The global light field market is growing rapidly. The growing penetration of smartphones, consumer electronics, and others is gaining momentum in the light field market. The light field with 360 degree capturing technologies with high definition photo is gaining popularity among users. Light field camera with high resolution is used for capturing a wide range of images, sharp focus, and video surveillance. Light field technology is widely used in various sectors, such as military and defense, media and entertainment, and healthcare, among other applications, which are propelling the light field market growth.
Synthetic aperture radar and digital Light Field Market technology are gaining demand in the light field market. Synthetic aperture radar is integrated with light field technology that is used to carry out computationally intensive operations for providing high-resolution image. Real-time image generation from light field displays is expected to boost the market growth of light field in the upcoming years. By region, the global light field market is analyzed across key geographies, namely North America, Europe, Asia-Pacific, among others. In the North American region, light field is gaining demand from various technologies including 3D, virtual reality technologies, and others.
According to Market Research Future Analysis, the global light field market is estimated to reach USD 1,872 million by the end of the forecast period, at a CAGR of 15%.
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Global Light Field Market Key Players:
The prominent players in the global light field market Light Field Lab, Inc. (U.S.), Avegant Corporation (U.S.), FoVI 3D Inc. (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.), among others.
On 11 September, 2017, Red Digital Cinema went into partnership with Leia Inc., the leading provider of light field holographic display solutions for mobile, to provide disruptive light field holographic smartphone across the world. With this strategic partnership, these companies are bringing light field holographic display solutions among consumers, with stunning holographic content and 3D for user’s entertainment.
March 16, 2018, Google Inc. is investing into light field technology to reach to new height on this technology. With research on virtual reality, Google is using 13 GoPro cameras to capture images, which have a light field effect.
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Segmentation of Light Field Market:
The global light field market is segmented into technology, verticals, and region. The technology segment is sub-segmented imaging solution, light field display, and others. Further, imaging solution is sub-segmented into 3D modeling, 3D scanning, layout and animation, 3D rendering, image reconstruction, and others. The verticals segment is sub-segmented into military and defense, media and entertainment, healthcare, and others. The market is spanned across regions including North America, Europe, Asia-Pacific, and Rest of the World.
The global light field market is expected to grow at USD ~ 1,872 million by 2023 at a CAGR of ~15% during the forecast period 2017-2023.
The regional analysis of light field market is studied for regions such as Asia-Pacific, North America, Europe, and Rest of the World. North America is the leading region across the world in terms of market share. The light field market in this region has a huge demand due to the increasing adoption of machine learning technologies and artificial intelligence, which are propelling the market growth to a large extent. The light field market in Europe is expected to witness rapid growth in the forthcoming period due to increasing penetration of advanced technology-based photographic devices among users in these region. Whereas, Asia-Pacific countries, such as China, Japan, and India, are the emerging light field markets, which are expected to grow at the highest CAGR in the coming years.
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- Light field companies
- Light field providers
- 3D animation vendors
- 3D animation service providers
- Computer graphics developers
- System integrators and third-party vendors
- Government bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
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