Confident Engineer Working on a New Electric Car with Use of Augmented Reality Hologram in an Office at Car Assembly Plant. Industrial Specialist Working in Technological Vehicle Development Facility.
The Digital Holography Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digital Holography Global Market Report 2024, 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 in the historic period can be attributed to growing demand in medical imaging, expanding industrial applications, automotive and aerospace applications, rising awareness and education.
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 growth in the forecast period can be attributed to growth in automotive sector, emerging applications in consumer electronics, advancements in computational holography, expanding automotive and aerospace applications. Major trends in the forecast period include increased adoption in medical imaging, advancements in 3D display technology, growing use in automotive applications, rise in holographic microscopy for research, applications in security and authentication.
The increasing use of digital holography microscopy for precise measurement is expected to propel the growth of the digital holography market. Digital holography is increasingly being used in engineering and science, due to its high accuracy and efficiency. The companies operating in engineering, and nanoscience are investing in advanced technologies to attain measurement accuracy and precision, which is expected to boost the utilization of digital holography during the forecast period. According to the survey conducted by Deloitte in 2021, more than 76% of manufacturers reported increasing their investment in digital technology, which accounts for three times the rate in 2019. Therefore, increasing use of digital holography microscopy for precise measurement is expected to boost demand for digital holography during the forecast period.
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The digital holography market covered in this report is segmented –
1) By Techniques: Off-axis Holography, In-line (Gabor) Holography
2) By Type: Hardware, Software
3) By Vertical: Medical, Commercial, Aerospace & Defense, Automotive, Consumer, Others Verticals
Major 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. For instance, in February 2022, Hypervsn, a UK-based 3D display technology provider launched SmartV. SmartV is a cutting-edge 3D holographic displays with external CMS support, high-brightness for outdoor use, ultra-fine pixel pitch, and third-party app compatibility, revolutionizing immersive content experiences. These displays offer an alternative to traditional video walls and LED screens, with built-in HDMI connections. Additionally, their average power consumption is under 50 watts, half that of typical LED displays, making them a sustainable choice for customers aiming to meet environmental goals. These devices provide both connectivity and energy efficiency for versatile and eco-friendly display solutions.
The digital holography market report table of contents includes:
1. Executive Summary
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