Light Field Market– Growth Opportunities and Challenges Over 2018-2024

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Light Field Market Business and Innovation Trends
from 2018 to 2024 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Regional Analysis of Light Field Market

• Asia Pacific is expected to witness a high growth
  in the light field market with the growing
  application of the devices and imaging solutions
  in several industries.
• Ongoing advancements in technologies in countries
  including China, India, and South Korea are
  encouraging the manufacturers to develop and
  adopt innovative technologies that would benefit
  the customers and satisfy their requirements.
• Manufacturers in the region are targeting several
  industries where the applications of the
  technology are growing in industrial, automotive,
  and aerospace sectors.
• Manufacturers are majorly investing in light 3D
  imaging for technological developments to
  increase the light field market growth.

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• Application Analysis of Light Field Market
• Growing use of Augmented Reality (AR) and Virtual
  Reality (VR) devices is expected to drive the
  light field market over the coming years. In
  these devices, the technology helps in creating
  accurate images and sound that imitate the real
  environment to create an imaginary scene. It
  mainly helps in imitating realistic and immersive
  replication of 3D 360-degree virtual environment
  that provides interactive and real-time
  simulation.
• The developers are focusing on designing the
  devices by integrating the technology to provide
  its customers a reality-based experience. For
  instance, in October 2017, Avegant Corporation
  announced that it is developing display kits
  based on this technology and they can be utilized
  by manufacturers in AR/VR devices. This will
  allow the devices to provide a realistic
  appearance of virtual objects by generating
  multiple focal planes. In addition, the growing
  demand for these devices in gaming, defense
  military, medical, and other entertainment
  sectors is driving the light field market.

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Competitive Market Share of Light Field Market

• Key players operating in light field market
  include, Leia, Inc, Fovi 3D, Japan Display,
  Panasonic Corporation, Otoy, Light Field Lab,
  Holografika, Lumii, Raytrix, Avegant, Lytro,
  NVIDIA, Ricoh Innovations Corporation, Toshiba,
  Apple, Inc., Samsung Display, Pelican Imaging
  Corporation, and Sony Corporation, among others.
• These players are competing based on the customer
  need and requirement for the applications of the
  technology in several processes. They are
  adopting several strategies to cater to the
  demand of the customers in the light field market
  such as new product development and product
  differentiation.
• Companies, such as Apple, Google, and Facebook,
  are developing cameras based on the light field
  for immersive augmented reality. In October 2017,
  Facebook and OTOY announced the launch of the
  360-degree VR video technique.

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