The global digital holography market grew at a CAGR of 32% during 2014-2019. Digital holography refers to a technique of interferometric imaging that can be used to perform simultaneous imaging of multidimensional objects or products. The process involves multiple light waves produced by scattering a laser beam (through a beam splitter) that are used to illuminate the object and to create its image by using the principle of diffraction. This image is achieved by combining or interference of the coherent reference waves with the waves received from the sample or object which needs to be imaged. The interference of these waves is recorded through a video camera and further transmitted to a computer for a 3D reconstruction. The technique finds extensive application in the fields of medical sciences, engineering, advertising, education, art, marketing, design studies, etc. Looking forward, IMARC Group expects the global digital holography market to exhibit strong growth during 2020-2025.
The growing demand for high-end technological solutions in the manufacturing and healthcare industries is the key factor driving the growth of the market. The awareness about the utilization of digital holography for performing non-invasive and effective diagnosis of medical ailments and conducting biomedical research is continuously increasing across the globe. Furthermore, extensive use of digital holograms in ophthalmology, orthopedics and dentistry is also catalyzing the growth of the market. The holography process is also used in microwave and X-rays to detect objects through impenetrable barriers; in quality checks for identifying stress or abnormalities in a product; and for eliminating the need for dark rooms and chemicals to obtain analog holograms. Additionally, increasing investments in technological developments coupled with the product innovations are also contributing to the market growth. For instance, the introduction of 3D glasses is used to alter and enhance the perspective view for the user, thus providing them with more clarity and better satisfaction.
IMARC Group’s latest report provides a deep insight into the global digital holography market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the digital holography industry in any manner.
The report has also analysed the competitive landscape of the market with some of the key players being, Lyncée Tec, EON Reality, Zebra Imaging, Real View Imaging Ltd., Ovizio Imaging Ltd., Holoxica, Geola Digital, zSpace Inc., Jasper Display Corporation, LEIA Inc., etc.
The global digital holography market was worth around US$ 2.4 Billion in 2019.
According to the estimates by IMARC Group, the global digital holography market will exhibit strong growth during the next five years.
Lockdowns implemented by governing agencies of several countries as a response to the sudden outbreak of the coronavirus disease (COVID-19) have disrupted supply chains and affected the manufacturing operations of various industries, which, in turn, has negatively impacted the market.
The escalating demand for high-end technological solutions in various fields, such as ophthalmology, orthopedics and dentistry, in the healthcare sector, represents one of the key factors spurring the global digital holography market growth.
One of the major trends in the market is the increasing adoption of digital holography for conducting biomedical research and performing non-invasive procedures.
On the basis of the technology type, the market has been classified into Gabor’s (in-line), off-axis and other holography.
Based on the component type, the market has been bifurcated into software and hardware (CCD camera, laser, micro-display, beam splitter, mirror and others).
The market has been analyzed on the basis of the application into digital holographic displays, digital holographic microscopy, holographic television and telepresence, and others.
On the basis of the vertical, the market has been categorized into automotive, medical, aerospace and defense, and others.
Region-wise, the market has been segmented into Asia Pacific, Europe, North America, Latin America, and Middle East and Africa.
Leading industry players are Lyncée Tec SA, EON Reality, Inc., HoloTech Switzerland AG, RealView Imaging Ltd., Ovizio Imaging Systems NV/SA, Holoxica Ltd, Geola Digital UAB, zSpace, Inc., Jasper Display Corporation, and Leia Inc.
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