How Has the Volumetric Display Market Size Evolved in Recent Years?
The volumetric display market has seen considerable growth due to a variety of factors.
• The market size of volumetric displays has seen a significant surge in recent years. The market is anticipated to increase from $0.75 billion in 2024 to $0.96 billion in 2025, with a compound annual growth rate (CAGR) of 29.3%.
The historical period growth is due to the expanding needs for 3d visualization, applications in medical imaging, uptake across the entertainment and gaming sector, scientific visualization and the integration of virtual reality (VR) and augmented reality (AR).
What Is The Forecast For The Volumetric Display Market Size?
The volumetric display market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for volumetric displays is projected to experience a substantial expansion in the coming years, ballooning to $2.38 billion by 2029 with a 25.3% compound annual growth rate (CAGR). This extrapolated growth can be credited to the escalating demand for applications like holographic displays, medical education and training, automotive design and modeling, the growing usage of mixed reality applications, and advancements in architectural visualization. The forecast period also anticipates significant trends such as advanced light field displays technologies, integration with augmented (AR) and virtual reality (VR), applications in medical imaging and surgical planning, automotive heads-up displays (HUDs), and collaborative design and visualization.
What Are The Essential Drivers Behind The Growth Of The Volumetric Display Market?
The growth of the volumetric display market is anticipated to be fueled by the burgeoning automotive industry. This industry comprises a myriad of companies and institutions actively involved in numerous areas such as vehicle design, production, sales, marketing, repair, and customization. Within this industry, volumetric displays are instrumental in providing superior holographic visuals for heads up displays. They enhance both driver information and the augmentation of reality navigation, thereby fostering a more engaging and secure driving environment. For example, the Board of Governors of the Federal Reserve System, a governmental agency in the United States, reported in January 2024 that the production of vehicles in the country had risen to 10.80 million units in December 2023, a surge from 10.47 million units in November 2023. As such, the dynamic expansion of the automotive industry is propelling the development of the volumetric display market.
How Is The Global Volumetric Display Market Divided Into Key Segments?
The volumetric display market covered in this report is segmented –
1) By Display Types: Swept Volume Display, Static Volume Display, Multi-Planar Volumetric Display, Other Displays
2) By Technology: Digital Light Processing (DLP), Liquid Crystal on Silicon (LCOS)
3) By End User: Medical, Aerospace And Defense, Entertainment, Automotive, Education And Training, Media, Communication, And Entertainment
Subsegments:
1) By Swept Volume Display: Rotating Screens, Moving Light Sources
2) By Static Volume Display: Fixed Panels, Layered Displays
3) By Multi-Planar Volumetric Display: Cross-Sectional Displays, Array-Based Displays
4) By Other Displays: Holographic Displays, Light Field Displays, Projection-Based Displays
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What Emerging Trends Are Influencing The Growth Of The Volumetric Display Market?
Key players within the volumetric display market are entering strategic alliances, aiming to provide cutting-edge holographic solutions to sectors such as healthcare, retail, and entertainment. Such alliances involve enterprises utilizing each other's unique talents and resources in pursuits of mutual gains and triumphs. For instance, IKIN, Inc., a renowned software company from the United States, forged a partnership with another US technology firm, INTEC Inc., in June 2023. Through this collaboration, they strive to invent advanced holographic solutions that offer immersive, three-dimensional experiences. These solutions have the potential to transform fields like entertainment, healthcare, and education by allowing realistic visual manifestations and interactive participation without requiring any specialised equipment.
Who Are the Key Players In The Volumetric Display Market?
Major companies operating in the volumetric display market report are:
• Sony
• Lumi Industries
• Fuji Pream Corporation
• Burton Inc.
• Actuality Systems
• Leia Inc.
• Lightspace Technologies LTD.
• SeeReal Technologies S.A.
• Seekway Technology Ltd.
• Alioscopy
• Holografika Kft.
• REALFICTION
• Holoxica Limited
• Coretec Group Inc.
• Voxon Photonics Pty Ltd.
• FoVI 3D
• 3DIcon Corporation
• Looking Glass Factory Inc.
• VividQ Ltd.
• Zebra Imaging
• Volucap GmbH
• Artosci
• Soscho GmbH
What Are The Regional Insights Into The Volumetric Display Market?
North America was the largest region in the volumetric display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the volumetric display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
