Volumetric Display Market by Type (Swept Volume, Static Volume, and Others), by Component (Projector, Motor & Position Sensor, Mirror, and Others), by Technology (Digital Light Processing (DLP) and Liquid Crystal on Silicon (LCoS)), and by Application (Academics & Education, Military & Defence, Healthcare, Aerospace & Defence, Automotive, Gaming and Entertainment, and Others)- Global Opportunity Analysis and Industry Forecast 2024-2030

Market Definition

The Volumetric Display Market size was valued at 321.2 million in 2023 and is predicted to reach 1972.2 million by 2030 with a CAGR of 29.6% from 2024-2030. A volumetric display is a type of display technology that creates a three-dimensional (3D) image in space, rather than on a flat screen. It works by creating a series of 2D images, which are projected in rapid succession, to give the impression of a 3D image. This allows the image to be viewed from multiple angles, giving the illusion of a true 3D object.

There are several different types of volumetric displays including laser-based volumetric displays, holographic displays, and others. Volumetric displays create the illusion of a 3D image in space, by projecting light into a volume of space, rapidly moving a 2D image through a volume of space, using fixed transparent layers with a 2D image projected on each of them or using holographic techniques. Volumetric displays are still in the early stage of development, but researchers and companies are working to create more affordable and effective solutions.

Market Dynamics and Trends

The volumetric display market is driven by the increasing demand for high-resolution and realistic visuals in various industries such as gaming, entertainment, and advertising. As these industries seek to enhance user experiences and engage audiences more effectively, the adoption of volumetric displays as a means to achieve immersive and captivating visuals is on the rise.

Moreover, the growing adoption of volumetric displays in the aerospace sector is further driving the growth of the market. As aerospace companies seek advanced visualization solutions for tasks such as flight simulation, cockpit displays, and data analysis, the demand for volumetric displays continues to rise.

Furthermore, technological advancements such as the use of digital light processing (DLP), liquid crystal on silicon (LCoS), and holographic displays that create 3D images are further fostering the growth of the volumetric display market. As these advancements enable the creation of more immersive and realistic visual experiences, the demand for volumetric displays continues to increase across various industries.

However, the high cost in the development of volumetric displays is the major factor restraining the growth of the market. On the contrary, The introduction of volumetric displays in AR/VR applications, allowing virtual objects to be projected into the real world, is expected to create ample opportunities in the coming years. This technology enhances the sense of depth and realism within the virtual environment, offering users a more immersive and engaging experience.

Market Segmentation and Scope of Study

The global volumetric display market is segmented on the basis of type, component, technology, application, and region. Based on type, the market is classified into swept volume, static volume, and others. Based on the component, the market is segmented into projector, motor & position sensor, mirror, and others. On the basis of technology, the market is categorized into digital light processing (DLP) and liquid crystal on silicon (LCOS). On the basis of application, the market is divided into academics & education, military & defence, healthcare, aerospace & defence, automotive, gaming and entertainment, and others. Regional breakdown and analysis of each of the aforesaid classifications include regions comprising of North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis

North America holds the dominant share of and is expected to continue its dominance during the forecast period. This is attributed to factors such as the developed healthcare industry and the increasing R&D in the development of volumetric displays for a variety of purposes such as visualizing medical imaging data, assisting in surgical planning, and providing an immersive training experience for medical professionals.

According to the Center for Medicare and Medicaid Services, the healthcare industry in the U.S. reached 4.3 trillion in 2021 and it was anticipated that the industry will grow at a significant rate in the coming years. Moreover, the growing aerospace industry and the increasing need for advanced technologies for flight simulation and training, aircraft design & development, and air traffic control are driving the growth of the market in this region. Volumetric displays provide more accurate and intuitive visual information to improve the safety and efficiency of aerospace.

According to the Aerospace Industries Association, the U.S. Aerospace industry reached USD 382 billion contributing a total of 1.8 percent of the country’s total GDP. On the other hand, Asia Pacific is expected to show a steady rise in the volumetric display market due to the rapidly growing gaming and entertainment industry in countries such As China, India, and South Korea.

For instance, China is the largest gaming industry in the world with USD 403.1 million in revenue generation in 2021. Moreover, the increasing expenditure for the development of advanced military and defense technologies is driving the growth of the volumetric display market in countries such as China, India, and South Korea. Volumetric displays are used in a variety of military and defence applications such as training simulations, navigation systems, and situational awareness displays due to their ability to display 3D images in a realistic and interactive manner. According to the World Bank, China's military expenditure reached USD 293.35 billion in 2021 as compared to 257.97 billion in 2020.

Competitive Landscape

Various market players operating in the volumetric display market include 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, Jiangmen Seekway Technology Ltd., Sony Group Corporation, Canon Inc, and others. These market players are adopting various strategies such as innovation and collaboration to maintain their dominance in the global volumetric display market.

For instance, in January 2023, Sony Group Corporation launched a spatial reality display and portable volumetric capture. The new display allows users to see into a 3D world without the need for wearing special glasses.

Moreover, in July 2021, Canon Inc and IBM Corporation collaborated to use volumetric video technology for immersive 3D video creation. The collaboration was aimed to provide a volumetric video solution for the visual and performing arts industry.

Key Benefits

• The report provides quantitative analysis and estimations of the volumetric display market from 2024 to 2030, which assists in identifying the prevailing market opportunities.

• The study comprises a deep-dive analysis of the volumetric display market including the current and future trends to depict prevalent investment pockets in the market.

• Information related to key drivers, restraints, and opportunities and their impact on the volumetric display market is provided in the report.

• Competitive analysis of the players, along with their market share is provided in the report.

• SWOT analysis and Porters Five Forces model is elaborated in the study.

• Value chain analysis in the market study provides a clear picture of roles of stakeholders.

Key Market Segments

By Type   

• Swept Volume

• Static Volume

• Others

By Component 

• Projector

• Motor & Position Sensor

• Mirror

• Others

By Technology 

• Digital Light Processing (DLP)

• Liquid Crystal on Silicon (LCOS)

By Application 

• Academics & Education

• Military & Defence

• Healthcare

• Aerospace & Defence

• Automotive

• Gaming & Entertainment

• Others

By Region

• North America

  • The U.S.

  • Canada

  • Mexico

• Europe

  • The UK

  • Germany

  • France        

  • Italy        

  • Spain        

  • Denmark        

  • Netherlands        

  • Finland        

  • Sweden        

  • Norway        

  • Russia        

  • Rest of Europe    

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

  • Indonesia

  • Singapore

  • Taiwan

  • Thailand

  • Rest of Asia Pacific

• RoW

  • Latin America

  • Middle East

  • Africa

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