Market Analysis
The light field market size is predicted to touch USD 1,872 million at a healthy 15% CAGR between 2017- 2023, states the recent Market Research Future (MRFR) analysis. The light field is the quantity of light that flows in every direction over every point in-universe. Each ray’s magnitude is specified by the radiance, while each ray’s path is specified by five-dimensional plenoptics. This technology provides access to full information accessible regarding light rays in a scene relating to objects. 3D rendering, 3D modelling, layout and animation, 3D scanning, image reconstruction, and others are the different imaging solutions, and its different verticals include media and entertainment, healthcare, military and defense, and others.
Various factors are propelling the global light field imaging and display market share. According to the recent MRFR report, such factors include growing popularity of consumer electronics and smartphones, broadening of applications in military and defense and media & entertainment, investments in research and development for product designs, growing demand for light field technology in visual effects technology in movies, emerging 4D & 5D technologies, growing need for prototyping, and just-in-time marketing. Additional factors adding market growth include increasing use of the technology in medical imaging, demand for HD viewing, and demand for VR/AR technologies.
On the contrary, large data storage needs, lack of accessibility of 3D content, lack of infrastructure support, and the on-going COVID-19 impact are factors that may limit the global light field display market growth over the forecast period.
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Market Segmentation
The MRFR report highlights an inclusive segmental analysis of the global light field camera market based on imaging solution and verticals.
By verticals, the global light field camera market is segmented into media and entertainment, healthcare, military and defense, and others. Of these, the healthcare segment will lead the market over the forecast period.
By imaging solution, the global light field camera market is segmented into 3D rendering, 3D modelling, layout and animation, 3D scanning, image reconstruction, and others.
Regional Analysis
By region, the global light field camera market report covers the growth opportunities and recent trends across Europe, North America, the Asia Pacific (APAC), & the Rest of the World (RoW). Among these, North America will dominate the market over the forecast period. Escalating implementation of artificial intelligence and machine learning technologies, and better commercialization of new technologies are adding to the global light field market growth in the region.
The global light field market in Europe is predicted to hold the second-largest share over the forecast period. Escalating penetration of highly developed technology-based photographic devices is adding to the global light field market growth in the region.
The global light field market in the APAC region is predicted to have healthy growth over the forecast period. Booming media and industrial sector, increased development in technologies in India and China, and demand for consumer electronics like smartphones and tablets are adding to the global light field market growth in the region.
The global light field market in the RoW is predicted to have sound growth over the forecast period.
Key Players
Key contenders profiled in the global light field market report include Ricoh Innovations Corp. (U.S.), Panasonic Corporation (Japan), Lumii (U.S.), Apple Inc. (U.S.), Pelican Imaging Corp. (U.S.), Holografika (Hungary), Raytrix GmbH (Germany), Toshiba Corporation (Japan), Nvidia Corporation (U.S.), Samsung Electronics Co. Ltd. (South Korea), Sony Corporation (Japan), Leia (U.S.), OTOY (U.S.), Lytro, Inc. (U.S.), Cannon Inc. (Japan), Japan Display Inc. (JDI) (Japan), FoVI 3D Inc. (U.S.), Avegant Corporation (U.S.), and Light Field Lab, Inc. (U.S.).
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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