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2021
Holographic Display Market

Holographic Display Market By Component (Light Modulator, Scanner, Lens, Digital Micrometer, and Monitor), Technology (Electro-holographic, Touchable, Laser, and Piston), Dimension (2D, 3D, and 4D), End Use (Camera, Digital Signage, Medical Imaging [CT & MRI, and UT], Smart TV, Laptops, and Others), and Industry Vertical (Consumer Electronics, Retail, Medical, Industrial, Defense, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030
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A12501
Pages: 285
Jul 2021 | 3332 Views
Author(s) : Ruchal Humbare , Vineet Kumar
Tables: 173
Charts: 66
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COVID-19

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Holographic Display Market Outlook – 2030 

The global holographic display market size was valued at $1.13 billion in 2020, and is projected to reach $11.65 billion by 2030, registering a CAGR of 29.1% from 2021 to 2030. A holographic display is a display that uses coherent light to create a three-dimensional image in space. It has the ability to create the illusion of 3D objects in volumetric space by engaging all four visual functions, binocular disparity, motion parallax, accommodation, and convergence. True holographic displays require control over light and a large amount of significantly smaller pixels. 

The COVID-19 impacted negatively on electro-holographic segment.

There is a wide range of practical possibilities of use of holographic displays in different sectors, including engineering, medical technology, pharmaceutical, food & beverages, telecommunications, automotive, entertainment, and others. These displays are highly beneficial for products, processes, and procedures that require a lot of explanation profit innovatively.

Holographic-Display-Market--2021-2030

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Surge in demand for holographic displays for medical applications, such as endoscopy and X-ray, is the prime reason that drives the growth of the holographic display industry during the forecast period. Further, higher adoption rate of holographic displays for advertising and events accelerates the holographic display market growth rapidly. Moreover, holographic displays can be customized according to industry-specific needs, which is opportunistic for the market growth. Considering these factors, the market is estimated to experience gradual growth in future.

Adoption of holographic displays in high-end cars offers a lucrative growth opportunity for the holographic display market during the forecast period. However, high cost of displays and lack of awareness about holographic display act as major restrains for the market growth. 

Emergence of the global pandemic has acted as a prime drawback for manufacturing and selling industries. COVID-19 pandemic has adversely impacted the holographic display market as huge workforce of enterprises across the globe is working from home. This has led to decline in advertising expenditure, which, in turn, reduced the demand for holographic displays. 

Holographic Display Market
By Component

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Lens segment will dominate the market during the forecast period

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Segment Overview

The holographic display market is segmented into component, technology, dimension, end use, industry vertical, and region. On the basis of component, it is fragmented into light modulator, scanner, lens, digital micrometer, and monitor. The lens segment dominated the market, in terms of revenue in 2020, and is expected to follow the same trend during the forecast period. On the basis of technology, the market is segregated into electro-holographic, touchable, laser, and piston. The electro-holographic segment dominated the market, in terms of revenue in 2020, and is anticipated to witness significant market share during the forecast period. 

Holographic Display Market
By Technology

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Electro-holographic segment will maintain the lead during 2021 - 2030

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By dimension, the market is divided into 2D, 3D, and 4D. The market share for the 3D segment was the highest in 2020, and is expected to grow at a high CAGR from 2021 to 2030. By end use, the market is divided into camera, digital signage, medical imaging, smart TV, laptops, and others. The medical imaging segment is further sub-segmented into CT (computed tomography) & MRI (magnetic resonance imaging) and UT (ultrasound testing). The market share for the CT & MRI segment was highest in 2020 and the UT segment is expected to grow at a high CAGR from 2021 to 2030. Based on industry vertical, the market is categorized into consumer electronics, retail, medical, industrial, defense, and others. The market share for the medical segment was the highest in 2020 while the others segment is expected to grow at a high CAGR from 2021 to 2030.

Holographic Display Market
By Dimension

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3D segment will generate the highest revenue during the forecast period

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Region-wise, the holographic display market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Italy, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, and Rest of Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). The Asia-Pacific holographic display market is expected to grow at the highest rate during the forecast period. 

Holographic Display Market
By End Use

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Smart TV segment will grow at a highest CAGR of 34.3% during the forecast period

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Top Impacting Factors

Significant factors that impact the growth of the holographic display market include surge in demand for holographic displays in medical industry and higher adoption rate of holographic displays for advertising and events. However, high cost of displays and lack of awareness about holographic display hamper the market growth. On the contrary, automotive sector poses lucrative opportunities for holographic displays during the forecast period.

Holographic Display Market
By Industry Vertical

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Medical segment is expected to secure the leading position during 2021 - 2030

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Competitive Analysis

Competitive analysis and profiles of the major market players, such as HoloTech Switzerland AG (Switzerland), Holoxica Ltd (UK), HYPERVSN (UK), Leia Display System (Poland), MDH Hologram Ltd. (UK), Provision Holdings Inc. (U.S.), Qualcomm (U.S.), Realfiction (Sweden), Realview Imaging Ltd. (Israel), and ViewSonic Corporation (U.S.), are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.

Holographic Display Market
By Region

2030
North America 
Europe
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 33.2% during 2021 - 2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the holographic display market along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall holographic display market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current holographic display market forecast is quantitatively analyzed from 2020 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the market.
  • The report includes the holographic display market share of key vendors and market trends.

Holographic Display Market Key Segments

By Component

  • Light Modulator
  • Scanner
  • Lens
  • Digital Micrometer
  • Monitor

By Technology

  • Electro-holographic
  • Touchable
  • Laser 
  • Piston

By Dimension

  • 2D
  • 3D
  • 4D

By End Use

  • Camera
  • Digital Signage
  • Medical Imaging
  • CT & MRI
  • UT
  • Smart TV
  • Laptops
  • Others    

By Industry Vertical

  • Consumer Electronics
  • Retail
  • Medical
  • Industrial
  • Defense
  • Others

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Latin America
    • Middle East
    • Africa

Key Market Players

  • HoloTech Switzerland AG (Switzerland)
  • Holoxica Ltd (U.K.)
  • HYPERVSN (UK)
  • Leia Display System (Poland)
  • MDH Hologram Ltd. (U.K.)
  • Provision Holdings Inc. (U.S.)
  • Qualcomm (U.S.)
  • Realfiction (Sweden)
  • Realview Imaging Ltd. (Israel)
  • ViewSonic Corporation (U.S.)
 

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Holograms have been inspiring us since their invention. The unique feature of a hologram is that it allows the user to experience the real and virtual worlds simultaneously. This has paved the way for the development of holographic displays. Many companies witness considerable investments in developing holography technology to commercialize it. Although investments of installing holographic display are significantly high, it is estimated to be lowered with technological development in the coming years.

Industry experts believe that the holographic display delivers the most realistic visual representation of our reality. Market players are looking to launch new products to strengthen their market position. For instance, in 2020, Samsung developed a prototype thin-panel device that can display 4k resolution 3D images with a wide viewing angle. The device’s holographic display allows high-resolution 3D videos to be viewed from various angles and is so thin it can be incorporated into a smartphone. This is a key development for the market growth.

Besides, leading market players are keen to develop associated technologies to increase the market penetration for various applications. For instance, in 2020, Looking Glass Factory announced that its display technology would support the UE4 plugin to enable the content creators to visualize designs using its holographic displays. The new feature is suitable to be used in a range of industries such as automotive, architecture, mapping/GIS, and medical imaging

The key players profiled in the report include HoloTech Switzerland AG (Switzerland), Holoxica Ltd (UK), HYPERVSN (UK), Leia Display System (Poland), MDH Hologram Ltd. (UK), Provision Holdings Inc. (U.S.), Qualcomm (U.S.), Realfiction (Sweden), Realview Imaging Ltd. (Israel), and ViewSonic Corporation (U.S.).

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FREQUENTLY ASKED QUESTIONS?

A. The Holographic Display Market is estimated to grow at a CAGR of 29.1% from 2021 to 2030.

A. The Holographic Display Market is projected to reach $11.65 billion by 2030.

A. To get the latest version of sample report

A. Higher adoption rate of holographic displays for advertising and events, and rising demand in medical applications etc. boost the Holographic Display market growth.

A. The key players profiled in the report include HoloTech Switzerland AG (Switzerland), Holoxica Ltd (UK), HYPERVSN (UK), Leia Display System (Poland), and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The Holographic Display Market is segmented on the basis of component, technology, dimension, end use, industry vertical, and region.

A. The key growth strategies of Holographic Display market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Light Modulator segment would grow at a highest CAGR of 32.6% during the forecast period.

A. Electro-holographic segment will dominate the market by the end of 2030.

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