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Showing posts with the label Digital Holography Market Growth

Unlocking Opportunities: Digital Holography Market Verticals and Regions

The global   Digital Holography Market  is expected to increase significantly, rising from USD 2.7 billion in 2020 to USD 5.4 billion by 2024. It is anticipated that this expansion will happen at a noteworthy 19.8% compound annual growth rate (CAGR). The development path includes a number of industries, including as microscopy, holographic display, and holographic telepresence, with uses in the automotive, medical, and commercial domains. Technological developments, especially in the areas of hardware and software, as well as growing industry acceptance are driving the market's expansion. A number of important factors are driving the rapidly expanding digital holography market. First, there has been a noticeable increase in demand for digital holography in the commercial and medical sectors, where it is used in many vital fields. Further propelling market expansion is the financial sector's growing adoption of digital holography for improved security measures. Also, the market

Commercial Applications of Digital Holography Market: An Untapped Market

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The   Digital Holography Market   is predicted to increase from USD 2.2 billion in 2019 to USD 5.4 billion by 2024, at a CAGR of 19.8%, according to a recent market research study by MarketsandMarkets. According to the report, the main factors influencing this growth are increasing demand for digital holography in industrial and commercial applications, growing reliance on digital holography microscopy for accurate measurements, and expanding use of digital holography in the financial sector for security. The paper also emphasises latent prospects in the APAC area, particularly in China, Japan, and South Korea, as well as potential markets for digital holography, such as the demand for holographic displays for near-to-eye applications. The digital holography business is, however, significantly constrained by the high cost of holographic goods, computational challenges in hologram acquisition and reconstruction, and a general lack of technological awareness. Lyncee Tec ( Switzerland ),

Digital Holography Market Size, Growth Drivers, SWOT Analysis 2024

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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 satisfactio