According to the research report titled ‘Global Volumetric display Market Size study, by Display Type Outlook (Static-volume display, Swept-volume display) by End-use Outlook (Medical, Aerospace & Defence, Automotive, Media, Communication & Entertainment, Education & Training, Other) and Regional Forecasts 2021-2027’, available with Market Study Report, global volumetric display market size was remunerated USD 0.22 billion in 2020 and is expected to multiply at a CAGR of  34.8% over 2021-2027, subsequently reaching USD 1.78 billion by the end of the forecast period.
 

Significant expansion of defense vertical and growing usage of the product in medical sector are fueling global volumetric display market growth. Besides, widespread adoption of the product in gaming industry is significantly contributing to the market development.
 

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For the unaware, a volumetric display device is a graphical interface device that provides a three-dimensional visual representation of an object, as opposed to flat displays on ordinary screens, which mimic depth through various visual impacts.
 

The military industry in strong economies such as Japan, the United Kingdom, and the United States has seen a boom in demand for this technology due to its widespread use in vocational training and warfare surveillance applications.
 

In fact, the US administration reported military budget of USD 738.0 billion in 2020, which is 3% up from the budget in 2019. Thus, leading nations increasingly spending on defense is likely to augment worldwide volumetric display industry share over the study period.
 

Speaking of medical diagnosis, images from MRIs, x-rays, and CAT scans are shown on volumetric displays. The physicians engage with the imagery in its original 3D form rather than viewing it slice by slice as a series of 2D images. 
 

On the downside, requirement of large bandwidth which complicates manufacturing and increases the cost of production processes is anticipated to hamper the remuneration scope of the industry.
 

Regionally, North America volumetric display industry is expected to amass modest revenue through 2027, owing to increasing US defense expenditure to deploy innovative technology for military simulation and training applications.
 

Meanwhile, Asia Pacific market is projected to amplify over the coming years, creditable to changing consumer preferences towards high-tech gaming in economies like Australia, China, and India. Furthermore, despite significant foreign direct investment (FDI), growing consumer electronics manufacturing is predicted to boost production and utilization of these displays, adding to the regional market outlook.
 

Top companies in global volumetric display marketplace are Alioscopy, Zebra Imaging, Actuality Systems Inc., Soscho GmbH, Holoxica Ltd., Burton Inc., 3DIcon Corporation, The Coretec Group Inc., Voxon Photonics Pty Ltd., and LightSpace Technologies Inc.