In their recent Holographic Display Market report, revealed a possibility of garnering USD 8 billion valuation.
Holographic technology uses laser-generated light to form a 3D image in the space. The process includes the use of laser that lights up both the object and the photographic plate, which provides a different projection of the object. Hologram is the recording of the holographic image, which with its high inclusion in several associated industries, is expected to rise by 19% CAGR during the forecast period (2017-2023).
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The healthcare industry is expected to be the largest traction providing segment for the global holographic display market. Smartphone integration can develop the holographic display market. To impress consumers with latest models, e-commerce and other brands are on the line to integrate the system. However, its initial cost could be of worry for poor economies.
The global holographic display market gets segmented by analysts in the report of MRFR for a better review. These segments are technology, product type, application, and end-users.
Based on the technology, the holographic display market can be segmented into semitransparent, touchable, laser, and piston. The semitransparent technology is garnering accolades from several quarters.
Based on the product type, the holographic display market can be segmented into camera, digital signage, kiosks, medical imaging equipment, smart TVs, and others. The smart TV segment is gaining ground. In the healthcare segment, medical imaging equipment is having a great run. The increasing awareness regarding its functionality is providing traction.
Based on the application, the holographic display market includes 3D image projection, scanning & detecting of scattered light, image storage, image replication, real-time non-destructive testing. The 3D image projection segment is providing much thrust to the regional market.
Based on the end-users, the holographic display market is segmented into educational sector, automobile, healthcare, media & entertainment, manufacturing, defense & aerospace, and others. The defence segment has substantial market proliferation. On the other hand, the media & entertainment segment is providing much scope for expansion.
The global holographic display market is expecting strong support from several market players as they are inspiring changes through tactical improvisations. These companies have been profiled by MRFR in their attempt to understand the ongoing market trends that can be of great importance for the market. These companies are Konica Minolta Inc. (Japan), AV Concepts (U.S.), Eon Reality Inc. (U.S.), Holoxica (U.S.), Qualcomm (U.S.), Zebra Imaging (U.S.), Realview Imaging Ltd. (Israel), Provision Holdings Inc. (U.S.), Musion Das Hologram Ltd. (U.K.), ViewSonic Corp. (U.S.), and others.
In May 2019, several cities of the UK started receiving 5G access to their internet. This could benefit the integration of holographic display. 5G will power the huge number of pixels that is there in a holographic display and the result would turn into a more immersive and realistic 3D visualisations.
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North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW) are four distinct regions that have been named in the global holographic display market. The attempt is to get a closer look at the holographic display market.
North America has the lead owing to strong percolation of the market into various segments. Technological brilliance is helping the market achieve better results after its installation. Excellent dynamics are suggesting a strong integration of this technology across sectors, which assures the highest CAGR during the forecast period. The presence of countries like the US and Canada are providing remarkable thrust to the regional market growth. The regional market is expecting high integration of the product from the healthcare sector.
The APAC region is showing high potentials for excellent growth rate during the forecast period. The market is riddled with emerging economies who are not holding back in developing their economies. This is providing the holographic display market substantial scope for growth. India, Japan, and China are expected to take the market ahead by contributing notably to the growth of the market.
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