Press release
Digital Holography Market Hits $10.12B by 2028, Fueled by Automotive Sector Growth and Precision Measuring
Digital Holography Market Report
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.
Market Overview -
Digital holography refers to hardware devices that operate on interferometric imaging techniques and consist of multidimensional sensing of holography that can be used to perform simultaneous imaging of multidimensional information that contains multiple wavelengths and polarization states of light.
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Digital Holography Microscopy Driving Market Growth
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.
Competitive Landscape -
Major companies operating in the digital holography market report are NKT Photonics AS, 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.
The Rising Trend Of Collaborations In Digital Holography
Strategic partnerships and collaborations are a key trend gaining popularity in the global digital holography market. 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.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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