Holographic Display Market Size, Insights, Growth Rate, Trends Analysis And Forecast To 2033
Posted by Sushmitha on May 30th, 2024
Overview and Scope
A holographic display refers to a display technology that produces three-dimensional images by using light diffraction, interference, and wavefront reconstruction. Holographic displays are used to create depth perception and realistic visuals, offering immersive and lifelike visual experiences for various applications like entertainment, medical imaging, and engineering design.
Sizing and Forecast
The holographic display market size has grown exponentially in recent years. It will grow from .70 billion in 2023 to .06 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to automotive HUDS (heads-up displays), decreasing cost of components, rising adoption in medical imaging, and growing demand in the entertainment industry.
The holographic display market size is expected to see exponential growth in the next few years. It will grow to .49 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to increasing demand for 3D visualization, rising adoption in gaming and entertainment, growing advertising and marketing applications, increasing investments in smart glasses, and demand for portable and lightweight displays. Major trends in the forecast period include technological innovations, integration with IoT and smart home systems, the emergence of wearable holographic devices, advancements in medical imaging, and advancements in medical imaging.
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Segmentation & Regional Insights
The holographic display market covered in this report is segmented –
1) By Components: Light Modulator, Lens, Scanner, Digital Micrometer, Monitor
2) By Dimension: Two-dimensional (2D), Three-dimensional (3D), Four-dimensional (4D)
3) By Technology: Electro-Holographic, Laser, Touch, Piston
4) By End Users: Consumer Electronics, Retail, Media And Entertainment, Military And Defense, Healthcare, Automotive, Other End-users
North America was the largest region in the holographic display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the holographic display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The expansion of the automotive industry is expected to boost the growth of the holographic display market going forward. The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. The automotive industry is expanding due to increasing demand for urban mobility, technological innovations, and government initiatives promoting sustainable transportation solutions. Holographic displays in the automotive industry enhance driver assistance systems and provide immersive experiences for navigation and entertainment. They are used in head-up display (HUD) systems to project essential driving information directly onto the windshield or a transparent screen in the driver's line of sight. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, global motor vehicle production in 2022 totaled 85.4 million units, marking a significant 5.7% rise compared to 2021. Therefore, the expansion of the automotive industry is driving the growth of the holographic display market.
Key Industry Players
Major companies operating in the holographic display market are Infinite Z Inc., Zebra Imaging Inc., Hypervsn, Magic Leap Inc., Holotech Switzerland AG, Ostendo Technologies Inc., Eon Reality Inc., WayRay AG, Base Hologram, Displair Inc., Kino-mo Ltd., Leia Inc., Portl Inc., Light Field Lab Inc., Provision Holding Inc., Voxon Photonics, Holografika Kft., Realfiction Holdings AB, Holoxica Ltd., Geola Digital Ltd., HOLOEYE Photonics AG, MDH Hologram Ltd., Lumii Inc., Realview Imaging Ltd., Looking Glass Factory Inc.
The holographic display market report table of contents includes:
1. Executive Summary
2. Multichannel Marketing Hubs Market Characteristics
3. Multichannel Marketing Hubs Market Trends And Strategies
4. Multichannel Marketing Hubs Market - Macro Economic Scenario
5. Global Multichannel Marketing Hubs Market Size and Growth
....
32. Global Multichannel Marketing Hubs Market Competitive Benchmarking
33. Global Multichannel Marketing Hubs Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Multichannel Marketing Hubs Market
35. Multichannel Marketing Hubs Market Future Outlook and Potential Analysis
36. Appendix
