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 Market 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 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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Market Research Future (MRFR) recognizes the following companies as the key 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.
The global light field market is segmented on the basis of technology, verticals, and region.
By technology, the global light field market is segmented into imaging solutions, light field display, and others. Further, the imaging solution segment is sub-segmented into 3D modeling, 3D scanning, layout and animation, 3D rendering, image reconstruction, and others.
By vertical, the global light field market is segmented into military and defense, media and entertainment, healthcare, and others.
North America dominates the global light field market and is likely to remain the leading regional revenue contributor over the forecast period due to the growing number of companies establishing their headquarters in the U.S. or paying increasing attention to the highly lucrative market conditions in the U.S. and Canada. The increasing adoption of machine learning technology in the U.S. and Canada has also provided the light field market with an increased scope, leading to favorable growth prospects over the forecast period. The strong presence of movie makers and movie making technology in the U.S. is also likely to be a major driver for the global light field market.
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Europe also holds a dominant share in the global light field market and is expected to progress at a robust growth rate over the forecast period due to the growing presence of tech giants in the region. On the other hand, Asia Pacific is a highly promising regional market for light field technology and is expected to exhibit steady progress over the forecast period.
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