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Hologram Market to Reach $20.1 billion, Globally, by 2032 at 21.5% CAGR: Allied Market ResearchThe hologram market is expected to witness considerable growth in coming years, owing to rise in demand for hologram in medical applications and surge in investments in research & development activities to develop advanced technologies. WILMINGTON, Del., April 24, 2024 /PRNewswire/ -- Allied Market Research published a report, titled, "Hologram Market by Component (Hardware, Software) and Industry Vertical (Consumer Electronics, Retail, Medical, Industrial, Defense, Other): Global Opportunity Analysis and Industry Forecast, 2023-2032". According to the report, the hologram market was valued at $3.5 billion in 2023, and is estimated to reach $20.1 billion by 2032, growing at a CAGR of 21.49% from 2023 to 2032. Download Research Report Sample & TOC: (We are providing report as per your research requirement, including the Latest Industry Insight's Evolution, Potential and Impact Analysis)
Prime Determinants of Growth The hologram market is expected to witness notable growth owing to the rise in demand of hologram in medical applications. Moreover, technological advancement is expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, high cost within the hologram market limits the growth of the hologram market. Report Coverage & Details:
The Software segment to maintain its leadership status throughout the forecast period On the basis of component, the software segment held the highest market share in 2022, accounting for more than three-fifths of the global hologram market revenue, and is estimated to maintain its leadership status throughout the forecast period, owing to the increasing adoption of augmented reality (AR) and mixed reality (MR) technologies, which heavily rely on sophisticated software algorithms. However, the hardware segment is projected to manifest the highest CAGR of 22.36% from 2023 to 2032. The Medical segment to maintain its leadership status throughout the forecast period On the basis of industry vertical, the medical segment held the highest market share in 2022, accounting for more than one-fourth of the global hologram market revenue and is estimated to maintain its leadership status throughout the forecast period. However, the Defense segment is projected to manifest the highest CAGR of 25.27% from 2023 to 2032, owing to the widespread adoption of hologram in defence sector globally. Get Customized Reports with your Requirements: North America to maintain its dominance by 2032 On the basis of region, North America held the highest market share in terms of revenue in 2022, accounting for nearly one-third of the hologram market revenue owing to the presence of a myriad of players in the region such as AV Concepts, Eon Reality Inc., Qualcomm, Zebra Imaging, Provision Holdings Inc., ViewSonic Corp., and many others. The presence of a significant number of players in North America is anticipated to drive the growth of the hologram market in this region. Moreover, Asia-Pacific is projected to manifest the highest CAGR of 23.44% from 2023 to 2032 owing to rising demand for consumer electronics products in developing economies such as China, Japan, India, South Korea, and Taiwan. Therefore, the rising demand for consumer electronics products in the Asia-Pacific region is expected to accelerate the growth of the global hologram industry. Leading Market Players: -
The report provides a detailed analysis of these key players in the global hologram market. These players have adopted different strategies such as product launch, product development, partnership, investment, acquisition, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario. Inquiry before Buying: Key Benefits for Stakeholders:
Procure Complete Report (249 Pages PDF with Insights, Charts, Tables, and Figures) @ https://www.alliedmarketresearch.com/checkout-final/Hologram-Market Hologram Market Key Segments: By Component
By Industry Vertical
By Region:
Access AVENUE - A Subscription-Based Library (Premium On-Demand, Subscription-Based Pricing Model) @ https://www.alliedmarketresearch.com/library-access Avenue is a user-based library of global market report database, provides comprehensive reports pertaining to the world's largest emerging markets. It further offers e-access to all the available industry reports just in a jiffy. By offering core business insights on the varied industries, economies, and end users worldwide, Avenue ensures that the registered members get an easy as well as single gateway to their all-inclusive requirements. Avenue Library Subscription | Request For 14 Days Free Trial of Before Buying: Trending Reports in Semiconductor and Electronics Industry: Digital Holography Market was estimated at $5 billion in 2021 and is expected to hit $23.1 billion by 2031, registering a CAGR of 16.7% from 2022 to 2031 Holographic Display Market size was valued at $1.13 billion in 2020, and is projected to reach $11.65 billion by 2030, registering a CAGR of 29.1% from 2021 to 2030 Volumetric Display market size was valued at $1.4 billion in 2021, and is projected to reach $14.8 billion by 2031, growing at a CAGR of 27% from 2022 to 2031 Narrow Pixel Pitch LED Displays Market was valued at $1.5 billion in 2021, and is projected to reach $7.1 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031 About Us: Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports Insights" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies, and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry. Contact: Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg
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