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Global Holographic Display Market to Grow at a CAGR of 29.3% During 2021-2026, Aided by Rising Demand from Automobile and Other Industries

According to a new report by EMR titled, ‘Global Holographic Display Market Report and Forecast 2021-2026’, the market attained a value of about USD 1.31 billion in 2020. The market is further expected to grow in the forecast period of 2021-2026 at a CAGR of 29.3% to reach nearly USD 6.14 billion by 2026.

The global market for holographic display is dominated by North America in terms of market share owing to the presence of prominent key players in the region, as well as various enterprises where the technology finds its applications. Meanwhile, the Asia Pacific region is estimated to grow at the fastest rate over the forecast period due to the high growth of consumer electronics in the region. The growing demand for innovations in the digital segment in retail and advertising, and the increasing need for holographic displays in the automotive segment has supported the growth of the holographic display industry in mass-producing countries like China.

Based on end use, the automotive industry is the most prominent adopter of holographic display technology, with increasing demand for entertainment displays integrated into automobiles. Additionally, holographic displays in vehicles provide enhanced surrounding awareness to the driver to avoid unwanted contact while driving or parking.

In May 2020, one of the competitors in the market, Looking Glass Factory Inc., announced the beginning of shipping of its 8K display that uses holographic technology. The product was announced in October of the previous year. The product received positive reviews owing to being the first holographic screen that could be viewed without wearing any special glasses. Meanwhile, in October 2020, Envisics, a company focused on improving holographic accessories in the automobile industry, announced the raising of USD 50 million in a Series B round of funding to tally its total valuation to more than USD 250 million. Such developments in the market, along with the ones made by the automotive companies, such as Mitsubishi Motors Corporation (TYO: 7211), are expected to boost the market growth.

Market Analysis by End Use, and Region:

  • Based on end use, the industry can be divided into consumer electronics, retail, media and entertainment, military and defence, and automotive, among others.
  • The regional markets for holographic display include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • Growing demand from end use industry verticals like automotive and research institutes, among others, is likely to augment the growth of the industry.
  • Healthcare is one of the significant end uses, where holographic displays can support a revolutionary change in collecting patient data, and hence promises rise in the market demand.
  • Emerging key players and their exciting products and concepts to maintain the popularity of the technology among the consumers is aiding the market growth.
  • The use of hologram footage as a marketing campaign has been, evidently, received well by consumers. This factor paves the way for holographic displays to penetrate well in the marketing industry.

Key Offerings of the Report: 

  • The EMR report gives an overview of the global market for holographic display for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the end use and regions of holographic display.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

The major players in the global holographic display market are Provision Holding, Inc., Looking Glass Factory Inc., RealView Imaging Ltd., Animmersion UK Ltd., Kino-Mo Ltd., and Shenzhen SMX Display Technology Co. Ltd., among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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