The global Holographic Near Eye Display market was valued at $135.4m in 2020 and is estimated to grow at an estimated CAGR of more than 78% during the forecast period 2020–2025. North-America with 36% held the largest market share in 2020. Adoption of this holographic technology in head-up displays that are majorly used in automobiles and planes, allows the driver to see the displayed information even if they are shorter or taller than average.
Holographic Near Eye Display Market Outlook
The holographic Near Eye Display, is also referred to as Head Mounted Display, which projects the images into the viewer’s eyes, creating a virtual image within the field of view. The virtual image appears within 1 meter distance from the viewer’s eye point to image projection and appears larger due to the magnification of the optics used to create the image. It has a great potential to realize mixed reality by modulating the wavefront of light in a fundamental manner. As a computational display, holographic near eye displays offer a large degree of freedom, such as focus cue generation and vision correction. These displays satisfy high image quality and natural focus cues.
Holographic Near Eye Display Market Growth Drivers
Adoption of near eye display holoLens in the medical sector is also propelling the growth of the market, as these devices are able to project the human body in its full size in front of medical students. HoloLens apps are being developed to visualize the human body in an easy and spectacular way, thus driving the market growth.
Holographic Near Eye Display Market Challenges
A wide field of view is mostly preferred as it gives a picture of the whole at once on a screen. Hence, sunglasses with a wide field of view (80-degree horizontal) should be used to get a clear picture of edge-to-edge of an image. Handling problems such as visual discomfort experienced by the end user is one of the restraining factors for the growth of holographic near eye display.
Holographic Near Eye Display Market Research Scope
The base year of the study is 2020, with forecast done up to 2025. The study presents a thorough analysis of the competitive landscape, taking into account the market shares of the leading companies. It also provides information on unit shipments. These provide the key market participants with the necessary business intelligence and help them understand the future of the Holographic Near Eye Display market. The assessment includes the forecast, an overview of the competitive structure, the market shares of the competitors, as well as the market trends, market demands, market drivers, market challenges, and product analysis. The market drivers and restraints have been assessed to fathom their impact over the forecast period. This report further identifies the key opportunities for growth while also detailing the key challenges and possible threats. The key areas of focus include the types of holographic near eye displays, and their specific applications in different verticals.
Holographic Near Eye Display Market Report: Industry Coverage
Types of Holographic Near Eye Display: Smart Glass, Head Mounted Display, Head-Up Display, Optical Sight, and Helmet Mounted Display
Applications of Holographic Near Eye Display: Military, Civilian, Healthcare, Large Scale Manufacturing, Media and Entertainment, Others
The Holographic Near Eye Display market report also analyzes the major geographic regions for the market as well as the major countries for the market in these regions.
The regions and countries covered in the study include:
- North America: The U.S., Canada, Mexico
- South America: Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, Costa Rica
- Europe: The U.K., Germany, Italy, France, The Netherlands, Belgium, Spain, Denmark
- APAC: China, Japan, Australia, South Korea, India, Taiwan, Malaysia, Hong Kong
- The Middle East and Africa: Israel, South Africa, Saudi Arabia
Holographic Near Eye Display Market Key Players Perspective
Microsoft Corporation headquartered in the U.S. develops, licenses, and supports computer software with the concept of mixed reality holoLens. HoloLens display is a set of transparent glasses, which can be placed in front of eyes. This has further advanced the convenience of the holography market.
Major companies operating in the Holographic Near Eye Display market are BAE Systems, Samsung Electronics, Continental AG, and Sony Corporation.
Holographic Near Eye Display Market Trends
In recent years, the trend of applying eye tracking to AR near-eye display devices has become more apparent. It is because this method uses eye gaze instead of traditional manual interaction, which can significantly improve head-up performance and offer the users with a new interactive experience.
Finger sensitive systems are developed that enables an observer to intuitively handle electro-holographic images in real time.
Cleveland Clinic and Case Western Reserve University have partnered with Microsoft to introduce a HoloLens app called HoloAnatomy to visualize the human body in an easy and spectacular way.
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