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.


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