The global light field market size is expected to reach USD 154 million by 2026 from USD 76 million in 2021, growing at a CAGR of 15.1%. The key factors driving the growth of the market include improved visual effects technology in movies and games, customized marketing, escalated need for prototyping and medical imaging. Avegant (US), FoVI 3D (US), OTOY (US), Japan Display (Japan), Raytrix (Germany), Fathom Optics (US), NVIDIA (US), Light Field Lab (US), Holografika (Hungary), Leia (US), Quidient (US) are among a few major players in the light field market.
Avegant has strong research and development capabilities to create new, innovative technologies for cameras. Their 3D technology is used in various applications such as engineering, design, and healthcare. Featuring multiple focal planes, Avegants light field display development kit solves one of mixed realitys greatest challenges—enabling virtual objects to appear real at any distance. The light field display development kit features hardware, software, and support services that allow businesses to develop mixed-reality products.
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Fovi 3D focuses principally on the innovation of light field technology, including 3D light field displays, rendering, calibration, and metrology. In August 2017, FoVI3D installed the first-ever light field display metrology system, Holographic Light field 3D Display Metrology (HL3DM), at Wright-Patterson Air Force Base as part of the Small Business Innovative Research Program. The company specifically caters to the medical, government, entertainment, and oil & gas industries. It has an exceptional technical team with deep experience in optical, mechanical, electrical, and software engineering and unparalleled expertise in light field displays and holography. Such experience and expertise help them develop innovative products and solutions, thereby increasing the company’s growth in the light field market.
Japan Display is one of the few companies in the display manufacturing industry that has reported huge revenue growth over the last three years. Japan Display has only one segment—Small and Medium-sized Display Panels. The company designs, develops, manufactures, and sells small and medium-sized display devices and related products. It offers liquid crystal display modules for smartphones, tablets, automotive, digital cameras, and medical equipment. The company’s future strategy is to focus on products for notebook PCs, signage, VR/AR, wearable devices, and other applications.
Light Field Market by Technology (Hardware (Imaging Solutions, Light Field Displays), Software), Vertical (Media & Entertainment, Healthcare, Architecture, Industrial, Defense), and Region(North America, APAC, Europe, and RoW) - Global Forecast to 2026
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