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Volumetric Display Market Analysis, Top Leading Companies, Trends And Forecast by 2033
Volumetric Display Market Analysis
Volumetric Display Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $1.91 billion In 2028 At A CAGR Of 26.5%
The volumetric display market size has grown exponentially in recent years. It will grow from $0.58 billion in 2023 to $0.75 billion in 2024 at a compound annual growth rate (CAGR) of 29.2%. The growth in the historic period can be attributed to growing demand for 3d visualization, medical imaging applications, entertainment and gaming industry adoption, scientific visualization, virtual reality (VR) and augmented reality (AR) integration.
The volumetric display market size is expected to see exponential growth in the next few years. It will grow to $1.91 billion in 2028 at a compound annual growth rate (CAGR) of 26.5%. The growth in the forecast period can be attributed to rise in demand for holographic displays, medical training and education, automotive design and simulation, expansion of mixed reality applications, growth in architectural visualization. Major trends in the forecast period include technological advancements in light field displays, integration with augmented reality (AR) and virtual reality (VR), medical imaging and surgical planning, automotive heads-up displays (huds), collaborative design and visualization.
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Volumetric Display Market Major 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
Key Driver - Automotive Industry Expansion Fuels Volumetric Display Market Growth
The expanding automotive industry is expected to propel the growth of the volumetric display market going forward. The automotive industry refers to a sector that involves various companies and organizations engaged in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. Volumetric displays in the automotive industry provide enhanced holographic visuals for heads-up displays, aiding in improved driver information and augmented reality navigation, contributing to a more immersive and safer driving experience. For instance, in January 2024, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production in the United States increased to 10.80 million units in December 2023, up from 10.47 million units in November 2023. Therefore, the expanding automotive industry is driving the growth of the volumetric display market.
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Prominent Trend - Strategic Partnerships Drive Growth In The Volumetric Display Market
Major companies operating in the volumetric display market are forming strategic partnerships to gain a competitive edge in the market. Strategic partnerships for volumetric display refer to collaborative agreements between companies in the development, manufacturing, or integration of volumetric display technologies. For instance, in July 2021, Canon Inc., a Japan-based photography company, partnered with International Business Machines Corporation to create high-quality digital video content for the entertainment and arts industries in Japan. The partnership aims to make high-quality digital video content creation more accessible, particularly in the visual and performing arts community, by proposing a volumetric video solution. This solution uses Canon's volumetric video technology, which allows for nearly simultaneous video capture and generation of high-resolution video, and IBM's expertise in the arts to provide consultation services. International Business Machines Corporation is a US-based technology company that specializes in providing a wide range of technology and services.
Volumetric Display Market Players
Major companies operating in the volumetric display market report are Sony, Lumi Industries, Fujipream , 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
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Largest And Fastest Growing Region In The Market
North America was the largest region in the volumetric display market in 2023. 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.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Volumetric Display Market Report Structure
3. Volumetric Display Market Trends And Strategies
4. Volumetric Display Market - Macro Economic Scenario
5. Volumetric Display Market Size And Growth
…..
27. Volumetric Display Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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