News

Laser holographic display market estimated to grow by 33.9%

June 7, 2016

The global laser holographic display market is estimated to grow at a CAGR of 33.9 percent from 2014 to 2019, according to a press release from Reportlinker. The market was valued at $78.5 million in 2014 and is expected to reach a value of $337.2 million by 2019.

The global laser holographic display market accounted for a market share of 11 percent of the global holographic display market in 2014. The use of laser holographic display technology in medical imaging and the increasing demand in events and advertisements have been driving this market, the release said.

The global laser holographic display market has been broadly classified in terms of products such as digital signage, kiosks, medical scanners and notebooks. According to the release, the medical scanners segment is projected to grow at the fastest CAGR of 34.9 percent during the given forecast period.

The North American region is the leading market for laser holographic displays, having accounted for a market share of 37.4 percent in 2014. The Asia-Pacific region is projected to be the fastest-growing market, with growth at a CAGR of 34.9 percent during the given forecast period, the release said.

Some of the major players of the market include AV Concepts Inc (U.S.), Musion Das Hologram Ltd. (U.K.), Provision Holding Inc (U.S.), Holoxica Ltd. (U.K.) and Zebra Imaging (U.S.), among others. These companies are investing heavily in this technology in order to gain higher profits and increase their shares in the global laser holographic display market.