Holographic Communication Market Analysis

Holographic Communication Market Overview

Holographic Communication Market Size was valued at USD 1.44 Billion in 2022. The Holographic Communication market industry is projected to grow from USD 1.79 Billion in 2023 to USD 14.7 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 26.4% during the forecast period (2023 - 2032). Rising demand for 3D Visualization, advancements in holographic display technologies, increased adoption in telemedicine, growing AR and VR markets, enhanced user experience and increased use in education are the key market drivers enhancing the market growth. 

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Holographic Communication Market Trends

• Rising demand for 3D visualization is driving the market growth

The market for holographic communication is expanding as a result of the growing need for 3D visualization. These industries realize the transformative potential of 3D visualization made possible by holographic technology, including healthcare, education, entertainment, engineering, and design.

Holographic communication has become widely used in the healthcare industry as a result of the demand for more precise and lifelike 3D representations of medical data. Holographic displays are being used more frequently by medical practitioners to depict intricate anatomical structures, medical imaging data, and surgical processes. Holographic 3D models, for instance, enable surgeons to explore patient-specific anatomy in three dimensions during surgery planning, resulting in more informed choices and better patient outcomes. Holographic 3D visualizations are advantageous for medical education because they give students a more interesting and realistic learning experience.

Education institutions are being forced to adapt their teaching strategies to include holographic communication due to the demand for 3D visualization. Holographic displays allow teachers to show 3D simulations and models in the classroom, which makes abstract ideas more approachable and interesting for pupils. Holographic technology improves understanding and memory of material, whether it's picturing intricate molecular structures in chemistry or studying the human body in biology lectures. In STEM (science, technology, engineering, and mathematics) sectors, where practical learning experiences are essential, this demand is particularly strong.

Holographic communication is elevating the demand for 3D visualization, which has long been a driving force in the engineering and design fields. Holographic displays are being used by engineers and designers to edit and see 3D representations of objects, structures, and prototypes. Through the use of this technology, collaborative design reviews may be conducted in a virtual 3D environment, eliminating the need for physical prototypes and hastening the design process. Additionally, it helps cross-functional teams communicate more effectively, which improves product quality and shortens time-to-market.

A wide range of industries, including architecture, urban planning, and automotive design, are in need of 3D visualization. Holographic communication enables architects to present architectural designs in a 3D environment, giving clients and stakeholders a clearer idea of the finished product. For more successful urban development debates, urban planners can generate immersive 3D representations of cityscapes, and automobile designers can evaluate vehicle prototypes in a more realistic way. Thus, driving the Holographic Communication market revenue.

Holographic Communication Market Segment Insights

Holographic Communication Type Insights

The Holographic Communication Market segmentation, based on type, includes electro-holographic, laser and touchable. The electro-holographic segment dominated the market in 2022. Holographic images can be produced using electro-holography in high resolution and with incredible realism. By precisely controlling the phase and amplitude of light waves, this technique produces holographic displays that are crisper and more vibrant.

Holographic Communication Dimension Insights

The Holographic Communication Market segmentation, based on dimension, includes 2D and 3D. The 3D segment dominated the market in 2022. Holographic 3D technology makes it possible to produce extremely realistic and lifelike images. This degree of realism is essential for making important decisions and providing fascinating experiences in fields like architecture, vehicle design, and entertainment. Building plans can be shown to clients in real 3D, allowing them to virtually explore places before construction ever starts.

Holographic Communication Holographic Images Insights

The Holographic Communication Market segmentation, based on holographic images, includes dot matrix, 3D models, 2D models and stereograms. The 3D models segment dominated the market in 2022. 3D models provide a more comprehensive and intuitive way to visualize complex objects, structures, and data. This enhanced visualization leads to a better understanding of the subject matter, making it easier for individuals in various fields to grasp intricate concepts. In sectors like medicine, engineering, and architecture, this driver is especially significant, as accurate visualization is crucial for decision-making.

Holographic Communication Technology Insights

The Holographic Communication Market segmentation, based on technology, includes semi-transparent, laser and touchable. The semi-transparent segment dominated the market in 2022. Holographic displays that are semi-transparent are very well suited for AR applications. They enable digital information to be placed on the real-world view, such as graphics or data overlays. Industries like automobiles (heads-up displays), aviation, manufacturing, and healthcare employ this technology extensively. Semi-transparent holographic displays, for instance, can project important information onto the windshield in the vehicle industry, improving driver convenience and safety.

Figure 1: Holographic Communication Market, by Technology, 2022 & 2032 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Holographic Communication End-User Insights

The Holographic Communication Market segmentation, based on end-user, includes pharmaceutical & biotechnology companies, research organizations, academic medical centers, hospitals & clinics, consumer electronics, automotive, security and others. The pharmaceutical & biotechnology companies category generated the most income in 2022. Pharma and biotech companies heavily rely on research and development operations to uncover and develop novel drugs and treatments. Holographic communication enables scientists and researchers to visualize complex molecular structures, drug interactions, and cellular activity in three dimensions.

Holographic Communication Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Holographic Communication Market dominated this market in 2022 (45.80%). Holographic technology is also employed in operations, patient consultations, and medical imaging, in addition to medical training and teaching. For better patient care and research results, medical research organizations frequently work with tech businesses to create and implement holographic technologies. Further, the U.S. Holographic Communication market held the largest market share, and the Canada Holographic Communication market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: HOLOGRAPHIC COMMUNICATION MARKET SHARE BY REGION 2022 (USD Billion)

Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

Europe Holographic Communication market accounts for the second-largest market share. Holographic communication is used in the aerospace and defense sectors of Europe for mission planning, simulation, and training. Adoption in these areas is driven by the demand for immersive, realistic training environments. Further, the German Holographic Communication market held the largest market share, and the UK Holographic Communication market was the fastest growing market in the European region.

The Asia-Pacific Holographic Communication Market is expected to grow at the fastest CAGR from 2023 to 2032. Holographic communication has applications in industrial design, prototyping, and production processes. Asia Pacific is a powerhouse for global manufacturing. Adoption is being fueled by a demand for effective and cooperative design solutions. Moreover, China’s Holographic Communication market held the largest market share, and the Indian Holographic Communication market was the fastest growing market in the Asia-Pacific region.

Holographic Communication Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Holographic Communication market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Holographic Communication industry must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Holographic Communication industry to benefit clients and increase the market sector. In recent years, the Holographic Communication industry has offered some of the most significant advantages to medicine. Major players in the Holographic Communication market, including FoVI 3D, Qualcomm Technologies Inc., MDH Hologram, zSpace Inc., Looking Glass Factory Inc., RealView Imaging Ltd., HoloTech, REALFICTION., Vision Engineering Ltd, HYPERVSN., Jasper Display Corporation, Nanolive SA, Phase Holographic Imaging PHI AB., Ovizio., LEIA INC., 4-Deep, Geola Digital, Eon Reality, Mach7t.com, and Lyncee Tec. and others, are attempting to increase market demand by investing in research and development operations.

Qualcomm Inc. creates and develops wireless telecommunications equipment and services. System software and integrated circuits for mobile phones and other wireless products are sold by the company. Its product portfolio consists of integrated circuits for radio frequency transceivers, cellular modems, consumer wireless devices, power management, and wireless connection. The company's goods are used in gateway equipment, consumer electronics, desktop computers, mobile devices, laptops, tablets, cell phones, cameras, servers, wireless devices, network infrastructure equipment, routers, access points, wearable devices, voice and music devices, and Internet of Things (IoT) devices. Among the markets the company operates in are Brazil, China, Germany, Singapore, India, Japan, Taiwan, South Korea, and the US. Qualcomm's US corporate headquarters are in San Diego, California.

EON Reality, a global software development company, provides augmented reality and virtual reality (AR/VR) solutions that turn conventional training methods in business and academia into experiential training in order to increase the effectiveness of information transmission. A variety of significant industries, such as manufacturing, energy, medical & health, aerospace & transportation, defense & security, etc., can benefit from the creation of AR/VR-based training modules using the Eon-XR Platform by improving knowledge retention, decision-making, and learning pace.

Key Companies in the Holographic Communication market include

• FoVI 3D


• Qualcomm Technologies Inc.


• MDH Hologram


• zSpace Inc


• Looking Glass Factory Inc


• RealView Imaging Ltd


• HoloTech


• REALFICTION


• Vision Engineering Ltd


• HYPERVSN


• Jasper Display Corporation


• Nanolive SA


• Phase Holographic Imaging PHI AB


• Ovizio


• LEIA INC.


• 4-Deep


• Geola Digital


• Eon Reality


• Mach7t.com


• Lyncee Tec

Holographic Communication Industry Developments

November 2022: The SolidLight holographic platform from Light Field Lab, a world leader in holographic displays, is one of TIME's Best Inventions of 2022. Real things might be able to develop in midair without equipment thanks to SolidLight, the highest-quality holographic display platform ever created. The modular holographic video walls that may be built using the holographic platform's self-emitting, bezel-less panels.

June 2022: The hologram business, Looking Glass Factory, has unveiled the largest, highest-resolution holographic display ever made: a ground-breaking 65-inch 8K display. The new display is in a league of its own, being 50 times more significant than any other group-viewable holographic display ever commercially available and 5 times larger than any other 3D holographic display ever presented in a lab by any other business.

Holographic Communication Market Segmentation

Holographic Communication Type Outlook

• Electro-Holographic


• Laser


• Touchable

Holographic Communication Dimension Outlook

• 2D


• 3D

Holographic Communication Holographic Images Outlook

• Dot Matrix


• 3D Models


• 2D Models


• Stereograms

Holographic Communication Technology Outlook

• Semi-Transparent


• Laser


• Touchable

Holographic Communication End-User Outlook

• Pharmaceutical & Biotechnology Companies


• Research Organizations


• Academic Medical Centers


• Hospitals & Clinics


• Consumer Electronics


• Automotive


• Security


• Others

Holographic Communication Regional Outlook

• 
  North America
  
  
  
  • U.S.
  
  
  • Canada
  
  
  
  


• 
  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• 
  Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Australia
  
  
  • Rest of Asia-Pacific
  
  
  
  


• 
  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America