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Emerging Volumetric Display Market Trend 2025-2034: Strategic Partnerships Drive Growth In The Volumetric Display Market
Volumetric Display Market Growth
The market size for volumetric displays has witnessed significant expansion in the past few years. The market, which was valued at $0.75 billion in 2024, is projected to increase to $0.96 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 29.3%. The surge in growth during this historic period is largely due to escalated demand for 3D visualization, adoption in the medical imaging sector, the entertainment and gaming industry, scientific visualization, and the integration of virtual reality (VR) and augmented reality (AR).
The volume-based display market is anticipated to witness a surge in its size in the coming years, expanding to a staggering $2.38 billion by 2029, exhibiting a compound annual growth rate (CAGR) of 25.3%. This escalation during the projection period is likely to be a result of an increased requirement for holographic displays, medical education and training, automobile design and simulation, growth of mixed reality applications, and an upward trend in architectural visualization. The projection period will also see certain key advancements such as technological progress in light field displays, correlation with augmented reality (AR) and virtual reality (VR), improvements in medical imaging and surgical planning, the advent of automotive heads-up displays (huds), and enhanced design and visualization collaborations.
What Are the Key Drivers Behind the Growth of the Volumetric Display Market?
The automotive industry's growth is poised to boost the volumetric display market's expansion. The automotive industry encompasses a range of entities that focus on the creation, manufacturing, marketing, sales, repairs, and alterations of automobiles. Volumetric displays in this industry offer improved holographic visuals for heads-up displays, which aid in enhanced driver information and augmented reality navigation, thus providing a more immersive and safer driving experience. For example, in January 2024, the US-based government agency, the Board of Governors of the Federal Reserve System, reported that the total vehicle production in the United States had surged to 10.80 million units in December 2023, a rise from 10.47 million units in November 2023. Consequently, the volumetric display market is growing, fueled by the expanding automotive industry.
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Who Are the Major Industry Players Fueling Volumetric Display Market Expansion?
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
Which Key Developments Are Influencing the Volumetric Display Market?
Leading businesses in the volumetric display market are creating strategic alliances to provide advanced holographic solutions to sectors like healthcare, retail, and entertainment. These strategic alliances involve companies benefiting mutually by leveraging each other's abilities and resources. For instance, in June 2023, a partnership was formed between IKIN, Inc., an American software company, and INTEC Inc., a technology company also based in the U.S. The objective of their collaboration was to generate and implement innovative solutions, including advanced holographic ones that offer immersive, three-dimensional experiences. These solutions, which don't necessitate specialized equipment, are transforming industries such as entertainment, healthcare, and education by enabling realistic visualizations and interactive engagement.
How Is the Segmentation of the Volumetric Display Market Defined?
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 Is the Leading Region in 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.
What Is Covered In The Volumetric Display Global Market Report?
- Market Size Analysis: Analyze the Volumetric Display Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Volumetric Display Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Volumetric Display Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Volumetric Display Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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