Light Field Industry To 2021 High Growth Opportunities, Emerging Trends, Industry Review, Global Forecast 2023
Market
Overview
The demand for high-resolution image
capturing devices is estimated to develop the Light
Field Market in
2020. The camera, display & lighting industry reports are produced by
Market Research Future, which highlights market options for expansion. An
income of USD 1,872 million while progressing at a CAGR of 15% is forecasted
for the market by 2023.
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The sharp rise in the popularity of
smartphones and consumer electronics is estimated to shape the light field
market’s long term growth. The broadening of applications in media &
entertainment and the military & defense sector is estimated to create
traction for the light field market share expansion. The investment into R&
D for product designs is estimated to create better growth opportunities for
light field market companies in the forecast period.
Segmental Analysis
The segmental examination of the light
field market is conducted on the basis of verticals, technology, and region.
The verticals-based segmentation of the light field market comprises of military
& defense, healthcare, media & entertainment, and others. Based on the
imaging solution, the light field market comprises of image reconstruction, 3D
scanning, layout and animation, 3D modeling, 3D rendering, and others. Based on
the regions, of the light field market consists of Asia-Pacific, North America,
Europe, and the rest of the regions. Based on the technology, the light field
market comprises of light field display, the imaging solution, and others.
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Detailed
Regional Analysis
The regional scrutiny
of the light field market encompasses regions such as Asia-Pacific, North
America, Europe, and the rest of the regions. The North American regional
market is the principal region in the world in terms of market stake. The light
field market of this region has an enormous demand due to the escalating implementation
of machine learning technologies & artificial intelligence, which are
boosting the market augmentation to a large degree. The light field market in
the European region is projected to observe rapid growth in the approaching
period owing to the escalating penetration of highly developed technology-based
photographic devices amid users in these regions. While, the Asia-Pacific
nations, such as Japan, India, and China, are the promising light field markets
that are anticipated to grow at the uppermost CAGR in the approaching years.
Competitive
Analysis
The restitution and operations on a daily
basis are anticipated to take some time, which will show the way to
concentrated development of the backlogs created in delivery. The financial
backing provided by the administrations and trade bodies is anticipated to
reclaim the situation in the approaching years. The conundrum present in the
global market relating to the fundamental assets of the corporations is being
optimized to fair the existing pandemic more successfully. The growth
restraints of the market are anticipated to be momentous and will need to be
neutralized to unlock favorable development in the market. The unsteadiness in
the forces of demand and supply is expected to produce an advantageous bearing
on the market taken as a whole in the forecast period. The declining effects
evident in the market globally are anticipated to stay for the foreseeable
future to the scale of impact on the worldwide market. The necessity for
tactful analysis of the market cues and demand projections is anticipated to
lead to a robust expansion in the market.
The influential companies in the light
field market are Avegant Corporation (U.S.), FoVI 3D Inc. (U.S.), Raytrix GmbH
(Germany), Lumii (U.S.), Holografika (Hungary), Pelican Imaging Corp. (U.S.),
Japan Display Inc. (JDI) (Japan), Apple Inc. (U.S.), Cannon Inc. (Japan),
Lytro, Inc. (U.S.), Samsung Electronics Co. Ltd. (South Korea), OTOY (U.S.),
Leia (U.S.), Nvidia Corporation (U.S.), Sony Corporation (Japan), Toshiba
Corporation (Japan), Light Field Lab, Inc. (U.S.), Panasonic Corporation
(Japan), and Ricoh Innovations Corp. (U.S.), among others.
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Research Future:
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