Digital holography is a new tool in 3D imaging developed for biological applications. Microscopy of biological systems and understanding of complex systems through 3D imaging can drive its demand. The global Digital Holography Market report by Market Research Future (MRFR) covers latest trends and challenges to be encountered by manufacturers over the forecast period (2020-2027). The COVID-19 pandemic and its effects on the industry are explained in high detail.
Market Scope
The global digital holography market is expected to increase at a CAGR of 37%, with a value of USD 7.5 billion during the forecasted 2020-2027. It is driven by the capacity of the technology for providing accurate measurements of objects. Adoption of the technology in the financial sector, rising demand in medical and commercial applications, and use in measurement of minute organisms can drive market demand significantly. Inspection and detection of faults in the automotive sector and reduction in fault tolerance during production can lead to its adoption in various sectors.
Measurements of wavefields with high precision and investigation of surfaces at a micro level can drive the market growth. Its use in various applications in China and India can favor the digital holography market. Huge demand for minimally invasive techniques and adoption of the technology in biomedical research and academic centers are other drivers of the market. But unawareness of the technology and lack of skilled technicians can hamper market growth.
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Segmentation
Holographic Displays to be the Leading Application
Holographic displays can present images in a high resolution due to improvements in spatial light modulators. Developments in photonics, microelectronics, and computer engineering can drive the evolution of holographic displays with acceptable quality. Attraction towards 3D imagery and use of Ads and marketing to entice customers can bode well for the segment over the forecast period.
Commercial Vertical to Dominate Global Market
The commercial vertical is expected to be the biggest revenue contributor due to the capability of digital holography in live events, concerts, promotions, and shows. The focus of retailers to distinguish themselves from the competition can employ the use of the technology. Adoption of holographic displays for engaging customers through experiences can bode well for the global market.
Hardware Component to Capture Large Market Share
The hardware is expected to dominate the market share owing to rapid developments in computers, spatial light modulators, and image sensors. But the high costs can be a detriment to its growth.
Regional Analysis
North America to Lead Global Market
North America is expected to lead the global digital holography market owing to need for technologically advanced products and rise of new technologies. Presence of well-known vendors and demand for holographic solutions in medical, aerospace & defense, and others can drive regional market growth.
Competitive Analysis
Jasper Display Corporation, Ovizio Imaging Systems NV/SA, Lyncee Tec SA, Light Logics Holography and Optics Pvt Ltd., Geola Digital lab, RealView Imaging Ltd., Eon Reality, Inc., Holoxica Ltd., Zebra Imaging Inc., and LEIA Inc. are key players in the global digital holography market.
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Industry News
VividQ has generated funding of USD 15.1 million for developing large screens capable of displaying 3D and mobile holography. It aims to use the capital for expediting development of AR headsets, HUD demos, and implement holography across consumer electronics.
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