The new report by Expert Market Research titled, ‘Global Light Field Market Report and Forecast 2021-2026’, gives an in-depth analysis of the global light field market, assessing the market based on its segments like technology, end use, and major regions like Asia Pacific, Europe, North America, Middle East and Africa and Latin America. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2021-2026)
- Historical Market Size (2020): USD 1 Billion
- Forecast CAGR (2021-2026): 14%
- Forecast Market Size (2026): USD 2.3 Billion
The global light field market is being driven by the growing demand for this function for visual effects sector. Further, the usage of the light field in movies, marketing, and evolving 5D & 4D technologies are aiding the growth of the market. The market is expected to witness expansion as light field cameras are being adopted for various military and defence, hospitality, and the entertainment industry application. Additionally, factors such as rising adoption of high computational capability, artificial intelligence, increasing need for ASICs, and machine learning technologies, are expected push the market for light field forward. Moreover, owing to light field’s ability to recreate an original observing environment, it is most preferred 3D imaging technology. The increasing awareness about light field technology is further expected to catalyse the market growth in the forecast period.
Industry Definition and Major Segments
The light field is used to calculate the light received at a given point in universe. The radiance and 5D plenoptic gives the magnitude and vector direction of single ray of light. It finds its application is precise digital visualisation of real-world scenes and objects.
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Based on technology, the market is divided into:
- Imaging Solution
- Based on type
- 3D modelling
- 3D scanning
- 3D rendering
- Layout and animation
- Image reconstruction
- Based on type
Based on end use, the industry can be segmented into:
On the basis of regional markets, the industry is divided into:
1 North America1.1 United States of America1.2 Canada2 Europe2.1 Germany2.2 United Kingdom2.3 France2.4 Italy2.5 Others3 Asia Pacific3.1 China3.2 Japan3.3 India3.4 ASEAN3.5 Others4 Latin America4.1 Brazil4.2 Argentina4.3 Mexico4.4 Others5 Middle East & Africa5.1 Saudi Arabia5.2 United Arab Emirates5.3 Nigeria5.4 South Africa5.5 Others
Regionally, North America has the largest share in global light field market, this can be attributed to early adoption and extensive usage of light field in 3D imaging. Moreover, the presence of key players in the region and increasing investment in technological advancement of light 3D imaging are expected to increase the market growth. Meanwhile, Asia Pacific is expected to witness rapid growth due to the development in industrial sector and media sector.
Key Market Players
The major players in the market are Avegant Corp., Japan Display Inc., Apple Inc., Raytrix GmbH, OTOY Inc., Sony Corporation, and a few others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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