Global Light Field Market to surpass $1.5bn by 2024 | Top Key Players: Leia, Inc., Avegant, Japan Display Inc., OTOY, FoVI3D, Google, NVIDIA, Panasonic, Sony Electronics, Toshiba, Samsung Display, Ricoh Innovations Corporation

Global Light Field Market consists of several players that are engaged in incorporating the technology into a diversified range of products. The adoption of the light field cameras in the market is growing rapidly owing to the increased application areas of these products in hospitality, military & defense, and the entertainment industry. With emerging 4D and 5D technologies in the industrial sectors, several business processes are being performed in a more accurate & efficient manner through a clear view and inspection of the operability and functioning of its parts. Other products that are witnessing a high adoption of this technology include displays. Manufacturers are focusing on incorporating light field displays into consumer electronic products such as mobiles, TVs, projectors, wearables, etc. The incorporation of the technology in such devices will allow users to interact with the content through a 3D space, thereby enhancing the user experience. Such factors are anticipated to positively impact the market growth.

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Light Field Market growth will be driven by increasing demand for high-definition picture quality that improves the viewing experience and interactivity of the users with the display screen. The consumers are shifting from the traditional image or video qualities to HD due to the enhanced features and resolution of the scenes. The adoption of the 3D light field display technologies is expected to grow soon due to the enhanced 3D visualization as compared to the traditional components.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1. Google
2. NVIDIA
3. Panasonic
4. Sony Electronics
5. Toshiba
6. Samsung Display
7. Ricoh Innovations Corporation
8. Leia, Inc.
9. Avegant
10. Japan Display Inc.
11. OTOY
12. FoVI3D

Adoption of the technology enables the user to record the 2D image of an object simultaneously with the 3D depth information of a scene. This 3D image is calibrated with just a single camera and a single shot. Several players operating in the light field market are offering such advanced features in their products. For instance, Raytrix GmbH offers C42i series, which has a high-resolution capacity of 42 megapixels with 7,716 x 5,364 pixels. Such high-definition cameras are being widely used for flow & inspection applications to capture 3D particle positions and velocity in a volume. The traditional cameras are not able to provide 3D images with this high-resolution capacity.

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Latin America Light Field Market is anticipated to grow at a CAGR of over 16% over the forecast timespan. AR & VR technologies are experiencing a high adoption in the Latin America in several application segments such as retail, hospitality, and automotive. Countries such as Brazil, and Mexico are the major economies, which are witnessing a high growth in these sectors, thereby driving the light field market.

The U.S. and Canada are experiencing a high adoption rate of such advanced solutions. The strong presence of the global industrial players and their increasing technological advancements & innovations are major factors responsible for such a high adoption. Manufacturers operating in North America are targeting several industrial segments, where applications of the technology are increasing in automotive, industrial, and aerospace sectors. These sectors are partnering with manufacturers to import these advanced solutions for business purposes. Moreover, increased investments in research & development activities by the manufacturers are providing an impetus to the market growth.

Anticipated to register an annual growth rate of more than 16 percent over the forecast timeframe, Latin America has gradually emerged as a lucrative investment avenue for potential stakeholders. The rapidly expanding retail sector in Latin American nations has compelled the major retailers to adopt and leverage new technologies to gain competitive advantage. In this regard, it would be prudent to mention that the proliferation of AR and VR technologies has been assisting the retail sector to improve customer experience and brand engagement ratio.

The brick-and-mortar retail outlets are launching interactive experience devices such as mixed reality headsets to enhance the shopping experience, essentially fueling the growth potential of Latin America light field industry. In addition to the retail sector, the light field technology is being increasingly utilized across other business verticals such as automotive and hospitality, which would, in turn, strengthen the product demand in the times to come.

Browse key industry insights spread across 155 pages with 160 market data tables & 23 figures & charts from the report, Light Field Market in detail along with the table of contents:

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Imaging solutions are witnessing high adoption rates in the light field market. These solutions accounted for majority of the industry share in 2017. The solutions are being widely used in several sectors for performing careful and important investigations of industrial processes. These processes include infrared & thermal imaging, molecular structure examination, and other medical process examinations & analysis. In the light field market, media & entertainment application is witnessing a high adoption of this technology in several application areas such as gaming, theaters and amusement parks and accounted for over 25% of the overall industry share in 2017. Manufacturers engaged in gaming industry are enhancing the experience of their customers by integrating VR into games. Several players are developing AR-based gaming & entertainment products such as Spectral Games S.A., which have integrated the technology in their games.

Global Light Field Market size valued at USD 650 million in 2017 and to expand USD 1.5 billion by 2024; according to a new research report by Global Market Insights, Inc. Growing adoption of the technology in several devices such as cameras and smartphones is predicted to provide an impetus to the light field market. The customers are demanding for advanced technological solutions that will provide enhanced 3D image quality.

Speaking along similar lines, it has also been recently reported that Google acquired Silicon Valley-based imaging startup Lytro, which is best known for developing the world’s first light field camera and has numerous patents to its name in VR-related imaging technology. With this acquisition, it is being speculated that the company might be looking to strengthen either its VR gaming initiatives or its camera offering in Pixel phones, which is quite unsurprising as prominent players operating in gaming sector are improving customer experience by integrating VR into games. Considering the impact of the top of the line acquisitions and innovative products being unveiled by major tech magnates like Google, the entertainment and media application of the light field industry is undoubtedly set to escalate at an exceptional pace in the ensuing years.

Some Key Players in light field market includes Google, NVIDIA, Panasonic, Sony Electronics, Toshiba, Samsung Display, Ricoh Innovations Corporation, Leia, Inc., Avegant, Japan Display Inc., OTOY, FoVI3D and Lumii, Inc. These players are developing advanced imaging solutions and displays that are developed based on specific application requirements. Moreover, the market is driven by continuous technological advancements and innovations. Companies are investing heavily in R&D to gain a competitive edge and differentiate their products. They are also partnering with other industry players to develop innovative products.

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