Press release
Volumetric Display Market Poised to Hit $2.38 Billion by 2029 with Accelerating Growth Trends
Volumetric Display Market Size
Volumetric Display Market Size Growth Forecast: What to Expect by 2025?
In the past few years, the volumetric display market has experienced a significant expansion. The market is projected to rise from a value of $0.75 billion in 2024 to approximately $0.96 billion in 2025, representing a compound annual growth rate (CAGR) of 29.3%. This growth during the historic period can be attributed to a heightened demand for 3D visualization, applications in medical imaging, the adoption by the entertainment and gaming industry, scientific visualization, and the incorporation of virtual reality (VR) and augmented reality (AR).
How Will the Volumetric Display Market Size Evolve and Grow by 2029?
The growth trajectory for the volumetric display market size projects a rapid increase in the coming years, with an expected value of $2.38 billion by 2029 and a compound annual growth rate (CAGR) of 25.3%. This anticipated growth for the forecasted period is linked to an increased demand for holographic displays, medical training and education, automotive design and simulation, expansion in mixed reality applications and rising architectural visualization. Technological advancements in light field displays, augmented reality (AR) and virtual reality (VR) integration, medical imaging and surgical planning, automotive heads-up displays (huds), and collaborative design and visualization are the significant trends expected within the forecast period.
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What Drivers Are Propelling the Growth of Volumetric Display Market Forward?
The growth of the volumetric display market is anticipated to be fueled by the burgeoning automotive sector. The automotive industry encompasses a multitude of firms and organizations specializing in the creation, manufacturing, promotion, sales, repairs, and alterations of motor vehicles. Enhancing the holographic visuals in heads-up displays, volumetric displays in vehicles boosts driver information and augments reality navigation, resulting in a more engrossing and secure journey. For example, the Federal Reserve System's Board of Governors, a government agency in the US, reported in January 2024 that total vehicle production in the United States soared to 10.80 million units in December 2023, a rise from 10.47 million units the previous month. Hence, the thriving automotive sector is propelling the volumetric display market's expansion.
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Which Emerging Trends Are Transforming the Volumetric Display Market in 2025?
Leading entities in the volumetric display industry are engaging in strategic collaborations to provide high-tech holographic solutions to sectors like healthcare, retail, and entertainment. Such partnerships allow companies to mutually benefit from leveraging each other's abilities and resources. For example, in June 2023, a collaboration was seen between IKIN, Inc., a software company based in the US, and INTEC Inc., a technology company also based in the US. Their main objective from this collaboration is to create innovative and advanced holographic solutions. These solutions provide three-dimensional immersive experiences, transforming sectors such as entertainment, healthcare, and education by providing realistic imagery and interactive engagement, all without the necessity for specialized equipment.
What Are the Key Segments in the Volumetric Display Market?
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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Who Are the Key Players Shaping the Volumetric Display Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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.
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