What's Driving the Light Field Market Trends? | Google, Leia, Inc., NVIDIA, Panasonic, Samsung Display, Sony Electronics, Toshiba

Light field market trends will be driven by rapid advancements in technology and new innovations to improve 3D imaging quality and resolution. Major manufacturers have been involved in the integration of such technology in multiple devices like cameras and displays to improve the 3D experience of consumers. There has been an advent of numerous firms in the industry to work on developing such devices.

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Global light field market size is anticipated to surpass USD 1.5 billion by the year 2024. With the increase in the demand for high-definition viewing by the consumers, there will be a higher adoption of such display technologies. Consumers have been attracted to certain properties like high-quality 3D visuals provided by these displays to enhance their experience.

There has been a massive demand for this technology within the healthcare sector. A number of medical equipment and devices use the technology for scanning and 3D imaging of different human body parts. Continuous increased in healthcare expenditure and growing awareness among consumers regarding different diagnostic and treatment solutions will fuel light field market forecast.

Key players comprising light field market competitive dynamics include Google, Leia, Inc., NVIDIA, Panasonic, Samsung Display, Sony Electronics, Toshiba.

These industry players have been involved in the production and distribution of the product as well as providing proper solutions to a distinct customer base. Large number of consumers have been unaware of the benefits of the technology which leads to lesser adoption of the product, but this is changing gradually.

Healthcare devices use the technology in cameras or displays that help the doctors examine and scrutinize the diseases at a micro-level with improved picture quality and clarity. Such healthcare institutions have increasingly been integrating VR technologies to treat numerous retinal or mental illnesses in human beings.

Incorporation of VR technologies in the devices is expected to accelerate the growth of light field deployment across the medical industry.

The Japanese automotive industry has been thriving at an accelerated pace owing to the constant innovations and development of advanced technologies like connected cars. Manufacturers have incorporated HUDs into vehicles that help in guiding towards the user's destination, while providing other information as well.

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This is made possible with the assistance of holographic technology that in turn boost the product demand within the industry. The Chinese and Japanese manufacturers of smartphones have been involved in the integration of this technology into smartphone light field cameras to improve the quality of the picture as well as the resolution.

Asia Pacific light field market size has been anticipated to experience significant growth prospects in the forthcoming years due to the rapidly evolving technology in the region and an increased adoption of enhanced imaging as well as 3D modeling technologies.

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