HOME Research Insight Avegant (US) and FoVI 3D (US) are the Leading Player in the Light Field Market

Avegant (US) and FoVI 3D (US) are the Leading Player in the Light Field Market

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. 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 are Light Field Lab (US), Holografika (Hungary) Lumii (US), Raytrix (Germany), Leia (US), NVIDIA (US), Toshiba (Japan), and Ricoh Innovations (US).

Lytro is one of the leading players in the light field market for cameras. Lytro camera, a biggest revolution in cameras, is a portable light field camera that captures the whole light field of a scene, so that one can easily change the depth of field and focusing point of a photo after capturing it. The company is continuously innovating its products to sustain in the competitive market.

Avegant is the leading player in the light field technology. It is expanding its offering related to the light field technology. The company mainly focuses on product launches and technological advancements. For instance, recently, in October 2017, Avegant Corp. announced the availability of its Light Field Display Development Kit for augmented and mixed reality, enabling companies to build products powered by Avegant's cutting-edge display technology. Featuring multiple focal planes, Avegant's Light Field Display Development Kit solves one of mixed reality's greatest challenges, enabling virtual objects to appear real at any distance. The Light Field Display Development Kit features hardware, software, and support services that enable businesses to create mixed-reality products.

FoVi 3D is dedicatedly working on light field technology to develop light field imaging, rendering, and metrology. The company specifically caters to medical, government, entertainment, and oil & gas. The company has exceptional technical team with deep experience in optical, mechanical, electrical, and software engineering, along with unparalleled expertise in light field displays and holography. This helps the company come up with innovative products and solutions, thereby propelling the growth of the company in the light field market.  

Japan Display Inc. (JDI) focuses on stepping up its research and development to develop differentiation technology for light field display. Recently, in May 2017 Japan Display Inc. (JDI)””and NHK Media Technology, Inc. (NHK-MT) announced their collaborative research and development to introduce a next-generation 17.0-inch light field display based on an 8K LCD created with JDI's proprietary high-definition technology, combining it with NHK Media Technology's unprecedented high-definition, next-generation 3D image processing. JDI reported a revenue growth of 33% in 2017; it had plans to increase its R&D expenditure by 25% in 2017. This growth in the revenue and the R&D budget in the company indicate the possibilities of innovative technological advancements in the near future

Related Reports:

Light Field Market by Technology (Imaging Solution, Display), Vertical (Healthcare and Medical, Defense and Security, Media and Entertainment, Architecture and Engineering, Industrial), and Geography - Global Forecast to 2023

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