Light Field Market

Light Field Market Size, Share, Growth (2023-2028)

Light Field Market USD 1135.7 Million in 2023 is projected to grow to be valued at around USD 2,541.9 Million by 2028, at a CAGR of 13.8% over the period from 2023-2028.

Light Field Market Overview

The light field is the vector function that illustrates the quantity of the light that was flowing in every direction across every point in space.The major factor that was influencing the growth of the light field market is the growing wide range of applications in various end-use verticals, which include aerospace & defense, healthcare, media & entertainment, architecture and engineering, and others. Moreover, rising demand for the light field technology for making visual effects in movies, growing need for prototyping & increasing demand for numerous medical imaging, and emerging 4D & 5D technologies are the other factors that will support the growth of the target market over the forecast period.

Recent Developments

• Google LLC, a multinational technology company that is known for its Internet-related services & products like online advertising technologies, a search engine, cloud computing, software, and hardware, was pushing for the talks to acquire Kubernetes startup D2iQ, repeatedly. 

• Light Field Lab, one of the key players of the Global Light Field Market, has announced that it has risen over $28 million funds for the developments of technologies for building the large holographic displays from the small building blocks.

Light Field Market Drivers and Restraints

Increasing demand for the latest technologies in medical imaging in various countries is the major factor that was driving the growth of the Global Light Field Market. Also, an increase in the demand for High-Definition (HD) viewing experience coupled with the growing need for the technology for prototyping is further touted to fuel the growth of the target market in the forecast period. Further, rising demand for technologies of this light field for visual effects in the entertainment and media industries are boosting the Light Field Market, all around the world.However, the lack of infrastructure that supports the implementation of this light field imaging is the major restraint that was challenging the growth of the target market. In addition, the high requirement of large data storage for the light field equipment is another factor that was hampering the light field market's growth.Nevertheless, increasing demand for AR/VR technologies in various regions is creating lucrative opportunities or the expansion of the key players in the target market, which are developing these technologies.

Light Field Market Segmentation

Based on the technology,

• Imaging Solution

• Display

Among these, imaging solutions segments held the major share of the market. It is expected that this segment is going to witness the high adoption rates in the market. These solutions are getting widely utilized in various sectors for executing a careful and important investigation of processes in industrial. Imaging solutions include the infrared & thermal imaging, molecular structure examination, and other medical process examinations & analysis.

And based on the Vertical Outlook,

• Healthcare & Medical

• Defense & Security

• Media & Entertainment

• Architecture & Engineering

• Industrial

Among all these segments, the architecture & engineering segment is the one that is estimated to grow at a higher CAGR of around 15% over the forecast period. The major reason for the growth of the segment is the rapid growth of the applications of these technologies in architecture & engineering is because of the rising adoption of the products for 3D rendering, 3D scanning, and 3D modeling. Therefore, these solutions deliver effective solutions to engineers & architects, which can provide them the terms to perform their engineering tasks in the accurate and efficient ways. The engineers use 2D images for analyzing the infrastructure component, which are used to be less accuracy in results.

Light Field Market Regional Analysis

• North America

• Europe

• Asia-Pacific

• South America

• Middle East & Africa

In the regional analysis of the Global Light Field Market, North America's regional market accounted for the major share of the revenue, with over 55%. It is also estimated that the light field technologies are getting adopted at a higher rate because of the growing industrialization and urbanization in North America. Also, various industrial sectors in this region are planning to amalgamate these technologies for modifying & simplifying their operations in the business. Further, the USA and Canada are the regions that are estimated to be adopting these technologies of such advanced solutions. Also, another factor that was driving the growth of the target market in this region is the presence of the global industrial players and the growing technological advancements & innovations, by which these technologies are growing their adoption. And the rising investments in the research & development activities of these technologies by various manufacturers are supporting the growth of the North America regional light field market. Moreover, Europe Light Field Market and Asia-Pacific Light Field Markets are the other regional markets that are following North America, in the revenue aspect.

Light Field Market Key Players

1. Avegant Corp.,

2. FoVI 3D, Inc.,

3. Google LLC,

4. Holografika,

5. Japan Display, Inc.,

6. Leia, Inc.,

7. Light Field Lab, Inc.,

8. Lumii, Inc.,

9. Nvidia Corporation,

10. OTOY, Inc.,

11. Panasonic Corporation,

12. Raytrix GmbH,

13. Ricoh Innovations Corporation,

14. Samsung Display Co. Ltd.,

15. Sony Corporation,

16. Toshiba Corporation.