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Digital Holography Market

Digital Holography Market

by Type (Hardware, Software), by Application (Digital Holographic Microscopy, Digital Holographic Display, Holographic Telepresence), by Vertical (Automotive, Aerospace and Defense, Healthcare, Consumer Electronics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031

Report Code: A09459
Pages: 319
Dec 2022 | 2533 Views
Author(s) : Vaishnavi M , Vineet K
Tables: 134
Charts: 55
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Digital Holography Market Research, 2031

The global digital holography market size was valued at $5 billion in 2021, and is projected to reach $23.1 billion by 2031, growing at a CAGR of 16.7% from 2022 to 2031.

The imaging technique that does not require an imaging lens is digital holography. It requires two waves to obtain amplitude as well as quantitative phase images simultaneously to create hologram. There is a wide range of practical possibilities of use of digital inline holography in different sectors, including engineering, medical technology, pharmaceutical, food & beverages, telecommunications, automotive, entertainment, and others. These displays are highly beneficial for products, processes, and procedures that require a lot of explanation profit innovatively.

Surge in demand for holographic displays for medical applications, such as endoscopy and X-ray, is the prime reason that drives the growth of the holographic display industry during the forecast period. Further, higher adoption rate of holographic displays for advertising and events accelerates the holographic display market growth rapidly. Moreover, holographic displays can be customized according to industry-specific needs, which is opportunistic for market growth. Considering these factors, the digital holography market is estimated to experience gradual growth in future.

Adoption of digital holography in high-end cars offers a lucrative growth opportunity for the digital holography market during the forecast period. However, the high cost of digital holography products and lack of awareness about holographic display act as major restrains for the holographic display market growth. The emergence of the global pandemic has acted as a prime drawback for manufacturing and selling industries. COVID-19 pandemic has adversely impacted the digital holography market as a huge workforce of enterprises across the globe is working from home. This has led to a decline in advertising expenditure, which, in turn, reduced the demand for digital holography products.

Global digital holography market has been severely impacted by the outbreak of the COVID-19 pandemic. Because it had a negative influence on supply lines, which hurt sales in sectors including electronics and autos. However, from Q1 of 2022, the automotive and electronics industries supply chains started to recover, and these sectors income showed signs of good momentum. This helped to boost the market for digital holography. The major adoption of digital holography was reported as higher due to the high emphasis on remote working and learning practices following the rise in the requirement of holographic display. Key players operating in the global automotive data cables industry temporarily witnessed a slowdown, owing to lack of availability of skilled professional to develop digital holography solutions, which has led to decline in revenues for the financial year 2020 to 2021. However, it is expected that the market will recover from 2021 and remain in the growth stage during the forecast period.


Digital Holography Market

The digital holography market is segmented into Type, Application and Vertical.

Digital Holography Market
By Type

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Software segment was the highest revenue contributor, accounted for largest share in 2021.

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By type, the market is classified into hardware and software. Software segment dominated the digital holography industry, in terms of revenue in 2021, and is expected to follow the same trend during the forecast period.

Digital Holography Market
By Application

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Digital holographic display accounted for the largest share in 2021 and is expected to follow the same trend during the forecast period.

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By application, it is categorized into digital holographic microscopy, digital holographic display, and holographic telepresence. The digital holographic display segment dominated the digital holography industry, in terms of revenue in 2021, and is expected to follow the same trend during the forecast period.

Digital Holography Market
By Vertical

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Consumer elctronics dominated the market in 2021.

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By vertical, digital holography market overview is classified into automotive, aerospace and defense, healthcare, consumer electronics and others. Consumer electronics had significant digital holography market share in 2021, owing to emerging applications in offices for presentations, interactive kiosk and others. Moreover, the healthcare segment had significant market share in 2021, because it enables proper study of the medical condition of patients.

Digital Holography Market
By Region

2031
Asia-pacific 
North America
Europe
LAMEA

Asia-Pacific represented largest share in 2021.

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Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries. Asia-Pacific was the highest revenue contributor to the digital holography market growth.

COMPETITION ANALYSIS

Competitive analysis and profiles of the key digital holography market leaders include Lyncee TEC SA, Holoxica Limited, EON Reality, Inc., Phase Holographic Imaging AB (PHI), Holotech Switzerland AG, Holmarc Opto-Mechatronics, Geola Digital Uab, Leia Inc., RealView Imaging,and Ovizio imaging systems. These key players adopt several strategies such as new product launch and development, acquisition, partnership and collaboration and business expansion to increase the digital holography market share during the forecast period.

  • In November 2021, Holoxica showcased the 5G-to-5G holographic 3D video Holoxica made a partnership with the Scotland 5G Centre to showcase the 5G-to-5G holographic 3D video chat. Through this partnership, holographic video calls go from laboratory testing to actual daily use in offices and homes.
  • In August 2021, Leia, Inc., launched the 3D Lume Pad. The high-performance Android 10.8-inch tablet projects images in true 3D off the screen and deeper into it, visible to the naked eye. The Lume Pad supports all the apps and features of a premium tablet and, with the touch of a button, converts photos and videos to 3D in real time for streaming, creating, and sharing.

Country-wise, the China acquired a prime share in the digital holography market in the Asia Pacific region and is expected to grow at a significant CAGR during the forecast period of 2019-2031.China holds major market share in terms of revenue generation from the sale of digital holographic display because of the higher presence of presence of the cable manufacturers.

In Europe, the UK, dominated the digital holography market, in terms of revenue, in 2021 and is expected to follow the same trend during the forecast period. However, Germany is expected to emerge as the fastest-growing country in Europe's digital holography with a notable CAGR, advancement of technology across industry verticals is a crucial factor that contributes to the growth of the digital holography and thus creates lucrative growth opportunities for the digital holography market in Germany.

In North America, U.S. is expected to emerge as a significant market for the digital holography industry, the manufacturers are investing significantly in R&D that can overcome technical challenges such as bandwidth requirement and computation using holographic technology. On 13th January 2021 Ikin, a developer of a holographic technology based in the U.S., announced that it will develop a holographic glasses-free technology called Ryz that connects to phones and offers a way to share 3D images with others.

By LAMEA region, the Latin America country garner significant market share in 2021 In Latin America, the rise in demand for enhanced technologies in countries, such as Dubai, Abu Dhabi, Oman, Saudi Arabia, and others, these factors are expected to reshape the growth of digital holography market in the Middle East.

TOP IMPACTING FACTORS

Significant factors impacting the growth of the digital holography market include surge in demand for digital holography for medical applications, and higher adoption rate of holographic displays for advertising and events. However, high cost associated with digital holography products hampers market growth. Furthermore, rise in demand for holographic displays in automotive sector. provides lucrative opportunities to the market growth.

KEY BENEFITS FOR STAKEHOLDERS

  • This study comprises an analytical depiction of the market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall digital holography market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The current global digital holography market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the digital holography market.
  • The report includes the market share of key vendors and global digital holography market trends.

Digital Holography Market Report Highlights

Aspects Details
Market Size By 2031 USD 23.1 billion
Growth Rate CAGR of 16.7%
Forecast period 2021 - 2031
Report Pages 319
Type
  • Hardware
  • Software
Application
  • Digital Holographic Microscopy
  • Digital Holographic Display
  • Holographic Telepresence
Vertical
  • Consumer Electronics
  • Others
  • Automotive
  • Aerospace and Defense
  • Healthcare
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (UK, Germany, France, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Lyncee TEC SA, RealView Imaging, Holoxica Limited, EON Reality, Inc., Phase Holographic Imaging AB (PHI), Holotech Switzerland AG, Holmarc Opto-Mechatronics, Geola Digital Uab, Leia Inc., ovizio imaging systems
 

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The digital holography market is expected to leverage high potential for the consumer electronics and healthcare sector during the forecast period. The current business scenario is witnessing an increase in demand for holographic display, particularly in developing regions such as China, India, and UK, owing to increase in advancements in holography products. Companies in this industry are adopting various innovative techniques such as mergers and acquisition activities to strengthen their business position in the competitive matrix.

The major factor that drives the growth of the digital holography market across Asia-Pacific is the immense digital needs of emerging economies with high populations in countries such as such as China, India, and Indonesia. In addition, Market players are looking to launch new products to strengthen their market position. For instance, in 2020, Samsung developed a prototype thin-panel device that can display 4k resolution 3D images with a wide viewing angle. The device’s holographic display allows high-resolution 3D videos to be viewed from various angles and is so thin it can be incorporated into a smartphone. This is a key development for market growth.

Digital Holography products such as holographic displays, holographic microscopy and holography telepresence are gaining positive attention as it offers spectacular results to visual effects when used in promotions using digital signage, product launches, shows, live events, and interactive kiosks, presentations, exhibitions, & conferences. Furthermore, the growth of end-user industries is also escalating significant demand for digital holography. Key digital holography market leaders profiled in the report include Lyncee TEC SA, Holoxica Limited, EON Reality, Inc., Phase Holographic Imaging AB (PHI), Holotech Switzerland AG, Holmarc Opto-Mechatronics, Geola Digital Uab, Leia Inc., RealView Imaging and Ovizio imaging systems.

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FREQUENTLY ASKED QUESTIONS?

A. The digital holographic display is the leading application of digital holography market.

A. Asia-pacific is the largest regional market for digital holography.

A. The global digital holography market was valued at $5,035.7 million in 2021.

A. The key trends include surge in demand for digital holography for medical applications, and higher adoption rate of holographic displays for advertising and events.

A. Lyncee TEC SA, Holoxica Limited, EON Reality, Inc., Phase Holographic Imaging AB (PHI), Holotech Switzerland AG are the top companies to hold the market share in digital holography.

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