Global Digital Holography Market Expected to Reach $23.1 Billion by 2031: Says AMR
Increasing need for digital holography for medical applications and increasing demand for holographic displays for advertising and events are driving the growth of the global digital holography market. By type, the software segment accounted for the highest share in 2021. By region, Asia Pacific would exhibit the fastest CAGR in 2031.
Portland, OR, Feb. 01, 2023 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the global market for digital holography was estimated at USD 5 billion in 2021 and is expected to touch USD 23.1 billion by 2031, registering a CAGR of 16.7% from 2022 to 2031. The report provides a detailed analysis of the best investment pockets, top winning strategies, drivers and opportunities , market size & estimates, competitive landscape and changing market trends. The market research is a useful source of information for frontrunners, new entrants, investors and shareholders when they have to strategize for the future and strengthen their position in the market.
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Report coverage and details:
Forecast period |
2022-2031 |
Base year |
2021 |
Market size in 2021 |
$5 billion |
Market size in 2031 |
23.1 billion dollars |
CAGR |
16.7% |
Number of pages in report |
319 |
Covered segments |
Type, Application, Vertical and Region. |
Drivers |
Increasing need for digital holography for medical applications |
Increasing demand for holographic screens for advertising and events. |
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Limitations |
The high cost of digital holography products |
Options |
Increasing demand for holographic displays in the automotive industry |
Covid-19 scenario-
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The economic consequences have been significant. Companies operating in the digital holography market industry suffered a temporary slowdown due to a shortage of skilled professionals to develop digital holography market solutions, resulting in a decline in sales for fiscal year 2020 to 2021.
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Furthermore, while investment in digital holography development for the consumer electronics industry increased during the pandemic, demand for holographic displays is expected to increase post-pandemic.
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Demand for new and creative products is expected to increase as the economy begins to recover. Businesses look forward to investing in next-generation advanced electronics solutions that use new technologies, rather than simply improving products using the latest advanced services.
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The global digital holography market is analyzed across type, application, vertical and region. The report makes 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 segmentation and devise strategies based on the highest revenue generating and fastest growing segments identified in the report.
By type, the software segment held the largest share in 2021, and achieved the largest revenue in the global digital holography market, and it is expected to maintain its dominance in 2031.
By application, the digital holographic display segment contributed nearly half of the global digital holography market share in 2021 and is expected to rule by 2031. fastest CAGR of 17.33% throughout the forecast period.
For vertical, the consumer electronics segment accounted for the highest share in 2021, generating the highest revenue in the global digital holography market. The same segment would also show the fastest CAGR of 17.77% during the forecast period.
By region, Asia Pacific held the major share in 2021, achieving nearly half of the global digital holography market revenue. The same region will also exhibit 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 holography 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 useful in formulating the top players’ business performance and development.
Main benefits for stakeholders
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This study includes an analytical depiction of the market size along with the current trends and future estimates to portray the impending investment pockets.
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The overall Digital Holography market analysis is determined to understand the profitable trends to gain a stronger foothold.
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The report presents information related to key drivers, constraints and opportunities with a detailed impact analysis.
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The current global digital holography market forecast is quantitatively analyzed from 2021 to 2031 to benchmark financial competence.
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Porter’s five forces analysis illustrates the strength of buyers and suppliers in the digital holography market.
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The report includes the market share of key vendors and global trends in the Digital Holography market.
Digital holography Key market segments:
Type
Application
Vertical
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Consumer electronics
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Others
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Automotive
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Aviation and defence
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Healthcare
By region
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North America (USA, Canada, Mexico)
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Europe (UK, Germany, France, Rest of Europe)
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Asia-Pacific region (China, Japan, India, South Korea, Rest of Asia Pacific)
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LAMEA (Latin America, Middle East, Africa)
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About us:
Allied Market Research (AMR) is a full-service market research and business consulting firm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global companies as well as medium and small businesses with unmatched quality “Market research reports“ and “Business Intelligence Solutions.” AMR has a single-minded approach to providing business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional business relationship with various companies and this helps us to unearth market data that helps us generate accurate research data tables and confirms the utmost accuracy in our market forecasts. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality data and help clients in every possible way to achieve success. Each and every piece of data presented in the reports we have published is extracted through primary interviews with top executives from leading companies in the respective domain. Our secondary data sourcing method includes deep online and offline research and discussion with knowledgeable industry professionals and analysts.
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