Global Holography for Industrial Applications Market to Reach $23.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Holography for Industrial Applications estimated at US$16.3 Billion in the year 2020, is projected to reach a revised size of US$23.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Holographic Scanning, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$15.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Holographic Industrial Testing segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 7.8% CAGR
The Holography for Industrial Applications market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Holographic Optical Elements Segment to Record 5.8% CAGR
In the global Holographic Optical Elements segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 7% CAGR through the analysis period.
Select Competitors (Total 60 Featured):
Amid the COVID-19 crisis, the global market for Holography for Industrial Applications estimated at US$16.3 Billion in the year 2020, is projected to reach a revised size of US$23.1 Billion by 2027, growing at a CAGR of 5.1% over the analysis period 2020-2027. Holographic Scanning, one of the segments analyzed in the report, is projected to record a 5.2% CAGR and reach US$15.4 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Holographic Industrial Testing segment is readjusted to a revised 4.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 7.8% CAGR
The Holography for Industrial Applications market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$4.8 Billion by the year 2027 trailing a CAGR of 7.8% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.1% CAGR.
Holographic Optical Elements Segment to Record 5.8% CAGR
In the global Holographic Optical Elements segment, USA, Canada, Japan, China and Europe will drive the 5.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.1 Billion in the year 2020 will reach a projected size of US$1.6 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$3.1 Billion by the year 2027, while Latin America will expand at a 7% CAGR through the analysis period.
Select Competitors (Total 60 Featured):
- 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.
- Spectratek Technologies Inc.
- SURYS
Frequently Asked Questions about the Global Market for Holography for Industrial Applications
What is the estimated value of the Global Market for Holography for Industrial Applications?
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| Report Attribute | Details |
|---|---|
| Published | April 2021 |
| Forecast Period | 2020 - 2027 |
| Estimated Market Value ( USD ) in 2020 | $ 16.3 Billion |
| Forecasted Market Value ( USD ) by 2027 | $ 23.1 Billion |
| Compound Annual Growth Rate | 5.1% |
| Regions Covered | Global |
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY4. GLOBAL MARKET PERSPECTIVE
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
III. MARKET ANALYSIS
IV. COMPETITION
Companies Mentioned
A selection of companies mentioned in this report includes:
- 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.
- Spectratek Technologies Inc.
- SURYS
