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Light Field Market Size

Report ID: GMI2664
Published Date: Dec 2018
Report Format: PDF

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Light Field Market Size

Light Field Market size valued at USD 650 million in 2017 and will grow at a CAGR of over 15% from 2018 to 2024.

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The light field market is expected to grow substantially over the coming years with the rise in adoption of the technology in medical imaging solutions. The imaging technique captures the 3D information of the scene with the use of a single camera and exposure. These advanced techniques can be employed to study & detect the medically problematic areas at micro levels when there are increasing complexities in the detection of several internal health issues. The applications of medical imaging can be witnessed for diagnostic & therapeutic purposes. These technologies have witnessed a very high adoption in medical sectors and hospitals due to the ease offered in the detection of diseases through the body or part scan. The imaging is a more advanced technology that projects the captured image into space, allowing surgeons or doctors to analyze the organ in a 3D view. The growing adoption of the technology in neurosurgery will provide an impetus to the light field market share.

Light Field Market Report Attributes
Report Attribute	Details
Base Year:	2017
Light Field Market Size in 2017:	650 Million (USD)
Forecast Period:	2018 to 2024
Forecast Period 2018 to 2024 CAGR:	15%
2024 Value Projection:	1.5 Billion (USD)
Historical Data for:	2013 to 2017
No. of Pages:	155
Tables, Charts & Figures:	183
Segments covered:	Technology, Application and Region
Growth Drivers:	Growing demand for the technology in medical imaging in the U.S. Rising demand for High-Definition (HD) viewing experience in North America and Europe Rising need of the technology for prototyping in Europe Growing demand for light field technology for visual effects in the entertainment & media industry in Asia Pacific Growing demand for AR/VR technologies in Latin America and MEA
Pitfalls & Challenges:	Lack of infrastructure support to implement light field imaging Large data storage requirements

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The light field market consists of several players that are engaged in incorporating the technology into a diversified range of products. The adoption of the light field cameras in the market is growing rapidly owing to the increased application areas of these products in hospitality, military & defense, and the entertainment industry. With emerging 4D and 5D technologies in the industrial sectors, several business processes are being performed in a more accurate & efficient manner through a clear view and inspection of the operability and functioning of its parts. Other products that are witnessing a high adoption of this technology include displays. Manufacturers are focusing on incorporating light field displays into consumer electronic products such as mobiles, TVs, projectors, wearables, etc. The incorporation of the technology in such devices will allow users to interact with the content through a 3D space, thereby enhancing the user experience. Such factors are anticipated to positively impact the market growth.

Authors: Suraj Gujar, Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of light field exceeded USD 650 million in 2017.

The industry share of light field will grow at a CAGR of over 15% from 2018 to 2024.

The North America region accounts for majority of the market revenue share due to rapid urbanization and industrialization in U.S. and Canada.

According to the analysts at GMI, the architecture & engineering application segment is expected to grow at a CAGR of around 15% during the forecast timespan.

The technology is used in medical imaging solutions which can used to detect and study complex internal health issues at microlevels.

The integration of light field technology into smartphones, televisions, and smart wearables will enable users to interact with the content through a 3D space.