Light Field Market Outlook – Key Drivers, Industry Analysis & Forecast to 2024

Light Field Market is expected to exceed USD 1.5 billion by 2024. The technological advancements and innovations to enhance the 3D imaging quality and resolution are growing rapidly in the industry. The manufacturers operating in the industry are engaged in incorporating the technology into various devices such as displays and cameras to enhance the 3D experience of customers. Several global companies are entering the market to develop such devices. For instance, Google, Inc. is planning to enter the light field market by acquiring Lytro, Inc.
The displays are experiencing a high adoption of the technology due to the rise in the demand for the high-definition viewing experience among consumers. These displays offer high-quality 3D visual experience, which is attracting customers' attention, thereby accelerating light field market growth. Several major display companies are targeting such requirements of their customers and are engaged in developing light field displays. For instance, Samsung Electronics Ltd. Designed displays that can be applied to vehicle windshield displays, TVs, and smart glasses. The display will allow customers to view the content in 3D without using glasses.
The applications of this technology in the healthcare sector are expected to accelerate light field market growth. Several medical devices or equipment use this technology for 3D imaging and scanning of human body or parts. The displays or cameras using this technology in healthcare devices help doctors to analyze the diseases to a micro level with improved clarity and picture quality. These healthcare sectors are incorporating VR technology for the treatment of several mental or retinal illnesses in human beings. These VR solutions are incorporated with this technology, which is anticipated to drive light field market growth.
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The Asia Pacific light field market is expected to witness a high growth in the coming future owing to the increasing adoption of advanced imaging and 3D modeling technologies in several industrial segments. The automobile industry in Japan is flourishing at a high pace with the development of new and advanced technologies such as connected cars. The incorporation of the HUDs into these vehicles for guiding the path and destination with the help of holographic technology is driving the demand for the technology in the light field market. Moreover, smartphone manufacturers in China and Japan are engaged in incorporating the technology into smartphone cameras to enhance the picture quality and resolution, thereby providing an impetus to light field market growth.
Major players participating in the light field market are Toshiba Corporation, Avegant Corp., Google LLC, FoVI 3D, Inc., Holografika, Light Field Lab, Japan Display, Inc., Nvidia Corporation, Lumii, Inc., Panasonic Corporation, OTOY, Inc., Ricoh Innovations Corporation, Raytrix GmbH, Sony Corporation, and Samsung Display Co., Ltd., among others. These players are offering diversified offerings in the light field market, allowing them to compete and offer their solutions to the customer base. These players are witnessing a great opportunity in the market due to the lesser adoption and awareness of the technology among customers, allowing them to become market leaders by offering advanced solutions.
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Table of Contents
Chapter 1 Methodology & Scope
	
1.1 Definition and forecast parameters	
		
1.1.1 Definitions
		
1.1.2 Methodology and forecast parameters
	
	
	
1.2 Data Sources	
		
1.2.1 Secondary
		
1.2.2 Primary
	
	
Chapter 2 Executive Summary
	
2.1 Light field industry 360 degree synopsis, 2015 - 2024	
		
2.1.1 Business trends
		
2.1.2 Regional trends
		
2.1.3 Technology trends
		
2.1.4 Application trends
	
	
Chapter 3 Light Field Industry Insights
	
3.1 Industry segmentation
	
3.2 Industry landscape, 2015 - 2024	
		
3.2.1 Global VR/AR industry landscape, 2015 - 2024
	
	
	
3.3 Industry ecosystem analysis	
		
3.3.1 Vendor matrix
	
	
	
3.4 Technology and innovation landscape	
		
3.4.1 Evolution of the light field technology
		
3.4.2 Emergence of 4D & 5D technologies
		
3.4.3 Holography technology
	
	
	
3.5 Regulatory landscape	
		
3.5.1 IEEE Standards Association (IEEE-SA)
		
3.5.2 P2048.5 - Standard for VR/AR: Environment Safety
		
3.5.3 International Hologram Manufacturers Association (IHMA)
		
3.5.4 General Data Protection Regulation (GDPR)
		
3.5.5 The Code of Federal Regulations of the United States of America
	
	
	
3.6 Industry impact forces	
		
3.6.1 Growth drivers		
			
3.6.1.1 Growing demand for the technology in medical imaging in the U.S.
			
3.6.1.2 Rising demand for High-Definition (HD) viewing experience in North America and Europe
			
3.6.1.3 Rising need of the technology for prototyping in Europe
			
3.6.1.4 Growing demand for light field technology for visual effects in the entertainment & media industry in Asia Pacific
			
3.6.1.5 Growing demand for AR/VR technologies in Latin America and MEA
		
		
		
3.6.2 Industry pitfalls & challenges		
			
3.6.2.1 Lack of infrastructure support to implement light field imaging
			
3.6.2.2 Large data storage requirements
		
		
	
	
	
3.7 Growth potential analysis
	
3.8 Porter's analysis
	
3.9 Competitive landscape, 2017	
		
3.9.1 Strategy dashboard
	
	
	
3.10 PESTEL analysis
Chapter 4 Light Field Market, By Technology
	
4.1 Key trends by technology
	
4.2 Imaging solution	
		
4.2.1 Market estimates and forecast, 2015 - 2024
		
4.2.2 3D mapping & modelling		
			
4.2.2.1 Market estimates and forecast, 2015 - 2024
		
		
		
4.2.3 3D rendering		
			
4.2.3.1 Market estimates and forecast, 2015 - 2024
		
		
		
4.2.4 3D scanning		
			
4.2.4.1 Market estimates and forecast, 2015 - 2024
		
		
		
4.2.5 Image reconstruction		
			
4.2.5.1 Market estimates and forecast, 2015 - 2024
		
		
		
4.2.6 Layout & animation		
			
4.2.6.1 Market estimates and forecast, 2015 - 2024
		
		
	
	
	
4.3 Light field display	
		
4.3.1 Market estimates and forecast, 2019 - 2024