Capitalizing on the Growing Demand: Digital Holography Market Poised to Reach $5.4 Billion by 2024

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MarketsandMarkets Presents
The Digital Holography Market is projected to
reach USD 5.4 billion by 2024 from USD 2.2
billion in 2019 growing at the highest CAGR of
19.8. Major drivers for the markets growth are
rising demand for digital holography in medical
and commercial applications, the growing adoption
of digital holography in the financial sector for
security purposes and increasing use of digital
holography microscopy for precise measurements.
Furthermore, underlying opportunities for the
digital holography market include potential
demand for holographic displays for near to eye
applications, and latent opportunities for
digital holographic solutions from countries in
APAC particularly, China, Japan, and South Korea.
Major restraints for the market are the high cost
of digital holographic products.
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MarketsandMarkets Presents
Software offerings to grow at higher CAGR during
forecast period Software algorithms are used in
computers for the reconstruction of holographic
images. In advanced systems, these algorithms
produce high-quality images with 3D visualization
in less time. In digital holographic displays and
holographic telepresence, computerized algorithms
are increasingly being used for image processing.
This is expected to boost the development of
software packages for projection, imaging, and
reconstruction purposes. Various software
applications are being developed to make image
processing more effective and accurate, within
less time. As hardware components are one-time
investments, the demand for software components
is expected to be higher during the forecast
period, as they are constantly upgraded.
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MarketsandMarkets Presents
Digital holographic microscopy to register
highest CAGR during forecast period Digital
holography finds application in microscopy,
display, and telepresence. The market for digital
holographic microscopy (DHM) is expected to grow
at the highest CAGR during the forecast period.
DHM is used in a wide range of applications
ranging from holographic aperture ladar (HAL) to
vibration analysis. In medical and biomedical
sectors, digital holographic microscopes are used
to display the 3D images of living cells in real
time. Download PDF Brochure _at_
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MarketsandMarkets Presents
Digital holographic microscopy to register
highest CAGR during forecast period In material
science, DHM is used routinely for research in
academic and industrial labs, depending on the
application, microscopes can be configured both
in transmission and in reflection. The attractive
features of DHM such as high-acquisition rate,
the monitoring of physiological and pathological
activity of cells and tissue culture, along with
non-contact, non-destructive, and marker-free
capabilities in vivo imaging are driving the
adoption of DHM in medical applications.
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MarketsandMarkets Presents
Commercial vertical to hold largest size of
digital holography market during forecast
period Based on vertical, the digital holography
market is segmented into medical, aerospace
defense, automotive, consumer, commercial, and
others. The commercial vertical is expected to
dominate the digital holography market, in terms
of size, during the forecast period. The
commercial vertical includes education, banking,
hospitality, retail, and corporate. Digital
holographic technology offers spectacular results
with regard to visual effects when used in shows,
live events, product launches, advertising, and
promotions using digital signage and interactive
kiosks.
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MarketsandMarkets Presents
Commercial vertical to hold largest size of
digital holography market during forecast
period Retailers are focusing on the methods of
differentiating themselves to attract more
customers. Thus, they are adopting digital
holographic displays to improve engagement with
their customers by attracting them through
memorable experiences. The increasing adoption of
digital holographic displays in the commercial
vertical for advertising and marketing is driving
the said market. Speak to Analyst _at_
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MarketsandMarkets Presents
Market in APAC is expected to grow at highest
CAGR during next 5 years APAC is a potential
market for digital holography systems with huge
opportunities for the development and
implementation of new technologies. The market in
APAC is expected to witness rapid growth owing to
the growing number of commercial spaces in the
region. China accounts for the majority of the
demand for digital holography solutions from the
region, owing to the growing interest of
consumers in realistic 3D imaging systems.
Digital holography technology extends far beyond
its common usage in pop concerts and other forms
of entertainment. It has a wide range of diverse
applications and is being used to actively
improve many areas of industry including medical,
commercial, and aerospace defense.
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MarketsandMarkets Presents
Key Players Lyncee Tec (Switzerland), Holoxica
Limited (UK), RealView Imaging (Israel), HoloTech
Switzerland AG (Switzerland), EON Reality (US),
Geola Technologies (Lithuania), Holmarc
Opto-Mechatronics (India), Ovizio Imaging Systems
(Belgium), Leia (US), and Phase Holographic
Imaging (Sweden) are a few of the leading players
in this market. The other players operating in
the digital holography market include MetroLaser
(US), MDH Hologram (UK), Holotronica (UK), Light
Logics Holography and Optics (India) Digitos
Technologies (India), and Trimos (Switzerland).
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