Holographic Display Market Report Presents an Overall Analysis, Development Trends, Driving Forces & Opportunities

Holographic displays have various applications majorly in media & entertainment as well as different research, and development programs are underway for applications like healthcare, marketing & advertising, IT & telecom, and government & education. The upgradation and improvement of digital cameras, network connection, data usage & speed, and implementation of artificial intelligence for rendering holograms in real time are providing new opportunities for businesses regarding holographic displays. Intelligent holograms are bringing potential to as leading-edge technology. However, there are different technical challenges that are currently facing such as ergonomics, the field of view, and battery life that are required to overcome in the coming years. Holographic displays are also useful in military mapping, information storage, medical systems, fraud and security, and in arts.

Global Holographic Display Market was valued at a worth of USD 1,350 million in 2020 and is estimated to grow at a CAGR of 30.2% during the forecast period 2022-2031.

Market Dynamics

Huge demand for holographic display from the healthcare sector is one of the significant trends that is affecting the holographic display market positively. Holographic imaging is likely to attain a steep growth during the forecast period 2022-2031 owing to its applications in medical academia, medical imaging, and healthcare research. For instance, in February 2016, Holoxica Limited secured a grant award of about USD 1.4 million from European Commission Horizon 2020 "SME Instrument" investment program to develop a 3D holographic video display specifically for medical scanners.

Touchable holographic display trend is gaining traction due to its increasing applications across various industries. Moreover, its commercialization has offered tremendous opportunities for holographic display market. The launch of holographic touchable kiosks, digital signage modules, and medical imaging applications is revolutionizing the holographic display market, thereby it is projected to offer lucrative market opportunities during the forecast period. RealView Imaging Ltd, Israel based company is using the field of interactive live holography by creating a new dimension for medical imaging applications and launched its first product HOLOSCOPE-i for interventional cardiology procedures in 2018.

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Intended Audience

· Holography Technology Companies

· Electronics Raw Material Suppliers

· Consumer Electronics Manufacturers

· Government and Research Organization

Market Segmentation

Global holographic displays market has been segmented by type, technology and application. Based on type, market is segmented into laser plasma, touchable, micromagnetic piston, and semi-transparent. Laser plasma holds the major share in the holographic display market, owing to major focus on this technology supported by advanced research and development. In 2015, 96 out of 100 patent applications related to holographic display were filed by Korean individual and firms. Samsung has obtained a patent for a haptic hologram that can create three-dimensional objects, which can be felt or touched and interact with a human being. Touchable holographic display is estimated to emerge as a fastest growing segment. touchable holographic display represents the modern version of the holographic technology that is observed in many sci-fiction movies such as Star Wars, Star Trek, and others. This display detects users touch by sensing movements in the air

While depending upon the application, market is bifurcated into automobile, manufacturing, healthcare, media & entertainment, aerospace & defense, and other. Holography has emerged as one of the most promising tools for the healthcare industry. In addition to medical imaging and research, holographic display technology and digital holograms are extensively used in the education industry and hospital teaching. Several companies are producing hologram systems that are specifically targeted at the medical sector. For example, Zebra Imaging has developed the ZScape Holographic Motion Display. The ZScape is an alternative to lack of cadavers for medical students to dissect. It allows students to shift through skin layers, muscles, the skeleton and walk around the entire body.

Based on technology, the market is segmented into laser, electro holography, Full Parallax and MEMS. Laser based technology holds about 50% share in the global market, as The field of laser technology is in a constant state of further development and could be applied in various applications such as industrial manufacturing and tools for material processing through welding, cutting, or engraving.

Electro holography possesses the characteristic to reconstruct a photorealistic 3D movie and is expected to show a promising market growth in the future. This technology primarily displays image data using an electromagnetic resonator. High picture accuracy and range of color are the major advantages possessed by this technology.

Regional Analysis

North America is a leading region in the global holographic displays market owing to advancing 3D holographic display technology, growing demand in medical imaging, and strong presence of prominent players in the respective region. For instance, in January 2015, Microsoft Corporation revealed their new technology "Windows Holographic" with HoloLens headset that provides augmented reality experience like virtual reality (VR) goggles. Moreover, Microsoft Corporation collaborated with National Aeronautics and Space Administration (NASA) for developing HoloLens for creating their holograms.

Europe is one of the prominent regions in the global holographic displays market after North America. Increasing awareness about the benefits of digital signage offerings and rising demand for commercial displays have created opportunities for holographic displays in prominent countries like Germany, the U.K, France, and Italy. For instance, the reflective strip on the new U.K polymer €5 bank notes uses holography for producing changing color after tilting the note as well as a 3D image of floating coronation crown.

Asia Pacific is expected to be one of the fastest growing holographic displays markets during the forecast period during 2018-2025 due to its growing adoption in the entertainment industry and increasing implementation in consumer electronics and commercial segments. In June 2015, Digital Nature Group (DNG) of the University of Tsukuba, Japan created a 3D interactive hologram system by using ultra-fast lasers in which user can touch and interact with the image.

Latin American as well as the Middle East & African countries are expected to show gradual growth in holographic displays market in the coming years due to the sluggish adoption rate of the latest developing technologies. Furthermore, the overall expenses on research & development on this technology and initiatives taken by the governments and their support to the local manufacturers are below the mark, especially in the African region. However, the countries in the Middle East & South America are anticipated to show Favorable growth during the forecast period 2022-2031.

Why buy this report?

The report also covers additional points within the scope

· Market Share Analysis

· Potential Venture Avenue

· Technology Assessment

o Tensor and Multilayer display

o Multiscopic approach: Micro lens array for multiple views

o Holographic Displays/Wavefront shaping with phase shifting LCD

Key Players

Some of the major companies operating in the market are Holoxica Ltd, , Konica Minolta, Inc. , EON Reality Inc., MDH Hologram , Realview Imaging Ltd., DisplAir Inc. , AV Concept Inc. , Zebra Imaging, Provision Holding, Inc, Kino-mo Ltd , Shenzhen SMX Display Technology Co., Ltd.

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By Technology

· Laser

· Electro holography

· Full Parallax

· MEMS

By Type

· Laser plasma

· Touchable

· Micromagnetic piston

· Holographic Television Display

By Application

· Automobile

· Manufacturing

· Healthcare

· Media & Entertainment

· Aerospace & Defense

· Other

DC Description

Holographic display, laser plasma devices, full parallax, holographic television display, micromagnetic piston, holographic medical imaging, Samsung holographic display, Apple patents

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