Future of Holographic Displays Technology

According to a new market research report “Holographic Displays Market by Technology (Electro holographic, Touchable, Laser), Product (Camera, Digital Signage, Medical scanners, Smart TV), Application (Consumer, Commercial, Medical, Industrial ), Geography – Global Forecast to 2013 – 2020”, published by Markets and Markets, the holographic display market is estimated to reach up to $3.57 Billion by the end of 2020. Seen as growing at a CAGR of 30.23% from 2014 to 2020

The holography display technology allows the light scattered from an object to be recorded and later reconstructed. This is a high intense eye grasping technique which optically stores, retrieves and processes information and preserves the 3D information of a subject. A high resolution 3D recording of the object is projected by a spot of white and bright light source, from front to above. The image contains of the light replicated by the hologram 3D , which produces multi-color holograms.This makes the images optically blurry from the original object.
Currently, the holographic displays are at a nascent stage. They are used in events as well as marketing and promotional activities. The players in the automobile industry are also launching their products using holographic displays. The technology is developing at a very fast pace and various consumer electronic market players are into the R&D phase of the holographic display technology ; and it is not very long that we will be able to see the consumer electronic products integrated with holographic displays.

The major driving factor helping in the growth of the holographic display market includes its increased need and demand in medical imaging, the increased use of holography in events and advertisements, and the adoption of holographic displays in multiple industries. The restraining factors for the holographic display market include the issues related to its projection under sunlight and its cost. A major opportunity with regard to holographic display includes the increased demand for smartphones and smart gadgets

One supremely successful project of the organization using this technology was for Wills Lifestyle.

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