Emerging applications in medical imaging is expected to boost the holographic display market over the forecast period. Rise in disposable incomes and increase in demand for consumer electronics devices such as PCs, tablets, and smartphones are expected to propel market growth. Growing demand in multiple industries, demographic shift, and increasing number of applications in events and advertisements are expected to drive holographic display market growth. The holographic display market is suitable for applications at events, fashion shows, conferences, product launches, and marketing events of various other products. Lack of effective projection technology and high costs may restrain market growth. Commercialization and optimization of the manufacturing & fabricating process may help in reducing the cost of assembling the holographic display devices.
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Technological advancements and proliferation of smartphones are expected to offer significant growth opportunity for the global market over the forecast period. New advancements in technology and enhancements in the field of display are also expected to contribute towards holographic display market growth. A holographic display is made up of various components such as light modulator, digital micrometer, monitor, scanner, and lenses.
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