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Recent years have seen significant changes in the light field industry, mostly due to increased uses across a wide range of sectors and technical improvements. In order to provide customers a more realistic and immersive experience, this industry is centered upon the collection, processing, and display of light beams in three dimensions. The increasing need for augmented reality (AR) and virtual reality (VR) applications is one of the main factors influencing market dynamics. The need for complex light field solutions has increased as a result of the adoption of these technologies by sectors including gaming, healthcare, and automotive.
By allowing more realistic and participatory gameplay, light field technology has completely changed the gaming industry and its user experiences. Enhancing the sensation of presence and immersion in a virtual world is possible when the depth of field can be captured and replicated. Due to this, there is an increasing need for light field cameras and displays made specifically for use in video games. Furthermore, light field imaging has been used by the healthcare sector for uses including surgical simulation and medical imaging. Light field technology provides three-dimensional imaging that helps medical practitioners diagnose patients more accurately and improves surgical results.
Another important actor in the dynamics of the light field market is the automobile sector. Advanced driver-assistance systems (ADAS) are improved by the incorporation of light field cameras into cars because they provide a more accurate and comprehensive picture of the surrounding area. This is especially important for autonomous cars since safe navigation depends on accurate perception of distance and depth. With automakers continuing to pour money into autonomous driving systems, light field solutions should become much more in demand.
Furthermore, the way that information is produced and consumed has evolved has had a significant impact on the light field industry. Content that provides a more realistic experience is becoming more and more necessary as high-quality screens proliferate and streaming services become more and more popular. By capturing a scene's depth and perspective, light field technology meets this need and enables content producers to create more captivating and immersive graphics. The light field business is anticipated to see changes in market dynamics as customer demands for realistic content continue to rise.
However, issues like exorbitant manufacturing costs and little customer awareness stand in the way of light field technology's broad use. Light field solutions' complex hardware and software requirements drive up manufacturing costs, which prevents some market segments from accessing them. Furthermore, despite its promise, there is still a need for companies and consumers to be better informed about the uses and advantages of light field technology.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | Technology, Vertical, and Region |
Light Field Market Highlights:
Global Light Field Market Overview:
Light Field Market Size was valued at USD 1.95 Billion in 2023. The Light Field industry is projected to grow from USD 2.2425 Billion in 2024 to USD 5.98 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.04% during the forecast period (2024 - 2032). Improved visual effects technology in movies and games, customized marketing, escalated the need for prototyping, and medical imaging are the key market drivers expanding the market growth.
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Light Field Market Trends
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Industrial sectors' emerging 4D and 5D technologies drive market growth
Market CAGR for the light field is driven by the various key players dedicated to incorporating light field technology in an extensive range of products. Further, the market is witnessing expansion over the forecast period as cameras are being adopted for various applications in industries like military and defense, hospitality, and entertainment. In addition, the emerging 4D and 5D technologies in the industrial sectors are aiding many business processes to perform accurately and efficiently by providing a clear view and checking on the operability and functioning of their parts. Other products, like displays, are also observing an increased adoption of this technology, fueling the market growth of the light field industry over the forecast period.
Additionally, rising demand for HD viewing experience drives the market growth. Light field imaging is one of the most studied 3D imaging technologies because of its potential to create a natural viewing environment. After the evolution of 3D technology, developments can be witnessed in terms of enhancing content quality and improving the user-viewing experience. 3D technology has enabled providing high-definition (HD) content to enhance the viewing experience through advanced 3D-enabled devices such as 3D display units and VR devices. Apple's latest patent describes using a camera array for immersive augmented reality (AR), live display walls, head-mounted displays, video conferencing, and similar applications based on a user's point of view. HD 3D experience helps in acquiring more customers. It provides an enhanced visual experience regarding the reality, capturing attention and increasing emotional response. This improvement in the user-viewing experience would help various companies examine their products in detail and make further enhancements to make them effective.
Holographic light field displays are set to help retailers take customer experience one step further by offering interactive, lifelike shopping experience by providing images with 3D depth with complex, realistic light effects. Showcasing products on light-field displays allow customers to view the details, texture, and color of items without handling a physical item. This also removes the need for immersive digital technology such as VR glasses.
For instance, in May 2020, 3D fusion imaging helped improve coronary artery disease diagnosis. This technique helps easier and more accurately identify areas of narrowing in coronary arteries. This technology incorporating devices is easy to use and hence finds enhanced use in the healthcare sector for therapeutic and diagnostic purposes. Thus, driving the light field market revenue.
Light Field Market Segment Insights:
Light Field Technology Insights
The Light Field Market segmentation, based on technology, includes software, hardware, light field displays, and imaging solutions. The hardware segment dominated the market, accounting for the major market revenue over the forecast period. Light field displays employ a series of tiny lenses to break down an image into individual light rays. These displays can provide a display immediately in front of the viewer's eyes, who can concentrate on various things in the picture and involve the effect of depth of field by applying sufficient encoding approaches to the images given to the user.
Light Field Vertical Insights
The Light Field Market segmentation, based on vertical, includes defense, industrial, media & entertainment, healthcare, and architecture. The media & entertainment category generated the most income over the forecast period. 3D technology has been widely used in entertainment media and gaming verticals to enhance animation and motion picture quality. The light field technology in media and entertainment is increasing as it uses motion parallax and wide viewing angles to give viewers the illusion of 3D imaging.
Figure 1: Light Field Market, by Vertical, 2022 & 2032 (USD billion)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Light Field Regional Insights
By Region, the study delivers market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North America light field market area will dominate this market. Companies are heavily spending on the 3D imaging for technological advances fuel market expansion. Moreover, the US light field market held the largest market share, and the Canada light field market was the fastest-growing in the North America region.
Further, the prominent countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, China, Japan, India, Australia, Spain, South Korea, and Brazil.
Figure 2: Light Field Market SHARE BY REGION 2022 (%)
Source: Primary Research, Secondary Research, MRFR Database, and Analyst Review
Europe light field market accounts for the second-largest market share due growth of next-generation technology in virtual reality is the light field marketplace. The development of visual effects technology in movies and video games, personalized marketing, and rising demand for prototypes are driving the market in this region. Further, the German light field market held the largest market share, and the UK light field market was the fastest-growing in the European region.
The Asia-Pacific light field market is expected to grow at the fastest CAGR from 2024 to 2032. Major nations in Asia-Pacific, such as China, India, Japan, and the rest of the region, are rapidly contributing to the development of 3D displays and 3D image sensors in the 3D imaging market, which has boosted the opportunities for growth for the market. Moreover, the China light field market held the largest market share, and the India light field market was the fastest-growing in the Asia-Pacific region.
Light Field Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will assist the light field market to grow even more. Market participants are also undertaking several strategic activities to enhance their footprint globally, with important market developments including new product establishment, mergers and acquisitions, contractual agreements, higher investments, and collaboration with other organizations. The light field industry must provide cost-effective items to enhance and survive in a more competitive and rising market climate.
Manufacturing locally to minimize operational costs is one of the major business tactics manufacturers utilize in the global light field industry to benefit clients and expand the market sector. Major players in the light field market, including LG Display Co.,Ltd., Ricoh Innovations Corporation, TOSHIBA CORPORATION, and others, are attempting to enhance market demand by investing in research and development operations.
Japan Display Inc. provides small and medium-sized display panels. The company manufactures and sells small and medium-sized displays and related products in Japan and other markets. Its product offerings include LCD modules for the smartphone, tablet, and notebook PC market. JDI also offers automotive application solutions for car navigation, instrument panel, and rear seat monitor. The company offers Pixel eyes and Whitemagic solutions for digital cameras and high-performance devices used in display and diagnosis for medical equipment. In October 2020, Japan Display Inc. (JDI) and NHK Media Technology, Inc. announced a joint development project from which they have developed a 5.5-inch "Light Field Display," which can realize natural-looking images in next-generation 3D videos.
Leia Inc. is an American organization producing 3D Lightfield products and software applications. Leia is headquartered in Menlo Park, California, with a nano-fabrication center in Palo Alto, a content team in Los Angeles and Auckland, New Zealand, and an industrialization center in Suzhou, China. In August 2021, Leia launched the 3D Lume Pad, a high-performance Android 10.8-inch tablet that projects images in true 3D off- and more in-depth into the screen, visual with the naked eye. The Lume Pad helps all the apps and features of a premium tablet and, with the indication of a button, transforms photos and videos to 3D in real time for streaming, developing content, and sharing. It also creates 2D and 3D apps and games that provide a more immersive experience.
Key Companies in the Light Field market include
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Raytrix GmbH
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FoVI 3D, Inc.
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Google LLC.
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Lumii Inc.
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Holografika
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OTOY Inc.
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NVIDIA Corporation
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Panasonic Corporation
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Leia Inc.
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Light Field Lab, Inc.
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Ricoh Innovations Corporation
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TOSHIBA CORPORATION
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Sony Corporation
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Apple Inc.
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Pelican Imaging Corporation
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Lytro, Inc.
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Japan Display Inc.
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LG Display Co., Ltd
Light Field Industry Developments
February 2023: FYR Medical declared that it has successfully raised $2.6 million through its series A funding round led by NuVasive, an innovation based spine technology company focused on revolutionizing spine surgery through minimally disruptive procedurally integrated solutions along with participation from several firms, including individual investors too. This financing will be utilized in creating the world’s first extended reality (XR) digital loupes equipped with light field technology that reduces eye strain common with most augmented reality (AR) headsets available today, which are frequently heavy or bulky, causing fatigue during usage especially over long periods due their weightiness; this device is ultralightweight having been designed to mimic size & shape of surgical loupes while being compacted so much hence easy portability from one place another even during surgeries where space might be limited more importantly though virtual content within XR digital loupes can still be viewed bright lighting conditions usually found around operating rooms because they were created specifically for use there.
January 2021: a software company called Fathom Optics released a software platform that can print 3D graphics and motion onto packaging materials without using special inks or substrates and other additional items like lenticulars or foils. The algorithmic technology of Fathom Optics uses existing presses to inject depth, movement, and chromaticity into various printed media such as prime labels, shrink sleeves, and product authentication, among others. This program follows the standard design and pre-press workflows; it utilizes light field technology, which was originally designed for digital 3D displays but currently works with offset as well as narrow & mid-web printing. Digital and other applications will also be included soon, according to the company’s plans.
Traditional head-mounted devices are bulky, consume power, and fill a small portion of the visual field with mediocre resolution. These limitations plague users of augmented reality (AR) and virtual reality (VR) in the healthcare industry. The root of the problem lies in simple physics: a lens can accommodate a limited amount of light, and a GPU can drive a limited number of pixels. Now, a groundbreaking architecture that tackles these problems from a completely different angle could become the future of medical visualization and mark the next step in the evolution of AR/VR for healthcare.
August 2021: Gameloft Business Solutions and Leia Inc. partnered to implement their gaming solution with Asphalt Nitro 2 on the Lume Pad. Gameloft Business Solutions provides customized gaming packages and subscription-based offers with carrier billing solutions in 148 countries globally.
July 2021: Light Field Lab selected Walt & Company as a Public Relations Agency of Record. Walt & Company has experience working across the home, commercial entertainment, and AR and VR industries. It will work as an extension of the Light Field Lab team to manage various communications services, including product and market leadership campaigns, media and analyst relations, industry leadership positioning, media event activations, and editorial services.
January 2021: Fathom Optics released a light field software platform that allows printing 3D and motion graphics without requiring special ink or additional material.
Light Field Market Segmentation:
Light Field Technology Outlook
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Software
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Hardware
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Light field displays
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Imaging solutions
Light Field Vertical Outlook
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Defense
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Industrial
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Media & Entertainment
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Healthcare
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Architecture
Light Field Regional Outlook
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North America
- US
- Canada
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Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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