Portland, OR, Feb. 01, 2023 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global digital holography market was estimated at $5 billion in 2021 and is expected to hit $23.1 billion by 2031, registering a CAGR of 16.7% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report coverage & details:
| Forecast Period | 2022–2031 |
| Base Year | 2021 |
| Market Size in 2021 | $5 Billion |
| Market Size in 2031 | $23.1 Billion |
| CAGR | 16.7% |
| No. of Pages in Report | 319 |
| Segments Covered | Type, Application, Vertical and Region. |
| Drivers | Rising need of digital holography for medical applications |
| Propelling demand of holographic displays for advertising and events. | |
| Restraints | The high cost of digital holography products |
| Opportunities | Growing demand for holographic displays in automotive sector |
Covid-19 scenario-
- The economic impact has been significant. Companies operating in the digital holography market industry suffered a temporary slowdown due to a shortage of qualified professionals to develop digital holography market solutions, resulting in a decline in sales for the fiscal year 2020 to 2021.
- Furthermore, while investments in the development of digital holography for the consumer electronics industry increased during the pandemic, demand for holographic displays is expected to increase post-pandemic.
- The demand for new and creative products is projected to rise as the economy begins to recover. Companies are looking forward to investing in next-generation advanced electronics solutions utilizing new technologies, rather than just enhancing products using current state-of-the-art services.
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The global digital holography market is analyzed across type, application, vertical and region. The report takes in an exhaustive analysis of the segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and devise stratagems based on the highest revenue-generating and fastest-growing segments stated in the report.
By type, the software segment held the largest share in 2021, garnering largest revenue of the global digital holography market, and is predicted to maintain its dominance by 2031.
By application, the digital holographic display segment contributed to nearly half of the global digital holography market share in 2021 and is projected to rule the roost by 2031. However, would display the fastest CAGR of 17.33% throughout the forecast period.
By vertical, the consumer electronics segment accounted for the highest share in 2021, generating highest of the global digital holography market revenue. The same segment would also portray the fastest CAGR of 17.77% during the forecast period.
By region, Asia-Pacific held the major share in 2021, garnering nearly half of the global digital holography market revenue. The same region would also showcase the fastest CAGR of 17.62% from 2022 to 2031. The other provinces studied through the report include Europe, North America, and LAMEA.
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The key market players analyzed in the global digital holgraphy market 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.
These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to highlight their prowess in the industry. The report is helpful in formulating the business performance and developments by the top players.
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 Key Segments:
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)
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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