Market Overview
The worldwide light field market collects significant footing, essentially because of the rising uses of imaging advancements in modern and military and guard applications. Moreover, the expanding interest for imaging arrangements and light field show in safeguard, media and diversion, and medical care areas prove the market deals. Additionally, mechanical advances in imaging arrangements heighten the development of the market, further developing light field parts and gadgets.
As per Market Research Future (MRFR), the worldwide light field innovation market is ready to make a valuation of roughly USD 1,872 MN by 2023, developing at 15%CAGR all through the appraisal period (2018 - 2023). High-goal imaging innovations cost some extra, and subsequently the light field shows that need tremendous quantities of pixels could be huge.
In addition, the rising uses of the innovation in a virtual eyeglass set arranged to show a light-field picture in view of information got through a lightfield camera on the contrary side of the focal point increment the market size. Additionally, expanding creation of light field cameras with numerous perspectives, including a processor that fosters a picture from the vantage points of show clients, in this manner disposing of a parallax impact, helps market interest.
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Global Light Field Market - Segmentation
The report is segmented into three dynamics;
By Technology : Imaging Solution (3D Modelling, 3D Scanning, Layout & Animation, 3D Rendering, Image Reconstruction, other), Light Field Display, and others.
By Verticals : Military & Defense, Media & Entertainment, Healthcare, and others.
By Regions : Americas, Europe, APAC, and Rest-of-the-World.
Global Light Field Market - Regional Analysis
North America leads the global light field technology market. The region witnesses a massive demand due to the increasing adoption of machine learning technologies and artificial intelligence, propelling the market growth to a large extent. Besides, the presence of light field product manufacturers and technology development centers in the region drive market growth.
Moreover, the high demand for light field imaginary devices in the defense and commercial & industrial sectors substantiate the growth in the regional market. Alongside the rising uptake light field technology in security & surveillance, substantial technological advances foster the regional market growth.
Europe stands second in the global Light Field Imaging and Display Market. The high demand for light field imaging devices boosts the market growth, driving light field technology deployment in various applications. Additionally, the increasing penetration of advanced technology-based photographic devices among users in the region substantiates the growth of the market.
Furthermore, the rising awareness of the light field application areas other than security & surveillance, such as detection, monitoring, and inspection of gas detection, fire/flare detection, body temperature & level measurement, R&D, increases the market size. Germany and the UK are major light field markets in the region. The European light field market is projected to create a substantial revenue pocket during the assessment period.
The Asia Pacific region also accounts for a substantial share in the global light field market, mainly due to the increased spending to strengthen defense sectors. Besides, the increasing implementation of advanced light field imaging technologies drives the growth of the regional market.
Moreover, enormous investments in the R & D activities to develop related technologies and constant technological upgrades in warfare platforms propel the regional market growth. China, Japan, and India are the emerging light field markets, offering significant opportunities for industry players.
Global Light Field Market - Competitive Analysis
Highly competitive, the light-field market appears fragmented with the presence of several well-established players. To gain a sizable competitive share, industry players incorporate strategic initiatives such as mergers & acquisitions, collaboration, expansion, and product/technology launch. Substantial investments are transpired in R&D to develop a completely different technology compared to their competition.
Major Players:
Players leading the light-field market include Avegant Corporation (US), Light Field Lab, Inc. (US), FoVI 3D Inc. (US), Canon Inc. (Japan), Japan Display Inc. (JDI - Japan), Lytro, Inc. (US), Leia (US), OTOY (US), Sony Corporation (Japan), Nvidia Corporation (US), Samsung Electronics Co. Ltd. (South Korea), Toshiba Corporation (Japan), Holografika (Hungary), Raytrix GmbH (Germany), Pelican Imaging Corp. (US), Lumii (US), Apple Inc. (US), Ricoh Innovations Corp. (US), and Panasonic Corporation (Japan), among others.
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About Market Research Future:
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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