PUBLISHER: The Business Research Company | PRODUCT CODE: 1436200
PUBLISHER: The Business Research Company | PRODUCT CODE: 1436200
Digital holography devices utilize interferometric imaging for multidimensional sensing and imaging of multiple light wavelengths.
Digital holography primarily employs two techniques such as off-axis holography and in-line (Gabor) holography. Off-axis holography enables the retrieval of both amplitude and phase of a field pattern through a single image captured by a digital camera. The hardware and software for digital holography find extensive use across various industries such as medical, commercial, aerospace and defense, automotive, consumer goods, and other industrial verticals.
The digital holography market research report is one of a series of new reports from The Business Research Company that provides digital holography market statistics, including digital holography industry global market size, regional shares, competitors with a digital holography market share, detailed digital holography market segments, market trends and opportunities, and any further data you may need to thrive in the digital holography industry. This digital holography market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The digital holography market size has grown rapidly in recent years. It will grow from $4.31 billion in 2023 to $5.06 billion in 2024 at a compound annual growth rate (CAGR) of 17.5%. The growth observed in the historical period can be attributed to increasing demand in medical imaging technologies, the expansion of industrial applications for imaging, utilization in automotive and aerospace sectors, and a heightened level of awareness and education about imaging technologies across various industries.
The digital holography market size is expected to see rapid growth in the next few years. It will grow to $10.12 billion in 2028 at a compound annual growth rate (CAGR) of 18.9%. The anticipated growth in the forecast period is expected due to expansion within the automotive sector, emerging applications in consumer electronics, advancements in computational holography, and the widening scope of automotive and aerospace applications for imaging technologies.
The increasing utilization of digital holography microscopy for precise measurements is expected to drive the growth of the digital holography market. Industries, especially in engineering and nanoscience, are investing in digital holography for its high accuracy and efficiency. Notably, a Deloitte survey in 2021 revealed that over 76% of manufacturers increased their investments in digital technology, indicating a significant rise in embracing such advanced tools for precision measurements.
The escalating demand within the automotive industry is expected to propel the growth of the digital holography market. Digital holography's pivotal role in automotive design, manufacturing, and safety aligns with the increased vehicle production observed, which reached 11.77 million units in July 2023, marking a notable upswing from preceding months. The automotive sector's demand fuels the expansion of the digital holography market.
Strategic partnerships drive innovation. Collaborations such as ARHT Media Inc. and WeWork integrate holography solutions into events, reflecting the market's emphasis on novel technologies. The companies operating in the digital holography sector are focusing on developing new products with innovative technologies to meet industry demands and strengthen their business position. For instance, in February 2022, ARHT Media Inc., a Canada-based developer of digital holography solutions partnered with WeWork, a New York-based provider of flexible workspace, to integrate ARHT media technology into WeWorks global events to expand their promotional reach.
Prominent companies operating in the digital holography market are launching new-generation holographic displays to increase their profitability in the market. New-generation holographic displays in digital holography refer to advanced technologies and systems that utilize holographic principles to generate three-dimensional (3D) visual representations. Hypervsn's February 2022 release of SmartV, a next-gen 3D holographic display, redefines immersive content experiences. With high-brightness for outdoor use and energy efficiency, it offers a sustainable alternative to traditional LED screens, catering to various display needs.
In 2021, Golden Path Acquisition Corporation (Golden Path) a special purpose acquisition company has merged with MC Hologram Inc., a holographic technology research and development company. The merger is a stock-for-stock transaction and is intended to qualify as a tax-free reorganization. According to the terms of the deal a newly formed subsidiary of Golden Path will be merged into MC Hologram and MC Hologram, being the surviving entity becomes a wholly-owned subsidiary of Golden Path and Golden Path will be renamed as MicroCloud Hologram Inc.
Major companies operating in the digital holography market report are NKT Photonics A\S, HoloTech Switzerland AG, Geola Digital UAB, Eon Reality Inc., Trimos SA, MetroLaser Inc., Leia Inc., HOLOEYE Photonics AG, Intelligent Imaging Innovations, Enko Systems Ltd., Vidisco Ltd., Ecliptic Enterprises Corporation, RealView Imaging Ltd., Jasper Display Corporation, Holografika Kft., Lyncee TEC SA, Ovizio Imaging Systems NV, Mit Media Lab, Holoxica Limited, Vanderplaats R&D Inc., CINOGY Technologies GmbH, Opton Lase Sp. z o.o., En'Urga Inc., Kibele-PIMS GmbH, Holmarc Opto-Mechatronics Pvt. Ltd., Phase Holographic Imaging AB, Light Logics Holography and Optics Pvt. Ltd., Digitos Technologies Private Limited, Light Tec SARL, 4Deep Inwater Imaging Inc., Mikrotron GmbH, 4D Technology Corporation, Voptica SL, Polytec GmbH, Imagine Optic, Avt Global LLC, FoVI3D Inc.
North America was the largest region in the digital holography market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digital holography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the digital holography market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The digital holography market includes revenues earned by entities by providing multidimensional information, such as three-dimensional structure, dynamics, quantitative phase, various wavelengths, and the polarization state of light, that can be simultaneously imaged. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Digital Holography Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on digital holography market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for digital holography ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The digital holography market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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