Digital Holography has the Potential for Use in the Retail Sector in the Coming Years

According to a new market research report “Digital Holography Market by Component (Laser, Microdisplay, CCD Camera), Application (Microscopy, Holographic Display, Holographic Television & Telepresence), Vertical (Medical, Commercial, Consumer, Automotive), Geography - Trends & Forecast to 2020”, the total market is expected to reach USD 5.50 Billion by 2020, growing at a CAGR of 37.5% between 2015 and 2020.

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The digital holography applications are broadly classified into microscopy, holographic display, and holographic television & television. The market for microscopy and holographic display is expected to grow at a higher CAGR as compared to holographic television & telepresence. Holographic microscopes have a huge demand in the medical and research sectors while holographic display is used in aerospace & defense, automotive, medical, consumer, and commercial sectors for the 3D visualization of holograms.

The commercial sector is expected to be the largest vertical of the overall digital holography market, and is expected to account for a share of ~62% of the market in 2017. The commercial sector is the biggest section for digital holography applications. In the commercial vertical, the banking and education sectors are using holographic display and telepresence applications. The growing demand for holographic displays and projection systems for advertisement is expected to boost the retail and marketing sector for advertisement purposes in the future.

The total digital holography market is expected to reach USD 5.50 Billion by 2020, at a CAGR of 37.5% between 2015 and 2020. The North American digital holography market is expected to grow at a CAGR of 39.8% between 2015 and 2020. The use of holographic microscopes in the medical sector and that of holographic displays in aerospace & defense, aerospace, and commercial sectors is fueling the demand for digital holography in this region. The U.S. has a concentration of global companies in digital holography, and thus, North America is the leading region in the global market.

Some of the major players in the market are Eon Reality, Inc. (U.S.), Lyncee Tec SA (Switzerland), RealView Imaging Ltd. (Israel), Leia, Inc. (U.S.), Holoxica Ltd. (U.K.), Zebra Imaging, Inc. (U.S.), Light Logics Holography and Optics Pvt Ltd. (India), Ovizio Imaging Systems NV/SA (Belgium), Geola Digital uab. (Lithuania), and Jasper Display Corporation (Taiwan).

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