Volumetric Display Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

The volumetric display Market is expected to grow at a CAGR of 30% over the forecast period (2021 - 2026). Volumetric displays create a luminous image point in space resembling a three-dimensional image of an object in thin air visible from any direction and angle.

• The technological advancements in the fields of 3D displays are one of the important factors contributing to the growth of the volumetric display market over the forecast period.
• For instance, the research team from Utsunomiya University’s Kumagai Yukinobu campus showed their volumetric display that created a 3D stereoscopic image by using bubbles in a transparent liquid that were then coloured with laser light.
• By investing heavily in the research and development activities by the players in the market and by various educational institutions has allowed them to further augment as well as bring about innovations in the technology thereby driving the demand for such displays in the market.
• In January 2018, researchers from the University of Rochester created a small butterfly appearing to dance above a finger which can be seen no matter where the viewer is standing.
• However, high costs and complex manufacturing procedures are some of the factors that could hinder the growth of the volumetric displays market over the forecast period.

Scope of the Report

Volumetric displays allow the user to create a visual representation of an object into three physical dimensions providing the viewer with a 360-degree spherical viewing angle. This report segments the market by type, end-user industry, and geography.

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Key Market Trends

Healthcare Sector is Expected to Hold a Significant Share

• The volumetric display has a potential opportunity to be exploited in the areas of medical imaging which is currently used on a large scale for the detection of fatal diseases such as cancer amongst others is expected to boost the market over the forecast period.
• 3D Volumetric displays could provide greater visibility during operations. With MRIs and CT scans being incredibly powerful diagnostic tools rich in 3D data, the 3D volumetric display can provide volume rendering of the surface and the interior of any human organ, thereby increasing the effectiveness of real-time imaging systems for doctors and surgeons. Therefore MRIs and CT scan are proving to be a great potential market for such displays.
• Some of the prominent players in the market are developing such displays that could help the doctors and the surgeons to interact with the images in real time thereby fueling the growth for the volumetric displays over the forecast period.
• Voxon's 3D Volumetric technology allows the user to bring the content to life thereby enabling them to visualise, communicate and learn. It also the user or doctors to explore and manipulate any medical data (including MRI) in real-time, zooming for getting a closer look, displaying cross sections at any angle amongst others.

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