The digital holography industry is witnessing a significant rise in the consumption of the software applications and hardware components. This has facilitated the development of a strong environment for the increasing adoption of the digital holography application. The players in this market across the globe are competing to develop and incorporate newer technologies and devices to sustain in the fierce competition. The digital holography market size in terms of value is expected to grow from USD 819.6 million in 2014 to USD 5,504.3 million by 2020, at a CAGR of 37.5% between 2015 and 2020.
Digital Holography Market
On the basis of various applications, this market has been segmented into microscopy, holographic display, and holographic television & telepresence. The holographic television & telepresence application accounted for a major share of about 59% of the overall applications of the digital holography market in 2014; it is expected to reach USD 3,026.8 million by 2020, at a CAGR of 35.8% between 2015 and 2020. There is a growing use of telepresence in the retail, education, public administration, and banking sectors for assessment through virtual identity and hence these are the leading sectors to adopt the digital holography technology.
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The digital holography market has been segmented into four major regions, namely, North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). North America is a major region for the growth of digital holography applications in every sector. The North American digital holography market, in terms of value, accounted for the largest market share of around 45.1% in 2014, and is expected to reach USD 2,742.0 million by 2020, growing at a CAGR of 39.8% between 2015 and 2020. North America is the main hub for the digital holography applications, owing to the presence of major holographic microscope and holographic display manufacturing companies and the stringent government regulations in the region that are conducive to the growth of this market .
