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Volumetric display creates graphical representation of three-dimensional objects with 360-degree spherical viewing angle. It offers two main display types — swept volume and static volume displays. The swept display offers capabilities of recreating images of moving object. Over the period, with continuous research and development the volumetric display has witnessed technological advancements. This has increased its application across industries such as gaming and entertainment, medical, education among others. The medical sector is looking forward to adopt this displays for supporting its advanced telemedicine, training, and surgery applications. For instance, Voxon Photonics Pty Ltd. offers 3D medical MRI/CT display for healthcare providers for training, 8surgical planning, doctor patient communication, post-op review, and diagnosis. It displays real-time internal measurement of patient’s body part, along with zoom, region deletion and rotate features. Similarly, the growing demand for 3D visualization in gaming industry is driving the volumetric display market growth.
Volumetric display does not require glasses or head-devices, as it can be projected over a glass dome. The increasing demand for full body hologram is expected to drive the volumetric display market growth. Similarly, the adoption of volumetric video communication is expected to boost the demand for the market during forecast period.
Key Market Driver -
• Growing advancements in 3D display is likely to drive volumetric display market growth • Increasing application of volumetric display in gaming industry is likely to drive the market
Key Market Restraint -
• High initial cost is likely to challenge the market growth
Some of the key players in the global volumetric displays market are Lightspace Technologies Inc., Omnivirt, Voxon Photonics Pty Ltd., The Coretec Group Inc., Holoxica Ltd., Holografika kft., Leia, Inc., Looking Glass Factory, Inc., FOVI 3D, SeeReal Technologies GmbH, 3dicon Corp., Zebra Imaging, Burton Inc., VividQ, Jiangmen Seekway Technology Ltd., Alioscopy among others. The key companies are aiming to provide innovative display solution by integrating smart technologies. The companies are expanding its product portfolio and global reach with strategic collaboration and partnership. Similarly, these companies are focused on enhancing industry application of volumetric display by vastly investing in research and development.
North America is expected to lead the market with maximum revenue share during the forecast period. The increasing advancement in the healthcare industry is driving the demand for volumetric display in the region. The US is expected to gain rapid growth during the forecast period owing to rising investment in the advanced technologies. Also, the significant presence of key players in the US is driving the market growth. The US Hollywood entertainment business is highly enthralled by the application of a volumetric display. For instance, in 2018, Star Wars originals have used the technology to project an image of one of its character named “Princess Leia”.
Europe is likely to gain traction owing to the expanding automotive and gaming & entertainment industry. The UK and Germany are expected to lead the market in Europe.
Asia Pacific is likely to witness rapid growth during the forecast period, majorly due to the growing high-tech gaming industry. The emerging countries such as China, Japan, India are showing a growing interest in the volumetric display. The growing border tension in the Asia Pacific countries is expected to boost the demand for volumetric display for military and defense. Countries like China, India, South Korea are highly investing in upgrading military and defense technology. Similarly, Latin America, and Middle East, and Africa to showcase significant growth durin
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