The global light field market is anticipated to grow at a rapid pace over the forecast period. Intensifying penetration of smartphones, and consumer electronics is gaining momentum in the light field market. The light field with 360 degree, capturing technologies, with high definition photo is anticipated to gain popularity among consumers all over the world. A light field camera integrated with high resolution is used to capture a wide range of images, video surveillance, and sharp focus. This technology has a wide scope of application in several sectors such as media and entertainment, military and defense, and healthcare, among other applications, which are led to promote the growth of the light field market over the forthcoming years.
Synthetic aperture radar and digital light field technology are anticipated to gain higher demand in the light field market over the forecast period. Synthetic aperture radar is integrated with light field technology which is used for carrying out operations that are computationally intensive for the provision of high-resolution images. Further, real-time image generation through the deployment light field displays is also anticipated to boost the ascension in the global light field market over the forecast period. Researchers have stated in the latest report that the global light field market is anticipated to upscale at 15% CAGR during the forecast period.
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Market Segmentation
The global light field market is studied and segmented by technology, verticals, and region. Based on technology, the global light field market is bifurcated into light field display and imaging solution. The imaging solution segment is further studied for the sub-segments of 3D modeling, 3D scanning, 3D rendering, image reconstruction, and layout and animation.
By verticals, the global light field market is segmented into healthcare, media and entertainment, and military and defense.
Detailed Regional Analysis
The global light field market is studied for the regions of Europe, Asia Pacific, North America, and Rest of the World. The global light field market is estimated to garner a market revenue valuation of USD 1, 872 million by 2023 during the review period of 2017-2023. Among these regions, the global light field market is spearheaded by North America, as it is poised to hold the biggest share of the global light field market over the forecast period. This can be attributed to the statistic that this region is one of the largest consumers of light field technology-based devices and is witnessing a mounting adoption of machine learning technologies and artificial intelligence.
On the other hand, Europe is anticipated to witness fast paced growth in the forthcoming years, as stated in the report released by Market Research Future (MRFR). Such mounting growth of the regional Global Light Field Market can be aimed at the mounting penetration of advanced technology-based photographic devices among other users in the region.
Alternatively, the light field market prevalent in Asia Pacific is also anticipated to witness a speedy climb on the growth chart in the coming years. Within the APAC light field market, various emerging economies are estimated to create potentially influential growth prospects in the coming years. India, China, and Japan are expected to emerge as prominent country-specific markets for the light field technology in the forecast period. These regions are also estimated to gain maximum growth rate in the forthcoming years.
Key Players
Some prominent players prevalent in the global light field market include Light Field Lab, Inc. (U.S.), FoVI 3D Inc. (U.S.), Avegant Corporation (U.S.), Japan Display Inc. (JDI) (Japan), Cannon Inc. (Japan), Lytro, Inc. (U.S.), OTOY (U.S.), Leia (U.S.), Sony Corporation (Japan), Samsung Electronics Co. Ltd. (South Korea), Nvidia Corporation (U.S.), Toshiba Corporation (Japan), Raytrix GmbH (Germany), Holografika (Hungary), Pelican Imaging Corp. (U.S.), Apple Inc. (U.S.), Lumii (U.S.), Panasonic Corporation (Japan), and Ricoh Innovations Corp. (U.S.).
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