The Global Holography for Industrial Applications Market is Projected to Reach US$22.5 Billion by 2024
Growing Significance of
Product Testing and Quality Control to Drive Growth of Holography in Industrial
Applications, According to a New Report by Global Industry Analysts,
Inc.
GIA
launches comprehensive analysis of industry segments, trends, growth drivers,
market share, size and demand forecasts on the global Holography for Industrial
Applications market. The global Holography for
Industrial Applications market is projected to reach US$22.5 billion by 2024, driven by the growing
importance of and need for product testing in industrial settings. The rising
adoption of holography in non-destructive testing of materials is also driving
market growth.
Holography,
the technique of making holograms where the full 3D and a free-standing image
of a subject that does not simulate spatial depth and can be seen without
special glasses or other intermediate optics, has grown in prominence over the
years. Holography is widely used in industrial applications for scanning,
testing and generating holographic optical elements that are mostly used in
engineering and industrial applications. Especially in testing arena,
holography is widely used in holographic interferometry, which is now commonly
used for testing, analysis and study of stability in materials. Computerized
techniques enable the use of this method to be integrated with embedded
hardware and required software, thereby automating the entire system.
One
primary area where holographic interferometry is used is in non-destructive
testing. Stringent product usage specifications that industries must adhere to,
strong government safety regulations mandating safety of personnel and
workplace where a range of physical assets are used, and tight quality control
requirements that govern industries especially are driving demand for NDT
techniques, including use of holographic interferometry. The technique is
applied for nondestructive testing of materials. Holographic nondestructive
testing technique (HNDT) is used for locating and evaluating disbonds, cracks, voids,
inhomogeneity, residual stresses, and delaminations in a test sample without
destructing the sample. The strong focus on adoption of NDT techniques in
industries and engineering applications is therefore expected to propel demand
prospects for holography, especially holographic interferometry techniques
globally. Holographic
scanning technology is also being used in large scan areas across warehouse
distribution, packaging, and material handling. In particular, holographic
scanning is gaining rapid popularity in material handling applications.
Advancements in holographic technology will drive the adoption of this
technology in the material handling field in the coming years. Holographic
technologies have gained significant attention given their fast and accurate
measurement capabilities.
As
stated by the new market research report on Holography for Industrial
Applications,
the United States represents the largest regional market, worldwide. Asia-Pacific
is forecast to register the fastest CAGR of 7% over the analysis period. Characterized
by burgeoning economies such as India and China, increase in industrial
activity and development of major infrastructure development projects,
Asia-Pacific represents a high potential market for adoption of industrial
holography. Growing use of advanced industrial technologies, non-destructive
testing in particular, is also expected to present plenty of opportunities for
the industrial holography in the region especially in holographic
interferometry.
Major
players in the market include 3D AG, AHEAD Optoelectronics Inc., API Group Plc,
CFC International Corporation, Crown Roll Leaf Inc., De La Rue Plc, Headwall
Photonics Inc., Holographix LLC, HoloTech Switzerland AG, Holtronic
Technologies, ITW Foils, Jenoptik AG, K Laser Technology Inc., Kaiser Optical
Systems Inc., Laser Technology Inc., Luminit LLC, OpSec Security Group Plc,
Optaglio a.s., Optometrics LLC, Spectratek Technologies Inc., and SURYS, among
others.
The
research report titled “Holography for Industrial
Applications: A Global Strategic Business Report” announced by Global
Industry Analysts Inc., provides a comprehensive
review of market trends, issues, drivers, mergers, acquisitions and other
strategic industry activities of global companies. The report provides market
estimates and projections for all major geographic markets such as the US,
Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia and Rest of
Europe), Asia-Pacific (China, India and Rest of Asia-Pacific), Latin America
(Brazil and Rest of Latin America) and Rest of World. The market is analyzed by
the End-Use Applications - Holographic Scanning, Holographic Industrial Testing
and Holographic Optical Elements.
For
enquiries e-mail us at rsd@strategyr.com or info411@strategyr.com.
To
connect with us, visit our LinkedIn page.
Comments
Post a Comment