With a CAGR of 19.8%, the Digital Holography Market is anticipated to increase from USD 2.7 billion in 2020 to USD 5.4 billion by 2024. The rising demand for digital holography in healthcare and research & education applications is credited with driving the market's expansion. The market is divided into segments based on area, technology, offering, application, vertical, and process. Due to the increasing demand for digital holography gear, including cameras, microscopes, and holographic displays, the hardware category now maintains the greatest market share. The microscopy application is anticipated to develop at the greatest CAGR throughout the projected period, while the commercial vertical is anticipated to have the largest market share.

The market is expanding as a result of rising demand for digital holography in industrial and commercial applications, financial sector adoption of the technology for security, and expansion of the usage of digital holography microscopes for accurate measurements. The market's expansion will be significantly hampered by the high price of digital holographic products, the computational complexity of hologram acquisition and reconstruction, and the general lack of technological awareness in the marketplace. Possibilities for the digital holography market include latent demand from APAC nations, particularly China, Japan, and South Korea, as well as potential demand for holographic displays for near-to-eye applications.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=136623896

Software offerings to grow at higher CAGR during forecast period

Throughout the projected period, a higher CAGR is anticipated in the market for software offerings for digital holography. Holographic image reconstruction relies heavily on software algorithms, which are used by modern systems to quickly produce high-quality images with 3D visualisation. Computerized techniques are being employed for image processing, which is likely to propel the development of software packages for projection, imaging, and reconstruction applications as the focus on digital holographic displays and holographic telepresence grows. The demand for software components is anticipated to increase during the projection period because they are continuously improved, making image processing more efficient and accurate. Hardware components are a one-time investment.

Digital holographic microscopy to register highest CAGR during forecast period

Due to its broad range of applications across numerous industries, the digital holographic microscopy (DHM) market is anticipated to have the highest compound annual growth rate (CAGR) throughout the time of forecasting. For the real-time projection of 3D images of living cells, DHM has become more significant in the medical and biomedical fields. DHM is employed in academic and commercial material science research. DHM is a desirable choice for in vivo imaging because it is non-destructive, non-contact, and marker-free. The benefits of DHM, including its high collection rate, non-destructive capabilities, and ability to monitor physiological and pathological activity in cell and tissue culture, are some of the main forces for its acceptance in medical applications.

Commercial vertical to hold largest size of digital holography market during forecast period

The report predicts that over the forecast period, the commercial vertical would hold the greatest share of the digital holography market. In this vertical, which also encompasses the financial, hotel, retail, and corporate sectors, digital holographic technology is being used for a variety of purposes, including live events, product launches, advertising, and promotions employing interactive kiosks and digital signs. Retailers are using digital holographic displays to increase customer engagement by offering unique experiences. The market is expanding as a result of the growing use of digital holographic displays for marketing and advertising in the commercial sector.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/digital-holography-market-136623896.html

Market in APAC is expected to grow at highest CAGR during next 5 years

The digital holography market is anticipated to grow significantly in the Asia-Pacific (APAC) region over the next five years, with the highest Compound Annual Growth Rate (CAGR). The area provides a wealth of prospects for the creation and use of innovative technology. The increase in commercial space availability and rising customer interest in realism in 3D imaging systems are both factors contributing to the region's expanding demand for digital holography systems. Most of the demand in the region is anticipated to come from the Chinese market. Digital holography technology is employed in many different areas, including the medical, commercial, and aerospace and defence sectors.

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) are a few of the leading players in this market. The other players operating in the digital holography market include MetroLaser (US), MDH Hologram (UK), Holotronica (UK), Light Logics Holography and Optics (India) Digitos Technologies (India), and Trimos (Switzerland). Whereas, Jasper Display Corp. (Taiwan), HOLOEYE Photonics (Germany), MIT Media Lab (US), and Fraunhofer IMP (Germany), are key innovators operating in this space.

News Covered:

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

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Visit Our Website: https://www.marketsandmarkets.com