Volumetric Display Market Poised for Rapid Growth, Expected to Reach USD 1972 Million by 2030

According to Next Move Strategy Consulting, the Volumetric Display Market size is predicted to reach USD 1972 million by 2030, growing at an impressive CAGR of 30% from 2024 to 2030. A volumetric display is a cutting-edge display technology that creates three-dimensional (3D) images in space rather than on a flat screen. By projecting a series of 2D images in rapid succession, volumetric displays provide a true 3D visual experience that can be viewed from multiple angles.

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Key Growth Drivers

The market is primarily driven by the rising demand for high-resolution and immersive 3D visuals across various industries. The gaming, entertainment, and advertising sectors are increasingly adopting volumetric displays to enhance user engagement and deliver captivating visual experiences.

Moreover, the aerospace industry is significantly contributing to the growth of the market. Companies in this sector are leveraging volumetric displays for applications such as flight simulation, cockpit displays, and data visualization, leading to increased demand.

Furthermore, technological advancements such as digital light processing (DLP), liquid crystal on silicon (LCoS), and holographic displays are fostering the adoption of volumetric displays. These innovations enable more immersive and realistic visual experiences, further fueling market expansion.

Market Segmentation The global volumetric display market is segmented based on type, component, technology, application, and region:

• By Type: Swept volume, static volume, and others.
• By Component: Projector, motor & position sensor, mirror, and others.
• By Technology: Digital Light Processing (DLP) and Liquid Crystal on Silicon (LCoS).
• By Application: Academics & education, military & defense, healthcare, aerospace & defense, automotive, gaming & entertainment, and others.

Regional Insights

North America holds the dominant share in the volumetric display market and is expected to maintain its leadership throughout the forecast period. The region’s growth is attributed to a well-established healthcare industry and ongoing R&D in volumetric displays for medical imaging, surgical planning, and medical training.

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The aerospace sector is another key contributor to market growth in North America. The increasing need for advanced visualization technologies for flight simulation, aircraft design, and air traffic control is propelling market demand.

Meanwhile, the Asia-Pacific region is expected to witness a steady rise in market growth due to the rapidly expanding gaming and entertainment industry in countries such as China, India, and South Korea. The region’s growing consumer demand for innovative display solutions is expected to accelerate the adoption of volumetric displays in the coming years.

Competitive Landscape

Several key players operate in the global volumetric display market, including Lightspace Technologies Inc., Omnivirt, Voxon Photonics Pty Ltd., The Coretec Group Inc., Holoxica Ltd., Holografika kft., Leia Inc., Looking Glass Factory Inc., FOVI 3D, SeeReal Technologies GmbH, 3dicon Corp., Zebra Imaging, Jiangmen Seekway Technology Ltd., Sony Group Corporation, and Canon Inc.

These market players are focusing on innovation, product development, and strategic collaborations to strengthen their market presence. For instance, in January 2023, Sony Group Corporation launched a spatial reality display and portable volumetric capture system, enabling users to view 3D content without the need for specialized glasses.

Industry Report Insights The comprehensive market report provides a detailed analysis of the volumetric display industry, including:

• Quantitative analysis and market estimations from 2024 to 2030, helping stakeholders identify prevailing opportunities.
• A deep-dive analysis of current and future market trends to pinpoint investment prospects.
• Insights into key drivers, restraints, and opportunities and their impact on the market.
• Competitive analysis, including market share distribution of key players.
• SWOT analysis and Porter’s Five Forces model to assess market dynamics.
• Value chain analysis to provide clarity on the roles of various stakeholders in the industry.

About Next Move Strategy Consulting:

Next Move Strategy Consulting is a premier market research and management consulting firm that has been committed to provide strategically analysed well documented latest research reports to its clients. The research industry is flooded with many firms to choose from, what makes Next Move different from the rest is its top-quality research and the obsession of turning data into knowledge by dissecting every bit of it and providing fact-based research recommendation that is supported by information collected from over 500 million websites, paid databases, industry journals and one on one consultations within dusty experts across a diverse range of industry sectors. The high-quality customized research reports with actionable insights and excellent end-to-end customer service help our clients to take critical business decisions that enables them to move beyond time and have competitive edge in the industry.

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Summary

The volumetric display market is poised for significant growth, driven by increasing demand for immersive 3D visuals across industries such as gaming, aerospace, and healthcare. Technological advancements and the adoption of volumetric displays for simulation, training, and entertainment are key factors fueling market expansion. North America currently leads the market, with strong contributions from the healthcare and aerospace sectors, while Asia-Pacific is expected to witness steady growth due to rising demand for advanced display technologies. As leading companies continue to innovate and invest in research and development, the volumetric display market is set to redefine the future of visual experiences globally.