The light field photon reflection is a multidimensional function also known as a vector function that describes the amount of light flowing in every direction through every point in space. This helps to identify the position of a point in the image through 5D which is a factor for the growth of the light field market. The light field is utilized in a different type of parts namely camera, 3D sensing, autonomous vehicles, telescope, and others. There is the various application of light field in industries such as healthcare, designing, engineering, and others.
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The applications of medical imaging can be witnessed for diagnostic and therapeutic purposes. These technologies have witnessed very high adoption in hospitals and medical sectors and to the ease offered in the detection of diseases through the body or part scanning. The imaging is a more advanced technology that projects the captured image into space, allowing doctors and surgeons 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.
One of the major factors that increase the light field industry is high demand for visual effects technology. The visual effect tools in marketing, movies including 2D and 3D, increasing need for prototyping, and evolving 4D and 5D technologies are the main driving features. The growing demand for increasing adoption of artificial intelligence, machine learning technologies, and high computational capability, are the other factors that drive the light field market during the forecast period.
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Light field imaging is one of the most studied 3D imaging technologies as its capability to create an original observing environment. After the development of 3D technology, expansions can be seen in terms of increasing the content quality and enlightening the user-viewing experience. The accessibility of 3D technology now provides HD content to improve viewing experience through advanced 3D-enabled devices such as VR devices and 3D display units.
Light field technology has some restraining factors such as poor reconstructed depth quality, low spatial resolution, or large data storage requirements. Correspondingly, human contact with 4D data remains a stimulating problem. Light field research is still essential for better methods & concepts, targeting for additional effective analysis, data capture, storage, and processing.
Industry Key Players
Some of the market players include Apple Inc., Sony Corp., Toshiba Corp., Nvidia Corp., Panasonic Corp., Japan Display Inc. and so on. In May 2018 two of the major companies, Japan Display Inc. collaborated with NHK Media Technology for the development of standard light field display. With the adoption of new technology, the company aims to increase the market share of NHK Media Technology for making innovative light field display technology to attract new customer network.
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Segmentation Analysis of the Industry
The report analyzes the market on the basis of technology, application, and region. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America dominated the market share in 2018 and is expected to dominate the market over the forecast period 20192025. North America is witnessing a significant adoption of light field technology due to growing industrialization and well-established healthcare infrastructure across the region.
Current Market Trends Covered in the Market Report:
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