Published Date: 30-Apr-22
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According to a new report, published by KBV research, The Global Volumetric Display Market size is expected to reach $775.2 million by 2027, rising at a market growth of 25.4% CAGR during the forecast period.
The Static-volume Display segment is leading the Global Volumetric Display Market by Type in 2020, thereby, achieving a market value of $407.3 million by 2027. Customers favor static volumetric displays since they are readily available in a variety of categories. Varieties based on gas medium upconversion, solid-state upconversion, and crystal cube static displays fall within this group. These aid with speedy security inspections at airports, as well as improved visibility during medical procedures. Static volume displays depend on a 3D volume of active elements (Volumetric Picture Elements, or voxels) changing color (or transparency) to present a solid option rather than big moving portions.
The Media, Communication, & Entertainment segment is showcasing a CAGR of 26.8% during (2021 - 2027). Volumetric displays leave a strong visual impact during product advertising and media marketing since they keep customers engaged for a long time. Due to the high demand for video calling and virtual meetings, the media, communication, and entertainment business is likely to grow significantly in the future years as 5G technology becomes more widely available. In addition, millennials' increasing adoption of high-definition gaming technologies is expected to boost the segment's growth in the future.
North America is the fastest growing region in the Global Volumetric Display Market by Region in 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $285.1 million by 2027. The Europe market is estimated to grow at a CAGR of 24.9% during (2021 - 2027). Additionally, The Asia Pacific market would display a CAGR of 26.1% during (2021 - 2027).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Holografika, Looking Glass Factory, Inc., Alioscopy, Lightspace Technologies, The Coretec Group, Inc., Holoxica Limited, and Leia, Inc.
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