The high rate of adoption of digital holography by fast-growing sectors, such as semiconductors and electronics, is expected to cause the global market of digital holography to expand at 37% CAGR across the review period (2017 to 2023). The growing demand for 3D technologies is likely to support the expansion of the market. The worldwide market of digital holography is expected to reach a valuation of USD 7.5 billion by 2023.
Advantages and numerous applications of digital holography in the medical field are expected to drive the global market. The ability of digital holography to capture phase shift images can provide valuable insights about optical distance. This can be used to devise effective diagnostics techniques that serve the rise in demand for better medical solutions. The image analysis software of digital holography offers a better view of traditional phase contrast. 3D information, digital autofocus, and optical aberration correction are other advantages offered by digital holography that can gain traction. Applications, such as imaging living cells, time-resolved applications, surface 3D topography, MEME, metrology, micro-optics, 3D particle tracking, industrial inspection, and 3D particle tracking of digital holography are likely to spur market growth. Other factors, such as rise in cognizance, an increase in research and development undertakings, and disruptive forces of technology are expected to contribute the market growth.
The segmental analysis of the digital holographic market is done on the basis of components, applications, and end-users. The component-based segments are software and hardware. The software segment is expected to contribute significantly to the expansion of the global digital holography. The growing demand for digital holography software in the medical sector is observed to promote the global market growth. The hardware segment is also expected to exhibit expeditious growth in the forecast period. The application-based segments of the market are holographic television, microscopy, microscopy, holographic telepresence, holographic display, and others. The availability of different types of digital holography that serve different purposes is can result in rapid growth of the market. The end user segments of the market are medical, automobile, consumer, defense, commercial, aerospace, data center, and others. The growing utility of digital holography is likely to prompt the expansion of Digital Holography Market. The large scale application of digital holograph is expected to cause its global market gain high revenue in the forecast period.
The rise in the demand for hi-tech solutions across different sectors in the US is observed as a major cause of the growth of the North American digital holography market. The growing demand for digital holography for medical applications is expected to cause the regional market to show rapid expansion. In Europe, the existence of renowned digital holography developers and their hefty investment in research and developmental undertakings for diversification of products are factors that are expected to spur the EU digital holography market. In Asia Pacific, the expansion of the digital holography market is credited to an increase in its adoption by the automotive and the healthcare industry.
MRFR’s list for key players functioning in the global digital holography market includes Eon Reality, Inc. (U.S.), Lyncee Tec SA (Switzerland), LEIA Inc. (U.S.), Holoxica Ltd. (U.K.), Ovizio Imaging Systems NV/SA (Belgium), Jasper Display Corporation (Taiwan), RealView Imaging Ltd. (Israel), Light Logics Holography and Optics Pvt Ltd.(India), Zebra Imaging Inc. (U.S.), Geola Digital uab. (Lithuania), and others. Competition among players are steaming. This is expected to favor the global market. Deals and bonds among these players are resulting in launch of innovations, which, in turn, can benefit the market.
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