Holographic Display Market size is poised to reach USD 21 Billion by the end of 2036, growing at a CAGR of 27% during the forecast period, i.e., 2024-2036. In the year 2023, the industry size of holographic display was USD 2 Billion. The reason behind the growth is impelled by the growing IT and Telecom sectors across the globe. Over the past few years, the telecom market has grown significantly quicker owing to a massive increase in data traffic on telecom networks, an increase in the demand for digital transformation in enterprises, and an increase in our reliance on technology daily. According to estimates, by 2030, the world's telecommunications market is projected to reach over USD 2 trillion.
The growing advancements in holographic technology are believed to fuel the holographic display market growth. Researchers offer a novel technique that uses deep learning to convert two-dimensional colorful images into three-dimensional holograms, which makes holograms extremely beneficial in a variety of industries, such as virtual reality, manufacturing, and medical imaging.
Growth Drivers
Challenges
|
Base Year |
2023 |
|
Forecast Year |
2024-2036 |
|
CAGR |
~27% |
|
Base Year Market Size (2023) |
~ USD 2 Billion |
|
Forecast Year Market Size (2036) |
~ USD 21 Billion |
|
Regional Scope |
|
End-User (Pharmaceutical & Biotechnology Companies, Research Organizations, Academic Medical Centers, Hospitals, Consumer Electronics, Automotive, Security)
The pharmaceutical & biotechnology companies segment is estimated to hold 45% share of the global holographic display market in the coming years owing to the growing usage of holographic technology. One of the most promising uses of holography in the medical field is medical holography, which has expanded into the medical sciences, medical research, and medical education. Extended reality (XR) technology which is an advanced imaging technology that produces detailed imagery suitable for various uses, includes holographic Displays systems. Holograms are already standard equipment in the pharmaceutical sector owing to their vast ability to visualize a patient's body in three dimensions at high resolution helps improve human communication. In addition, holographic Display, which can be applied to the medical field, the military, the transportation industry, and many other sectors, is the real-time capture, encoding, transferring, and rendering of 3D representations.
Type (Electro-Holographic, Laser, Touchable)
The electro-holographic segment in the holographic display market is set to garner a notable revenue share owing to the growing need for public communication networks for more bandwidth. Shorter download times are the result of being able to attain a greater data transmission rate, which is made possible by having a larger bandwidth which ensures smoother network performance by enabling faster data transmission and eliminating latency. One intriguing technique for achieving ultra-realistic communication is electrical holography, which can convert optics to electronics and has built-in monitoring and management capabilities, that can support an intelligent lambda-switching solution.
Dimension (2D, 3D)
The 3D segment in the holographic display market is poised to garner a noteworthy share. These three-dimensional depictions are displayed in XR headsets as 3D video or stereoscopic images, creating a holographic-like visual impression that offers a more dependable and realistic immersion for the metaverse. Holographic imaging, holographic coding, and holographic projection are all part of a 3D holographic display system, which encompasses the transfer of a three-dimensional picture or video from the source to the destination, and can transmit and display 3D images in high resolution while realizing the functionality of the 3D holographic display system.
Our in-depth analysis of the global holographic display market includes the following segments:
|
Type |
|
|
Dimension |
|
|
Holographic Images |
|
|
Technology |
|
|
End-User |
|
North American Market Forecast
Holographic display market in North America is predicted to account for the largest share of 40% by 2036 impelled by the rising adoption of advanced technologies such as AR and VR. Holographic display is now more feasible and accessible since businesses are starting to use virtual reality and augmented reality (VR/AR) solutions in the region which is an exciting method to see and interact with rich information about the world. For instance, by 2022, there were more than 15% more AR users in the US. In addition, in the US, the education industry is flourishing owing to large expenditures in educational technologies, advancements in technology, and shifting preferences for online education
European Market Statistics
The Europe holographic display market is estimated to be the second largest, during the forecast timeframe led by the growing aerospace and defense sector. Europe's defense and aerospace industries are expanding with a significant increase in defense budget a growing need for both military and commercial aircraft, and the presence of some of the biggest aerospace businesses worldwide.
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?