Market Overview
Market Research Future (MRFR), in its latest report on the worldwide digital holography market 2020, published the in-depth analysis of the impact of coronavirus on the market. The growing range of applications of digital inline holography, Digital holographic microscopy, digital and holography matlab can bolster the expansion of the digital holography market across the assessment period. The digital holography global market can grow at a high pace due to the increase in the application of cutting edge technologies.
MRFR study shows that the growing utility of digital holography in electronics and semiconductors sectors can prompt the expansion of the market across the assessment period. The latest innovations in digital holography introduced can prompt the rise of the world market of digital holography. As per MRFR study, the digital holography industry can rise at 37 percent CAGR across the review period. The digital holography market value can USD 7.5 Bn by 2023. The rise in the demand for 3D technologies is another factor that can prompt the expansion of the digital holography market. The high adaptability of the technology across different domains can improve the potential of the digital holography market. The high end consumer of digital holographs, the retail sector can generate considerable profit for the market.
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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 Report 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.
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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