San Jose, California (PRWEB) February 25, 2008
World Holography for Industrial Applications market is forecast to reach about US$11.33 billion by 2010, thereby exhibiting an impressive CAGR of 11.05% over the 2000-2010 analysis period. The United States, with a share estimated at 47.35% in 2006, dominates the global Industrial Holography market, in addition to constituting the fastest growing region with a CAGR of 13.38% over 2000-2010.
With a share estimated at 60% in 2006, Holographic Scanning forms the largest end use application for Industrial Holography. In terms of growth, however, Holographic Optical Elements, with a projected CAGR of 12.79% over 2000-2010, form the fastest growing application for Industrial Holography.
Holographic optical elements (HOEs) make pick-up head of compact disk (CD) readers operate very quickly and make heads-up displays feasible. HOEs is a vital part of the total US$18.2 billion opto-electronic component market. The US government has supported the progress of these materials in an attempt to secure bigger share in photonics component market. These elements would play an important role as switching elements in communication, electro-optical systems, holographic interferometry, telescopy, spectroscopy, microscopy and other measuring instruments.
In the near future, holographic storage may be used as a substitute for hard drives in new ultra fast optical computers. Optical computers' will stores data by utilizes holographic technique. These computers can deliver trillions of bits of data as compared to present computers, which deliver millions of bits. These computers would quickly be used as servers in corporate and industrial applications. They could be the latest heavy weights in data storage market.
The biggest potential for holography is predicted to be in medical, entertainment and automotive markets. It is found that automobile makers are by now assessing holography as a means of reducing 47 percent of the time needed to bring a model from an idea to introduction in the market through reduction of expensive, time-consuming formation of clay models for each design.
Majority of holographic industry players have developed to satisfy the requirements of a small number of big corporate clients, manufacturing mainly authenticity/security products such as low-quality, small holograms used on software packaging and credit cards or one-time, exclusive promotions including Pokemon trading cards. Normal holography procedures and techniques are costly and also require expert technicians to develop a totally distinct holographic setup for every subject. Hence, the subject's first hologram is costly, time-consuming and labor intensive. By using a process known as embossing (low image quality, silvery holograms) printing indistinguishable copies of the initial hologram can be comparatively economical, reducing the per hologram cost as extra copies are manufactured. Conventionally, the most inexpensively viable uses of holograms are those that need big amounts of low quality, identical holograms in applications such as special promotions, security and product packaging.
Major companies covered include 3D AG, Ahead Optoelectronics Inc., American Bank Note Holographics Inc., API Group Plc, Applied Optical Technologies Plc, Broadbent Holographics, CFC International Inc., Crown Roll Leaf Inc., Danaher Corp., Diffraction Ltd., Digital Optics Corporation, Dimensional Arts Inc., De La Rue Holographics, DuPont Holographics, GSI Lumonics Inc., Holographic Dimensions Inc., Hologram Industries, Holtronic Technologies, Holographix Inc., Headwall Photonics Inc., ITW Holographics, James River Products Inc., K Laser Technology Inc., Kaiser Optical Systems Inc., Laser Technology Inc., Light Impressions International Limited, Melles Griot, MEMS Optical Inc., Metrologic Instruments Inc., Microvision Inc., Optaglio Limited, Optometrics LLC, Physical Optics Corp., Ralcon Development, Spatial Imaging Limited, Spectratek Technologies Inc., and Zebra Imaging Inc.
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