Light Field Market to cross USD 1.5 billion by 2024

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Global Light Field Market to hit USD 1.5 billion
by 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Light Field Market

• Global Light Field Market valued at USD 650
  million in 2017 and worth over 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. 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.

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Continued...

• The growing demand for high-definition picture
  quality that improves the viewing experience and
  interactivity of the users with the display
  screen is accelerating light field market growth.
  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. The traditional
  cameras are not able to provide 3D images with
  this high-resolution capacity.

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Japan light field market, by application, 2017
2024 (USD Million)

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Continued...

• 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.

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Continued...

• 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 growing retail sector in Latin America is
  forcing the retailers to adopt new strategies to
  gain a competitive advantage. With this, they are
  leveraging the proliferation of AR/VR
  technologies. The technology is bringing in a new
  interactive shopping and brand engagement
  experience to consumers in retail. With
  increasing online shopping, brick-and-mortar
  retail stores are introducing interactive
  experience devices such as VR/AR and mixed
  reality technology to improve the shopping
  experience.

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Global light field market share, by technology,
2024 (USD Million)

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Continued...

• Key players in the light field market are Toshiba
  Corporation, Sony Corporation, Ricoh Innovations
  Corporation, Light Field Lab, Inc., Samsung
  Display Co. Ltd., Leia, Inc., Japan Display,
  Inc., Panasonic Corporation, OTOY Inc., NVidia
  Corporation, Lumii Inc., Holografika, Google LLC,
  Avegant Co., Raytrix GmbH, and FoVi3D, Inc.,
  among others.
• These players are developing innovative offerings
  to capture the 3D or 4D light fields and
  projecting it on the screen to improve the
  visibility interactivity with the image.
  Manufacturers are partnering with several
  industry leaders and research institutes for the
  development of innovative solutions.

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Industry Coverage

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Table OF Contents
Chapter 1 Methodology Scope 1.1
Definition and forecast parameters 1.1.1
Definitions 1.1.2 Methodology and forecast
parameters 1.2 Data Sources 1.2.1
Secondary 1.2.2 Primary Chapter 2
Executive Summary 2.1 Light field industry
3600 synopsis, 2015 - 2024 2.1.1 Business
trends 2.1.2 Regional trends 2.1.3
Technology trends 2.1.4 Application trends
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