Holographic Display Market - Size, Industry Share, Growth Trends and Forecasts (2023 - 2030)

By Component :

Based on the component, the market is segregated into light modulator, scanner, lens, digital micrometer, and monitor. The light modulator segment accounted for the largest revenue share in the year 2022. Spatial light modulators (SLMs) are electro-optical devices that manipulate fundamental characteristics such as phase, amplitude, and polarization state of light. Therefore, SLM plays a crucial role in this type of display to eliminate undesired artifacts such as low resolution and noise. For instance, in April 2022, Hamamatsu Photonics developed a new spatial light modulator (SLM) to improve the efficiency and accuracy of laser techniques.

The lens segment is expected to register the fastest CAGR during the forecast period. Holographic lenses play a crucial role in manipulating the light source to adequately illuminate the object from more than one direction while also illuminating the photographic plate. Therefore, based on the analysis, holographic lenses are strategically placed on the photographic plate at different angles to provide clear 3D representation of images. Furthermore, the ability of holographic lenses to illuminate the space around the object in order to create 3D imaging is expected to drive market expansion during the forecast period.

By Technology :

Based on the technology, the market is segregated into electro-holographic, touchable, laser, and piston. The electro-holographic segment accounted for the largest revenue share in the year 2022. They employ spatial light modulators (SLMs) or liquid crystal display (LCDs) to manipulate light waves and create the interference patterns necessary for hologram formation. Moreover, electro-holographic display offer high resolution and provide realistic 3D visualizations. In conclusion, the application of electro-optical modulation techniques to generate holographic images is accelerating the expansion of the market.

Laser-based display is expected to witness fastest CAGR during the forecast period. Laser-based display use laser beams to record and project holographic images. Based on the analysis, the display that use laser light as the source exhibit high spatial resolution and sharpness, thereby capturing fine details of the displayed objects. Therefore, laser-based holograms produce high-quality, high-resolution holographic images and are used in various industries, including entertainment, advertising, and product visualization.

By Dimension :

Based on the dimensions, the market is trifurcated into 2D, 3D, and 4D. 3D segment accounted for the largest revenue share of 46.09% in the year 2022. 3D holograms create realistic holographic images or videos that are viewed from multiple angles, allowing users to perceive depth and spatial relationships. 3D holograms are well-suited for applications such as gaming, entertainment, medical imaging, design visualization, and virtual reality. For instance, in July 2022, Looking Glass launched the world's largest 3D display called the Looking Glass 65 featuring light field technology to produce an immersive experience. Consequently, 3D display offer an immersive and interactive visual experience by simulating depth, resulting in market expansion.

4D segment is expected to register the fastest CAGR during the forecast period. 4D holograms create dynamic holographic experiences by adding motion and temporal effects to the holographic content. As per the analysis, the fourth dimension is introduced through techniques such as animation, particle effects, or dynamic hologram projections. Thus, the ability of 4D holograms to produce real-time content is accelerating the trend of the market.

By Application :

Based on the application, the market is divided into camera, digital signage, laptops, smart TV, smartphones, medical imaging, and others. Smart TV segment accounted for the largest revenue share in the year 2022. The advancements in technology of TVs such as the development of high-definition (HD) display is driving the expansion of the market. Manufacturers are increasingly producing televisions that display 3D projection of an object onto a 2D plane. 3D images are created by recording the interference pattern between two laser beams on a holographic film or plate. Therefore, as per the analysis, the display play a crucial role in providing high-quality content, resulting in market trends.

The smartphone segment is anticipated to emerge as the fastest-growing segment during the forecast period. The display create 3D images allowing objects to appear or float in air space. The sensor used in smartphones detects the polarization of light to create 3D images of objects in order to provide an immersive experience to the users. Additionally, holograms provide a wider view-angle and a natural depth perception in comparison to the traditional flat display. For instance, in March 2021, Massachusetts Institute of Technology generated 3D holograms in real-time for smartphones in virtual reality, and 3D printing applications.

By End-User :

Based on the end-user, the market is divided into retail, hospitality, healthcare, education, events & entertainment, and others. The retail sector accounted for the largest revenue share in the year 2022. Holograms offer innovative and attention-grabbing visual experiences in the retail sector. The display are used to create high-quality display, virtual try-on solutions, and interactive advertisements in order to attract a large number of customers towards this segment. As a result, the display increase brand awareness and engage a large number of customers, leading to the development of the regional market.

Events & Entertainment sector is expected to witness fastest CAGR during the forecast period. The increasing adoption of AR/VR applications in events & entertainment sector to provide an interactive and engaging experience to the viewers is driving the development of the market. The display are used in gaming applications to allow viewers to observe objects in 3D representations. Moreover, the application of holograms in events and concerts to provide a real-time experience to the viewers is further accelerating the trend of the market.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

North America accounted for the largest revenue share in the year 2022. The growing adoption of consumer electronics such as smartphones, tablets, and other personal electronic devices is driving the holographic display market growth. Based on the holographic display market analysis, manufacturers are increasingly incorporating these display capabilities into the devices to enhance user experiences and offer more immersive content. Moreover, the adoption of advanced technologies such as Augmented Reality (AR) and Virtual Reality (VR) applications in the region is driving the holographic display market trend. They are widely used in gaming applications to improve users' experience. For instance, according to Oberlo, 70.8 million people in the US are using VR technology in 2023. Thus, the growing adoption of the aforementioned technologies is driving the growth of the regional market.

The Asia-Pacific region accounted for a revenue share of USD 438.80 Million in 2022 and is expected to reach USD 3542.29 Million in 2030, registering a CAGR of 30.1% during the forecast period. Additionally, in the region, China accounted for the largest holographic display market share of 29.9% in the year 2022. The increasing adoption in retail sector for marketing and customer engagement is driving the holographic display market demand. The display offer unique visual content in order to grab the attention of a large number of customers. Furthermore, the growth of media & entertainment sector in Asia-Pacific region is further expected to propel the growth of the regional market.