The holographic display market is set to grow to USD 17.71 billion by 2032
From GlobeNewswire: 2024-12-18 08:00:00
The Holographic Display Market was valued at USD 2.85 Billion in 2023, projected to grow to USD 17.71 Billion by 2032 with a CAGR of 22.55%. Technological advancements are driving growth, with key industries like healthcare, automotive, and consumer electronics leading the market. Innovations in holographic technology, such as Princeton University and Meta’s optical device, are enhancing display quality.
In 2023, 3D display applications dominated the market at 76%, offering immersive experiences in advertising, entertainment, and medical imaging. The 4D display segment is expected to experience the highest growth, with a CAGR of 25.81% from 2024 to 2032, driven by demand for more interactive virtual and augmented reality experiences. Lenses and digital micrometers are key components driving growth, with lenses holding a 76% market share in 2023 for creating sharp holographic images.
North America led the holographic display market in 2023, driven by technological infrastructure and high adoption rates in healthcare and entertainment. Asia Pacific is expected to experience rapid growth from 2024 to 2032, with a CAGR of approximately 23.30%, fueled by technological advancements and government-backed innovation in countries like China, Japan, and India.
Recent developments include VividQ securing USD 7.5 million in funding for holographic display technology and Qualcomm partnering with Samsung and Google to develop mixed reality smart glasses for enhanced mobile interactivity. A collaboration is set to enhance holographic display experiences by utilizing cloud technology and AI for immersive applications, reflecting the convergence of holography with AR/VR. The market report includes insights on production volumes, chip design trends, fab capacity utilization, and supply chain metrics. Company profiles and use cases are also provided. Visit the link for more information and purchasing options. SNS Insider offers market research and consulting services to provide clients with accurate market data, consumer insights, and opinions to make confident decisions in changing circumstances.
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