Menu ×

ELECTRONICS & SMART DEVICES

Holographic Display Market Segmentation By Technology (Touchable, Semi-Transparent or Electro, Pistons and Laser or Plasma Holographic); and By End User (Consumer Electronics, Commercial, Aerospace & Defense, Medical and Industrial) – Global Demand Analysis & Opportunity Outlook 2027

  • Text Size:

Extensive insights into the Growth of Holographic Display Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

Read More
IN THE NEWS
  • August 2019: Light Field Lab, a display technology startup, have announced that it has raised $28 US million in funding in order to build large holographic displays.

Introduction to Holographic Displays

Holographic displays are a type of 3D display which uses coherent light to project the object or scene virtually in real space. It allows the viewer to look around objects and see them from a different perspective as they would in real life. The viewer experiences more comfortable and naturalistic viewing without all the intricacies associated with stereo 3D display.

Holographic displays works on the principle which involves a technique that allows a light field to be recorded and later reconstructed when the original light field is no longer present due to the absence of the original objects. Holography is actually the advanced version of photography, which allows an image to record in three dimensions. Holography techniques are also used to optically store, process and retrieve information.

Market Size and Forecast

The holographic display market is observing vibrant growth on account of increasing use of holographic displays in medical imaging, coupled with rising demand for holographic projections at events, fashion shows, conferences, product launch ceremonies and others. All of these factors are expected to boost the growth of the holographic display market.

The market is anticipated to record a CAGR of around 28.48% throughout the forecast period, i.e. 2019-2027. The holographic display market is segmented by end user into consumer electronics, commercial, aerospace and defense, medical and industrial, out of which, the commercial segment is anticipated to hold largest market share on account of growing direct spending from commercial business events held worldwide. According to Events Industry Council, which is a non-profit federation of more than thirty U.S. and international organizations, stated that business events generated more than $1.07 trillion USD of direct spending in the year 2017.

Business Events Spending

Growth Drivers

Increasing Investments in 3D technology

Various technology giants have been instrumental in aiding the emergence of holographic devices. Various real holographic reconstruction application places objects where they belong in the real world and not near a display screen. Increasing investments in 3D technology by enterprises coupled with focus of enterprises towards projection of holographic 3D (H3D) into space using tailored micro displays for HMD and HUD applications and others, is anticipated to support the growth of the holographic display market.CLICK TO DOWNLOAD SAMPLE REPORT

Holographic Display Market Share Graph

Rising Technological Advancements In Screen-Less Displays

Growing advancements in screen-less displays owing to shortfall of space, on screen based displays, is increasing the scope for holographic displays. Factors such as augmented reality is also adding up to the demand for screen-less displays. One such type of screen-less display is known as the visual image, which acknowledges any type of image or thing with the help of human eye. Holographic displays display the three dimensional images by using elements such as helium neon laser.

Growing Demand For Incorporating Holographic Display Technologies in Medical Applications

The global medical holography is anticipated to record a CAGR of around 30.4% during the forecast period. Increasing applications of medical holography for various processes in the healthcare industry, such as X-Ray, endoscopic, and others are expected to drive the holographic display market. Additionally, growing R&D activities for technological advancements in medical devices, coupled with other medical applications such as holographic light-in-flight recording methods, diffractive bifocal intraocular lens for geriatric population and others, all of these factors are anticipated to support the growth of the holographic display market throughout the forecast period.

Restraints

High Assembling Costs of Holographic Display Devices

Manufacturing and fabrication of holographic devices involves high cost, which might prove cost-intensive for smaller companies. Owing to such a factor, it is anticipated that product prices might seem expensive for consumers across underdeveloped nations, thus acting as a barrier to the growth of the holographic display market during the forecast period.

Market Segmentation

Our in-depth analysis of the holographic display market includes the following segments:

By Technology

  • Touchable Holographic
  • Semi-Transparent or Electro Holographic
  • Pistons Holographic
  • Laser or Plasma Holographic

By End User

  • Consumer Electronics
  • Commercial
  • Aerospace & Defense
  • Medical
  • Industrial

By Region

On the basis of regional analysis, the holographic display market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

Asia-Pacific is expected to have largest market share on the back of presence of key players in the consumer electronics industry. Furthermore, presence of economies, such as China, Taiwan, South Korea and others, in the region, are also known for their expertise in technological advancements of consumer electronics, which is anticipated to support the growth of the market in the region.

Additionally, North America is expected to gain significant market share on the back of expanding medical requirements in medical devices and instruments. Furthermore, growing healthcare industry in the region is also anticipated to support the growth of the market in the region.

The zero waste packaging market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis.

Top Featured Companies Dominating the Market

  • Konica Minolta, Inc.
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Eon Reality Inc.
  • Holoxica Ltd.
  • Provision Holding, Inc.
  • Realfiction
  • AV Concepts, Inc.
  • Magic Holo
  • RealView Imaging Ltd.
  • DigiLens Inc.
  • Looking Glass Factory, Inc.

 


Related Reports


Disclaimer | Privacy Policy | Terms & Conditions

Copyright © 2020 Research Nester. All Rights Reserved