Light Field market dynamics Growth About to reach USD 1.5 billion by 2024 for Google LLC, FoVI 3D, Inc., Holografika, Light Field Lab, Japan Display, Inc., Nvidia Corporation, Lumii, Inc., Panasonic Corporation, OTOY, Inc., Ricoh Innovations Corporation,

The Light Field market dynamics, forces, companies and trends have been determined after conducting a detailed study of the industry for this newly released research report now available with Market Study Report.

Light Field Market is expected to exceed USD 1.5 billion by 2024. The technological advancements and innovations to enhance the 3D imaging quality and resolution are growing rapidly in the industry. The manufacturers operating in the industry are engaged in incorporating the technology into various devices such as displays and cameras to enhance the 3D experience of customers. Several global companies are entering the market to develop such devices. For instance, Google, Inc. is planning to enter the light field market by acquiring Lytro, Inc.

The global light field market is expected to grow significantly over the ensuing years owing to the emergence of light field displays paired with the robust proportion of developments in holographic technology. Light field display has taken the tech industry by storm as companies are getting serious about finding ways to deliver vast amounts of data that will be necessary for real light field displays. Customers are constantly yearning for high-quality displays for optimum media experience and companies are doing their best to suffice those needs, thereby impelling light field market share.

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Recently, Red hit the headlines after launching its new Hydrogen One Phone with light field display. Back in August 2018, Samsung invented a light field display that could deliver 3D imagery through television, smart glasses, smartphones, and other gadgets. Through this technology, customers won’t require special glasses to view 3D imagery as light field display technology uses a different principle as compared to current binocular parallax technology. Therefore, the emergence of light field displays will enhance product demand and contribute to the expansion of the global light field market size.

Major players participating in the light field market are Toshiba Corporation, Avegant Corp., Google LLC, FoVI 3D, Inc., Holografika, Light Field Lab, Japan Display, Inc., Nvidia Corporation, Lumii, Inc., Panasonic Corporation, OTOY, Inc., Ricoh Innovations Corporation, Raytrix GmbH, Sony Corporation, and Samsung Display Co., Ltd., among others.

The displays are experiencing a high adoption of the technology due to the rise in the demand for the high-definition viewing experience among consumers. These displays offer high-quality 3D visual experience, which is attracting customers? attention, thereby accelerating light field market growth. Several major display companies are targeting such requirements of their customers and are engaged in developing light field displays. For instance, Samsung Electronics Ltd. designed displays that can be applied to vehicle windshield displays, TVs, and smart glasses. The display will allow customers to view the content in 3D without using glasses.

The Asia Pacific light field market is expected to witness a high growth in the coming future owing to the increasing adoption of advanced imaging and 3D modeling technologies in several industrial segments. The automobile industry in Japan is flourishing at a high pace with the development of new and advanced technologies such as connected cars. The incorporation of the HUDs into these vehicles for guiding the path and destination with the help of holographic technology is driving the demand for the technology in the light field market. Moreover, smartphone manufacturers in China and Japan are engaged in incorporating the technology into smartphone cameras to enhance the picture quality and resolution, thereby providing an impetus to light field market growth.

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The applications of this technology in the healthcare sector are expected to accelerate light field market growth. Several medical devices or equipment use this technology for 3D imaging and scanning of human body or parts. The displays or cameras using this technology in healthcare devices help doctors to analyze the diseases to a micro level with improved clarity and picture quality. These healthcare sectors are incorporating VR technology for the treatment of several mental or retinal illnesses in human beings. These VR solutions are incorporated with this technology, which is anticipated to drive light field market growth.

Over the last few years, the holographic technology has gained significant recognition in the tech cosmos. The technology has been maturing rapidly, while experts believe that devices like the Star Trek holodeck and Holographic Environment Simulator may become a reality soon. For instance, leading cloud graphics company OTOY is dedicated to make Star Trek’s holodeck a reality and RNDR has partnered with Light Field Lab for the same. As light fields are essential to display holographic subjects, further development in holographic technology will drive product demand, thereby augmenting global light field market growth.

These players are offering diversified offerings in the light field market, allowing them to compete and offer their solutions to the customer base. These players are witnessing a great opportunity in the market due to the lesser adoption and awareness of the technology among customers, allowing them to become market leaders by offering advanced solutions.

Complete report titled Light Field Market at https://www.marketstudyreport.com/reports/light-field-market

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