Global Holographic Display Market to Reach US$ 13.4 Billion by 2032, Impelled by Growing Popularity of Video Games

According to the latest report by IMARC Group, titled "Holographic Display Market Report by Component (Lens, Scanner, Light Modulator, Digital Micrometer, Monitor), Technology (Electro Holographic, Touchable, Laser, Piston), Dimension (2D, 3D, 4D), Application (Camera, Digital Signage, Medical Imaging, Smart TV's/Holo TV's, Notebook and Laptop, and Others), End User (Consumer Electronics, Retail, Medical, Media and Entertainment, Defense, Automotive, and Others), and Region 2024-2032," the global holographic display market size reached US$ 2.2 Billion in 2023. A holographic display is a display technology that creates a realistic three-dimensional (3D) image from a two-dimensional surface. It is based on the principles of diffraction and interference of light that creates a holographic illusion and is widely utilized in various forms. It is typically used for applications, such as virtual reality, augmented reality, 3D imaging, and interactive displays. Additionally, it uses light from a variety of sources, including lasers, LEDs, and projectors, to construct the images. The light is manipulated and diffracted in order to create a realistic three-dimensional images. The most common type of holographic display is called a volumetric display, which uses light to create a three-dimensional image in the air. This is done by projecting light onto a series of tiny mirrors that move in synchronization, creating a three-dimensional image in the air. Moreover, it is employed in several industries as an effective advertising and marketing tool to improve sales and generate brand attention. It is also used to create virtual reality environments, allowing users to interact with the environment in a realistic manner.

Global Holographic Display Market Trends:

The escalating demand for holographic displays in events and advertisements majorly drives the global market. Coupled with the rising product utilization in kiosks, digital signs, point-of-sale terminals, and billboards, this is a major driving factor. Along with this, the increasing utilization of holographic displays in medical imaging to create a realistic three-dimensional view of the human body, or in engineering, to create a realistic three-dimensional view of a part or component is significantly supporting the market. With, the growing prevalence of chronic diseases and rising access to medical facilities, this is catalyzing the demand for holographic displays in X-rays, endoscopy, and various medical devices. In addition, the widespread adoption of holographic displays in video games to create an immersive and interactive entertainment experience, allowing viewers to explore and interact with their favorite shows and movies, is positively influencing the market. Apart from this, holographic displays are becoming increasingly popular in the automotive industry due to their ability to provide realistic simulations of vehicles and driving environments, which is acting as another growth-inducing factor. Furthermore, key manufacturers are introducing advanced product variants and incorporating micro pistons on a computer monitor, thus improving the overall image quality and creating a positive market outlook. Some of the other factors driving the market include rapid urbanization and continuous technological advancements. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 13.4 Billion by 2032, exhibiting a CAGR of 21.5% during 2024-2032.

Market Summary:

• On the basis of the component, the market has been segmented into lens, scanner, light modulator, digital micrometer, and monitor.
• Based on the technology, the market has been classified into electro holographic, touchable, laser, and piston.
• On the basis of the dimension, the market has been segregated into 2D, 3D, and 4D.
• Based on the application, the market has been bifurcated into camera, digital signage, medical imaging, smart TVs/holo TVs, notebook and laptop, and others.
• On the basis of the end user, the market has been divided into consumer electronics, retail, medical, media and entertainment, defense, automotive, and others.
• Based on the region, the market has been categorized into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
• The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market. Some of the key players include AV Concepts Inc., HoloTech Switzerland AG, Holoxica Limited, HYPERVSN, Konica Minolta Inc., Leia Display System, Looking Glass Factory Inc., MDH Hologram, Qualcomm Incorporated, Realfiction, RealView Imaging Ltd. and ViewSonic Corporation.

Report Coverage:

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