Dublin, Nov. 18, 2024 (GLOBE NEWSWIRE) -- The "Hologram Market 2024" report has been added to ResearchAndMarkets.com's offering.
The hologram market size has grown strongly in recent years. It will grow from $41.53 billion in 2023 to $44.3 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The rise in the historic period can be ascribed to the global increase in motorcycle and scooter sales, urbanization, growing demand for natural and organic products, a higher prevalence of chronic diseases, and a surge in the production of all-wheel-drive and four-wheel-drive vehicles.
North America was the largest region in the hologram market in 2023.
The hologram market size is expected to see strong growth in the next few years. It will grow to $58.06 billion in 2028 at a compound annual growth rate (CAGR) of 7%. The anticipated growth during the forecast period is driven by a higher demand for 3D visualization, expanding use in automotive heads-up displays, increasing application of holograms in entertainment and gaming, greater investment in research and development, and heightened consumer awareness.
Key trends expected in the forecast period include advancements in technology, the incorporation of fingerprint recognition, the adoption of predictive braking technologies, the use of biologics, and the integration of antilock braking systems.
The increasing adoption of augmented reality (AR) is poised to drive the growth of the hologram market in the coming years. For instance, the Department for Business and Trade in the UK forecasts a 78.3% increase in spending on AR by 2030, reaching £62.5 billion ($80.55 billion), underscoring AR's significant impact on driving growth within the hologram market.
Key players in the hologram market are actively developing advanced solutions, including AR-based holograms, to enhance user experiences and broaden market applications.
Report Scope
This hologram market report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Markets Covered
1) By Components: Software; Hardware; Service; Other Components
2) By Technologies: Semi-Transparent; Laser; Reflection Holography; Transmission Holography; Other Technologies
3) By Industry Vertical: Consumer electronics; Retail; Medical; Industrial; Other Industrial Verticals
Key Companies Mentioned: Microsoft Corporation; Intel Corporation; Qualcomm Technologies Inc.; Konica Minolta Inc.; Magic Leap Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Key Attributes
| Report Attribute | Details |
| No. of Pages | 175 |
| Forecast Period | 2024-2028 |
| Estimated Market Value (USD) in 2024 | $44.3 Billion |
| Forecasted Market Value (USD) by 2028 | $58.06 Billion |
| Compound Annual Growth Rate | 7% |
| Regions Covered | Global |
List of Companies Featured in this Global Hologram Market Report:
- Microsoft Corporation
- Intel Corporation
- Qualcomm Technologies Inc.
- Konica Minolta Inc.
- Magic Leap Inc.
- Holotech Switzerland AG
- Eon Reality Inc.
- zSpace Inc.
- Looking Glass Factory Inc.
- Mach7 Technologies Ltd.
- Leia Inc.
- HYPERVSN
- Lyncee Tec SA
- HoloVis International Ltd.
- Light Field Lab Inc.
- Quince Imaging Inc.
- MDH Hologram Ltd.
- VividQ Limited
- EchoPixel Inc.
- Voxon Photonics
- Jasper Display Corporation
- Animmersion UK Ltd.
- SeeReal Technologies SA
- Nanolive SA
- Holoxica Ltd.
- Fraunhofer IPM
- RealView Imaging Ltd.
For more information about this report visit https://www.researchandmarkets.com/r/fjezcq
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