The Europe Volumetric Display Market would witness market growth of 24.9% CAGR during the forecast period (2021-2027).
Conventional 3D displays are being phased out in favor of volumetric 3D displays by consumers all around the world. The latter's inherent additional features, such as visualization of holographic aerial photographs in free space, 360° spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues, have caused this shift. Volumetric displays offer higher resolution, enhanced user viewing experience through a variety of visual effects, and real-time 3D, all of which are likely to drive market expansion throughout the forecast period. Military and defense, aerospace, healthcare, and media and entertainment have all increased their use of volumetric displays in applications like patient surgery, research and development, and media marketing.
The demand for volumetric displays is also being driven by rising curiosity in 3D displays and technological improvements in 3D display technologies. The benefits provided by such displays, such as better visual effects, higher resolution, and the ability for multiple viewers to look at the image at the same time from different perspectives without any need for special glasses, are also major factors driving growth in the overall volumetric display market. The increased demand for better medical imaging technologies to diagnose diseases at an early stage is another major factor.
From a Western European perspective, Germany excels in the production of electronics, while Poland leads in electronics production in Central and Eastern Europe. In 2019, Germany produced 32.4 percent of all electronic equipment, and that figure is predicted to climb further by 2023. Thus, further development of volumetric displays will be sustainable in this region.
In 2018, Germany was the most important player in the EDA (European Defense Agency) European market, with predictions of the UK's growing prominence. Electronic components and systems are important supporters of the development of innovation and productivity in the entire European market, even in the case of European industry. The European EDA market is growing due to the rising variety of high-level technologies and the expansion of the semiconductor sector.
The Germany market dominated the Europe Volumetric Display Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $53,087.9 Thousands by 2027. The UK market is anticipated to grow at a CAGR of 23.9% during (2021 - 2027). Additionally, The France market would experience a CAGR of 25.8% during (2021 - 2027).
Based on Type, the market is segmented into Static-volume Display and Swept-volume Display. Based on End-use, the market is segmented into Medical, Automotive, Education & Training, Media, Communication, & Entertainment, Aerospace & Defense, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Volumetric Display Market Size will Hit $775.2 Million by 2027, at a CAGR of 25.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Holografika, Looking Glass Factory, Inc., Alioscopy, Lightspace Technologies, The Coretec Group, Inc., Holoxica Limited, and Leia, Inc.
By Type
By End-use
By Country
Unique Offerings Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
