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Digital Holography Market Trends

ID: MRFR//2866-HCR | 100 Pages | Author: Aarti Dhapte| July 2024

Digital Holography Market Overview:

The global digital holography market has been expected to increase at a CAGR of 37%, with a value of USD 7.5 billion during the forecasted 2020-2027.

Digital holography refers to a kind of interferometric imaging technique that can be used to perform simultaneous imaging of multidimensional objects or products. The process involves multiple light waves produced by scattering a laser beam used to illuminate the object and create its image using the principle of diffraction. This image is achieved by combining or interfering with the coherent reference waves with the waves received from the sample or object which needs to be imaged. The interference of these waves is recorded through a video camera and further transmitted to a computer for a 3D reconstruction. The technique finds extensive application in medical sciences, engineering, advertising, education, art, marketing and several others.

The on-growing demand for high-end technological solutions in the manufacturing and healthcare industries is the key factor driving the market's growth. The awareness about the utilization of digital holography for performing the non-invasive and effective diagnosis of medical ailments and conducting biomedical research is continuously increasing across the world. However, the extensive use of digital holograms in ophthalmology, orthopaedics and dentistry is also catalyzing the market's growth.

  • June 2023, A major global supplier of hologram augmented reality ("AR") technology, WiMi Hologram Cloud Inc. (NASDAQ: WIMI) ("WiMi" or the "Company") today announced the creation of a single-pixel digital holography-based compressive phase target categorization solution. It is a target identification and categorization technique based on digital holography. By synthesizing the wave field in the object plane, the method makes use of the single-pixel digital holography imaging concept to record the interferogram of a target.

COVID-19 Analysis

The COVID-19 pandemic has brought an era that is not only stressful physically, mentally but also financially. The wave seems to have affected every individual and the organizations across the globe. The businesses have suffered to the core and require urgent measures to combat the losses. Experts in the digital holography market have prepared the reports. The step-wise procedures to be followed have been very well explained in the report.

The current market scenario, the Digital Holography Market Size, and the qualitative and quantitative analysis of the market have also been included in detail in the report. While no one is yet sure about what the future holds for us because the pandemic doesn’t seem to be gone shortly, so all the business needs to prepare themselves for the future and make sure they work according to the current position even if that means changing the entire working pattern and getting used t a different working pattern.

Digital Holography Market Dynamics

  • Market Growth

The Digital Holography Market Size is expecting steady growth with a CAGR of 27% during the forecast period. The holographic industry is also estimating a market value of around 7.5 billion by the end of 2027.

  • Market Drivers

Various drivers responsible for the growth of the Hologram market size are the ability of the technology to provide fast and precise measurements of 3d geometries. It is extensively used in the inspection procedure of the turbine engines and the components. This leads to high financial savings for the companies. Also, it is widely used in detecting faults in automobile production. All these advantages of digital holography have been responsible for bringing growth in the Digital Holography Market.

  • Market Restraints

The major restraints in the market’s growth is the high cost required as an initial investment for setting up the plant. The devices required for the set-up are costly. Also, due to the high cost of processing holograms, the technology gets limited to few digital holography applications. A large amount of memory, power, and storage is required for holographic reconstructions. All these factors prove to be a restraint in the growth.

Regulatory Implications

The regulatory implications on the holographic display market do not have a direct impact on the growth of the holographic industry. The procedure is relatively safe compared to the 3d visualization; hence most of the applications can be viewed with the naked eyes. This is the reason there is no such stringent law against the market. The growth of the market sees an upward trend due to various factors like its safe use. Various end-user industries and areas like medical imaging have relied mainly on the digital wide-field holography market and have been doing exceptionally well.

Digital Holography Market Segmentation Overview

The Digital Holography Market is divided into the following segments based on the following:

  • Based on the applications

  • Based on the end-users

  • Based on the components

Digital Holography Applications Outlook

Based on the applications, the Digital Holography Market has the following subtypes:

  • Holographic Display

  • Holographic Telepresence

  • Microscopy

  • Holographic Television

  • Others

June 2023, Researchers have recently created the "Smallest LED," Seeking to Transform Smartphone Cameras In to the Holographic Microscopes. This tiny silicon LED, which is smaller than wavelength of the light it generates, might lead to significant advancements in microscopy and other fields. This may be accomplished without raising the system's complexity, cost, or form factor because of the cheap cost as well as scalability of the microelectronics CMOS techniques. The silicon LED that the team developed is unquestionably tiny; curiously, it is even smaller compared to the light’s wavelength which it generates. Despite this, the team's claims that they can turn smartphone cameras into microscopes by integrating the LEDs at a silicon level are supported by the light intensity of their prototype holographic microscope, which is powerful enough for driving the prototype holographic microscope.

Digital Holography End-Users Outlook

Based on the end-users, the Digital Holography Market has the following subdivisions:

  • Automobile

  • Medical

  • Commercial

  • Consumer

  • Defense

  • Aerospace

  • Datacenter

  • Others

Digital Holography Component Outlook

Based on the components, the Digital Holography Market has the following categories:

  • Hardware

  • Software

The digital holography software segment dominates the market with the largest share due to increased digitalization across all medical areas. The hardware section is also expected to a considerable growth during the forecast period from 2017 to 2023.

Digital Holography Regional Outlook

Based on the region, the Digital Holography Market has been segmented into the following:

  • Europe

  • North America

  • Asia pacific

  • Rest of the world.

The region that dominates the Digital Holography Market Share in North America. The region’s dominance is attributed to the emerging technologies and the emerging need for advanced products throughout the region. Also, the region has most of the major players in the market in the region, leading to the easy availability of the products with reduced costs. A rapid demand has been seen in the demand for holographic displays by the retailers.

Asia pacific is also expecting a rapid increase in the Digital Holography Market Share owing to the increased technologically advanced products in the market.

Digital Holography Market Key Player & Competitive landscape

The major players in the digital holography market are Lyncee Tec SA (Switzerland), Zebra Imaging Inc. (U.S.), Eon Reality, Inc. (U.S.), Geola Digital lab. (Lithuania), Holoxica Ltd. (U.K.), RealView Imaging Ltd. (Israel, LEIA Inc. (U.S.), Light Logics Holography and Optics Pvt Ltd.(India),  Jasper Display Corporation (Taiwan), and Ovizio Imaging Systems NV/SA (Belgium).

All the major players in the market have been working together to bring much-required growth in the Digital Holography Market. The mergers, acquisitions, and collaborations amongst themselves have proved to be worthy for the organization independently and for the market. The primary focus has been on bringing the recent technologies I the market to enable manufacturing products at a faster pace and low cost involved. Also, the product quality has always been a preference for them all. They have been implementing planned strategies and also working according to the current market scenarios to fetch the best results.

Recent Development

Lyncee Tec SA:

September 2023, Launched a new generation of holographic display technology with improved brightness and viewing angles, targeting augmented reality applications.

Zebra Imaging Inc.:

August 2023, Secured funding to develop and commercialize a portable holographic microscope for point-of-care medical diagnostics.

Eon Reality, Inc.:

October 2023, Partnered with a major automotive manufacturer to explore the use of holographic technology for training and maintenance applications.

Geola Digital lab.:

July 2023, Unveiled a large-format holographic display showcasing high-resolution 3D sculptures for museums and art installations.

Report Overview

The report prepared exclusively for the digital wide-field holography industry has all the elements that an organization would require to smooth and efficiently run an organization. The overview of the digital holography market has been explained in detail, along with the effect of COVID-19 on the running of the market. The steps that should be implemented to overcome the loss have also been mentioned in detail by the industry experts. The market dynamics of the Digital Holography Market have also been given In detail, including the points like growth, drivers, and the restraints that tend to hamper the market’s growth.

The regulatory implications of the industry have also been described in detail in the report. The segmentation of the market based on the application, end-user, and geographical analysis. The market’s key players have also been mentioned in the report, along with the steps and strategies they have followed to bring growth in the market. The recent advancements in the android digital holography market have also been discussed in the report to ensure that the organizations stay updated with the latest advancements taking place in the market and implement them according to their use.

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