The global volumetric display market size was USD 301.64 Million in 2022 and is expected to register a revenue CAGR of 26% over the forecast period, according to the latest report by Reports and Data.
The growth of advanced display technologies, including augmented reality (AR), virtual reality (VR), and mixed reality, is a major factor driving the demand for volumetric displays. Volumetric displays provide an immersive 3D viewing experience that enhances the overall visual experience for users. The increasing popularity of 3D entertainment, such as movies, video games, and live events, is also fueling the development of volumetric displays. Moreover, the medical industry is utilizing volumetric displays to achieve accurate 3D visualization during surgeries, medical training, and diagnostics.
Rising R&D investment to increase the display resolution, size, and quality of volumetric displays is anticipated to fuel global revenue growth. The development of sophisticated, reasonably priced volumetric displays with high resolution and a wide viewing angle is being worked on by manufacturers. Another element boosting market revenue growth is the need for portable, light-weight volumetric displays.
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The information and communication technology sector is rapidly gaining traction owing to rapid technological advancements, high demand for smartphones, laptops, computers and other modern electronic devices, and increasing adoption of latest technologies such as Artificial Intelligence (AI), Internet of Things (IoT), and cloud services. The ICT sector consists of several sections, software, hardware, telecommunications and other services. Factors such as increasing demand for advanced ICT services in BFSI, agriculture, retail, hospital and healthcare, rapid adoption of digitalization, rising number of internet users and high demand of advanced services and devices are expected to drive global market revenue growth during the forecast period. Other factors such as increasing need for managing large data base, rising concerns about data security and increasing investments in R&D activities are expected to boost market growth during the forecast period.
Competitive Landscape:
Competitive landscape of global Keyword market is quite fragmented with regional and global key players. These market players are involved in various strategies including mergers and acquisitions, collaborations, new product launches or corporate deals to retain their market position and expand their product portfolio.
some leading companies operating in the global Keyword market:
voxon Photonics, LEIA Inc., Holografika Kft., Ovizio Imaging Systems, 3DIcon Corporation, Zebra Imaging, HoloTech Switzerland AG, HoloVis International, Lightspace Technologies, and Kino-mo.
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The global market is further segmented into type and application:
Type Outlook (Revenue, USD Million; 2022 - 2032)
- Swept-volume Display
- Static-volume Display
End-use Outlook (Revenue, USD Million; 2022 - 2032)
- Medical
- Aerospace & Defence
- Automotive
- Media, Communication & Entertainment
- Education & Training
- Others (Oil & Gas, Mining etc.)
Regional analysis provides insights into key trends and demands in each major country that can affect market growth in the region.
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of APAC)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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