Holographic Display Market Trends
Growth Drivers
- Rising Healthcare Industry – Holographic Display, which is the real-time capture, encoding, transferring, and rendering of 3D representations, improves telemedicine in the medical field by facilitating remote patient inspections, and surgical collaboration and giving medical practitioners a more realistic and immersive experience, and allows medical professionals to confer with patients virtually, and even participate in surgery from a distance.
- Growing Demand in the Education Industry- Holographic display has the potential to completely transform the education sector by making subjects such as science and art can be made more engaging by using more intuitive visuals and explanations of complex concepts.
- Increasing Popularity of Virtual Reality Gaming- Holographic display is capable of elevating gaming to new since it allows players to engage more naturally and realistically with virtual items and characters.
- Expanding Applications in the Military- Soldiers may exchange vital information, give orders, and plan actions in real-time by using holographic display, which also permits the military to coordinate and communicate without giving the adversary away.
Challenges
- Need for robust infrastructure - One of the most important obstacles is the requirement for a strong infrastructure since holographic display calls for specific hardware and infrastructure, which can be expensive and difficult to set up.
- Concerns regarding data privacy and security- Since holographic display is immersive, privacy concerns are raised by the variable information it contains, such as dates, serial numbers, and encoded personal data.
- Obstacles associated with the compatibility of various systems and gadgets are expected to impede the market growth
Holographic Display Market: Key Insights
The holographic display market is observing vibrant growth on account of increasing use of holographic displays in medical imaging, coupled with rising demand for holographic projections at events, fashion shows, conferences, product launch ceremonies and others. All of these factors are expected to boost the growth of the holographic display market.
The market is anticipated to record a CAGR of around 28.48% throughout the forecast period, i.e. 2019-2027. The holographic display market is segmented by end user into consumer electronics, commercial, aerospace and defense, medical and industrial, out of which, the commercial segment is anticipated to hold largest market share on account of growing direct spending from commercial business events held worldwide. According to Events Industry Council, which is a non-profit federation of more than thirty U.S. and international organizations, stated that business events generated more than $1.07 trillion USD of direct spending in the year 2017.
Growth Drivers
Increasing Investments in 3D technology
Various technology giants have been instrumental in aiding the emergence of holographic devices. Various real holographic reconstruction application places objects where they belong in the real world and not near a display screen. Increasing investments in 3D technology by enterprises coupled with focus of enterprises towards projection of holographic 3D (H3D) into space using tailored micro displays for HMD and HUD applications and others, is anticipated to support the growth of the holographic display market.CLICK TO DOWNLOAD SAMPLE REPORT
Rising Technological Advancements In Screen-Less Displays
Growing advancements in screen-less displays owing to shortfall of space, on screen based displays, is increasing the scope for holographic displays. Factors such as augmented reality is also adding up to the demand for screen-less displays. One such type of screen-less display is known as the visual image, which acknowledges any type of image or thing with the help of human eye. Holographic displays display the three dimensional images by using elements such as helium neon laser.
Growing Demand For Incorporating Holographic Display Technologies in Medical Applications
The global medical holography is anticipated to record a CAGR of around 30.4% during the forecast period. Increasing applications of medical holography for various processes in the healthcare industry, such as X-Ray, endoscopic, and others are expected to drive the holographic display market. Additionally, growing R&D activities for technological advancements in medical devices, coupled with other medical applications such as holographic light-in-flight recording methods, diffractive bifocal intraocular lens for geriatric population and others, all of these factors are anticipated to support the growth of the holographic display market throughout the forecast period.
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
21.6% |
|
Base Year Market Size (2024) |
USD 3.94 billion |
|
Forecast Year Market Size (2037) |
USD 50.08 billion |
|
Regional Scope |
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