Holographic Display Market - Forecast (2023 - 2028)

The global Holographic Display Market is currently valued at $1.15 billion in 2022 and is expected to reach a valuation of $11.55 billion by 2027 growing at a CAGR of 15.63% during 2022-2027. A holographic display uses coherent light used by a laser to create three-dimensional images in space or on screens. The integration of Laser Plasma technology in holographic displays enables to the production of images in thin air without the need for any sort of screen or external refraction media which results in the creation of hanging light that leaves its onlookers in awe and leaves a lasting impression on them. Of the different types of technological applications in this domain, electro holographic displays are the most widely used due to their ability to transmit stored image data using an electromagnetic resonator which provides it a distinct advantage in security-related applications. Resistance to mechanical and thermal stresses coupled with precise measurements has led to the widespread adoption of digital micrometers in this market. Cost-Effectiveness, greater picture clarity coupled with higher storage capacity are some of the factors driving the expansion of the holographic display market. Light modulators are used to modulate the amplitude, phase and polarization of the incident light waves to incorporate greater detail in the holographic display which has resulted in the adoption of this technology across various sectors that require imaging. In April 2022, Prime Minister Narendra Modi of India unveiled the Pradhanmantri Sangrahalaya museum in New Delhi where the contributions of Prime Ministers to Independent India have been narrated using immersive digital technologies such as holographic display, 3D images of historical events and other milestones depicting the nation’s journey through the past 75 years. Such developments will positively impact the growth of the country.



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