Digital Holography Market Size, Growth Drivers, SWOT Analysis 2024


The Digital Holography Market is expected to grow from USD 2.7 billion in 2020 to USD 5.4 billion by 2024, at a CAGR of 19.8%.

The factors such as rising demand for digital holography in medical and commercial applications, growing adoption of digital holography in financial sector for security purposes, and increasing use of digital holography microscopy for precise measurement drive the demand for digital holography.

Increasing use of Digital Holography microscopy for precise measurment

Digital holography allows the quantitative measurement of shape and displacements of objects by recording holograms with digital cameras and reconstructing them numerically. The technology enables fast and highly precise measurement of 3D geometries. The technology is being increasingly used for the inspection of turbine engine components as holography inspection has eliminated compressor seal bond failures, yielded large financial savings to manufacturers and greatly enhanced customer satisfaction and cost savings.

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Latent opportunities for digital holographic solutions from countries in APAC

In APAC, digital holography (DH) has emerged as a front-runner for phase imaging by providing the quantitative phase measurements of wavefields with high accuracy and in near real-time. Digital holography (DH) is used to investigate engineered surfaces at the microscale level owing to its high precision and fast reconstruction rate. The technology is widely being used in industrial applications. APAC has a number of economies with varying development levels and a wide variety of industries. Major emerging economies such as India, Indonesia, and China have huge potential to adopt the technology as there has been an increasing growth of consumer electronics & automotive industries in the region.

Top Players in Digital Holography Market:

Some of the major players operating in the market are 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).

Lyncee Tec SA (Switzerland)

Lyncee Tec (Switzerland) was ranked the first in the Digital Holography Market in 2018. Lyncee is one of the leading companies offering 3D analysis instruments and related software. The company works in collaboration with competence centers & universities such as the Swiss Federal Institute of Technology (EPFL) (Switzerland) and the University of Lausanne for technological innovations. Over the years, it has strengthened its leadership in digital holography microscopy and has sharpened its focus on systems and software for the same. In June 2018, Lyncee introduced a Digital Holographic Camera. The camera provides marker-free non-invasive images of cells and allows to characterize them without perturbation. The launch helped the company to further strengthen its product portfolio.

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Holoxica Limited (UK)

Holoxica specializes in holographic 3D visualization technologies including digital holograms and holographic video displays. The company mainly focuses on two core lines of business, namely, developing a pioneering 3D holographic display system and designing innovative 3D holograms. The company offers light-field video displays, static digital holograms, graphics processors, visualization software and related applications, and services. It is engaged in research & development in the field of 3D holography and is also conducting research into a holographic 3D video display, designed to view images in real time as they are produced by medical scanners. In June 2019, the company demonstrated Looking Glass 3D display at Heriot Watt. The display offers full-color 3D images in real time. No glasses or headsets are required, and multiple viewers can see the 3D image simultaneously (typically 3 to 5 people). It can directly replace current AR/VR headsets, which are inconvenient, uncomfortable, and barriers to 3D visualization.

News Covered:

https://www.prnewswire.com/news-releases/digital-holography-market-worth-5-4-billion-by-2024--exclusive-report-by-marketsandmarkets-300988150.html 

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