Global Light Field Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Light Field Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Light field is a photon that can move in any direction at all points in a given region. It also helps to identify the position of the midpoint in the image through five dimensions (5D). The light field is used for different types of components, namely cameras, 3D sensing, self-driving cars, telescopes and so on. Light field is widely used in industrial design, medical treatment, engineering and other fields.

Market Overview:

The latest research study on the global Light Field market finds that the global Light Field market reached a value of USD 213.47 million in 2022. It’s expected that the market will achieve USD 416.5 million by 2028, exhibiting a CAGR of 11.78% during the forecast period.

Market Drivers

High performance and large downstream applications
Light field technology is widely used in many fields such as aerospace and defense, healthcare, media and entertainment, construction and engineering. For different application scenarios, light field technology will have different application methods. For example, in some small light fields: for specific objects, it can display real objects more completely and comprehensively, giving users a more intuitive experience. In particular, in the field of e-commerce, light field technology can be used to reconstruct items, especially for models with complex materials. Field technology not only captures the light and shadow effects produced by viewing objects from different perspectives, but also truly reproduces the texture of the item. It also uses compression and rendering methods to be perfectly implanted on the seller's platform. In medium-sized light fields where people are mainly photographed, light field technology can quickly reproduce dynamic characters. A computer can complete the entire process in a few minutes to achieve near real-time character reproduction. In the future, it will be used in entertainment, movie special effects, and sports. Training and other aspects.
The large-scale light field shooting is directed at the environment and can be directly applied to scenarios such as virtual house viewing in the real estate industry. Using light field technology for shooting can more realistically restore the scene, and allow users to move around and observe from different perspectives and distances. One of the important driving factors for the development of the industry is the increased demand brought by the extensive downstream application market.

Market Risks/Restraints

At present, various light field technology manufacturers are struggling, and many investors have bet on investment, but there are still some difficulties to realize the commercialization of light field technology in virtual reality and the scale of products. The main reasons are as follows: First, the amount of light field data is too large, and data storage and transmission will face problems. The existing network bandwidth cannot yet achieve smooth light field content sharing. Secondly, the calculation amount of the light field display is also several times that of the traditional 2D image. The existing general-purpose processor at the mobile end cannot afford such a large amount of calculation. At this stage, the light field processing still depends on the computer, and it is difficult to achieve miniaturization and portability. Unless a balance point is found between the device volume and the light field display effect, miniaturization can be achieved in a short time. Third, in addition to the light field effect image requires a lot of hardware resources to render, the stacked screen also needs higher resolution and Stronger backlight. In addition to the lack of infrastructure support for implementing light field imaging, in the development process, enterprises need to consume a large amount of capital and technology investment. These have high barriers to entry for new entrants.

Region Overview:

Geographically, North America held the largest market share – 50.81% in 2022.

Company Overview:

Raytrix is one of the major players operating in the Light Field market, holding a share of 11.62% in 2023.

Raytrix

Raytrix GmbH is a German company founded by Christian Perwass and Lennart Wietzke that was the first to create and market commercial plenoptic cameras. The R5 camera produces images of 1-megapixel resolution, while the R11 produces 3-megapixel images.

Leia

Leia Inc. is the leading provider of Lightfield display solutions for mobile. Leveraging breakthroughs in nanotechnology design, manufacturing and Intelligent Software, the Silicon Valley company is building the future of digital interactions.

Segmentation Overview:

The Display segment by type showed a value growth of 10.91% in 2022.

Application Overview:

The market's largest segment by application is the segment Health Care, with a market share of 66.2% in 2022.

Key Companies in the global Light Field market covered in Chapter 3:

NVIDIA
Leia
OTOY
Holografika
FoVI 3D
Avegant
Raytrix
Lumii
Japan Display Inc (JDI)

In Chapter 4 and Chapter 14.2, on the basis of types, the Light Field market from 2018 to 2029 is primarily split into:

Imaging Solution
Display

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Light Field market from 2018 to 2029 covers:

Health Care
Defense
Media
Building
Industry
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)