Volumetric display market is projected to witness a compound annual growth rate of 35.09% to reach a total market size of US$555.991 million in 2023, from US$91.495 million in 2017. Volumetric displays generate a true 3D image by illuminating points in a 3D space and do not require the user to wear shutter glasses or head-trackers. Key applications of Volumetric Display are in oil and gas exploration, luggage visualization, interventional and diagnostic medical imaging and pharmaceutical molecular modeling. Heavy investments by major market players into research and development are focused towards overcoming the limitations of these displays while enhancing their functionalities. These advancements are fueling the adoption of volumetric displays among the end-users, thus augmenting the market growth. However, high cost and complex manufacturing procedure is impeding the market growth significantly.
Geographically, North America and Europe hold a major share in this market on account of state-of-the-art research infrastructure in these regions. The market in Asia Pacific is anticipated to witness a rapid growth owing to increasing investments by market players in this region.
This research study examines the current market trends related to the demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the volumetric display value chain. Last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining faster and efficient understanding of the volumetric display market.
Major industry players profiled as part of the report are Alioscopy, Voxon Photonics, The Coretec Group Inc. and Lightspace Technologies.
The Volumetric display market has been analyzed through following segments:
Swept Volume Display
Static Volume Display
High-speed Video Projector
Multi-planar Optical Element
Middle East and Africa