Holographic Display Market - Forecast (2020 - 2025)
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The Global Holographic display market recorded revenue of $650million in 2017 and is projected to grow at a CAGR of 29.7% during the forecast period 2018-2023. Commercial applications is the major market for Holographic displays and is estimated to dominate till 2023. Medical applications are also estimated to witness rapid growth during the forecast period as well. Rising adoption in stage shows, trade fairs, trade fairs and other aspects of the commercial industry has been one of the prime drivers for the overall market growth. America has held major share in the global Holographic display market due to high penetration rates compared to other regions. The region has seen high demand for Holographic displays across the major industries which have realized the market's importance.
What is Holographic Display?
Holographic displays are a true 3D displays that use coherent light to project the object or scene virtually in real space, allowing the viewer to look around objects and see them from a different perspective, as they would in real life. This leads to a more comfortable and naturalistic viewing experience without all the intricacies associated with stereo 3D display. The principle of Holography involves a technique that allows a light field to be recorded and later reconstructed when the original light field is no longer present due to the absence of the original objects. Holography is the advanced version of photography that allows an image to record in three dimensions. The technique of holography can also be used to optically store, process and retrieve information.
Market Research and Market Trends of Holographic Display Market
A company in USA has recently developed 3D holographic maps of 'battle spaces' for the US army. This enables soldiers to view 3D terrain, look around corners and helps with their mission training sessions. In fact, Geographic intelligence plays a vital role in military strategy and fully dimensional holographic images are being used to improve reconnaissance. The 3D images are stored into a holographic sheet by taking complex computerized image data. The technology is simple to use and can be rolled up for flexible storage and transportation.
Holography is also revolutionized in medical industry in recent times as a tool for visualizing patient data while training surgeons. A company in Scotland has been successful in using data to produce 3D images for training and display. Lots of medical systems generate complex data with the help of advanced imaging technology like Magnetic Resonance Imaging (MRI) and ultrasound scans. The data produced is usually displayed on a computer screen but it can also be used to produce full colored, system generated 3D holographic images. The benefit involved with these holograms is that no specific viewing devices are required, the surgeons can just look unhindered at the 3D images.
There are pioneering artists around the world using the 3D recording holograms to cut and bend space, construct multiple, visually solid objects in the same volume, combine collection of still images and videos to generate 3D animated works. In the recent past, a show of creative holography has been conducted in Central London by the international selection of artists showcasing their talents through 3D holography display. The collaboration of holographic display with arts will have a huge impact in the global market in the near future.
Who are the Major Players in Holographic Display market?
The companies referred to in the market research report includes Musion Das Hologram Ltd, EON Reality, Realfiction, Zebra Imaging, HoloDisplays, Provision Interactive Technologies Inc. and more than 25 companies.
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