According to a recently published report by Research Nester on “Volumetric Display Market: Global Demand Analysis & Opportunity Outlook 2027” delivers detailed overview of the volumetric display in terms of market segmentation by display type, by component, by technology, by end-user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The global volumetric display market is segmented by display type into swept volume and display volume; by component into projector, mirror, lens, memory and screen; by technology into digital light processing and liquid crystal Silicon; by end-user into education, healthcare, aerospace, advertisement and others. The global volumetric display market is anticipated to record a CAGR of 32% over the forecast period i.e. 2019-2027.
Rising Application in Healthcare Segment for Medical Imaging
A medical imagining system based on 3D volumetric spatial displays delivers lots of advantages in comparison to active technologies and visualization systems. The display makes it possible to dynamically control a light field representation of 3D scenes which enable the users to reconstruct the spatial information using their own visual system in a natural way. Various medical examinations such as X-ray, CRT and city scan uses digital technology to optimize the image results. Researchers perform some psychophysical testing in order to quantify the effectiveness of real spatial display with volume rendering for medical visualization task. These factor is expected to drive the market in near future.
Increasing Number of Smartphones Subscribers and Rising Number of Telecommunication Industries
According to Internet and Mobile Association of India (IAMAI) report 2018, there was 382 million smartphone subscribers in India in 2018 as it was 340 million in 2017. The increasing number of smartphones and advancement in their display technology such as volumetric display is projected to propel the market. Rising application of volumetric display in telecommunication field such as 3-D display technology for the I/O device of distributed application is projected to increase the demand of the product. It allows electronically handled images to be displayed within a clear physical volume and permit a range of signals to depth to be integrally linked with image content. Further, 3-D data can be easily transferred with the help of telecommunication network. These factor is expected to drive the market over the forecast period.
Complex fabrication and High Cost
High cost and complex fabrication associated with these products are projected to hamper the market growth over the forecast period. These volumetric display comprises of a complex assembly of components such as projector, motor, sensors, laser systems and others. Furthermore, the technology depends on scanning or rotating mechanism which further limits the manufacturers in producing large screen products. Also, the high cost associated with the volumetric display also acts as factors hindering the market growth over the forecast period.
The market in North America is expected to display a strong growth on the back of increasing demand in medical imaging technologies and rising investment in research & development activities. Further, the Europe market is anticipated to induce a growth owing to rising number of application in automobile and aerospace industries.
Asia Pacific region is estimated to witness highest growth during the forecast period on account of increasing demand of smartphones and other electronic product such as television and laptop. Additionally, increasing number of geriatric population suffering from congenital heart diseases and increasing number of injuries that requires medical imaging boost the market growth in this region.
This report also provides the existing competitive scenario of some of the key players of the volumetric display market which includes company profiling of Leia, Burton, Voxon, Zebra Imaging, Light space Technologies, Holoxica and Jiagmen Seekway Technology. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the volumetric display market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.