Volumetric Display Market (32% CAGR) : Global Current Industry Status, Growth Opportunities, Top Key Players, and Forecast to 2027

According to a recently published report by Research Nester on "Volumetric Display Market: Global Demand Analysis & Opportunity Outlook 2027" delivers detailed overview of the volumetric displayin terms of market segmentation by display type, by technology, by component, by end-user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter's five force model.

The global volumetric display market is segmented by display type into swept volume and display volume; by component into projector, mirror, lens, memory and screen; by technology into digital light processing and liquid crystal Silicon; by end-user into education, healthcare, aerospace, advertisement and others. The global volumetric display market is anticipated to record a CAGR of 32% over the forecast period i.e. 2019-2027.

Rising Demand in Medical Imaging

There are various factor for the development of volumetric display in medical sector. The continuous improvement of imaging equipment for medical scanning provides data with higher spatial resolution and with increased signal to noise ratio. Such data lend themselves well to image enhancement and computer-graphic 3D reconstruction algorithms. Additionally, improvement in display technologies, different methods are becoming available for displaying three-dimensional medical data for better understanding.

Various methods of 3D display include the vari-focal mirror, head-tracked display workstations, and holographic stereograms. The application of volumetric rendering techniques with holographic stereogram technology for better visualization of scan data allows rapid and accurate comprehension of complex volumetric data in the generated spatial images. These factor is expected to drive the market growth over the forecast period.

Advancement in 3-D Technology

A volumetric display device allows generation and scattering of visible radiation from a set of particular and localized regions within a three-dimensional space. Volumetric display encompasses of visual display devices which form visual representation of 3-D object. It generates 3D imagery through the emission scattering of illumination from well-defined regions in space. These displays are auto-stereoscopic and generates 3D imagery which can be viewed with the naked eye. It is also referred as a promising technology which has widespread application in aerospace, automotive, medical, defense and industrial sector. Volumetric display techniques employs a combination of prominent components.

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In recent years, it is witness a notable shift from the application of traditional 3D to volumetric displays due to the unique features that the latter offers, which includes 360-degree spherical viewing angles, visualization of holographic aerial images in free space, motion-based depth cues, and autostereoscopic capabilities, among others. Additionally, enhanced viewing experience, higher resolution, and real-time 3D visualization is projected to boost the market growth over the forecast period. Furthermore, increasing adoption of 3D technology in various end-use industries is further anticipated to drive the market growth over the forecast period.

Restraints

Technical Issue

The display of opaque objects becomes little distorted in volumetric display. The resultant image is seen as blurred and requires high bandwidth. However, the advanced electronic display system with integrated design and low cost may hamper the market growth in near future.

The market in North America is expected to display a strong growth on the back of rising investment for the advancement of 3D technology. Further, the Europe market is anticipated to induce a budding growth owing to rising number of application in end-user industries such as for medical imaging technique.

The market in Asia Pacific is estimated to witness huge growth during the forecast period on account of increasing application of volumetric display in production of consumer electronics such as mobile, television and computers. Also, growing urbanization in developing countries is expected to boost the market growth in this region.

This report also provides the existing competitive scenario of some of the key players of the volumetric display market which includes company profiling of Holografika KFT, Lightspace Technologies, Holoxica, Zebra Imaging, Voxon, Burton, Jiangmen Seekway Technology, Leia.and other prominent players. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the volumetric display market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

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This release was published on openPR.