#Digital Holography Market analysis
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Digital Holography Market is expected to reach US$ 12.62 Bn. by 2030, at a CAGR of 19.8% during the forecast period.
#Digital Holography Market#Digital Holography Market size#Digital Holography Market growth#Digital Holography Market share#Digital Holography Market demand#Digital Holography Market analysis
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Heritage Tourism Market Expansion 2024-2033: Growth Drivers and Dynamics
Heritage Tourism Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size - The heritage tourism market size has grown strongly in recent years. It will grow from $573.34 billion in 2023 to $606.57 billion in 2024 at a compound annual growth rate (CAGR) of 5.8%. The growth in the historic period can be attributed to increase in affordability of tour packages, growth in demand for experiential travel and immersive experiences, growth in enhancement in the visitor experience at heritage sites, and increasing awareness of cultural preservation and sustainable tourism. The heritage tourism market size is expected to see strong growth in the next few years. It will grow to $771.50 billion in 2028 at a compound annual growth rate (CAGR) of 6.2%. The growth in the forecast period can be attributed to increasing demand for cultural festivals and events, growing educational opportunities, rise in religious and spiritual travel, increasing economic contribution, and increasing government support and initiatives. Major trends in the forecast period include integration of augmented reality (AR) and virtual reality (VR) to enhance the visitor experience, adoption of sustainable and eco-friendly tourism practices, innovation in personalized and customized heritage tour packages, development of 3D modeling and holography for exhibits, and advancements in digital platforms.
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Scope Of Heritage Tourism Market The Business Research Company's reports encompass a wide range of information, including:
Market Size (Historic and Forecast): Analysis of the market's historical performance and projections for future growth.
Drivers: Examination of the key factors propelling market growth.
Trends: Identification of emerging trends and patterns shaping the market landscape.
Key Segments: Breakdown of the market into its primary segments and their respective performance.
Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers - The growing popularity of historical events is expected to drive the growth of the heritage tourism market, as these significant occurrences from the past shape societies and cultures. This rising interest in historical events stems from improved educational resources, enhanced media representation, cultural trends, and new research perspectives, alongside a desire for understanding personal and societal contexts. Historical events contribute to heritage tourism by providing compelling narratives and attractions that attract visitors, enrich their understanding of cultural heritage, and stimulate local economies. For example, Historic England, a UK-based government agency, reported in January 2024 that visits to historic attractions in the UK increased by 11% in 2023 compared to 2022, with visits to places of worship more than doubling from the previous year and revenue from historic attractions rising by 10% in 2023. Therefore, the growing popularity of historical events is significantly driving the heritage tourism market.
Market Trends - Major companies operating in the heritage tourism market are focusing on technology integration to enhance the travel experience through seamless booking systems, real-time updates, and mobile apps that provide intuitive navigation, personalized recommendations, and efficient access to local attractions. This strategy aims to deliver a more efficient, personalized, and enjoyable experience for travelers streamline the travel process, making it more convenient and tailored to individual preferences. For instance, in November 2021, Myheritage, an Israel based software development company, partnered with Expedia Group to launch heritage travel hub. It is a technology-driven platform that enhances heritage tourism by leveraging digital tools to help users discover their ancestry and create travel itineraries rooted in their family history. This platform provides a thorough resource, offering tailored recommendations for cultural landmarks, historical sites, and culinary experiences across different countries where users might have ancestral connections. .
The heritage tourism market covered in this report is segmented –
1) By Type: Cultural Heritage, Natural Heritage, Intangible Heritage 2) By Accommodation: Farm Stays, Cottage Rentals, Eco-Lodges, Homestays 3) By Age Group: 30 And Under, 31 To 50, 51 To 70, 71 And Above 4) By Booking Channel: Online, Offline
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Regional Insights - Asia-Pacific was the largest region in the heritage tourism market in 2023. Middle East is expected to be the fastest-growing region in the forecast period. The regions covered in the heritage tourism market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies - Major companies in the market are TUI AG, Booking Holdings Inc., Expedia Group Inc., Carlson Wagonlit Travel (CWT), Airbnb Inc., BCD Travel, TripAdvisor Inc., Abercrombie & Kent USA LLC, Intrepid Travel Ltd., Travel Leaders Group LLC, Kesari Tours Pvt. Ltd., Collette Travel Service Inc., GetYourGuide Deutschland GmbH, Tauck, G Adventures Inc., ATG Travel Worldwide B.V., Wanderlust Travel Pvt.Ltd., Exodus Travels Limited, National Geographic Partners LLC, Trafalgar Tours Limited, EF Go Ahead Tours, Heritage Expeditions Ltd., Martin Randall Travel Ltd., ACE Cultural Tours Ltd., Context Travel
Table of Contents
Executive Summary
Heritage Tourism Market Report Structure
Heritage Tourism Market Trends And Strategies
Heritage Tourism Market – Macro Economic Scenario
Heritage Tourism Market Size And Growth …..
Heritage Tourism Market Competitor Landscape And Company Profiles
Key Mergers And Acquisitions
Future Outlook and Potential Analysis
Appendix
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Digital Holography Industry Key Vendors, Manufacturers, Suppliers and Analysis Industry Report 2030
Digital Holography Industry Overview
The global digital holography market size was valued at USD 3.24 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 18.8% from 2023 to 2030.
Digital holography in medical applications has gained popularity due to its ability to provide detailed and realistic representations of anatomical structures. Healthcare professionals can utilize this technology for improved diagnostic accuracy, patient communication, and precise treatment interventions. Furthermore, the digital holography demand is increasing due to its uses for anti-counterfeiting measures in sectors such as currency, pharmaceuticals, and consumer goods. Holography provides enhanced security features that help protect products, ensure authenticity, and combat the issue of counterfeiting, leading to its growing adoption worldwide.
Gather more insights about the market drivers, restrains and growth of theDigital Holography Market
Digital holography is a technique that captures and reconstructs three-dimensional images using digital sensors and computational algorithms. It enables the creation of realistic and interactive holographic displays, allowing viewers to experience virtual objects in a lifelike manner. Digital holography offers several benefits, such as enabling realistic visualization of three-dimensional objects and providing a more immersive and interactive experience than that of traditional 2D displays. Furthermore, it enables non-contact and non-destructive measurements in various fields, such as biomedical imaging and metrology.
Accurate measurement and analysis of microscopic objects are essential in manufacturing, research, and quality control. Digital holography microscopy is a valuable technology that provides high-resolution 3D images, enabling precise measurements of size, shape, and surface characteristics. Digital holography technology is used in various industries, such as nanotechnology, material science, and biological research, where precise measurements are crucial for scientific advancements, quality assurance, and optimizing manufacturing processes. For instance, in the semiconductor industry, digital holography microscopy is used to measure the dimensions and surface roughness of microchips, ensuring their quality and performance meet the required standards.
One of the growth factors of the digital holography industry is the higher adoption rate of holographic displays in advertising and events. These displays offer a unique and immersive way to showcase products, services, or performances, capturing audiences' attention. Advertisers and event organizers are increasingly leveraging holographic displays to create captivating experiences that leave a lasting impact on viewers. This trend has increased brand awareness, customer engagement, and overall event success. As the adoption of holographic displays continues to rise, businesses in the digital holography industry can capitalize on this demand and drive further market growth.
Browse through Grand View Research's Next Generation Technologies Industry Research Reports.
The global unmanned surface vehicle market size was valued at USD 1,586.1 million in 2023 and is expected to grow at a CAGR of 11.9 % from 2024 to 2030.
The global military sensors market size was estimated at USD 11.40 billion in 2023 and is expected to grow at a CAGR of 6.9% from 2024 to 2030.
Digital Holography Market Segmentation
Grand View Research has segmented the global digital holography market based on offering, dimension, application, end-use vertical, and region:
Digital Holography Offering Outlook (Revenue, USD Million, 2017 - 2030)
Hardware
Software
Digital Holography Dimension Outlook (Revenue, USD Million, 2017 - 2030)
Two-dimensional (2D)
Three-dimensional (3D)
Digital Holography Application Outlook (Revenue, USD Million, 2017 - 2030)
Holographic Microscopy
Holographic Imaging
Holographic Telepresence
Others
Digital Holography End-use Vertical Outlook (Revenue, USD Million, 2017 - 2030)
Healthcare
Automotive
Aerospace & Defense
Education
Consumer Electronics
Entertainment
Others
Digital Holography Regional Outlook (Revenue, USD Million, 2017 - 2030)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Asia Pacific
China
India
Japan
South Korea
Australia
Latin America
Brazil
Mexico
Middle East & Africa
Kingdom of Saudi Arabia (KSA)
UAE
South Africa
Key Companies & Market Share Insights
The market is fragmented and has the presence of several key players. The prominent players are adopting strategies such as partnerships and collaborations to gain a competitive edge. For instance, in January 2022, RealFiction and AmTRAN formed a strategic alliance to develop ECHO holographic display products. The ECHO holographic display system creates highly realistic and immersive visual experiences for various industries, including retail, exhibitions, and events. The collaboration brings together RealFiction's holographic technology expertise with AmTRAN's manufacturing capabilities and global distribution network.
Some prominent players in the global digital holography market include:
Lyncee TEC SA
RealView Imaging
Phase Holographic Imaging AB (PHI)
EON Reality, Inc.
Holmarc Opto-Mechatronics
Holotech Switzerland AG
Geola Digital Uab
Leia Inc.
Ovizio imaging systems
RealFiction
Himax Technologies, Inc.
MetroLaser
HYPERVSN
VividQ Ltd
SAMSUNG
Meta
Order a free sample PDF of the Digital Holography Market Intelligence Study, published by Grand View Research.
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Digital Holography Market Strategic Forecasting and Analysis of Key Regions 2023-2030
The Evolution of Digital Holography in Modern Technology
In the world of visual technology, digital holography emerges as a captivating frontier, transcending the limits of traditional imaging and unlocking new dimensions of perception. From healthcare and automotive to entertainment and research, digital holography is redefining how we visualize and interact with the world around us. Join us on a captivating journey through the innovative landscape of the digital holography market, uncovering its significance, applications, and the driving forces behind its remarkable growth.
Unveiling Digital Holography: A Paradigm Shift in Imaging
Digital holography represents a revolutionary approach to imaging, enabling the capture and reconstruction of three-dimensional scenes with unparalleled detail and realism. Unlike traditional photography or video, which capture only the intensity of light, digital holography records both the intensity and phase information of light waves, allowing for the recreation of lifelike holographic images. This transformative technology has found applications across a diverse array of industries, from medical diagnostics and manufacturing to security and entertainment.
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Applications Across Industries
The versatility of digital holography has led to its adoption in a wide range of industries, each leveraging its unique capabilities to address specific challenges and unlock new opportunities. Here's a glimpse into some of the groundbreaking applications powered by digital holography:
Medical Imaging: In the field of healthcare, digital holography is revolutionizing medical imaging and diagnostics. From non-invasive 3D imaging of tissues and organs to real-time monitoring of cellular processes, digital holography enables doctors and researchers to visualize biological structures with unprecedented clarity and precision.
Automotive Engineering: In the automotive industry, digital holography is driving advancements in design, testing, and manufacturing. From inspecting components for defects and imperfections to simulating vehicle performance and aerodynamics, digital holography provides engineers with detailed insights into complex systems and processes.
Security and Authentication: In the realm of security and authentication, digital holography is used for biometric identification, counterfeit detection, and document verification. By creating unique, tamper-proof holographic patterns, digital holography ensures the authenticity and integrity of valuable assets and sensitive information.
Entertainment and Visualization: In the realm of entertainment and visualization, digital holography is creating immersive experiences and captivating visual effects. From holographic displays and virtual reality (VR) environments to interactive art installations and live performances, digital holography captivates audiences and transports them to fantastical worlds.
Key Players and Market Dynamics
The digital holography market is characterized by a diverse ecosystem of manufacturers, technology providers, and end-users, each driving innovation and market growth. Leading players such as Holoxica Limited, Lyncee Tec SA, RealView Imaging Ltd., and Leia Inc. are at the forefront of digital holography development, pushing the boundaries of what is possible with holographic imaging technology.
Several factors are driving the growth of the digital holography market, including:
Advancements in Imaging Technology: Ongoing advancements in imaging technology, including improvements in sensor resolution, computational power, and holographic reconstruction algorithms, are driving the development of more advanced and accessible digital holography solutions.
Rise of Augmented and Virtual Reality: The growing popularity of augmented reality (AR) and virtual reality (VR) applications is driving demand for immersive and interactive holographic displays and environments, spurring investment and innovation in the digital holography market.
Emerging Applications in Healthcare and Manufacturing: The adoption of digital holography in healthcare diagnostics, manufacturing quality control, and scientific research is driving demand for specialized holographic imaging systems and solutions tailored to the needs of these industries.
Integration with Emerging Technologies: The integration of digital holography with emerging technologies such as artificial intelligence (AI), machine learning, and 5G connectivity is enabling new capabilities and applications, from real-time holographic video conferencing to holographic telepresence and remote collaboration.
Looking Ahead: A Future of Infinite Possibilities
As digital holography continues to evolve and expand into new industries and applications, the future of holographic imaging holds infinite possibilities. From transforming medical diagnostics and manufacturing processes to revolutionizing entertainment and communication, digital holography has the potential to reshape how we perceive and interact with the world around us. As we embrace the promise of digital holography technology, let us continue to push the boundaries of what is possible and unlock new frontiers of innovation and discovery.
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3D Displays Market Industry Analysis, Revenue, Future Development & Forecast 2023-2032
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The 3D displays market refers to the industry that involves the production, distribution, and use of three-dimensional display technologies. 3D displays are designed to provide a depth perception effect, allowing viewers to perceive images or videos as if they have depth and are popping out of the screen.
The market for 3D displays has experienced significant growth and evolution over the years. Initially, 3D displays were primarily used in specialized applications such as medical imaging, engineering design, and scientific visualization. However, with advancements in technology and increased consumer demand, 3D displays have become more accessible and are now commonly used in various industries and consumer electronics.
3D Display Market Size Growing at 18.9% CAGR Set to Reach USD 595.2 Billion By 2032
There are different types of 3D display technologies available in the market, including:
Stereoscopic Displays: These displays use techniques such as active shutter glasses or passive polarized glasses to present slightly different images to each eye, creating a stereoscopic effect.
Autostereoscopic Displays: Autostereoscopic displays, also known as glasses-free 3D displays, provide a 3D effect without the need for special glasses. They use techniques like lenticular lenses or parallax barriers to create multiple viewing angles, allowing viewers to see 3D content without glasses.
Holographic Displays: Holographic displays use the principles of holography to create three-dimensional images in space. They offer a more immersive experience by projecting light fields that appear as solid objects with depth and can be viewed from different angles.
Overall, the 3D displays market is expected to continue growing as technology advances and more applications are discovered. The market will likely witness innovations in display resolution, viewing angles, and glasses-free 3D technologies to enhance the user experience and expand the range of applications for 3D displays.
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Market Segmentations:
Global 3D Displays Market: By Company • AU Optronics • Dimenco • HannStar Display • Holografika • Innolux Corporation • LG Electronics • Panasonic • Samsung Electronics • Sharp • Sony • Toshiba • Tridelity • Universal Display Corporation • ViewSonic Global 3D Displays Market: By Type • Liquid Emitting Diode (LED) • Organic Light Emitting Diode (OLED) • Digital Light Processing (DLP) • Plasma Display Panel (PDP) Global 3D Displays Market: By Application • Automotive • Aerospace & Defense • Gaming • Retail • Others Global 3D Displays Market: Regional Analysis All the regional segmentation has been studied based on recent and future trends, and the market is forecasted throughout the prediction period. The countries covered in the regional analysis of the Global 3D Displays market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.
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Medical Holography Market Key Players, Opportunities and Global Industry Analysis Till 2023
A holography is a method of producing a three-dimensional image of an object using an interference pattern. The existing 3D technologies such as 3D-CT, 3D rotational angiography, 3D-ultrasound revolutionized medicine because they allowed doctors to see an individual patient's anatomy without cutting into the body. The exceptional penetration rate of holography products is attributable to the natural benefits of this technology over conservative alternatives, which influence companies to work further toward developing these products for subsequent commercialization.
The global Medical Holography Market is majorly driven by factors such as rapid adoption of holography technology by medical fraternity for applications such as medical education, dentistry, orthopedics, increasing applications of holography in diagnostic imaging to visualize complex 3D structures in human body and biomedical research recent technological advancements in holography products are expected to significantly contribute to the growth of the market throughout the forecast period.
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Technological advances in hologram recording techniques in the recent years and the availability of tools for interpretation of holographic interferograms should boost its usage in the field of urology, pathology, ophthalmology, and orthopedics. Moreover, endoscopic holography should emerge as a powerful tool for non-contact high resolution and non-invasive measurements inside the human organs.
The market for Medical holography will grow very rapidly at a rate of 32% CAGR during the forecasted period 2017-2023. The market is expected to reach USD 3.5 billion during the forecasted period.
Industry updates:
Nov, 2016 Holoxica Limited introduced a holographic 3D digital human anatomy atlas prototype for neuroscience. This product impacted medical science giving neurosurgeons and clinicians insights into identifying, diagnosing and treating a wide range of neurological conditions.
Dec, 2015 Japan scientists developed touchable holograms, which are to be adopted in wide range of applications in the future, to enable improved demonstration of biological processes and procedures.
Nov, 2015 Zebra Imaging acquired Rattan, a software-consulting firm. This acquisition was carried out to accelerate the integration of advanced 3D light-field technology in their array of holographic display products.
Dec, 2014 Bristol University developed a touchable holographic display through the generation of air disturbances using ultrasound to create 3D haptic shapes.
Oct, 2014 Zebra Imaging entered into a partnership with Zygote Media Group to develop advanced 3D biomedical models to visualize human anatomy.
Oct, 2013 RealView Imaging Ltd. and Royal Philips completed an assessment of live 3D holographic imaging, which facilitates 3D interaction and facilitates minimally-invasive structural heart disease procedures.
Sept, 2012 Zebra Imaging, Inc.’s digital print technologies have proven useful in medical, military, retail, and other commercial disciplines. This acquisition will add new products to HoloTech AG’s product portfolio, which will also help the company to expand its presence in holographic digital print operations.
Global Medical holography Market – Regional:
Geographically, the regional market is segmented into America, Europe, Asia Pacific, and the Middle East & Africa.
America accounts the larger market for the hologram machines. As the early adoption of new technologies and more R&D is being carried out in this region. North America is the largest market for the hologram machines which is led by the United States. The adoption of new technology is more in this region as the research and development is also more and developing day by day.
Europe is the second largest market as it also has the advanced technologies and its own R&D. The region is also having its own set of regulations for the medical regulations. The expenditures are also more by the government bodies for the healthcare and adoption for the new and sophisticated technologies.
The Asia-Pacific region is witnessing fast growth in this region because of the rising factors such as healthcare spending, improving healthcare infrastructure in developing economies such as China, India, and South Korea, and growing awareness regarding the usage of holography products in medical applications.
The Middle East and Africa region is growing slowly due to factors like large number of unskilled labours, illiteracy is more, and economic development is slow.
Real View Imaging (Israel), Echo Pixel (CA), Integraf (USA), Royal Philips (Netherland), Zebra imaging, Eon Reality (US), Nano live SA (Switzerland), Holoxcia (Engalnd), Lyncee Tec (Switzerland), Mach 7 Technologies, General Electric Company, DPL Industri A/S Denmark, Olomagic, Arnold Herzig GmbH and others are some of the prominent players at the forefront of competition in the global medical holography treatment market and are profiled in MRFR Analysis.
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4 common kinds of market research you should need to know in 2022
When you have a query about your consumers or contestants, market research is the best path to find answers. Market research can also helps you to get knowledge about the share prices of any market like nanowire battery market shareprice, telecommunication market share price, etc.
But there are a number of ways you can go down, and each one will provide you with an apart slice of the riddle.
Below are four frequently utilized kinds of market research. Which one should you utilize? That depends on the data you require and your specific business aim.
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Customer decision journey
You must perceive that by surveying customers for an exclusive category of products or for a specific brand, you can determine various things about their decision journey:
Their motivation for buying your item or service
How they decide amid competing items or brands
Their unmet necessity with existing items on the market
These insights can inform a company on what channels to utilize to market to their customers, what new facilities to build into their products, and how they can detach themselves from contestants.
Pricing
Whether you are deciding on an amount for a new product or optimizing the amount for a current product like if you are from the aircraft computers market first of all you have to decide the amount of your product after taking an idea from the current market because pricing research helps determine the amount elasticity of a product based on a given consumer segment and set of the facility.
You can get to cognize which features and capacities a consumer is ready to pay a premium for and which kinds of customers are more price-sensitive. You can then create an apart pricing scheme based on who a consumer is, and what features you’re including.
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Market segmentation
Researching market division is vital, as it gives valuable information on consumer demographics, necessities, values, attitudes, and behaviors. Like you can get an idea about digital holography market growth through market research.
Product development
Product development research is utilized when introducing new items, concepts, or brands, or adding a new product line to an existing product suite. For example, in the packaging market, a new innovation has come and that is packaging market consultancy because this market is growing day by day that’s why its consultancy business is also growing and modifying its area.
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Digital Holography Market Demand (2027) | Covering Products, Financial Information, Developments, SWOT Analysis And Strategies
Stratview Research has launched a new report on the Digital Holography Market, which is segmented by Product Type, by Application Type, by Material Type, and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
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The Digital Holography Market is likely to witness an impressive CAGR of 6.7% during the forecast period. The prime factor that is contributing to the demand for Digital Holography is the increasing demand for Digital Holography in various industries.
This report on the Digital Holography Market has been put together covering various companies of the industry from different geographies. The study is a perfect blend of qualitative and quantitative research highlighting vital market developments, challenges and competition that the industry might face, along with opportunities and trends available in the Digital Holography Market. The report intends to present a thorough analysis of the Digital Holography Market and provide cutting-edge market intelligence to help decision makers undertake a sound investment evaluation. Besides, the report also classifies and analyses the emerging trends along with major growth drivers.
Digital Holography Market Outlook
In the report, the market outlook section mainly encompasses fundamental dynamics of the market which include drivers, restraints, opportunities and challenges faced by the industry. Drivers and Restraints are intrinsic factors whereas opportunities and challenges act as extrinsic factors affecting the market. The report aims at answering several key questions concerning the overall profitability in the market.
Few key players operating in the Digital Holography Market are-
• Lyncee TEC SA
• Holoxica Limited
• Realview Imaging
• Eon Reality
• Phase Holographic Imaging AB (PHI)
• Holotech Switzerland AG (Zebra Imaging)
• Holmarc Opto-Mechatronics.
Growth drivers and Market Value:
This report, from Stratview Research Digital holography market value and growth drivers over the trend period of 2022-27. According to the report -
Digital holography market is likely to witness an impressive CAGR of 19.5% during the forecast period. The prime factors that are contributing to the demand for digital holography is mainly the increasing demand in medical and commercial applications, increasing usage of digital holography microscopy for precise measurements.
Segment Analysis:
Based on by Offering Type:
Based on the offering type, the market is segmented as hardware and software. The hardware segment held the larger share of the market in 2021, whereas the software segment is expected to remain the faster-growing segment during the forecast period. Hardware components comprise beam splitters, lasers, CCD or CMOS cameras, beam combiners, spatial filters, mirrors, projection devices, and digital micromirror devices. The CCD or CMOS cameras are the most important components for image acquisition and their cost is also higher than that of other components, which are used in digital holography. These are the factors propelling the growth of the segment during the forecast period.
Based on Regional:
In terms of regions, North America is estimated to remain the largest market, whereas Asia-Pacific is expected to be the fastest-growing digital holography market during the forecast period. The growth of the market is driven by the U.S’ growing commercial spaces coupled with the escalated demand for holographic displays and the presence of a large number of digital holography manufacturers in the North American region. Europe is also expected to offer substantial growth opportunities during the forecast period.
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The escalating demand for high-end technological solutions in the manufacturing and healthcare industries is primarily driving the digital holography market. Read more: https://www.digitaljournal.com/pr/digital-holography-market-report-share-size-growth-global-leading-players-industry-updates-andfuture-business-prospects
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Medical Holography Market Growth, Analysis, Latest Trends and Forecast till 2027
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Global Medical holography Market - Overview
The market for Medical holography Market Size will grow very rapidly at a rate of 32% CAGR during the forecasted period. The market is expected to reach USD 3.5 billion during the forecasted period.
Holography is a wider domain of medical science along with being a pioneer in the domain of medical imaging. This is a physical structure which diffracts light in the image utilizing a photographic record. Presently, medical holography is extensively used in the healthcare domain for research, medical check-up and body scanning. The various benefits associated with this technique include precise coordination in diagnostic and interventional applications, creating live images, enhanced training, minimal invasion, quicker recovery, less trauma and minimal blood loss in comparison to invasive surgery.
There are numerous factors that is driving the growth of the medical holography market. These factors according to MRFR (Market Research Future) report include increase in R&D activities being conducted by leading biotechnological and pharmaceutical companies, increasing clinical application in dentistry, surgical and radiological procedures, cardiac electrophysiology and orthopedics, emerging technological innovations namely advanced miniaturized light emitting diodes and projectors that helps it deliver holographic images of high clarity. The additional factors include less invasive, improved safety profile, improved patient outcomes, advancements in technology, rapid adoption of holography by the medical fraternity, and increasing use in diagnostic imaging for visualizing complex 3D structures. On the contrary, soaring price of holography products may act a major restraint in the medical holography market over the predicted years.
Market Segmentation
MRFR report offers a complete segmental analysis of the applications of holography on the basis of medical applications and type.
Based on type, it is segmented into, hybrid hologram, transmission hologram and reflection hologram. The hybrid segment is again segmented into computer generated hologram, multichannel hologram, holographic interferometry, integral holograms and embossed hologram.
Based on medical application, the medical holography market is segmented into holography in orthopedic, holography in dentistry, holography in ophthalmology, holographic light-in-flight recording method, multiplexed holography for medical tomography, endoscopic holography and x-ray holography. The ophthalmology segment again is segmented into diffractive bifocal intraocular lens and endoscopic holography segment is again segmented into external hologram recording endoscope and internal hologram recording endoscope.
Industry updates:
Nov, 2016 Holoxica Limited introduced a holographic 3D digital human anatomy atlas prototype for neuroscience. This product impacted medical science giving neurosurgeons and clinicians insights into identifying, diagnosing and treating a wide range of neurological conditions.
Dec, 2015 Japan scientists developed touchable holograms, which are to be adopted in wide range of applications in the future, to enable improved demonstration of biological processes and procedures.
Nov, 2015 Zebra Imaging acquired Rattan, a software-consulting firm. This acquisition was carried out to accelerate the integration of advanced 3D light-field technology in their array of holographic display products.
Dec, 2014 Bristol University developed a touchable holographic display through the generation of air disturbances using ultrasound to create 3D haptic shapes.
Oct, 2014 Zebra Imaging entered into a partnership with Zygote Media Group to develop advanced 3D biomedical models to visualize human anatomy.
Oct, 2013 RealView Imaging Ltd. and Royal Philips completed an assessment of live 3D holographic imaging, which facilitates 3D interaction and facilitates minimally-invasive structural heart disease procedures.
Sept, 2012 Zebra Imaging, Inc.’s digital print technologies have proven useful in medical, military, retail, and other commercial disciplines. This acquisition will add new products to HoloTech AG’s product portfolio, which will also help the company to expand its presence in holographic digital print operations.
Global Medical holography Market – Regional:
By region, the digital holography market covers growth opportunities and latest trends across North America, Europe, Asia Pacific and Middle East and Africa. Of these, North America will remain at the helm in the medical holography market over the predicted years owing to more research and development being carried out here coupled with early adoption of novel technologies. The US is the key contributor here. In Europe, the medical holography market will have the second major share owing to advanced technologies, their own research and development and own medical regulations, adoption of sophisticated and new technologies and more expenditure made on healthcare by the government bodies. The medical holography market in the APAC region will grow at the fastest pace owing to increasing awareness of the use of holography in medical applications, healthcare spending and improved healthcare infrastructure especially in the South Korea, India and China. On the other hand, the medical holography market in the Middle East and Africa will grow at a slow pace owing to slow economic development, more illiteracy and unskilled labor.
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Digital Holography Market Report Growth Prediction, Market Trends, Upcoming Trends and Opportunity Assessment | Impact of COVID-19
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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