Holographic Display Market Definition And Segments
A holographic display refers to a display technology that produces three-dimensional images by using light diffraction, interference, and wavefront reconstruction. Holographic displays are used to create depth perception and realistic visuals, offering immersive and lifelike visual experiences for various applications like entertainment, medical imaging, and engineering design.
The main types of holographic display components are light modulators, lenses, scanners, digital micrometers, and monitors. A light modulator is a device that controls the intensity, phase, or polarization of light waves. The various dimensions involved are two-dimensional (2D), three-dimensional (3D), and four-dimensional (4D), with several technologies included, such as electro-holographic, laser, touch, and piston. It is used by various end users, such as consumer electronics, retail, media and entertainment, military and defense, healthcare, automotive, and others.
The holographic display market covered in this report is segmented –
1) By Components: Light Modulator, Lens, Scanner, Digital Micrometer, Monitor
2) By Dimension: Two-dimensional (2D), Three-dimensional (3D), Four-dimensional (4D)
3) By Technology: Electro-Holographic, Laser, Touch, Piston
4) By End Users: Consumer Electronics, Retail, Media And Entertainment, Military And Defense, Healthcare, Automotive, Other End-users
The holographic display market size has grown exponentially in recent years. It will grow from $1.70 billion in 2023 to $2.06 billion in 2024 at a compound annual growth rate (CAGR) of 21.3%. The growth in the historic period can be attributed to automotive HUDS (heads-up displays), decreasing cost of components, rising adoption in medical imaging, and growing demand in the entertainment industry.
The holographic display market size is expected to see exponential growth in the next few years. It will grow to $4.49 billion in 2028 at a compound annual growth rate (CAGR) of 21.5%. The growth in the forecast period can be attributed to increasing demand for 3D visualization, rising adoption in gaming and entertainment, growing advertising and marketing applications, increasing investments in smart glasses, and demand for portable and lightweight displays. Major trends in the forecast period include technological innovations, integration with IoT and smart home systems, the emergence of wearable holographic devices, advancements in medical imaging, and advancements in medical imaging.
Automotive Industry Expansion Propels The Holographic Display Market
The expansion of the automotive industry is expected to boost the growth of the holographic display market going forward. The automotive industry encompasses all companies and activities involved in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. The automotive industry is expanding due to increasing demand for urban mobility, technological innovations, and government initiatives promoting sustainable transportation solutions. Holographic displays in the automotive industry enhance driver assistance systems and provide immersive experiences for navigation and entertainment. They are used in head-up display (HUD) systems to project essential driving information directly onto the windshield or a transparent screen in the driver's line of sight. For instance, in May 2023, according to the European Automobile Manufacturers Association, a Belgium-based automobile manufacturers association, global motor vehicle production in 2022 totaled 85.4 million units, marking a significant 5.7% rise compared to 2021. Therefore, the expansion of the automotive industry is driving the growth of the holographic display market.
Major companies operating in the holographic display market are Infinite Z Inc., Zebra Imaging Inc., Hypervsn, Magic Leap Inc., Holotech Switzerland AG, Ostendo Technologies Inc., Eon Reality Inc., WayRay AG, Base Hologram, Displair Inc., Kino-mo Ltd., Leia Inc., Portl Inc., Light Field Lab Inc., Provision Holding Inc., Voxon Photonics, Holografika Kft., Realfiction Holdings AB, Holoxica Ltd., Geola Digital Ltd., HOLOEYE Photonics AG, MDH Hologram Ltd., Lumii Inc., Realview Imaging Ltd., Looking Glass Factory Inc.
Advancements In Portable Holographic Displays
Major companies operating in the holographic display market are focusing on the development of advanced products, such as portable holographic displays, to boost their revenues in the market. A portable holographic display refers to a compact device that generates three-dimensional (3D) holographic images or visual effects without the need for specialized glasses or viewing aids. It provides numerous benefits, such as space-saving design, improved communication, increased engagement, versatile applications, and enhanced mobility. For instance, in December 2023, Looking Glass Factory Inc., a US-based 3D design services company, launched Looking Glass Go, a holographic display that folds up into a pocket-sized device that is incredibly portable. This portable holographic display merges high-resolution holograms with the creative prowess of AI. Looking Glass Go, which shrinks the holographic experience down to the size of a cell phone, claims to make it easier and more accessible to convert 2D and 3D visuals, including ChatGPT characters, into vivid, lifelike holographic projections. Leveraging the technology of this equipment, several viewers can view holograms simultaneously in 3D without the use of headsets or head-tracking technology.
Weisman Worldwide Entertainment And Hypervsn Partner To Bring Immersive Holographic Display Technology
In April 2023, Weisman Worldwide Entertainment, a US-based holographic media company, partnered with Hypervsn to bring immersive holographic display technology to a wider audience. This partnership aims to revolutionize various industries, including entertainment, education, healthcare, and manufacturing, by providing high-quality business solutions and immersive experiences through Hypervsn's proprietary hardware and software suite. Hypervsn is a UK-based developer of an integrated 3D holographic display platform.
North America was the largest region in the holographic display market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the holographic display market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the holographic display market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The holographic display market consists of revenues earned by entities by providing services such as event experiences, product demonstrations, training simulations, interactive presentations, and visualization solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. The holographic display market also includes sales of holographic touchscreens, holographic projection systems, holographic headsets, and holographic projectors. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The holographic display market research report is one of a series of new reports from The Business Research Company that provides holographic display market statistics, including holographic display industry global market size, regional shares, competitors with a holographic display market share, detailed holographic display market segments, market trends and opportunities, and any further data you may need to thrive in the holographic display industry. This holographic display market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.