The volumetric display global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Volumetric Display Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size -
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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Scope Of Volumetric Display Market
The Business Research Company's reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Volumetric Display Market Overview
Market Drivers -
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.
Market Trends -
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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Regional Insights -
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.
Key Companies -
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
Table of Contents
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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