The Asia Pacific Volumetric Display Market would witness market growth of 26.1% CAGR during the forecast period (2021-2027).
The demand for a better gaming experience has exploded in popularity among gamers all around the world in recent years. Without any gadget on the gamer's body, volumetric displays provide a 360° view of 3D gaming. Furthermore, prominent market players such as Voxon Photonics are aggressively pursuing the introduction of novel 3D displays for gaming applications in a number of nations. As a result, rising consumer demand and significant investments in manufacturing by leading market competitors are expected to propel market expansion. The volumetric display is made up of several different parts, including a motor, projector, sensors, and laser systems.
The growing need for volumetric display technology in the military sector in developed countries is likely to provide new profitable opportunities, leading the volumetric display market to rapid growth. These countries' defense budgets have likewise climbed dramatically. Other opportunities emerge as a result of the increased preference for better gaming experiences among gamers all over the world. A 360-degree perspective of 3D gaming is provided via volumetric displays. In the future, expanding R&D as well as developments in volumetric displays in surgery and telemedicine will open more growth prospects.
Growing R&D investments for creating sophisticated volumetric display technologies in the near future are likely to generate several opportunities in the next years, particularly in emerging economies such as India and China. Due to the general rising use of volumetric displays in consumer electronics such as mobile phones, televisions, and computers, the market in the Asia Pacific is expected to develop the most throughout the forecast period. Furthermore, a substantial number of elderly people suffering from cardiovascular illnesses, which necessitate the use of imaging techniques for diagnosis, is expected to drive market growth in this area.
The overall electronic market has undergone substantial changes in recent decades, such as the shift of production from high-cost to low-cost locations, creating a key source of growth and progress for Asian countries. As a result of the reallocation of electronics production, China has risen to the top of the market. China's electronics production has expanded by about 35% during the last three decades (from 2.6 percent in 1995 to 37 percent in 2018).
The China market dominated the Asia Pacific Volumetric Display Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $61,261.7 Thousands by 2027. The Japan market is poised to grow at a CAGR of 25.3% during (2021 - 2027). Additionally, The India market would showcase a CAGR of 26.8% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Volumetric Display Market is Projected to reach USD 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.
By Type
By End-use
By Country
Our team of dedicated experts can provide you with attractive expansion opportunities for your business.
Unique Offerings 