[Press Release]
…Key factors propelling market growth include increased efforts by government and industries to curtail counterfeiting, piracy, and other issues; foray of holography in niche areas, such as solar weather forecasting, 3D information storage, and sound projections…
Tampering, counterfeiting, and theft are estimated to influence nearly 7.0% of international trade, equaling to more than $1.0 trillion in losses and is growing by 15% every year. The holography market is presently thriving, backed by the governments and industries’ efforts to curtail the widely prevalent issues of counterfeiting, tampering, theft, and piracy. For industrial purposes, holographic technology is also used in civilian and military aircrafts, which utilizes ‘heads-up’ displays or holograms. The technology is utilized for quality control in production and fracture testing, such as holographic nondestructive testing. Holograms have been in use on Master and Visa cards, for more than 10 years now. The technology is now being adopted for specialized applications such as production of aircrafts and automobiles, television, telecommunications, computing and designing of assembly and scanning. Besides, holography is also venturing into niche areas, such as the generation of lifelike images of objects, solar weather forecasting, and 3D information storage and sound projections. Holographic elements, which are utilized in a range of industrial machines, results in the manufacture of less-expensive, smaller, and more effective machines.
The United States represents the largest regional market for industrial applications of holography worldwide, as stated by the new market research report on Holography for Industrial Applications. Europe and Japan are the other major Holography markets. Holographic Scanning represents the largest segment in the global holography market. Holographic testing constitutes the other larger segment, while Holographic Optical Elements is projected to register the fastest compounded annual growth rate of 9.5% during the analysis period.
Going forwards, the biggest potential for holography is predicted to be in medical, entertainment, and automotive markets. Automobile makers are currently assessing holography as a means of reducing 47% of the time needed to bring a model from a conception to the market launch stage. This is done through reduction of expensive, time-consuming formation of clay models for each design. The eye-catching appeal of holograms is propelling the usage of this technology across the advertising field. Holograms have higher viewer retention capabilities when compared to the other medium thus fueling the usage of the technology as an effective medium for displaying advertisements. Some of the leading companies across various sectors are using this technology to make a marked impact on audiences. For instance, McDonald used hologram based advertisement in the National Geographic’s centennial anniversary issue. Another example is Ford Motor that utilized the hologram technology to display a prototype of P200 car in 1999. With technological advancements, the appeal of holograph is expected to further increase in the advertisement landscape.
The holography market is characterized by the presence of several vertically integrated companies, and is led by private companies, mostly from the engineering, mass storage media, security, advertising, and medicine fields. Major players profiled in the report include 3D AG, AHEAD Optoelectronics, API Group Plc, CFC International Inc., Crown Roll Leaf Inc., CVI Melles Griot, De La Rue Holographics, DuPont Holographics Inc., GSI Group Inc., The Headwall Photonics Inc., Holographix LLC, Honeywell Scanning & Mobility, ITW Holographics, JDS Uniphase Corporation, JENOPTIK Microoptics Group, K Laser Technology Inc., Kaiser Optical Systems Inc., Light Impressions International Limited, Luminit LLC, OpSec Security Group Plc., Optaglio Limited, Optometrics LLC, Spatial Imaging Limited, Zebra Imaging Inc., 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 the industrial holography markets, market outlook, the potential markets, key applications of holography, recent industry activity, recent product introductions, and profiles of major/niche global as well as regional market participants. The report provides annual sales estimates and projections for industrial holographic applications market for the years 2009 through 2017 for the following geographic markets – US, Canada, Japan, Europe, Asia-Pacific, Latin America and Rest of World. Key product segments analyzed include Holographic Scanning, Holographic Industrial Testing, Holographic Optical Elements and Others. Also, a six-year (2003-2008) historic analysis is provided for additional perspective.
For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Holography_For_Industrial_Applications_Market_Report.asp