Volumetric Display Market - Forecasts from 2021 to 2026
|出版商||Knowledge Sourcing Intelligence||商品編碼||1013769|
|出版日期||內容資訊||英文 101 Pages
|立體顯示器的全球市場:未來預測 (2021年∼2026年) Volumetric Display Market - Forecasts from 2021 to 2026|
|出版日期: 2021年05月11日||內容資訊: 英文 101 Pages||
The volumetric display market is evaluated at US$163.285 million for the year 2019 and is projected to grow at a CAGR of 34.54% to reach US$1,302.882 million in 2026.
A volumetric display is a graphic display device that forms a visual representation of an object in three physical dimensions for better understanding and experience of the user. It creates 3D imagery using the emission, scattering xaor transmitting illumination from well-defined regions in space, unlike the conventional planar image that kindles depth through various diverse enhanced visualizations to make screenless real images that place no impediments on the watcher's position. Volumetric Images have a physicality that permits them to consume space, similar to the actual article being portrayed.
The increasing adoption, technological advancement, and innovation of volumetric display technology is the key driver of the growth of the market. Specifically, the increasing technological development in 3D displays is expected to contribute significantly to the progress of the market.
The rising utilization of volumetric technology in several sectors like Medical, Aerospace & Defence, Automotive, Media & Entertainment, Education & Training, and Oil and Gas hints at the growth prospects of the volumetric display market.
In the healthcare sector, the demand for volumetric displays is rising due to the ability of utilization in various medical procedures and surgeries. Simultaneously, there is a raising need for advancement in devices used for medical imaging through volumetric technology for better diagnosis and treatment of the patients.
Additionally, the governments of developed countries are increasingly investing in the advancement of volumetric technology for utilization in the defense sector as it facilitates communicating and monitoring during wars. This adds to the increased application and adoption of volumetric display technology.
Furthermore, consumer preferences are changing when it comes to displays from conventional to volumetric is also one of the factors pointing towards the growing demand and market size of the volumetric display market. This is leading to consumers wanting a better gaming experience and real-like images across various media. This opens the door for the opportunity for advancement and an increase in the adoption of volumetric displays in the consumer service sector.
The demand for volumetric displays across various industries is rising significantly, specifically by companies having high promotion budgets. This is mainly because volumetric display facilitates media marketing and advertisement of the product by providing enhanced visual impact.
Volumetric display eliminates the need for accessories like special glasses, unlike traditional 3D displays. So, the technology has been commercialized in various sectors across the industries. Like, there has been consistent development in laser, optics, and electronic sectors.
However, the high cost involved in adoption in the volumetric display is the main hurdle in the growth of the market. In addition, the complexity associated with the manufacturing procedure, and the requirement of large bandwidth are further hindrances for the market. That said, there has been increased investment in the Research and Development activities for technological advancement and innovation to pave a way for increment in adoption passing the hindrance for the market.
The COVID-19 Pandemic has had a positive impact on the volumetric display market. Despite the temporary suspension in the manufacturing processes across various production facilities in numerous countries due to the lockdowns imposed, the demand and the growth prospects have increased. The demand in the medical sector increased tremendously due to the increased imaging procedures prompted for the diagnosis and treatment of infected patients.
Additionally, the work from home culture and online education has increased the demand for volumetric displays for video calling and virtual meeting purposes. So, despite the advent of the COVID-19 pandemic, the volumetric display market is expected to grow at a steady rate during the forecast period.
The Volumetric Display market has been segmented based on type, components, end-users, and geography. By type, the market is categorized into Swept Volume Display, Static Volume Display, and others. By components, the market segmentation is into High-speed Video Projector, and Multi-planar Optical Element. By end-users, the market is segmented into Medical, Aerospace & Defence, Automotive, Media & Entertainment, Education & Training, Oil and Gas, and others. By geography, North America, South America, Europe, Middle East, and Africa, and the Asia Pacific.
By type, Static Volume display type is predicted to exhibit the highest growth owing to the feasible availability and flexible utilization. Swept volume display type is also expected to grow significantly due to the increased investment for innovation by the key developers.
By end-users, the medical segment is likely to grow at the highest rate and is expected to have the largest market share owing to the medical imaging devices advancement and increment in technology utilization during surgeries.
Geographically, the North America segment is predicted to hold the largest sharing owing to the increasing adoption of volumetric display technology by the oil and gas sector for visualization of 3D fluid flow in real-time. In addition, the increased investment by regulatory bodies in the advancement in the defense sector is expected to boost the growth of the Volumetric Display market in the region. The demand in the Asia Pacific region is also expected to increase significantly owing to the rising utilization of volumetric technology by various industries in these developing countries.
Swept Volume Display
Static Volume Display
High-speed Video Projector
Multi-planar Optical Element
Aerospace & Defence
Media & Entertainment
Education & Training
Oil and Gas
Europe Middle East and Africa