Market Highlights
The holographic display market witnesses a continual rise in revenues. The market growth attributes to the vast adoption of these displays in rapidly growing end-user industries, such as healthcare, education, aerospace, and others. Besides, increasing technological advancements and the proliferation of smartphones offer significant growth opportunities.
With rising upgrades in technology and enhancements in display technologies, the market is projected to garner significant traction in the years to come. In this regard, Market Research Future (MRFR) asserts that the global holographic display market is expected to reach exponential heights by 2027, registering a staggering CAGR during the review period (2020 - 2027).
Additional factors bolstering the market growth include spreading awareness about the benefits of holographic display technology in medical education, research, and academic medical centers. Moreover, the increases in the adoption of these displays by surgeons and biomedical researchers substantiate the growth of the market.
On the other hand, high investments required for the initial set up of equipment and devices are major factors impeding the market progress. Nevertheless, the emergence of new technologies would support the market growth over the review period.
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Segmentation:
MRFR analysis is segmented into technology, product type, application, end-users, and region. The technology segment is sub-segmented into semitransparent, touchable, laser, and piston. The product type segment is sub-segmented into camera, digital signage, kiosks, medical imaging equipment, smart TVs, and others.
The application segment is sub-segmented into 3D image projection, image storage, image replication, scanning & detecting of scattered light, real-time non-destructive testing. The end-users segment is sub-segmented into healthcare, media & entertainment, defense & aerospace, educational sector, automobile, manufacturing, and others. The region segment is sub-segmented into North America, Europe, APAC, and the Rest-of-the-World.
Global Holographic Display Market – Geographical Analysis
North America dominates the global holographic display market. The largest market share attributes to the increasing biomedical research initiatives, technological advancements, and adoption of holographic products (devices) by research academics centers and laboratories.
Besides, the increase in uptake of holographic technology in medical training and surgeries substantiates the market growth. Due to the strong presence of matured players and a well-developed healthcare sector, the US accounts for a considerable share in the holographic display market.
Europe stands second in terms of the holographic display market revenue. Factors such as growing R&D activities and new product launches foster the market growth. Moreover, rapid strategic initiatives such as collaborations and partnerships among major market players in the region fuel the market growth. The European holographic display market is expected to demonstrate healthy growth during the review period.
The holographic display market in the Asia Pacific region is emerging as a lucrative market globally. Factors such as the ever-increasing population, especially in India and China, impact the market growth positively. Japan holds the largest market share, whereas China is poised to be the fastest-growing market due to its large manufacturing base and increased demand from the construction sector.
Global Holographic Display Market – Competitive Analysis
The market appears to be competitive & fragmented owing to the presence of several matured players forming a competitive landscape. Mergers & acquisitions, product & technology launch, and collaboration remain key strategies of market players to gain a larger competitive advantage.
Major Players:
Eminent leaders in the market include Eon Reality Inc. (US), AV Concepts (US), Konica Minolta Inc. (Japan), Zebra Imaging (US), Qualcomm (US), Holoxica (US), Provision Holdings Inc. (US), Musion Das Hologram Ltd. (UK), Realview Imaging Ltd. (Israel), and ViewSonic Corp. (US), among others.
Industry/Innovation/Related News:
May 18, 2021 --- DVEholographics announced a new hologram meeting experience that requires no dedicated production studios and projectors to create High Dynamic Range (HDR) hologram images of people while conferencing. Using this technology, significant cost savings and exponential growth are achievable. It also empowers users familiar with videoconferencing apps to instantly call in from home and remote offices and be seen as live holograms at our co-working partner sites worldwide.
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holographic display market research report: by technology (semitransparent, touchable, laser), product type (camera, kiosks), application (3D image projection, image storage), end-users (healthcare, educational sector, aerospace) – Forecast till 2027
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