“Global Hologram Market to reach a market value of USD 14.3 Billion by 2031 growing at a CAGR of 21%”
The Global Hologram Market size is expected to reach $14.3 billion by 2031, rising at a market growth of 21% CAGR during the forecast period.
In order to differentiate their products and improve the user experience, consumer electronics companies are investigating holographic technology. Consequently, the consumer electronics segment would acquire nearly 13% of the total market share by 2031. For example, smartphone manufacturers are developing devices with holographic displays that can project 3D images and videos without special glasses, offering users a more immersive viewing experience.
The continuous advancements in display technologies have significantly improved the resolution and clarity of holographic images, enhancing the overall user experience. Moreover, integrating artificial intelligence (AI) and machine learning (ML) into holographic technology has opened new frontiers in creating more realistic and interactive holograms. Hence, all these advancements will aid in the growth of the market. Additionally, Governments worldwide recognize the immense potential of holographic technologies and actively support their development through various initiatives. Additionally, governments can offer tax breaks or deductions for companies investing in holographic research and development. Thus, supportive government initiatives and funding are crucial for propelling holographic technologies.
However, the initial investment required to implement holographic displays and solutions, including hardware, software development, and integration costs, can be prohibitive. Another factor contributing to the high cost of holographic technology is the need for specialized expertise. ce, the high cost of holographic technology remains a significant barrier to adoption.
On the basis of industry vertical, the market is classified into consumer electronics, retail, medical, industrial, defense, and others. The retail segment recorded 17.4% revenue share in the market in 2023. Retailers increasingly use holographic displays for advertising and marketing purposes to create engaging and immersive customer shopping experiences. Holographic displays showcase products in a more interactive and visually appealing manner, increasing customer engagement and sales.
Based on component, the market is bifurcated into hardware and software. The hardware segment procured 36.8% revenue share in the market in 2023. Hardware components such as holographic projectors and displays are essential for creating and showcasing holographic images. As the technology that is used to produce holographic hardware continues to advance, it is anticipated that the overall cost and complexity of holographic hardware will decrease.
Free Valuable Insights: Global Hologram Market size to reach USD 14.3 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America segment garnered 35.1% revenue share in the market in 2023. It is possible that this is due to the region's high adoption rate of holographic technology across various industries and the strong presence of key players.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 3.2 Billion |
| Market size forecast in 2031 | USD 14.3 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 21% from 2024 to 2031 |
| Number of Pages | 155 |
| Number of Tables | 279 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Component, Industry Vertical, Region |
| Country scope |
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| Companies Included | Looking Glass Factory, Inc., Kino-mo Ltd (HYPERVSN), Leia, Inc., HoloTech Switzerland AG, Qualcomm Incorporated (Qualcomm Technologies, Inc.), EON Reality, Inc., SeeReal Technologies S.A., Realfiction Holding AB and RealView Imaging Ltd. |
By Component
By Industry Vertical
By Geography
This Market size is expected to reach $14.3 billion by 2031.
Rapid advancements in technology are driving the Market in coming years, however, High cost of holographic technology restraints the growth of the Market.
Looking Glass Factory, Inc., Kino-mo Ltd (HYPERVSN), Leia, Inc., HoloTech Switzerland AG, Qualcomm Incorporated (Qualcomm Technologies, Inc.), EON Reality, Inc., SeeReal Technologies S.A., Realfiction Holding AB and RealView Imaging Ltd.
The expected CAGR of this Market is 21% from 2024 to 2031.
The Software segment led the Market by Component in 2023; thereby, achieving a market value of $8.8 Billion by 2031.
The North America region dominated the Global Hologram Market by Region in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $4.7 Billion by 2031.
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