global holographic display market is set to proliferate exponentially registering a CAGR of 19% during the forecast period 2019 to 2023.
Holographic display Market growing at exponential compound annual growth rate by forecast period of 2019 to 2023. The increasing use of holographic displays in medical imaging is one of the chief drivers of the market. Besides this, the rising demand for holographic projections at events, fashion shows, conferences, product launch ceremonies, and product marketing events is also expected to help the market gain pace through the course of the forecast period.
Holographic projection is the new wave of technology that may change how things are viewed in the new era. Holography is the method we use to record patterns of light. These patterns are reproduced as a three-dimensional image called a hologram. 3D holographic projection is a rapidly growing technology. When every business desperately trying to get their product to stand out from the competitors, 3D hologram advertising and promotion is fast becoming an eye-catching success.
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Some of the key players profiled in the report are AV Concepts (U.S.), Konica Minolta Inc. (Japan), Qualcomm (U.S.), Eon Reality Inc. (U.S.), Zebra Imaging (U.S.), Musion Das Hologram Ltd. (U.K.), Provision Holdings Inc. (U.S.), Holoxica (U.S.), Realview Imaging Ltd. (Israel), and ViewSonic Corp. (U.S.).
By technology, the global holographic display market has been segmented into semitransparent, touchable, laser, and piston.
By product type, the holographic display market is segmented into the camera, digital signage, kiosks, medical imaging equipment, smart TVs, and others.
By application, the global holographic display market has been segmented into 3D image projection, image storage, image replication, scanning &detecting of scattered light, real-time non-destructive testing.
By end-users, the holographic display market is segmented into healthcare, media and entertainment, defense and aerospace, educational sector, automobile, manufacturing, and many more.
Medical imaging applications are likely to experience a favorable growth during the forecast period owing to the increasing awareness regarding their benefits among the medical community leading to the adoption of holography products for clinical applications.
EchoPixel a revolution in 3D medical imaging, produced a software system that converts 2D images to stereoscopic 3D images. The system makes it possible for medical professionals in diagnostics, surgical planning, and interventional radiology to ‘cut’ virtual tissue, organs, and other body parts at various angles.
In September 2018, Red Digital Cinema, primarily known for its film cameras has promised the integration of holographic display in its upcoming mobile handset, Red Hydrogen.
In September 2018, Way Ray, a Swiss startup received funding of USD 80 Mn from Porsche, Hyundai Motor, China Merchants Capital, and Alibaba Group for the development of holographic displays on windshields.
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Global holographic display market is being led by North America owing to the presence of a myriad of players in the region. The holographic display market in the Asia Pacific is expected to exhibit a high growth owing to growing consumer electronics industry in the region. The reason for APAC’s high growth in the presence of developing countries such as India and China in the region.
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