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Volumetric Display Market Size, Share & Growth Report 2033
Volumetric Display Market Size
As per the report, 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 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%.
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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.
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.
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
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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
Contents of the report:
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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