Industry Background:
Volumetric displays refer to a device that creates a visual representation of an object in 3D as opposed to a plane image on traditional screens. Volumetric displays render an image of a real-world object in physical space allowing an observer to view it from either distance, focus a camera on a certain detail, and see perspective, meaning parts of the image closest to the viewer would look bigger than parts farther away. Medical imaging, mining, education, advertisement, modeling, computer gaming, connectivity, and geophysical visualization are only a few of the possible markets for volumetric displays. As opposed to other 3D visualization tools including virtual reality, volumetric displays enable a group of people to assemble around the show and engage in a natural and sociable manner without the need for 3D glasses or other headgear. The focal depth, motion parallax, and vergence of 3D objects made in a volumetric display can be similar to that of real-world objects.This growth is primarily driven by Increasing Demand of Volumetric Displays for Medical Imaging and Growing Demand of Volumetric Displays for Simulations.
Globally, a noticeable market trend is evident Increasing R&D Spending on Development of Better Volumetric Displays
. Major Players, such as 3DIcon Corporation (United States), LightSpace Technologies Inc. (United States), Voxon (Australia), Holografika Kft. (Hungary), Zebra Imaging (United States), Holoxica (United Kingdom), Burton Inc. (Japan), LEIA Inc. (United States), Seekway Technologies (China) and Alioscopy (France) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On June 1st, 2016, 3DIcon Corporation a developer of 3D volumetric display technologies that are designed to produce 360-degree volumetric high-resolution images, announced today that it has entered into an agreement to merge with Coretec Industries LLC, a supplier of commercialized technologies, products, and services solutions for energy-related industries such as oil & gas, renewable energy, distributed energy and power generation.
In June 2019, Voxon, a leading manufacturer of volumetric displays, launched the Voxon Z3D a commercial volumetric display. The Z3D's unusual and captivating visual presence (think holograms from science fiction) in true 3D, according to the group, has brought what has always been dreamed to reality. Voxon's Z3D has given gaming a whole new dimension.
Market Drivers
- Increasing Demand of Volumetric Displays for Medical Imaging
- Growing Demand of Volumetric Displays for Simulations
Market Trend
- Increasing R&D Spending on Development of Better Volumetric Displays
- Growing Number of Start-Ups in The Manufacturing of Volumetric Display
Restraints
- Availability of Alternative Technologies Like AR
Opportunities
Increasing Span Of 3d Device Market Will Boost the Demand of Volumetric Displays and Growing Applications of Volumetric Displays Across Industries
Challenges
High Cost Associated with Volumetric Displays and Lack of Skilled Workforce in The Manufacture of Volumetric Display
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Volumetric Display Study Sheds Light on
— The Volumetric Display Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Volumetric Display industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Volumetric Display industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.