Market Size of Holographic TV Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 26.20 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Holographic TV Market Analysis
The holographic TV market is expected to grow at a CAGR of 26.2% over the forecast period (2021 - 2026). 3D hologram display is a new trend which is a completely new and innovative way of presenting products and impressively displaying USPs to potential customers three-dimensionally in the consumer segment. This technology uses electro-holography to record 3D objects and reconstruct them. This display is distinct from other 3D displays.
- Advancements in holographic technology are driving the market. Fan type hologram is a new technology where recently a new device known as The Hypervsn Wall has emerged which takes this technology to the next level, creating fully HD images over 3 meters tall that at least give the appearance of floating in the air, all while using a mere 65 watts of power. Digital Holographic Tabletop is a new technology where a team from South Korea created the world's first hologram capable of being viewed simultaneously in 360 degrees by using a series of multi-colored, high powered lasers and a high-speed rotating mirror display.
- Increasing usage in medical imaging is driving the market. RealView Imaging, an Israeli start-up company, is pioneering the field of interactive live holography, creating a new dimension for medical imaging applications. The company's proprietary Digital Light Shaping™ technology provides physicians with unique natural user experience, creating the only accurate, three-dimensional holograms within hands reach.
- Owing to the high product cost and as the system must be kept very stable since even a very slight movement can destroy the interference fringes, so such challenges are restraining the market.