Holographic Display Market Is Estimated To Expand At a Healthy CAGR in the Upcoming Forecast Period 2027
Research Nester has released a report titled “Holographic Display Market
– Global Demand Analysis & Opportunity Outlook 2027″ which
also includes some of the prominent market analyzing parameters such as
industry growth drivers, restraints, supply and demand risk, market
attractiveness, year-on-year (Y-O-Y) growth comparisons, market share
comparisons, BPS analysis, SWOT analysis and Porter’s five force model.
Holographic
Displays are a type of display, which allows viewers to
experience an object or a scene from a different perspective as they would in
real life. Increasing applications in medical devices such as X-Ray, endoscopic
and others coupled with other medical applications in the healthcare industry,
for instance, holographic light-in-flight recording methods and diffractive
bifocal intraocular lens for geriatric population among others, are raising the
demand for increasing application of holographic technologies. The global medical holography is
anticipated to record a CAGR of around 30.4% during the forecast period.
Additionally,
increasing investments in 3D technology by enterprises, focus of enterprises
towards projection of holographic 3D (H3D) into space using tailored micro
displays for HMD and HUD applications coupled with increasing demand for
screen-less displays, especially in commercial business promotion events,
fashion shows, conferences, product launch ceremonies and others, all of these
factors are anticipated to support the growth of the global holographic display
market.
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The
holographic display market is anticipated to record a CAGR of around 28.48%
during the forecast period, i.e. 2019-2027. The market is segmented by end user
into consumer electronics, commercial, aerospace & defense, medical and
industrial. Among these segments, the commercial segment is anticipated to hold
largest market share on account of growing spends worldwide for commercial
business events. The Events Industry Council stated in one of their statistical
report for the year 2017 that commercial business events generated more than
$1.07 trillion USD of direct spending.
Geographically,
the holographic
display market is segmented by five major regions into North
America, Europe, Asia-Pacific, Latin America and Middle East & Africa
region, out of which, Asia-Pacific is expected to hold largest market share on
the back of growing consumer electronics industry. Additionally, economies,
such as China, Taiwan, South Korea and others, are known for their expertise in
the technological advancements of consumer electronics, which is anticipated to
boost the growth of the market in the region. Furthermore, North America is
expected to gain significant market share on the back of growing healthcare
industry, which is anticipated to raise the demand for holographic display for
utilization in medical devices applications.
However,
high assembling costs of holographic display devices is a raising concern for
holographic display market, as it might prove cost-intensive to small
manufacturers, and also the increased product prices, owing to increasing
assembling costs, might seem to be expensive for underdeveloped nations’
consumers, which is estimated to act as a barrier to the growth of the market
throughout the forecast period.
This
report also studies existing competitive scenario of some of the key players of
the holographic display market, which includes profiling of Konica Minolta,
Inc. (TYO: 4902), Eon Reality Inc., Holoxica Ltd., Provision Holding, Inc.
(OTCMKTS: PVHO), Realfiction, AV Concepts, Inc. (HKG: 0595), Magic Holo,
RealView Imaging Ltd., DigiLens Inc., Looking Glass Factory, Inc.
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The
profiling enfolds key information of the companies which comprises of business
overview, products and services, key financials and recent news and
developments. Conclusively, the report titled “Holographic
Display Market – Global Demand Analysis & Opportunity Outlook 2027”,
analyses the overall holographic display industry to help new entrants to
understand the details of the market. In addition to that, this report also
guides existing players looking for expansion and major investors looking for
investment in the holographic display market in the near future.
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consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment, etc.
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