E-commerce companies, automobile companies, and the entertainment industry are actively investing in the global holographic imaging market.
Arizton’s recent research report on the global holographic imaging market provides a comprehensive industry study, trend forecasts, and competitive analysis. The study segments the market by technology (reflection, transmission, and hybrid), end-user (healthcare, commercial, defense and aerospace, education, corporates, tourism, and others), applications (image production, 3D replication, information storage, scanning and detection of scattered lights, real-time non-destructive testing and inspection), display types (laser plasma, micromagnetic piston, touchable, and holographic TV display), and geography (North America, APAC, Europe, MEA, and Latin America).
The holographic imaging market is likely to reach around $4.5 billion by 2024, growing at a CAGR of approximately 39% during 2018–2024.
The holographic imaging market is expected to witness growth in coming years due to factors such as the demand for innovative consumer electronics, the popularity of smart city concepts, growth of hospitality and travel industries.
Increasing Application of Holographic Imaging in Healthcare Industry
Holographic imaging technology is gaining popularity in the healthcare industry. Holography is widely applied in ophthalmology, orthopedics, and dentistry. New developments in holographic systems provide non-invasive diagnostics for disease treatment. Holographic imaging system offers high-efficient, clear 3D images, which smoothen diagnosis. Further, governments in developed countries such as the US, the UK, and Germany are taking several initiatives to apply holographic technology to study orthopedics and cardiovascular diseases. Thus, the growing application of the technology is increasing the demand for future holographic imaging systems.
Growing Investments in Holographic Technology
E-commerce companies, automobile companies, and the entertainment industry are actively investing in the holographic market. Recently, Porsche and Hyundai and e-commerce giants, Alibaba Group, invested in a Zurich based start-up, WaRay, which is engaged in producing holographic AR based HUD technologies and is working to increase in-car experience in the future. Thus, the increased market attractiveness is likely to drive more investment during the forecast, thereby fueling the growth of the global holographic imaging market.
Growing Demand for Innovative Consumer Electronics
The demand for holographic devices is increasing worldwide due to the growing disposable income, increasing interest in new technologies, and rising number of electronic device ownership. Further, growing technological inventions have boosted the global holographic imaging market. Recently, Red Hydrogen One introduced the world’s first holographic display smartphone for commercial usage. Looking at the high potential and latent opportunity in the holographic display smartphones, Samsung, filed a patent for its new holographic smartphones. This new smartphone device can easily project holographic images that float on the screen and can be viewed at any angle without using any type of 3D glasses.
Holotech Switzerland, LyncéeTec, EchoPixel, RealView Imaging, Nanolive SA, zSpace, LEIA INC, Jasper Display Corp, Realfiction, Provision 3D Media, and Holoxica are the leading vendors in the global holographic imaging market.
The complete overview of the latest market research report on the global holographic imaging market by Arizton is now available.
The report offers a detailed study of major trends, drivers, challenges, and provides market sizing and forecast for major geographical regions and key countries.
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