Global Holographic AR Display Market Expected to Garner $2,586.4 Million and Grow at 31.5% CAGR in the 2022-2031 Timeframe [250-Pages] | Commended by Research Dive

The global holographic AR display market is predicted to grow tremendously by 2031, primarily due increasing adoption of holographic displays in automotive applications. Moreover, increasing use of holographic AR displays by automotive industries to improve driver comfort is expected to make the automotive sub-segment of the market as the most profitable one. The holographic AR display market in the North America region is expected to be highly lucrative by 2031.


New York, USA, Feb. 21, 2023 (GLOBE NEWSWIRE) -- As per the newly published report by Research Dive, the global holographic AR display market is anticipated to grow at a stunning CAGR of 31.5%, thereby garnering a revenue of $2,586.4 million in the 2022-2031 timeframe. This comprehensive report provides a brief outlook of the current framework of the holographic AR display market including its major characteristics like growth drivers, growth opportunities, restraints, and hindrances during the analysis period of 2022-2031. All the necessary and essential market figures are also provided in this report to help new entrants analyze the market easily. 

Dynamics of the Market 

Drivers: Increasing adoption of holographic displays in automotive applications is predicted to be the primary growth driver of the holographic AR display market in the forecast period. Additionally, growing adoption of holographic AR displays in education and telecommunication sector is expected to push the market forward. 

Opportunities: Wider applicability of holographic AR displays in infrastructure and healthcare industry is anticipated to offer numerous growth opportunities to the market in the forecast period. Along with this, rising utilization of holographic displays in dentistry is expected to help the market grow in the forecast period.  

Restraints: High cost associated with holographic displays, however, might prove to be a hindrance in the growth trajectory of the holographic AR display market. 

Request an Exclusive PDF Sample of the Holographic AR Display Market (Including Tables, TOC, and Figures) 

Impact of Covid-19 on the Market 

The holographic AR display market, like many other industries and sectors, experienced a negative impact the Covid-19 pandemic. The government-ordered lockdowns and travel restrictions led to disruption of automobile manufacturing. This, in turn, reduced the demand for holographic AR displays which declined the growth rate of the market in the forecast period. 

Segments of the Market 

The report has divided the holographic AR display market into certain segments based on component, application, and region. 

Component: Electronic Component Sub-segment to be the Fastest Growing 

By component, electronic component sub-segment is expected to be the fastest growing during the forecast period. Growing use of electronic component holography to capture and replicate 3-D pictures is expected to help in the growth of this sub-segment. 

Application: Automotive Sub-segment to be the Most Profitable 

By application, automotive sub-segment is expected to be the most lucrative by 2031. The increasing use of holographic AR displays by automotive industries to improve driver comfort and enhance road safety is predicted to propel the growth of this sub-segment in this forecast period. 

Market in the North America Region to be Most Lucrative 

By regional analysis, the holographic AR display market in the North America region is anticipated to be highly profitable by 2031. Presence of major players, increase in disposable income, and growth in demand for luxury vehicles are anticipated to be the main growth drivers of the market in this region. 

Ask an Expert Analyst or Schedule a call to Get the Latest Trends on Holographic AR Display Market 

Prominent Market Players 

Some of the key players in the holographic AR display market are  

  • WayRay AG. 
  • Sygic 
  • Indiegogo Inc. 
  • Continental AG 
  • DigiLens Inc. 
  • Futurus Group 
  • Visteon Corporation 
  • Avegant Corp. 

These key players are devising new technologies and smart innovations to gain a prominent position in the global market. 

For instance, in May 2021, Snap, a leading social media company, announced the acquisition of WaveOptics, a leading supplier of augmented reality displays. This acquisition is expected to increase Snap’s user engagement by offering exciting AR experience, thereby expanding its market share in the near future. 

Request an On-Demand Customization of the Specific Segments or Regions on the Holographic AR Display Market 

Finally, the report also summarizes many crucial aspects of the global market including SWOT analysis, latest strategic developments, product portfolio, and financial performance of the key players. 

More about Holographic AR Display Market: 

 

Contact Data