Research Nester has released a report titled “Holographic Display Market – Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the holographic display market in terms of market segmentation by concept type, by material type, by distribution channel and by end-user industry.
Further, for the in-depth analysis, the report encompasses the the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The holographic display market is segmented by end user into consumer electronics, commercial, aerospace & defense, medical and industrial, out of which, the commercial segment is anticipated to hold largest market share on account of rise in the direct spends from commercial business events, which are held worldwide. In the statistics provided by Events Industry Council, in the year 2017, commercial business events generated more than $1.07 trillion USD of direct spending.
The holographic display market is anticipated to record a CAGR of around 28.48% throughout the forecast period. Growing utilization of holographic displays for medical imaging, added with growing demand for technological advancements of display projections at events, fashion shows, conferences, product launch ceremonies and others are some of the notable factors that are estimated to promote the demand for holographic display market throughout the forecast period.
Regionally, the holographic display market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Among these regions, Asia-Pacific is expected to hold largest market share on the back of presence of economies, for instance, China, Taiwan, South Korea and others, who are known for their expertise in the technological advancements of consumer electronics. Moreover, North America is expected to gain significant market share on the back of increasing application of holographic technologies in medical devices and instruments, coupled with the growing healthcare industry in the region.
Growing Demand For Incorporating Holographic Display Technologies in Medical Applications
Holographic Displays are finding increasing applications in the healthcare industry. The technology is implemented in various devices such as X-Ray, endoscopic, and others. Additionally, the global medical holography is anticipated to record a CAGR of around 30.4% during the forecast period. Moreover, rising technical advances in medical equipment developments, coupled with growing R&D activities for development of medical devices and other medical applications, for instance, holographic light-in-flight recording methods, diffractive bifocal intraocular lens for geriatric population and others, all of these factors are anticipated to raise the demand for holographic display market during the forecast period.
However, concerns for high assembling costs of holographic display devices, which might affect smaller manufacturing organizations, added with high end-product cost, which might seem expensive for consumers across underdeveloped nations is expected to operate as key restraint to the growth of the holographic display market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global holographic display market, which includes company profiling of Konica Minolta, Inc. (TYO: 4902), Eon Reality Inc., Holoxica Ltd., Provision Holding, Inc. (OTCMKTS: PVHO), Realfiction, AV Concepts, Inc. (HKG: 0595), Magic Holo, RealView Imaging Ltd., DigiLens Inc., Looking Glass Factory, Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the holographic display market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.