Hologram Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Hologram Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Hologram Global Market Report 2024, The hologram market size has grown strongly in recent years. It will grow from $41.53 billion in 2023 to $44.30 billion in 2024 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing sales of motorcycles and scooters globally, growth in urbanization, rising demand for natural and organic products, increasing prevalence of chronic diseases, and increasing production of all-wheel-drive and four-wheel-drive vehicles.

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 7.0%. The growth in the forecast period can be attributed to increasing demand for 3D visualization, rising applications in automotive heads-up displays, growing use of holograms in entertainment and gaming, growing investment in research and development, and growing awareness among consumers. Major trends in the forecast period include technological advancements, integration of fingerprint recognition, adoption of predictive braking technologies, adoption of biologics, and integration of antilock braking systems.

The increasing adoption of augmented reality (AR) is expected to propel the growth of the hologram market going forward. Augmented reality (AR) is a technology that superimposes computer-generated images, information, or elements onto the real-world environment, enhancing the user’s perception of reality. The adoption of augmented reality (AR) is due to Advances in smartphones, tablets, and AR glasses, Faster internet speeds and lower latency with 5G, and diverse applications and use cases. Holograms are used in augmented reality (AR) to enhance the realism and interactivity of digital content overlaid on the physical world. For instance, in 2024, according to the Department for Business and Trade, a UK-based government department, spending on augmented reality (AR) in the UK is expected to grow by 78.3%, reaching a total expenditure of £62.5 billion ($80.55 billion) by 2030. Therefore, the increasing adoption of augmented reality (AR) is driving the growth of the hologram market.

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The hologram market covered in this report is segmented –

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

Major companies operating in the hologram market are focused on developing advanced solutions, such as AR-based holograms, to enhance user experiences and expand market applications. An AR-based hologram is a three-dimensional, interactive visual representation that appears in the real world through augmented reality technology. This technology overlays digital content onto the physical environment, creating an immersive experience. For instance, in October 2021, Cisco Systems Inc., a US-based technology company, launched a Webex Hologram, a real-time meeting solution. This innovative platform integrates advanced AR technology into the Webex ecosystem, offering users a transformative way to conduct meetings. Its key features include lifelike holographic representations of meeting participants, enhancing the sense of presence and engagement. Users can interact in real-time within a shared virtual environment, fostering more natural communication and collaboration.

The hologram market report table of contents includes:

1. Executive Summary
2. Hologram Market Characteristics
3. Hologram Market Trends And Strategies
4. Hologram Market – Macro Economic Scenario
5. Global Hologram Market Size and Growth
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32. Global Hologram Market Competitive Benchmarking
33. Global Hologram Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Hologram Market
35. Hologram Market Future Outlook and Potential Analysis
36. Appendix