Light Field Market Research Report - Forecast to 2027

Light Field Market Research Report – By Technology (Imaging Solution), Verticals (Healthcare) - Forecast Till 2027

ID: MRFR/SEM/4260-HCR | February 2021 | Region: Global | 100 pages

Light Field Market Scenario


The 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.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 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.


Industries News:


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 :


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.


 


Light Field Market


 Light Field Market


Source: MRFR Analysis


Key Players


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.


Regional Analysis


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  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 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 markets, which are expected to grow at the highest CAGR in the coming years.


Intended Audience



  • 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

  • End-users/enterprise-users



Report Scope:
Report Attribute/Metric Details
  Market Size   USD 1,872 Million (2023)
  CAGR   15% (2017-2023)
  Base Year   2019
  Forecast Period   2020-2027
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Technology
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   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.)
  Key Market Opportunities   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
  Key Market Drivers   The development of next-generation virtual reality technology is a major driver for the light field market.


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.