How Has the Holographic TV Market Evolved Historically and What is its Current Size?
The holographic tv market has seen considerable growth due to a variety of factors.
• In recent times, the market size for holographic TVs has expanded dramatically. Its growth is projected to increase from $4.38 billion in 2024, before rising to $5.45 billion the following year, at a compound annual growth rate (CAGR) of a hefty 24.6%.
The surge in growth during the historic period is due to several reasons including the development of content ecosystems, integration of gaming and entertainment, intrinsic smart home integration, enhancements in user experience, and broadening of the target audience.
What is the Forecasted Market Size and CAGR for the Holographic TV Market?
The holographic tv market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the holographic TV market is forecasted to experience remarkable expansion in the coming years, expected to reach $11.96 billion by 2029, growing at a compound annual growth rate (CAGR) of 21.7%.
Factors contributing to this growth during the forecast period encompass the emergence of 3d technology, the evolution of consumer electronics, the impact of the gaming industry, prototyping and proof of concept, and consumer curiosity and acceptance. The forecast period also sees leading trends like the integration of technology with AI, advancements in user interface and interaction, initiatives towards environmental sustainability, increased affordability and market accessibility, and the rise of holographic streaming services.
What Key Factors and Trends Are Driving The Growth Holographic TV Market?
The anticipated boom in the holographic TV market is largely pegged on the increasing use of medical imaging. Essentially, medical imaging refers to radiography, a medical discipline whereby health professionals create different images of various body parts for the purpose of clinical assessments, medical procedures, and visual representation of organ or tissue functions. With holographic TV, surgeons have the ability to view and manipulate 3D images of human anatomy, thus enhancing pre-surgery readiness and guidance during surgery, leading to more precise and effective operations. For instance, the Royal Australian and New Zealand College of Radiologists, a professional body based in Australia, revealed that the number of MRI machines as of February 2023 was 102, marking a 17-unit growth from the previous year's count in private and public facilities. Moreover, the total number of MRI machines in private and public facilities in 2022 had risen by 7 units, up from the total in February 2021, reaching 85. Therefore, the surge in the use of medical imaging is powering the growth of the holographic TV market.
What Are The Market Segments In The Holographic TV Market?
The holographic TV market covered in this report is segmented –
1) By Type: Laser Plasma, Micromagnetic Piston Display, Holographic Television Display, Touchable Holograms
2) By Distribution Channel: Online, Offline
3) By End User: Education, Consumer Applications, Aerospace And Defense, Industrial Applications, Healthcare, Other End Users
Subsegments:
1) By Laser Plasma: Solid-State Laser Plasma Displays, Gas Laser Plasma Displays
2) By Micromagnetic Piston Display: Electromagnetic Actuated Displays, Piezoelectric Actuated Displays
3) By Holographic Television Display: Static Holographic Displays, Dynamic Holographic Displays
4) By Touchable Holograms: Tactile Feedback Holograms, Interactive Holographic Interfaces
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What Emerging Trends Are Influencing The Growth Of The Holographic TV Market?
Leading businesses in the holographic TV market are honing in on technological improvements, including 3D holographic displays, to create AI-supported platforms that accommodate the demands of their established customer base better. 3D holographic displays utilize holographic concepts to produce three-dimensional visual imagery for a more engaging visual experience. For example, Hypervsn, a firm that hails from the UK and is renowned for fabricating and promoting holographic displays, introduced SmartV in February 2022. This latest iteration of 3D holographic displays, SmartV, boasts of several upgrades like executing both 2D and 3D content via an external CMS, an innovative high-brightness variant suitable for outdoor usage, a system with ultra-fine pixel pitch, and the ability to operate third-party applications. The power consumption rate of Hypervsn SmartV M displays is less than 50 watts on average—almost half of most standard LED displays. The Hypervsn SmartV platform, based on Android, lets customers develop exclusive widgets for their brand to showcase custom holographic content.
Who Are the Key Players In The Holographic TV Market?
Major companies operating in the holographic tv market report are:
• Apple Inc.
• Google LLC
• Samsung Electronics Co. Ltd.
• Microsoft Corporation
• Sony Corporation
• Panasonic Corporation
• LG Electronics Inc.
• Qualcomm Inc.
• Mitsubishi Electric Corporation
• Nvidia Corporation
• Toshiba Corporation
• Epson Corporation
• Konica Minolta Inc.
• EON Reality
• Ostendo Technologies Inc.
• Leia Inc.
• Hypervsn (Kino-mo Ltd.)
• AV Concepts Inc.
• Vuzix Corporation
• Light Field Lab Inc.
• Avegant Corporation
• RealView Imaging Ltd.
• Voxon Photonics Pty Ltd.
• SeeReal Technologies
• Realfiction Holding AB
• Holoxica Ltd.
• Musion Das Hologram Ltd (MDH Hologram)
• Looking Glass Factory Inc.
• Shenzhen SMX Display Technology Co. Ltd.
• Provision Holding Inc
What Are The Regional Insights Into The Holographic TV Market?
North America was the largest region in the holographic TV market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the holographic tv market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
