Companies such as Light Field Lab, Inc. (U.S.), Avegant Corporation (U.S.), FoVI 3D Inc. (U.S.), Japan Display Inc. (JDI) (Japan), and Lytro, Inc. (U.S.) are the leading providers of light field solution in the global market. The factors driving the light field market growth are artificial intelligence, 4D technologies, and others. On December 2017, Alibaba Group Holding Ltd. has paid in advance for research and development on light field technology and artificial intelligence, to Plex-VR Digital Technology, a Shanghai-based light field Tech Company. Furthermore, next generation virtual reality is boosting the growth of light field market to a large extent. Next generation virtual reality is used to capture real-time virtual reality content where volumetric capture techniques are used to capture a high resolution full scape scene.
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.
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.
Global Light Field Market
Source: MRFR Analysis
Some of the prominent players in the global light field market are 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.
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.
Frequently Asked Questions (FAQ) :
The global light field market is expected to reach USD 1.87 billion by 2023.
The global light field market is expected to exhibit a strong 15% CAGR over the forecast period from 2017 to 2023.
The development of next-generation virtual reality technology is a major driver for the light field market.
North America is the leading regional market for light field technology.
Apple Inc., Lumii, Panasonic Corporation, Raytrix GmbH, Toshiba Corporation, OTOY, Lytro Inc., and Avegant Corporation are among the leading players in the global light field market.