The volumetric display market is expected to grow at a compound annual growth rate (CAGR) of 34.54% to attain a market size of US$1302.882 million by the end of the analysis period 2026. The market was valued at US$163.285 million in 2019. The volumetric display is a technically advanced display system that makes images in 3D format, giving a better visual experience for the user. With the help and support of different light emission sources, volumetric display system creates a better 3D dimensional view of images. Compared to conventional display systems volumetric display system shows certain characteristics such as increased coverage of display, 360 Degree mode of view, and more user friendly. The special properties in display offered by the volumetric display system are boosting the market growth of volumetric display market. The large amount of advancement and technological development taking place in the field of volumetric display is also driving the market growth of volumetric display.
The efficiency of volumetric display in creating better visual experience is increasing the application of volumetric display in aeronautical, medical and defense fields. The customer preference for more convenient, user friendly and better visual experience are growing the market of volumetric display. The visualization of holographic images in free space and spherical image view offered by volumetric display are boosting the market growth of volumetric display market.
Applications of Volumetric Display in the Medical Field
Volumetric display industries are providing a wide range of different display products for assisting the performances in the medical field. Medical field is a sector widely utilizing the opportunities and advancements of visual display by means of volumetric display system. Volumetric display system is efficiently applicable in creatin 3D view images of surgeries and organ analysis. The better visual display and high resolution offered by volumetric display is rising the demand of volumetric display in the medical field. The need for high resolution images for the detection of wounds and infections in certain organ analysis is hiking the market growth of volumetric display in the medical field.
The convenience and user-friendly experience offered by volumetric display is making use of volumetric display system in emergency units and high specialty ambulatory services. Volumetric display system is also employed in board meetings and screening classes for young medical practitioners. The unique and high-resolution medical images projected by volumetric display system is giving support for performing vital surgeries and organ transplantations.
Improved Gaming Experience With Volumetric Display
Gaming field is one of the fields that has improved and developed to next level with the help and support of volumetric display. Volumetric display is efficiently utilized in its maximum extent in the field of gaming. The introduction of volumetric display in the field of gaming, brought out better user experience and comfort in game players. The 360-degree corner view offered by volumetric display has improved the user experience to high level. 3D and virtual games are possessing more demand compared to normal games in the field of gaming. The application of volumetric display in order to create virtual reality has improved the virtual experience of users in virtual and 3D gaming. The convenience and more efficiency offered by volumetric display is rising the demand of volumetric display in the gaming field. The application of volumetric display in gaming section has raised the demand of volumetric display in the global market.
Volumetric display also provides an improved gaming experience by providing virtual 3D gaming without the support of any glasses or external devices in the user. The association of motion sensors and actuators with the 3D display of volumetric display system offers a better gaming experience in the gamer. The booming growth of the gaming industry is also hiking the demand for volumetric display system in the global market.
Application of Volumetric Display in Defense and Aeronautical Field
Volumetric display system is of high demand and need in defense and aeronautical sector. The Aeronautical and aviation sector uses the support of volumetric display for the projection of complex aerodynamic structures. The observation and study of complex aerodynamic structures is carried out with the help and support of volumetric display system. The high resolution and 3D visualization offered by volumetric display system helps for the more understanding study of aviation structures. The movement and flying motion of airplanes and aerodynamic structures are monitored more efficiently with the help and support volumetric display system.
The defense field also highly utilize the imaging techniques of volumetric display for certain mapping applications. The vertical and horizontal view of battlegrounds and ground areas to be covered are displayed and analyzed with the support of volumetric display system. The holographic display offered by volumetric display system improves the virtual understanding and analyzation of areas. The wide application of volumetric display in the field of defense is also boosting the market growth of volumetric display market.
Geographically, the market is segmented into North and South America, European Region, the Middle East and Africa, and the Asia Pacific region. The North American region is now having and forecasted more market growth in the volumetric display market. The increased usage of volumetric display in industrial sectors is giving higher market share to volumetric display market in the North American region. Asia Pacific region is also forecasted to show more growth in the market of volumetric display with the presence of more economical developing countries in the Asia Pacific region.
The COVID pandemic had adversely affected the growth of volumetric display market. The isolations and lockdowns took placed as a result of the COVID pandemic made declination in the production sector of electronic devices, making declination in the market growth of volumetric display. The shut down of cinema halls and public large gaming sections also resulted in the downfall in the usage of volumetric display system. The blockages and problems occurred in the supply chain sector of volumetric display market also resulted in the downfall of the export and import rate of volumetric display components. The COVID pandemic effect created a negative impact on the market growth volumetric display system.