3D Holographic Display Market Segmentation By Technology Touchable, Laser, Plasma, MEMS; By Industry Vertical Media & Entertainment, Healthcare & Medical, Consumer Electronics, Education, Aerospace & Defense
As advancements in display technology are being witnessed, a corresponding continuous introduction of advanced display types, such as 3D holographic displays, is also being witnessed in the market. Owing to increasing disposable income, customer expenditure and demand for high-performance displays with smaller form factors and low energy consumption, it is expected that considerable traction towards 3D holographic displays will be witnessed across the globe during the forecast period.
3D holographic displays are displays which offer cost-effective virtual three dimensional display image of an object in small form factors. 3D holographic displays eliminate the requirement of any external assisting device, such as special glasses or equipment for viewing the image, and are thus, comparatively preferred over other devices that exist in the same category. 3D holographic displays have witnessed considerable traction from various industry verticals, especially from entertainment, consumer electronics and automotive sectors.
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The 3D Holographic Display market has witnessed considerable traction in the past four years, in terms of value, and is expected to exhibit double digit growth rate during the forecast period owing to increasing demand and adoption being witnessed, especially from consumer electronic (smartphones) and healthcare industry verticals.
3D Holographic Display Market: Market Dynamics
Increasing awareness about 3D holographic displays and establishment of various new market players in the market has led to high demand for 3D holographic displays across various industry verticals, especially healthcare and consumer electronic smart devices sectors. This, in conjunction with the continuous increasing adoption of smartphones, is expected to be a major driving factor for the global 3D holographic display market.
In addition to this, consumers’ growing tendency of instantly adopting technologically advanced products is another factor impelling the demand for 3D holographic displays in the market. Various advantages associated with 3D holographic displays, such as compact and small form factor, easy integration, reduced energy consumption, seamless experience, etc., are also some of the factors supplementing the growth of the 3D holographic display market, in terms of revenue.
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Besides these, continuous investments for research and development of 3D holographic displays are being witnessed across the globe by the major vendors operating in the global 3D holographic display market.
However, the high cost associated with 3D holographic displays is considered to be a major factor challenging the adoption of the same across some countries. This, as a result, is expected to be the primary restraining factor restraining the growth of the global 3D holographic display market.
3D Holographic Display Market: Key Players
Some of the key players operating in the 3D Holographic Display market are Eon Reality Inc., Zebra Imaging, Konica Minolta Inc., AV Concepts, Inc., Provision Holding, Inc., Holoxica, etc.
The 3D holographic display market is still in its nascent stage and is witnessing emergence and establishment of various new entrants in the market.
3D Holographic Display Market: Regional Overview
By geography, the 3D Holographic Display market can be segmented across North America, Latin America, Western Europe, Eastern Europe, China, Japan, SEA and others in Asia Pacific, and Middle East & Africa. Among these regions, the North America 3D holographic display market is expected to dominate the global 3D holographic display market during the forecast period owing to the presence of various 3D holographic display solution providers and high adoption of the same in the region.
The Asia Pacific 3D holographic display market and Europe 3D holographic display market are expected to follow North America 3D holographic display market in the global 3D Holographic Display market, in terms of revenue. The China 3D holographic display market is, however, expected to exhibit highest growth rate during the forecast period owing to increasing consumer expenditure on advanced technologies and increasing adoption of smartphones and tablets in the country. Besides this, the Latin America 3D holographic display market and MEA 3D holographic display market are also expected to witness considerable growth rate during the forecast period.
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