Digital holography is a method of projecting images in 3D format on a visible screen and used in applications in healthcare, automotive, and defense sectors. The holograms are recorded on camera and reconstructed using principles of imaging. The global digital holography market report by Market Research Future (MRFR) takes a broad view of imaging and display technologies by exploring drivers, restraints, opportunities, and challenges that affect the industry for the period of 2017 to 2023 (forecast period). The COVID-19 pandemic and its effects on the industry are also included to determine revaluation of market size and growth projections.
Market Scope
The global digital holography market size can balloon to USD 7.5 billion by 2023 by the end of the forecast period by exhibiting 37% CAGR. It can face huge demand from automotive and medical sectors as holograms are used in gaining precise measurement of components, objects, and specimens. Digital holography has been used in conducting quality assurance tests and eliminated compressor bond failures.
The COVID-19 pandemic has slowed down the industry due to lack of access to research materials and simulation models for testing the latest products. Holographic displays are likely to witness huge demand and bolster the market growth over the forecast period. This is supported by the research conducted by the Radiological Society of North America with chest CT scans being able to detect the presence of the COVID-19 virus in patients in comparison with RT-PCR images.
But high costs of holographic products as well as exorbitant prices of objective lenses and digital imaging devices can hamper its growth.
Read more@ https://www.marketresearchfuture.com/reports/digital-holography-market-4210
Segmentation
On the basis of component, the market can be segmented as hardware and software. Among the two, the software segment accounted for the largest market share since digital holography can help in gleaning new insights in life sciences. It can be used in displaying 3D images of objects in a holographic format. However, the hardware segment is expected to grow over the forecast period.
By application, the market is segmented into holographic tele presence, holographic television, holographic display, and microscopy.
By end-users, the market is segmented into commercial, medical, defense, aerospace, datacenter, consumer, and others. The commercial segment is bound to generate huge revenues for the digital holography market as sectors of banking, retail, and education can use the technology for attracting users and encouraging interaction.
Regional Analysis
North America, Asia Pacific (APAC), Europe, and Rest-of-the-World (RoW) are major regions analyzed for measuring the growth of the global digital holography market.
North America is anticipated to be the leading region of revenue for the market owing to investments in dimensional imaging. The U.S. and Canada are using digital holography for illuminating doctors and other specialists in healthcare and life sciences sectors. For instance, digital holographic microscopy has been patented for studying specimens in high resolution. Growth of automotive and consumer electronic sectors is likely to be a notable catalyst in driving market demand over the forecast period.
APAC is pegged to display a strong growth rate over the assessment period owing to presence of various media companies in India and Bangladesh able to lower the price of rendering the final images in 3D. The use of holograms for running political campaigns and addressing public rallies can widen its scope considerably. In addition, expansion of consumer electronics and automotive sectors in Japan and China can lead to new opportunities for the global digital holography market.
Competitive Scope
Eon Reality, Inc., Light Logics Holography and Optics Pvt Ltd., Holoxica Ltd., LEIA Inc., Ovizio Imaging Systems NV/SA, Zebra Imaging Inc., Geola Digital uab., Lyncee Tec SA, Jasper Display Corporation, RealView Imaging Ltd., and others are prominent players of the global digital holography market.
The market is highly competitive with players continuously improving their sensors and software for gaining an edge. Market expansion is gained through mergers, acquisitions, and product developments.
Industry News
Ceres Holographics has managed to improve its proprietary Holographic Optical Elements (HOE) for automotive applications. Its latest transparent display system can provide images in full color display and comes in a small package size. The company can cater to automotive clients looking to provide their customers an enhanced and safe driving experience. It has deployed transparent display applications on front, side, and rear car windows powered by HOE.
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