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.
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Major factors driving the growth of the light field 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.
However, the lack of infrastructure support to implement light field imaging is hindering the growth of the market. The lack of availability of 3D content poses a crucial challenge for this market.
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- 3D animation vendors
- 3D animation service providers
- Computer graphics developers
- System integrators and third-party vendors
- Government bodies
- Technology investors
- Research institutes and organizations
- Market research and consulting firms
North America held the highest market share in the light field market in 2017. Organizations in North America are extensively 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.
Moreover, this region having high population, along with continuously increasing purchasing power and in-depth knowledge of advance technologies, boosts the growth and implementation of the light field and 3D imaging technology.
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The complete range of 3D imaging solutions includes 3D modeling, 3D scanning, layout and animation, 3D rendering, and image reconstruction. The market for 3D rendering is expected to grow significantly owing to the increased demand from the media and entertainment industry for improved imaging.
The increased emphasis on virtualization software is fostering the growth of the 3D rendering market.
2 Market Ranking Analysis of the Light Field Market
3 Competitive Situations and Trends
3.1 Product Launches
3.2 Agreements, Partnerships, Collaborations, & Contracts
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The report estimates the market size and future growth potential of the light field market across different segments such as technology, vertical, and geography. Moreover, the report includes the value chain, market dynamics, and competitive analysis of the key players in the market, along with their company profiles and recent developments.
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