Global Holographic Display Market Report and Forecast 2024-2032

Global Holographic Display Market Outlook

The global holographic display market attained a value of about USD 2.83 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 29.3% to reach nearly USD 28.71 billion by 2032.

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The Asia Pacific to Witness the Fastest Growth During the Forecast Period

Regionally, North America is estimated to maintain its dominant position with the highest shareholding in the global market. Meanwhile, it is expected that the region to witness the fastest growth over the forecast period will be the Asia Pacific, owing to the emergence of key players and consumer base in the electronics and automobile segment. This growth is likely to be aided by the growing demand for innovation in several industries as well as the rising popularity of holographic technology in automobiles in the Chinese market.

Among the end uses, the automotive industry is projected to account for the largest portion of the market owing to the integration of advanced displays in automobiles for entertainment, as well as enhanced vehicle safety. High-end cars adopting this technology is likely to boost their popularity in the industry, which, in turn, is expected to positively impact the market growth.

Holographic Display: Market Segmentation

Holographic display is referred to a type of display that fundamentally uses the phenomenon of light diffraction to generate a virtual three-dimensional image or footage of an object whose dimensions are captured accordingly. It does not require any special glasses or external equipment for a viewer to have a view of the image.

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Based on end use, the industry is segmented into:

• Consumer Electronics
• Retail
• Media and Entertainment
• Military and Defence
• Automotive
• Others

The EMR report looks into the regional markets of holographic display like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Technological Improvements and Suitable End Use Applications Likely to Bolster the Holographic Display Industry Growth

The global market for holographic display is mainly driven by technological advancements in the field of enhanced display. In addition, the presence of most required technologies promises the availability of higher quality in the field in the near future. Furthermore, consistent growth in the demand for technologically innovative displays in the automotive industry provides lucrative opportunities for market growth. The demand is supported by a wide range of practical uses of holographic displays in different sectors, including engineering, medical technology, pharmaceutical, food & beverages, telecommunications, entertainment, and others. The use of holograms in the marketing field has proven to be effective owing to its interactive superiority that is conveyed better than any other marketing strategy. Moreover, emerging key players in the industry and their list of upcoming and ongoing projects is a significant factor augmenting the growing popularity of holographic displays. High unit costs can, however, impede the market growth over the forecast period.

Key Industry Players in the Global Holographic Display Market

The report presents a detailed analysis of the following key players in the global holographic display market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Provision Holding, Inc.
• Looking Glass Factory Inc.
• RealView Imaging Ltd.
• Animmersion UK Ltd.
• Kino-Mo Ltd.
• Shenzhen SMX Display Technology Co. Ltd.
• Others

The comprehensive report looks into the macro and micro aspects of the industry. The EMR report gives an in-depth insight into the market by providing a SWOT analysis as well as an analysis of Porter’s Five Forces model.

Key Highlights of the Report