May 06, 2020
As per the report titled ‘Light Field Market Size By Technology, By Application Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2018 - 2024’, available with Market Study Report LLC, global light field market is projected to cross USD 1.5 billion by the year 2024.
Continuous technological advancements and innovations to improve 3D imaging quality and resolution is driving the growth of global light field market. Various manufacturers are engaged in integrating light field technology into their cameras and displays to enhance customer experience.
Based on the technology, light field display segment is presumed to record significant gains during the forecast period. Consumer preference for high-definition viewing experience is fueling the segment growth. Light field displays allow customers to view 3D content without using glasses. Taking this factor into account, alongside innovations such as recently developed light field displays by Samsung Electronics Ltd. that can be integrated to TVs, vehicle windshield displays, and smart glasses will foster the market growth in the forthcoming years.
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Speaking of the application spectrum, healthcare segment may observe considerable growth during the analysis period. Light field technology is being integrated in several medical devices for applications such as 3D imaging and scanning of human body or parts. Use of light field displays or cameras in healthcare devices aids doctors in analyzing diseases to a micro level with enhanced clarity. Moreover, healthcare sector is incorporating VR technology for the treatment of various mental conditionals and retinal illnesses.
As per the regional analysis, light field industry in Asia Pacific is anticipated to witness tremendous growth in the coming years, owing to increasing adoption of advanced imaging and 3D modeling technologies across various industries. Flourishing automobile industry in Japan will also boost the light field market share as newly launched connected cars are incorporated with HUDs for guiding the path and destination with the help of holographic technology.
Major players operating in global light field market are FoVI 3D, Inc., Avegant Corp., Holografika, Google LLC, Japan Display, Inc., Light Field Lab, Inc., Raytrix GmbH, Leia, Inc., Ricoh Innovations Corporation, Nvidia Corporation, Lumii, Inc., OTOY, Inc., Panasonic Corporation, Toshiba Corporation, Sony Corporation, and Samsung Display Co., Ltd.