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.
Objectives of the Study
Research Methodology
This research study incorporates the use of secondary sources, directories, and databases such as Hoovers, Bloomberg BusinessWeek, Factiva, and OneSource to identify and collect information useful for the extensive technical, market-oriented, and commercial study of the light field market. Primary sources mainly comprise several experts from core and related industries, along with preferred suppliers, manufacturers, distributors, service providers, technology developers, alliances, and standards and certification organizations related to various parts of this industry’s value chain. In-depth interviews with various primary respondents, including key industry participants, subject matter experts (SMEs), C-level executives of key companies, and consultants, have been conducted to obtain and verify critical qualitative and quantitative information, as well as assess prospects. The breakdown of the profiles of primaries has been depicted in the following figure:
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This report provides valuable insights on the ecosystem of the market. In 2017, the overall light field market was dominated by Lytro (US), Avegant (US), FoVI 3D (US), Japan Display Inc. (JDI) (Japan), and OTOY (US). Other major players in the market include Light Field Lab (US), Holografika (Hungary) Lumii (US), Raytrix (Germany), Leia (US), NVIDIA (US), Toshiba (Japan), and Ricoh Innovations (US).
Report Metric |
Details |
Report Name |
Light Field Market |
Base year |
2017 |
Forecast period |
2018–2023 |
Units |
Value (USD) |
Segments covered |
Type, End User, Offerings, and Region |
Geographic regions covered |
North America, APAC, Europe, and RoW |
Companies covered |
Lytro (US), Avegant (US), FoVI 3D (US), Japan Display Inc. (JDI) (Japan), and OTOY (US). Other major players in the market include Light Field Lab (US), Holografika (Hungary) Lumii (US), Raytrix (Germany), Leia (US), NVIDIA (US), Toshiba (Japan), and Ricoh Innovations (US) |
Key Target Audience:
Scope of the Report:
The research report segments the light field market into the following subsegments:
Light Field Market, by Technology
Light Field Market, by Vertical
Light Field Market, by Region
Available Customizations:
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report.
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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 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.
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.
The lack of infrastructure support to implement light field imaging is hindering the growth of the market. Also, the lack of availability of 3D content poses a crucial challenge for this market. In 2017, major players in the light field market included Lytro (US), Avegant (US), FoVI 3D (US), Japan Display Inc. (JDI) (Japan), and OTOY (US), Light Field Lab (US), Holografika (Hungary) Lumii (US), Raytrix (Germany), Leia (US), NVIDIA (US), Toshiba (Japan), and Ricoh Innovations (US).
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Table of Contents
1 Introduction (Page No. - 11)
1.1 Objectives of the Study
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Geographical Scope
1.3.3 Years Considered for the Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders
2 Research Methodology (Page No. - 14)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Breakdown of Primaries
2.1.2.2 Key Data From Primary Sources
2.1.2.3 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Assumptions
3 Executive Summary (Page No. - 23)
4 Premium Insights (Page No. - 27)
4.1 Attractive Opportunities for the Light Field Market
4.2 Market, By Technology
4.3 Light Field Imaging Solution Market, By Type
4.4 Market, By Region
4.5 Market, By Region and Vertical
4.6 Market, By Vertical
5 Market Overview (Page No. - 31)
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Light Field Technology for Producing Visual Effects in Movies
5.2.1.2 Just-In-Time Marketing
5.2.1.3 Rising Need for Prototyping and Growing Demand of Medical Imaging
5.2.1.4 Emerging 4D and 5D Technologies
5.2.2 Restraints
5.2.2.1 Lack of Infrastructure Support to Implement Light Field Imaging
5.2.3 Opportunities
5.2.3.1 Rising Demand for High-Definition Viewing Experience
5.2.3.2 Evolvement of Virtual Reality and Artificial Technologies
5.2.4 Challenges
5.2.4.1 Lack of Availability of 3D Content
5.3 Value Chain Analysis
6 Light Field Market, By Technology (Page No. - 36)
6.1 Introduction
6.2 Imaging Solution
6.2.1 3D Modeling
6.2.2 3D Scanning
6.2.3 Layout and Animation
6.2.4 3D Rendering
6.2.5 Image Reconstruction
6.3 Light Field Display
7 Light Field Market, By Vertical (Page No. - 41)
7.1 Introduction
7.2 Healthcare and Medical
7.3 Defense and Security
7.4 Media and Entertainment
7.5 Architecture and Engineering
7.6 Industrial
7.7 Other Verticals
8 Market, By Geography (Page No. - 50)
8.1 Introduction
8.2 North America
8.3 Europe
8.4 APAC
8.5 RoW
9 Competitive Landscape (Page No. - 60)
9.1 Overview
9.2 Market Ranking Analysis of the Market
9.3 Competitive Situations and Trends
9.3.1 Product Launches
9.3.2 Agreements, Partnerships, Collaborations, & Contracts
9.3.3 Acquisitions
9.3.4 Expansion
10 Company Profiles (Page No. - 64)
(Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Key Players
10.1.1 Avegant
10.1.2 Lytro
10.1.3 Fovi 3D
10.1.4 Japan Display
10.1.5 Otoy
10.1.6 Light Field Lab
10.1.7 Holografika
10.1.8 Lumii
10.1.9 Raytrix
10.1.10 Leia Inc.
10.1.11 Nvindia
10.1.12 Toshiba
10.1.13 Ricoh Innovations Corporation
10.2 Other Key Players
10.2.1 Samsung Display
10.2.2 Apple Inc.
10.2.3 Pelican Imaging Corporation
10.2.4 Panasonic Corporation
10.2.5 Sony Corporation
*Details on Business Overview, Products & Solutions Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 89)
11.1 Insights of Industry Experts
11.2 Discussion Guide
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Knowledge Store: Marketsandmarkets’ Subscription Portal
11.5 Available Customizations
11.6 Related Reports
11.7 Author Details
List of Tables (17 Tables)
Table 1 Light Field Market, By Technology, 2015–2023 (USD Million)
Table 2 Light Field Imaging Solution Market, By Type, 2015–2023 (USD Million)
Table 3 3D Rendering Light Field Imaging Solution Market, By Deployment Type, 2015–2023 (USD Million)
Table 4 Market, By Vertical, 2015–2023 (USD Million)
Table 5 Market in Healthcare and Medical Vertical, By Region, 2015–2023 (USD Million)
Table 6 Market in Defense and Security Vertical, By Region, 2015–2023 (USD Million)
Table 7 Market in Media and Entertainment Vertical, By Region, 2015–2023 (USD Million)
Table 8 Market in Media and Entertainment Vertical, By Application, 2015–2023 (USD Million)
Table 9 Market in Architecture and Engineering Vertical, By Region, 2015–2023 (USD Million)
Table 10 Market in Industrial Vertical, By Region, 2015–2023 (USD Million)
Table 11 Market in Other Verticals, By Region, 2015–2023 (USD Million)
Table 12 Market, By Region, 2015–2023 (USD Million)
Table 13 Market in North America, By Vertical, 2015–2023 (USD Million)
Table 14 Market in Europe, By Vertical, 2015–2023 (USD Million)
Table 15 Market in APAC, By Vertical, 2015–2023 (USD Million)
Table 16 Market in RoW, By Vertical, 2015–2023 (USD Million)
Table 17 Ranking Analysis of Key Players in the Market, 2016
List of Figures (38 Figures)
Figure 1 Light Field Market: Research Design
Figure 2 Secondary and Primary Research
Figure 3 Market Size Estimation Methodology: Bottom-Up Approach
Figure 4 Market Size Estimation Methodology: Top-Down Approach
Figure 5 Data Triangulation
Figure 6 Imaging Solutions to Dominate the Market Till 2023
Figure 7 3D Rendering Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 8 Healthcare and Medical Vertical Expected to Dominate the Market Till 2023
Figure 9 Market in APAC Expected to Register the Highest CAGR Between 2018 and 2023
Figure 10 Media and Entertainment Vertical Expected to Exhibit High Growth Between 2018 and 2023
Figure 11 Imaging Solution Expected to Dominate the Light Field Display Market During the Forecast Period
Figure 12 3D Rendering is Expected to Grow at the Highest CAGR Between 2018 and 2023
Figure 13 North America Held A Major Share of the Overall Market in 2018
Figure 14 North America is Expected to Dominate the Market During the Forecast Period
Figure 15 Healthcare and Medical Vertical Held the Largest Share of the Market During the Forecast Period
Figure 16 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 17 Value Chain Analysis: Major Value Added During R&D Development and Product Manufacturing Stages
Figure 18 Market , By Technology, 2015–2023
Figure 19 3D Rendering Growing Substantially Among Other Imaging Solutions
Figure 20 Cloud Based Deployment Segment is Expected to Exhibit the Highest Growth During the Forecast Period
Figure 21 Media and Entertainment Expected to Register the Highest Growth Between 2018 and 2023
Figure 22 North America Expected to Grow at the Fastest Rate During the Forecast Period
Figure 23 APAC to Grow at the Highest CAGR During the Forecast Period
Figure 24 APAC to Grow at the Fastest Rate for Media and Entertainment Vertical During the Forecast Period
Figure 25 3D Animation Expected to Register the Highest Growth Rate During the Forecast Period
Figure 26 APAC to Grow at the Fastest Rate for Architecture and Engineering Vertical During the Forecast Period
Figure 27 North America to Dominate the Market for Industrial Vertical By 2023
Figure 28 APAC to Grow at the Highest CAGR for Other Verticals During the Forecast Period
Figure 29 Market, By Region
Figure 30 North America Expected to Dominate the Market Till 2023
Figure 31 APAC Expected to Register the Highest Growth During the Forecast Period
Figure 32 Market Snapshot: North America
Figure 33 Market Snapshot: Europe
Figure 34 Market Snapshot: APAC
Figure 35 Companies Adopted Product Launches and Expansions as the Key Growth Strategies Between 2015 and 2017
Figure 36 Japan Display: Company Snapshot
Figure 37 Nvidia: Company Snapshot
Figure 38 Toshiba: Company Snapshot
Benchmarking the rapid strategy shifts of the Top 100 companies in the Light Field Market
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Growth opportunities and latent adjacency in Light Field Market