Light Field Market Set for Rapid Growth During by 2024, Top Key Players: Toshiba, Samsung Display, Ricoh Innovations Corporation, Leia, Inc., Avegant, Japan Display Inc., OTOY, FoVI3D, Google, NVIDIA, Panasonic, Sony Electronics
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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.
Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
4. Sony Electronics
6. Samsung Display
7. Ricoh Innovations Corporation
8. Leia, Inc.
10. Japan Display Inc.
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.
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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.
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.
These cameras offer several advantages over the traditional devices which is encouraging the customers to replace their conventional systems with this technology, thereby accelerating the light field market growth. Such advantages include enhanced focus, exposure, lighting, color and intensity. Moreover, the camera allows the user to refocus the image after being captured. These features are encouraging several industrial areas such as automotive and healthcare to implement the technologies for performing their business operations effectively, thereby driving the light field market growth.
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:
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.
Some of the major AR/VR-based games of the company include KnightFall AR, Crime Scene AR, Fury of the Gods, and Hot Wheels: Track Builder. Moreover, the adoption of the technology in other entertainment applications such as amusement parks, museums, and other fun zones is being witnessed which will increase over the coming years, thereby accelerating the light field market growth.
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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