Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,354.78 million | USD 3,910.58 million | 12.5% | 2023 |
The global 3D holographic display and services market size was worth around USD 1,354.78 million in 2023 and is predicted to grow to around USD 3,910.58 million by 2032 with a compound annual growth rate (CAGR) of roughly 12.50% between 2024 and 2032.
3D holographic displays and services leverage neuromarketing power by creating a visual brand experience. 3D holograms are extremely eye-catching and hence considered one of the ideal solutions to attract the attention of viewers. This trait of the novel technology has made 3D holographic displays widely popular across industries, especially retail and education. Research indicates that displaying 3-dimensional holograms can evoke several emotions among viewers. They are also known to trigger senses which in turn fires up cortex activity thus allowing viewers to view and process information better. The extensive proliferation of smartphones and the digital world has resulted in extremely low attention levels in humans. In addition to this, advertising onslaught across platforms has further made it difficult for brands to leave a lasting impact on the viewers. 3D holographic displays allow brands and companies to enhance customer experience thus raising their information retentional levels. 3D holographic displays work by using 4K or high-definition screens that reflect the desired digital content using a glass coated with special material also known as glass optics. When the entire setup is placed at a special angle, it delivers an illusion allowing the brain to interpret digital information as 3 dimensional.
Rising demand for novel marketing solutions especially for complicated business ideas or products will drive the market demand rate
The global 3D holographic display and services market is expected to grow due to the rising need to develop and implement novel marketing solutions. This is especially applicable to brands that are technically complex to describe or complicated products. Marketing is an extremely competitive industry with multiple brands vying for the same consumer group. The avalanche of product advertisements and marketing strategies can become overwhelming for potential buyers, clients, or customers. Furthermore, the constant bombardment of information can confuse the buyers leading to negative brand impact. These challenges can be easily overcome with the use of 3D holographic displays as not only are these solutions eye-catching, but they communicate complex ideas with utmost ease. Moreover, multiple people can view the same information together with the help of advanced technologies such as smart wearables and virtual reality (VR) headsets. Brands can use 3D holograms to highlight special selling points of the product and display unique features thus promoting the market expansion rate.
Increasing application of 3D holograms in the healthcare industry will help the market thrive
3D hologram solutions have multiple advantages and applications across industries. The healthcare sector has high growth potential and market experts are developing ways to integrate medical solutions with 3D holographic technology. They can be used for delivering enhanced medical training and education as complex biological anatomies can be easily displayed using 3D holograms. Moreover, research indicates that these solutions can be applied during chemotherapy and guiding radiation therapy. The rising investments in remote medical care can be promoted using the 3-dimensional holographic tools. For instance, medical professionals can use holograms in 3 dimensions during consulting with patients in remote areas or who are unable to visit the doctor in person. Other healthcare applications of the global 3D holographic display and services market include surgery and tumor localization.
Limited space and content for display will restrict the market expansion rate
The global industry for 3D holographic displays will be restricted due to the presence of limited space for displaying information. In addition to this, content that can be used for display is restricted. In addition to this, the 3D holographic solutions may be unable to deliver optimized performance if the content available for display is of poor quality. Other factors including technical challenges in displaying information will further prevent complete market expansion. Some of the challenges are limited resolution and restrictions in terms of viewing angles.
Rising research & development (R&D) to improve 3D hologram technology may generate high-growth opportunities
The global 3D holographic display and services market will generate high growth opportunities due to the increasing investments in the research and development of advanced 3D holograms with better display properties and the integration of other superior technologies such as Artificial Intelligence (AI). For instance, in March 2021, researchers based at the Massachusetts Institute of Technology (MIT) developed a new deep learning-based technique to develop holograms instantly. The novel method is highly efficient and uses AI for generating 3D holograms. The method is called tensor holography and has several applications including medical imaging, 3D printing, and others. The added advantage includes smartphone compatibility of the technology. In April 2024, a group of researchers developed a full-color display method in 3 dimensions using a smartphone screen thus eliminating the need to use a laser for creating holographic pictures. The new technique was developed by scientists at the University of Tokyo based in Japan.
Increasing integration of 3D holograms and virtual reality or augmented reality headsets will help the industry flourish
3D holographic displays and services are expected to be impacted by the growing launch of cutting-edge virtual reality (VR) and augmented reality (AR) headsets that enhance the 3D hologram viewing experience making it more immersive. It allows shared viewership thus elevating the overall experience without wearing special glasses. Moreover, these technologies can also be used for creating more engaging content and enabling remote collaboration. As VR or AR technology thrives, the global 3D holographic display and services market is simultaneously expected to benefit.
High competition from substitute display systems will challenge the market expansion rate
The global 3D holographic display and services industry is projected to be challenged due to the high competition the sector faces from the presence of other technologically advanced substitute display systems such as liquid-crystal display (LCD) screens and organic light-emitting diodes (OLED) systems. These tools are witnessing equal investments directed toward technological advancements thus acting as tough competition for 3D holograms.
The global 3D holographic display and services market is segmented based on application, type, and region.
Based on application, the global market segments are education, retail, brand advertisements, and others. In 2023, the highest demand was witnessed in the brand advertisements segment since 3D holograms are considered an efficient means of displaying attention, retaining, and engaging brand content. The growth in the number of global events such as new product launches and interactive exhibitions is fueling the market demand. In 2024, the global events and exhibition market is expected to generate over USD 54.5 billion.
Based on type, the global market divisions are laser type, touchable type, semi-transparent type, and others. The most dominant segment in 2023 was laser type since it is the traditionally used variant. Lasers interacting with light waves is what caused the 3D picture or image to appear. However, during the forecast period, higher revenue can be expected from the touchable type since customers are looking for more interactive experiences which can be achieved using touchable 3D holograms. Professional-grade 3D holographic displays can cost between USD 2000 to USD 10000 and more.
Report Attributes | Report Details |
---|---|
Report Name | 3D Holographic Display and Services Market |
Market Size in 2023 | USD 1,354.78 Million |
Market Forecast in 2032 | USD 3,910.58 Million |
Growth Rate | CAGR of 12.50% |
Number of Pages | 221 |
Key Companies Covered | Sony Corporation, Covestro AG, Avegant, Euclideon Holographics, Looking Glass Factory, RealView Imaging, Aerial Burton, Holoxica, Eon Reality, Cave Automatic Virtual Environment (CAVE), Musion 3D, INTERSPECTIVE, HoloTech Switzerland AG, Zebra Imaging, LEIA Inc., and others. |
Segments Covered | By Application, By Type, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Asia-Pacific to lead the market with the highest growth rate
The global 3D holographic display and services market will be led by Asia-Pacific during the forecast period. Countries such as China and Japan will lead the regional revenue. Japan, for instance, is one of the leading nations working consistently on developing more sophisticated 3D holographic display technologies. Moreover, the regional market has extensive applications of the technology across industries including automotive, entertainment & exhibits, and retail. In October 2023, China University researchers in Japan announced the development of breakthrough technology that converts 2D images into 3D holograms. In a recent event, Axiom Holographic announced the launch of a new holographic zoo in Australia. North America is projected to be led by the entertainment and the healthcare industry. The growing number of live entertainment programs hosting millions of viewers and attendees per event across the US and Canada have fueled the use of 3D holographic images to make the events more entertaining. The concert industry in the US is worth over USD 32 billion as of 2024 and it is expected to grow even further. Europe will deliver significant results driven by the growing use of 3D holograms in the automotive industry. The presence of influencers in the region will further help Europe to flourish.
The global 3D holographic display and services market is led by players like:
By Application
By Type
FrequentlyAsked Questions
3D holographic displays and services leverage neuromarketing power by creating a visual brand experience.
The global 3D holographic display and services market is expected to grow due to the rising need to develop and implement novel marketing solutions.
According to study, the global 3D holographic display and services market size was worth around USD 1,354.78 million in 2023 and is predicted to grow to around USD 3,910.58 million by 2032.
The CAGR value of 3D holographic display and services market is expected to be around 12.50% during 2024-2032.
The global 3D holographic display and services market will be led by Asia-Pacific during the forecast period.
The global 3D holographic display and services market is led by players like Sony Corporation, Covestro AG, Avegant, Euclideon Holographics, Looking Glass Factory, RealView Imaging, Aerial Burton, Holoxica, Eon Reality, Cave Automatic Virtual Environment (CAVE), Musion 3D, INTERSPECTIVE, HoloTech Switzerland AG, Zebra Imaging and LEIA Inc
The report explores crucial aspects of the 3D holographic display and services market including detailed discussion of existing growth factors and restraints while also browsing future growth opportunities and challenges that impact the market.
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