Light Field Market - Forecast(2024 - 2030)

Report Code: ESR 53354 Report Format: PDF + Excel

Light Field Market Overview

Light Field market size was valued at $1.0 billion in 2020, and it is estimated to grow at a CAGR of 8.9% during 2021-2026. The growth is mainly attributed to the increasing demand for light field technology in visual effects technology in media and entertainment, just-in-time marketing, rising need of prototyping, and emerging 4D and 5D technologies is set to drive the market. 

Furthermore, growing awareness towards technology advancement manufacturers and consumers regarding 3D imaging technology is set to drive the light field market. The rising use of Light Field for 3D Mapping, 3D Rendering and 3D Scanning in particular will drive market growth. Apart from this, the growing applications in Image reconstruction in Architecture sector will also drive market growth.

Light Field Market Report Coverage

The report: “Light Field Industry Outlook - Forecast (2021-2026)”, by IndustryARC, covers an in-depth analysis of the following segments of the Light Field industry.

By Technology: Imaging Solution, Display
By Industry Vertical: Healthcare and Medical, Defense and Security, Media and Entertainment, Automotive, Architecture and Engineering, Industrial and Others
By Geography: North America (U.S., Canada and Mexico); Europe (U.K., Germany, Italy, France, Spain, Russia, Netherlands, Rest of Europe); APAC (China, Japan, South Korea, India, Australia, Indonesia, Malaysia Rest of APAC); South America (Brazil, Argentina, Chile, Colombia, Rest of South America) RoW (Middle East & Africa)

Key Takeaways

  • North America dominated the Light Field market in term of revenue in 2019 owing to the presence of major number of players and adoption of advanced technologies.
  • Adoption of advanced technologies such as IoT, automation technologies in industries and stringent regulations to use advanced equipment is poised to propel the market growth. 
  • Factors such as growing adoption of high computational capability, 3D Scanning and 3D mapping, artificial intelligence, and machine learning technologies, are expected to positively impact the market growth of the light field over the forecast period.
  • Lack of infrastructure is the major challenge that hampers the market growth.

Light Field Market, By Technology, 2020 (%)

For More Details on This Report - Request for Sample

Light Field Market Segment Analysis – By Technology

Light field display held the major share of 69.4% in 2020. Light field display technology can assess and correct the user’s vision. Adoption of light field displays in media and entertainment and automotive sector is set to drive the market. In 2019, Continental and Leia’s new 3D light field display had launched for automotive applications. This solution is used for 3D Mapping and 3D Scanning applications of vehicles and components. These kind of product developments drive the light field market.

Light Field Market Segment Analysis – By Industry Vertical

Healthcare and Medical is the fastest growing segment in Light Field market and estimated to grow at a CAGR of 10.5% during forecast period 2021-2026. In healthcare and medical industry, light field is used for scanning diseases related to heart, brain or other internal body parts with the assistance of lighter flexible handheld and portable 3D mapping and 3D scanning devices. With the increase in technological development, focus has now moved towards improved diagnostic procedures by improving the quality of images and providing superior imaging services. 3D fusion imaging technology which is the combination of computed tomography (CT) and magnetic resonance imaging (MRI) can bolster in improving coronary artery disease diagnosis. This technique assists in easier and accurate identification of areas of narrowing in coronary arteries and this is poised to provide opportunities for the market growth.

Light Field Market Segment Analysis – By Geography

North America dominated the Light Field market in 2020 with a market share of 35.28%, followed by Europe and APAC owing to the presence of large number of players. In addition to these, high adoption of advanced technologies in industries drives the market growth in this region. Moreover, this region has been amendable towards adopting light field and 3D mapping and 3D Scanning within the companies for enhancing visualization and augmenting customer experience and this is set to drive the market.

Light Field Market Drivers 

Increasing demand for light field technology in media and entertainment

Increasing demand for light field technology for visual effects in entertainment sector is set to drive the light field market with the focus on auto stereoscopy. Auto stereoscopy is used for displaying stereoscopic pictures without wearing any glasses. This technology works with the assistance of motion parallax and wide viewing angle. It assists in providing viewers an illusion of 3D mapping and 3D Scanning. Adoption of these kind of technologies in media and entertainment sector drive the market.

Emerging 4D and 5D technologies

The emerging 4D and 5D technologies in the industrial sectors are aiding many business processes in order to perform accurately and efficiently by providing a clear view and check on the operational and functioning of its part that is set to drive the market. Adoption of 4D and 5D light fields is an important task in computer vision and computer graphics is set to drive the market.

Light Field Market Challenges

Lack of infrastructure

Lack of infrastructure support to implement the light field imaging hinders the light field market growth. Lack of availability of 5D content and efficient manage of immense data requirements of 5D ray space poses a critical challenge for this market. Furthermore, lack of skilled resources is also one of the major challenges that hamper the market growth.

Light Field Market Landscape

Technology launches, Acquisitions, Collaboration, funding and R&D activities are the key strategies adopted by players in the Light Field market. Light Field top 10 companies include Lytro, Avegant, FoVI, Japan Display Inc, OTOY, Light Field Lab, Holografika, Raytrix, Leia, Toshiba, Ricoh Innovation, Sony Corporation, and others.

Acquisitions/Technology Launches

  • In January 2019, Avegant company had announced the availability of their light field technology that other companies can use their augmented and mixed reality devices. This enhances the company’s market share.
  • In August 2019, Light Field Lab had raised $28 million in funding for its technology in order to build large holographic displays. This kind of funding activities drive the market.

Related Reports:

Light Therapy Market – Forecast (2021 - 2026)

Report Code: HCR 0313

Holographic Display Market - Forecast(2021 - 2026)

Report Code: ESR 0056

For more Electronics Market reports, please click here

1. Light Field Market Overview
    1.1 Definitions and Scope
2. Light Field Market - Executive Summary
    2.1 Market Revenue, Market Size and Key Trends by Company
    2.2 Key trends By Industry Vertical
    2.3 Key trends segmented by Geography
3. Light Field Market – Market Landscape
    3.1 Comparative Analysis
        3.1.1 Product/Company Benchmarking-Top 5 Companies
        3.1.2 Top 5 Financial Analysis
        3.1.3 Market Value Split by Top 5 Companies
        3.1.4 Patent Analysis
        3.1.5 Pricing Analysis (Comparison of General Price of Industry Solutions)
4. Light Field Market – Industry Market Entry Scenario Premium (Premium)
    4.1 Regulatory Scenario
    4.2 Ease of Doing Business Index
    4.3 Case Studies
    4.4 Customer Analysis
5. Light Field Market – Startup Company Scenario (Premium)
    5.1 Venture Capital and Funding Scenario
    5.2 Startup Company Analysis
6. Light Field Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Light Field Market – By Strategic Analysis (Market Size -$Million/Billion)
    7.1 Value Chain Analysis
    7.2 Opportunities Analysis
    7.3 Product Life Cycle/Market Life Cycle Analysis
8. Light Field Market – By Technology (Market Size -$Million/Billion)
    8.1 Imaging Solution
    8.2 Display
9. Light Field Market – By End Use Industry (Market Size -$Million/Billion)
    9.1 Automotive
    9.2 Healthcare and Medical
    9.3 Defense and Security
    9.4 Architectural and Engineering
    9.5 Media and Entertainment
    9.6 Industrial
    9.7 Others
10. Light Field Market - By Geography (Market Size -$Million/Billion)
    10.1 North America
        10.1.1 U.S
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 Netherlands
        10.2.8 Others
    10.3 APAC
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia
        10.3.6 Indonesia
        10.3.7 Malaysia
        10.3.8 Others
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 Others
    10.5 ROW
        10.5.1 Middle East
        10.5.2 Africa
11. Light Field Market - Market Entropy
    11.1 New product launches
    11.2 M&A's, collaborations, JVs and partnerships
12. Light Field Market – Industry Competitive Landscape (Premium)
    12.1 Market Share – Global
    12.2 Market Share by Region
    12.3 Market Share By Industry Vertical
13. Light Field Market – Key Company List by Country Premium (Premium)
14. Light Field Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10

LIST OF TABLES

1.Global Light Field Market By Technology Market 2019-2024 ($M)
1.1 Imaging Solution Market 2019-2024 ($M) - Global Industry Research
1.1.1 3D Modeling Market 2019-2024 ($M)
1.1.2 3D Scanning Market 2019-2024 ($M)
1.1.3 Layout & Animation Market 2019-2024 ($M)
1.1.4 3D Rendering Market 2019-2024 ($M)
1.1.5 Image Reconstruction Market 2019-2024 ($M)
1.2 Light Field Display Market 2019-2024 ($M) - Global Industry Research
2.Global Light Field Market By Vertical Market 2019-2024 ($M)
2.1 Healthcare & Medical Market 2019-2024 ($M) - Global Industry Research
2.2 Defense & Security Market 2019-2024 ($M) - Global Industry Research
2.3 Media & Entertainment Market 2019-2024 ($M) - Global Industry Research
2.4 Architecture & Engineering Market 2019-2024 ($M) - Global Industry Research
2.5 Industrial Market 2019-2024 ($M) - Global Industry Research
3.Global Light Field Market By Technology Market 2019-2024 (Volume/Units)
3.1 Imaging Solution Market 2019-2024 (Volume/Units) - Global Industry Research
3.1.1 3D Modeling Market 2019-2024 (Volume/Units)
3.1.2 3D Scanning Market 2019-2024 (Volume/Units)
3.1.3 Layout & Animation Market 2019-2024 (Volume/Units)
3.1.4 3D Rendering Market 2019-2024 (Volume/Units)
3.1.5 Image Reconstruction Market 2019-2024 (Volume/Units)
3.2 Light Field Display Market 2019-2024 (Volume/Units) - Global Industry Research
4.Global Light Field Market By Vertical Market 2019-2024 (Volume/Units)
4.1 Healthcare & Medical Market 2019-2024 (Volume/Units) - Global Industry Research
4.2 Defense & Security Market 2019-2024 (Volume/Units) - Global Industry Research
4.3 Media & Entertainment Market 2019-2024 (Volume/Units) - Global Industry Research
4.4 Architecture & Engineering Market 2019-2024 (Volume/Units) - Global Industry Research
4.5 Industrial Market 2019-2024 (Volume/Units) - Global Industry Research
5.North America Light Field Market By Technology Market 2019-2024 ($M)
5.1 Imaging Solution Market 2019-2024 ($M) - Regional Industry Research
5.1.1 3D Modeling Market 2019-2024 ($M)
5.1.2 3D Scanning Market 2019-2024 ($M)
5.1.3 Layout & Animation Market 2019-2024 ($M)
5.1.4 3D Rendering Market 2019-2024 ($M)
5.1.5 Image Reconstruction Market 2019-2024 ($M)
5.2 Light Field Display Market 2019-2024 ($M) - Regional Industry Research
6.North America Light Field Market By Vertical Market 2019-2024 ($M)
6.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
6.2 Defense & Security Market 2019-2024 ($M) - Regional Industry Research
6.3 Media & Entertainment Market 2019-2024 ($M) - Regional Industry Research
6.4 Architecture & Engineering Market 2019-2024 ($M) - Regional Industry Research
6.5 Industrial Market 2019-2024 ($M) - Regional Industry Research
7.South America Light Field Market By Technology Market 2019-2024 ($M)
7.1 Imaging Solution Market 2019-2024 ($M) - Regional Industry Research
7.1.1 3D Modeling Market 2019-2024 ($M)
7.1.2 3D Scanning Market 2019-2024 ($M)
7.1.3 Layout & Animation Market 2019-2024 ($M)
7.1.4 3D Rendering Market 2019-2024 ($M)
7.1.5 Image Reconstruction Market 2019-2024 ($M)
7.2 Light Field Display Market 2019-2024 ($M) - Regional Industry Research
8.South America Light Field Market By Vertical Market 2019-2024 ($M)
8.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
8.2 Defense & Security Market 2019-2024 ($M) - Regional Industry Research
8.3 Media & Entertainment Market 2019-2024 ($M) - Regional Industry Research
8.4 Architecture & Engineering Market 2019-2024 ($M) - Regional Industry Research
8.5 Industrial Market 2019-2024 ($M) - Regional Industry Research
9.Europe Light Field Market By Technology Market 2019-2024 ($M)
9.1 Imaging Solution Market 2019-2024 ($M) - Regional Industry Research
9.1.1 3D Modeling Market 2019-2024 ($M)
9.1.2 3D Scanning Market 2019-2024 ($M)
9.1.3 Layout & Animation Market 2019-2024 ($M)
9.1.4 3D Rendering Market 2019-2024 ($M)
9.1.5 Image Reconstruction Market 2019-2024 ($M)
9.2 Light Field Display Market 2019-2024 ($M) - Regional Industry Research
10.Europe Light Field Market By Vertical Market 2019-2024 ($M)
10.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
10.2 Defense & Security Market 2019-2024 ($M) - Regional Industry Research
10.3 Media & Entertainment Market 2019-2024 ($M) - Regional Industry Research
10.4 Architecture & Engineering Market 2019-2024 ($M) - Regional Industry Research
10.5 Industrial Market 2019-2024 ($M) - Regional Industry Research
11.APAC Light Field Market By Technology Market 2019-2024 ($M)
11.1 Imaging Solution Market 2019-2024 ($M) - Regional Industry Research
11.1.1 3D Modeling Market 2019-2024 ($M)
11.1.2 3D Scanning Market 2019-2024 ($M)
11.1.3 Layout & Animation Market 2019-2024 ($M)
11.1.4 3D Rendering Market 2019-2024 ($M)
11.1.5 Image Reconstruction Market 2019-2024 ($M)
11.2 Light Field Display Market 2019-2024 ($M) - Regional Industry Research
12.APAC Light Field Market By Vertical Market 2019-2024 ($M)
12.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
12.2 Defense & Security Market 2019-2024 ($M) - Regional Industry Research
12.3 Media & Entertainment Market 2019-2024 ($M) - Regional Industry Research
12.4 Architecture & Engineering Market 2019-2024 ($M) - Regional Industry Research
12.5 Industrial Market 2019-2024 ($M) - Regional Industry Research
13.MENA Light Field Market By Technology Market 2019-2024 ($M)
13.1 Imaging Solution Market 2019-2024 ($M) - Regional Industry Research
13.1.1 3D Modeling Market 2019-2024 ($M)
13.1.2 3D Scanning Market 2019-2024 ($M)
13.1.3 Layout & Animation Market 2019-2024 ($M)
13.1.4 3D Rendering Market 2019-2024 ($M)
13.1.5 Image Reconstruction Market 2019-2024 ($M)
13.2 Light Field Display Market 2019-2024 ($M) - Regional Industry Research
14.MENA Light Field Market By Vertical Market 2019-2024 ($M)
14.1 Healthcare & Medical Market 2019-2024 ($M) - Regional Industry Research
14.2 Defense & Security Market 2019-2024 ($M) - Regional Industry Research
14.3 Media & Entertainment Market 2019-2024 ($M) - Regional Industry Research
14.4 Architecture & Engineering Market 2019-2024 ($M) - Regional Industry Research
14.5 Industrial Market 2019-2024 ($M) - Regional Industry Research

LIST OF FIGURES

1.US Light Field Market Revenue, 2019-2024 ($M)
2.Canada Light Field Market Revenue, 2019-2024 ($M)
3.Mexico Light Field Market Revenue, 2019-2024 ($M)
4.Brazil Light Field Market Revenue, 2019-2024 ($M)
5.Argentina Light Field Market Revenue, 2019-2024 ($M)
6.Peru Light Field Market Revenue, 2019-2024 ($M)
7.Colombia Light Field Market Revenue, 2019-2024 ($M)
8.Chile Light Field Market Revenue, 2019-2024 ($M)
9.Rest of South America Light Field Market Revenue, 2019-2024 ($M)
10.UK Light Field Market Revenue, 2019-2024 ($M)
11.Germany Light Field Market Revenue, 2019-2024 ($M)
12.France Light Field Market Revenue, 2019-2024 ($M)
13.Italy Light Field Market Revenue, 2019-2024 ($M)
14.Spain Light Field Market Revenue, 2019-2024 ($M)
15.Rest of Europe Light Field Market Revenue, 2019-2024 ($M)
16.China Light Field Market Revenue, 2019-2024 ($M)
17.India Light Field Market Revenue, 2019-2024 ($M)
18.Japan Light Field Market Revenue, 2019-2024 ($M)
19.South Korea Light Field Market Revenue, 2019-2024 ($M)
20.South Africa Light Field Market Revenue, 2019-2024 ($M)
21.North America Light Field By Application
22.South America Light Field By Application
23.Europe Light Field By Application
24.APAC Light Field By Application
25.MENA Light Field By Application
26.Key Players, Sales /Revenue, 2015-2018 ($Mn/$Bn)