Attractive Opportunities for the Light Field Market

The light field market was valued at USD 795.7 Million in 2017 and is expected to reach USD 1,822.3 Million by 2023, at a CAGR of 14.5% during the forecast period. The base year considered for the study is 2017 and the forecast period is between 2018 and 2023.

The light field market was valued at USD 924.7 Million in 2018 and is expected to reach USD 1,822.3 Million by 2023, at a CAGR of 14.5% during the forecast period. Major factors driving the growth of light field market includes the increasing demand for light field technology in visual effects technology in movies, just-in-time marketing, rising need of prototyping, and emerging 4D & 5D technologies.

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On the basis of technology, the light field market can be segmented into imaging solution and display. Light-field imaging is one of the most researched 3-D imaging technologies because of its potential to create a viewing environment conforming to a natural viewing condition. In 2017, light field imaging solutions held a majority of the market, and currently, only light field display development kits for augmented and mixed reality are available in the market. These development kits feature hardware, software, and support services that enable businesses to create industry-leading mixed reality products.

The healthcare industry is using light field and 3D imaging technology for scanning diseases related to heart, brain, or other internal body parts with the help of lighter flexible handheld and portable 3D imaging devices. The medical 3D imaging market is witnessing a rapid technological development, focus has now moved toward improved diagnostic procedures by improving the quality of images and providing superior imaging services. The light field market is expected to register the highest growth in media and entertainment vertical with high focus on auto stereoscopy.

North America and Europe are the major leaders in the light field market, mainly because of the strong presence of key players in these regions. Presently, the market in North America is the largest revenue contributor as compared to others in this region; organizations are mainly investing in light field and 3D imaging for technological advancements to fuel the market growth. This region has been amenable toward adopting light field and 3D imaging within the companies for enhancing visualization and augmented customer experience. APAC is emerging as the potential market for solutions based on the light field technology. This region is adopting light field–based 3D technology and its solutions significantly.

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