LAMEA Volumetric Display Market Size, Share & Industry Trends Analysis Report By Type (Static-volume Display and Swept-volume Display), By End-use, By Country and Growth Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa Volumetric Display Market would witness market growth of 29.3% CAGR during the forecast period (2021-2027).
The volumetric display has the potential to be utilized in the domains of medical imaging, which is currently employed on a massive scale for the diagnosis of deadly diseases such as cancer and other diseases, and is likely to increase the market growth over the forecast period. Better visibility during operations could be provided via 3D volumetric displays. The 3D volumetric display can give volume rendering of the surface and interior of any human organ, boosting the usefulness of real-time imaging devices for doctors and surgeons. MRIs and CT scans are very strong diagnostic instruments rich in 3D data. As a result, MRIs and CT scans have proven to be a lucrative market for such displays
Some of the market's leading competitors are working on displays that will allow doctors and surgeons to interact with images in real time, boosting the volumetric displays market's expansion over the projection timeframe. The user may bring content to life with Voxon's 3D Volumetric technology, allowing them to visualize, communicate, and learn. It also allows users and clinicians to study and alter any medical data (even MRI) in real-time, such as zooming in for a closer look and viewing cross sections at any angle, among other things.
Due to the increased usage of volumetric displays by many firms in this region, Latin America is likely to emerge as an extremely lucrative market for these displays. Over the projection period, the market will be driven by rising demand from key end-use sectors such as healthcare, defense & aerospace, and oil & gas, among others. Due to the rising adoption of these devices in various end-use sectors such as oil & gas and defense & aerospace, the Middle East & Africa region is likely to hold a significant share of the volumetric display market during the forecast period.
The high level of user-producer engagement, as well as the fact that product and circuit design will progressively become one and the same activity, suggests that design talents should be nurtured at home. In this light, mastering IC (Integrated circuit) design skills becomes a critical prerequisite for industrial competitiveness. The way to develop these competencies in developing nations becomes a significant policy issue for the microelectronics industry, especially when these countries are minor players in markets with limited technological resources.
The Brazil market dominated the LAMEA Volumetric Display Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $12,343.6 Thousands by 2027. The Argentina market is exhibiting a CAGR of 30% during (2021 - 2027). Additionally, The UAE market would witness a CAGR of 28.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Volumetric Display Market is Predict to reach $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.
Scope of the Study
Market Segments Covered in the Report:
- Static-volume Display
- Swept-volume Display
- Education & Training
- Media, Communication, & Entertainment
- Aerospace & Defense
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Looking Glass Factory, Inc.
- Lightspace Technologies
- The Coretec Group, Inc.
- Holoxica Limited
- Leia, Inc.
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