A recent report published by Infinium Global Research on the volumetric display market provides an in-depth analysis of segments and sub-segments in the global as well as regional volumetric display market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional volumetric display market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast, and dollar values of the global volumetric display market. According to the report, the global volumetric display market is projected to grow at a CAGR of 28.4% over the forecast period of 2020-2026.
The volumetric display is a 3D display that potentially makes it more suitable for the classroom, workplace, medical, and defense. It is an interactive platform for 3D applications and generates true volumetric 3D images by actually illuminating points in 3D space. Volumetric displays are kin to viewing physical objects in the real world. These displays typically have a 360° field of view.
In medical diagnosis Volumetric displays used to view imagery obtained through x-rays, MRIs, and CAT scans. The doctors interactively view the imagery within its originating 3D structure, rather than viewing the imagery slice by slice as a series of 2D images. Furthermore, in a surgical planning surgeons consider the relative positioning of complex 3D structures in planning the best approach to treating specific internal structures. The volumetric display allows the surgeons to view these structures in true 3D space. The volumetric display could be used to interactively highlight and compare various routes to the relevant areas, and indicate possible problematic approaches. Additionally, it could be used as a 3D model viewer for educational purposes in classroom settings. The display is used to store thousands of models and allowing students to browse models. In addition, these displays also are used as a somewhat public terminal in social spaces, supporting quick and informal interactions. For instance, the display could be placed in the lobby of a design studio, so designers walking by could quickly view and browse the models at the studio which were currently being developed. However, the high cost is affecting the growth of the market. Moreover, technological advancement in the volumetric display provides a significant growth opportunity for the market.
North American market dominates the global volumetric market. Growing penetration of 3D volumetric displays in the oil and gas industry is driving the market growth in this region. Furthermore, the increasing adoption of volumetric display technologies in the healthcare sector is driving the market demand in the North American region. In addition, a rapid increase in U.S. defense spending to deploy advanced technologies for military training and simulation applications is expected to drive the growth of the North American market.
The report on the global volumetric display market covers segments such as component, technology, display type, and application. On the basis of component, the sub-markets include projector, and motor & position sensor. On the basis of technology, the sub-markets include DLP and ICOS. On the basis of display type, the sub-markets include swept, and static. On the basis of application, the sub-markets include medical, aerospace & defense, and oil & gas.
The report provides profiles of the companies in the market such as 3dicon Corp, Burton Inc., Holografika KFT, Lightspace Technologies., Holoxica Limited, Zebra Imaging, Voxon, Jiangmen Seekway Technology Ltd., Leia Inc, and Alioscopy.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of the volumetric display market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.