The hologram market is expected to witness considerable
growth in coming years, owing to rise in demand for hologram in
medical applications and surge in investments in research &
development activities to develop advanced technologies.
WILMINGTON, Del., April 24,
2024 /PRNewswire/ -- Allied Market Research
published a report, titled, "Hologram
Market by Component (Hardware, Software) and Industry
Vertical (Consumer Electronics, Retail, Medical, Industrial,
Defense, Other): Global Opportunity Analysis and Industry Forecast,
2023-2032". According to the report, the hologram market was
valued at $3.5 billion in 2023, and
is estimated to reach $20.1 billion
by 2032, growing at a CAGR of 21.49% from 2023 to 2032.
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- 126 – Tables
- 48 – Charts
- 249 – Pages
Prime Determinants of Growth
The hologram market is expected to witness notable growth owing
to the rise in demand of hologram in medical applications.
Moreover, technological advancement is expected to provide
lucrative opportunities for the growth of the market during the
forecast period. On the contrary, high cost within the hologram
market limits the growth of the hologram market.
Report Coverage & Details:
Report
Coverage
|
Details
|
Forecast
Period
|
2023–2032
|
Base Year
|
2023
|
Market Size in
2023
|
$3.5 billion
|
Market Size in
2032
|
$20.1
billion
|
CAGR
|
21.49 %
|
No. of Pages in
Report
|
249
|
Segments
Covered
|
Component, Industry
Vertical, and Region
|
Drivers
|
Increase in adoption of
holographic displays for advertising and events.
Expansion of consumer
electronics
Rise in demand for
hologram in medical applications
|
Opportunity
|
Technological
advancement
|
Restraint
|
High initial
cost
|
The Software segment to maintain its leadership status
throughout the forecast period
On the basis of component, the software segment held the highest
market share in 2022, accounting for more than three-fifths of the
global hologram market revenue, and is estimated to maintain its
leadership status throughout the forecast period, owing to the
increasing adoption of augmented reality (AR) and mixed reality
(MR) technologies, which heavily rely on sophisticated software
algorithms. However, the hardware segment is projected to manifest
the highest CAGR of 22.36% from 2023 to 2032.
The Medical segment to maintain its leadership status
throughout the forecast period
On the basis of industry vertical, the medical segment held the
highest market share in 2022, accounting for more than one-fourth
of the global hologram market revenue and is estimated to maintain
its leadership status throughout the forecast period. However, the
Defense segment is projected to manifest the highest CAGR of 25.27%
from 2023 to 2032, owing to the widespread adoption of hologram in
defence sector globally.
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North America to maintain
its dominance by 2032
On the basis of region, North
America held the highest market share in terms of revenue in
2022, accounting for nearly one-third of the hologram market
revenue owing to the presence of a myriad of players in the region
such as AV Concepts, Eon Reality Inc., Qualcomm, Zebra Imaging,
Provision Holdings Inc., ViewSonic Corp., and many others. The
presence of a significant number of players in North America is anticipated to drive the
growth of the hologram market in this region.
Moreover, Asia-Pacific is
projected to manifest the highest CAGR of 23.44% from 2023 to 2032
owing to rising demand for consumer electronics products in
developing economies such as China, Japan,
India, South Korea, and Taiwan. Therefore, the rising demand for
consumer electronics products in the Asia-Pacific region is expected to accelerate
the growth of the global hologram industry.
Leading Market Players: -
- HYPERVSN
- Holotech
- Looking Glass
- Holoxica Limited
- RealView Imaging Ltd.
- SeeReal Technologies
- Leia Inc.
- EON Reality
- REALFICTION
- Qualcomm Technologies, Inc.
The report provides a detailed analysis of these key players in
the global hologram market. These players have adopted different
strategies such as product launch, product development,
partnership, investment, acquisition, and others to increase their
market share and maintain dominant shares in different regions. The
report is valuable in highlighting business performance, operating
segments, product portfolio, and strategic moves of market players
to showcase the competitive scenario.
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Key Benefits for Stakeholders:
- This hologram market insights report provides a quantitative
analysis of the market segments, current trends, estimations, and
dynamics of the hologram market analysis from 2023 to 2032 to
identify the prevailing hologram market opportunities.
- The market research is offered along with information related
to hologram growth drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers
and suppliers to enable stakeholders make profit-oriented business
decisions and strengthen their supplier-buyer network.
- In-depth analysis of the hologram market segmentation assists
to determine the prevailing market opportunities.
- Hologram market size by country in each region are mapped
according to their revenue contribution to the global 3D
Projections market.
- Hologram Companies player positioning facilitates benchmarking
and provides a clear understanding of the present position of the
market players.
- The report includes the analysis of the regional as well as
global hologram market trends, key players, market segments,
application areas, and 3D Projections market growth
strategies.
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Tables, and Figures) @
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Hologram Market Key Segments:
By Component
By Industry Vertical
- Consumer electronics
- Retail
- Medical
- Industrial
- Defense
- Other
By Region:
- North America (U.S.,
Canada, and Mexico)
- Europe (UK, Germany, France, Russia, and Rest of Europe)
- Asia-Pacific (China, Japan,
India, Australia, South
Korea, and Rest of Asia-Pacific)
- Latin America (Brazil, Argentina, and Rest of Latin America)
- Middle East and Africa (UAE, Saudi
Arabia, and Rest of Middle
East and Africa)
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