Volumetric Display Market growing at a CAGR of 29.5% from 2023 to 2030

Ongoing developments in lasers, optics, and electronics have led to the emergence of volumetric displays, which enable multiple viewers to look at the image simultaneously from different perspectives without needing special eyewear gadgets.

Demand for this technology is rising in the defense industry across developed countries such as the U.S., the UK, and Japan, due to its wide adoption in creating awareness in education and battlefield monitoring applications. The governments of these countries are significantly investing in advanced technologies to strengthen their defense capabilities. For instance, the U.S. government has proposed a nearly USD 738.0 billion budget for the defense sector for 2020, around 3.0% more than in 2019. Thus, substantial growth in defense budgets across key countries is estimated to spur demand over the forecast period.

Consumers across the globe are changing their preferences from traditional 3D displays to volumetric 3D displays. This shift is due to the inherent advanced features of the latter, such as visualization of holographic aerial images in free space, a 360° spherical viewing angle, autostereoscopic capabilities, and motion-based depth cues. The volumetric display provides better resolution, an improved user viewing experience through several visual effects, and a real-time 3D experience, which is expected to boost market growth over the forecast period. Several industries, including military and defense, aerospace, healthcare, media, and entertainment, have upped the adoption of volumetric displays in various applications such as patient surgery, research and development, and media marketing. This factor is anticipated to fuel growth further.

Volumetric Display Market Report Scope