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Volumetric Display Market Analysis

Report ID: GMI9383
Published Date: May 2024
Report Format: PDF

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Volumetric Display Market Analysis

Volumetric Display Market Size, By Technology, 2022-2032, (USD Million)

Based on technology, the market is divided into digital light processing (DLP) technology, liquid crystal on silicon (LCOS) technology. The digital light processing (DLP) technology segment is expected to reach over USD 2 billion by 2032.

DLP technology offers high resolution, which is crucial for volumetric displays to render detailed three-dimensional images. This high resolution ensures that the displayed content is sharp and accurate, enhancing the overall viewing experience.

DLP technology is highly scalable, making it suitable for a wide range of display sizes and applications. Whether it's a small tabletop volumetric display or a large-scale immersive installation, DLP technology can be adapted to meet various requirements.

Volumetric Display Market Share, By Display Type, 2023

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Based on display type, the market is segmented into static volumetric displays, swept-volume displays, multi-planar volumetric displays. The swept-volume displays segment is expected to register a CAGR of over 30% during the forecast period.

Ongoing advancements in swept-volume display technology have led to higher resolution, better image quality, and increased reliability, making them more appealing to a wider range of applications.
Swept-volume displays provide seamless and immersive experiences, particularly in gaming, entertainment, and virtual reality, propelling their demand. Their ability to create lifelike 3D images enhances user engagement, increasing their application for enhanced immersion. As a result, industries, such as gaming and entertainment, favor swept-volume displays, contributing to their rapid growth in the market.

U.S. Volumetric Display Market Size, 2022-2032, (USD Million)

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North America dominated the global volumetric display market in 2023 with over 35% of the total revenue share. The region has robust technological infrastructure, fostering innovations and adoption. Major tech hubs including Silicon Valley focus on R&D while strong investment ecosystems fuel startup growth. Additionally, North America has a diverse range of industries including entertainment, healthcare, and advertising, which benefit from volumetric displays. High consumer demand for immersive experiences and early adoption of AR/VR technologies further propel market growth in the region.

Authors: Suraj Gujar, Deeksha Vishwakarma

Frequently Asked Questions (FAQ) :

Market size for volumetric display surpassed USD 400 million in 2023 and may record more than 30% CAGR from 2024 and 2032 owing to technological advancements and the rising demand for holographic displays in sectors, such as automotive design and virtual prototyping.

The swept volume displays segment in the volumetric display industry will register 30% CAGR up to 2032, primarily due to the technology's ability to create three-dimensional images by sweeping a light source through a volume of space.

North America industry secured 35% share in 2023, driven by the region's robust technological infrastructure and significant investments in R&D activities.

Holografika KFT, Holoxica Limited, Leia Inc., Lightspace Technologies, Looking Glass Factory, Voxon Photonics, Zebra Imaging are operating in the volumetric display industry.