The Holographic TV 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 Holographic TV Global Market Report 2024, The holographic tv market size has grown exponentially in recent years. It will grow from $3.5 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 25.2%. The growth in the historic period can be attributed to content ecosystem development, gaming and entertainment integration, smart home integration, user experience enhancements, target audience expansion.
The holographic tv market size is expected to see exponential growth in the next few years. It will grow to $9.86 billion in 2028 at a compound annual growth rate (CAGR) of 22.5%. The growth in the forecast period can be attributed to emergence of 3d technology, consumer electronics evolution, gaming industry influence, prototyping and proof of concept, consumer interest and adoption. Major trends in the forecast period include technological convergence with ai, advancements in user interface and interaction, environmental sustainability initiatives, affordability and market accessibility, development of holographic streaming services.
The rising use of medical imaging is expected to propel the growth of the holographic TV market in the coming years. Medical imaging, or radiography, is a branch of medicine in which medical experts make different pictures of body parts for clinical examination, medical intervention, and pictorial depiction of organ or tissue function. Holographic TV in medical imaging allows surgeons to observe and interact with 3D human anatomy, improving preoperative preparation and intraoperative guidance for more accurate and successful surgeries. For instance, in February 2023, according to the Royal Australian and New Zealand College of Radiologists, an Australia-based professional organization, there were 102 MRI machines, reflecting a 17-unit increase from February 2022 in private and public sites. Further, there were 85 MRI machines in private and public sites in 2022, indicating a 7-unit increase from the count in February 2021. Therefore, the rising use of medical imaging is driving the holographic TV market.
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The holographic tv market covered in this report is segmented –
1) By Type: Laser Plasma, Micromagnetic Piston Display, Holographic Television Display, Touchable Holograms
2) By Distribution Channel: Online, Offline
3) By End User: Education, Consumer Applications, Aerospace And Defense, Industrial Applications, Healthcare, Other End Users
Major companies operating in the holographic TV market are focusing on technological advancements such as 3D holographic displays to develop AI-enabled platforms to better meet the needs of their existing consumers. 3D holographic displays use holography principles to generate three-dimensional visual representations for a more immersive viewing experience. For instance, in February 2022, Hypervsn, a UK-based company that manufactures and markets holographic displays, launched SmartV. SmartV is an innovative generation of 3D holographic displays, with significant developments such as running 2D and 3D material through an external CMS, a revolutionary high-brightness model for outdoor use, an ultra-fine pixel pitch system, and the capacity to run third-party apps. Hypervsn SmartV M displays have an average electrical consumption rate of less than 50 watts, roughly half that of most standard LED displays. The Hypervsn SmartV platform is built on Android, allowing clients to create unique widgets for the brand to display individual holographic content.
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