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(MoneyNewsWire.Net, February 20, 2018 ) The Global Light Field Market was valued at USD 692.10 million in 2016 and is projected to reach USD 2337.40 million by 2025, growing at a CAGR of 14.48% from 2017 to 2025.
The light field is a vector function that describes the amount of light flowing in every direction through every point in space. The direction of each ray is given by the 5D plenoptic function, and the magnitude of each ray is given by the radiance. This technology would be beneficial for 3d animation vendors, computer graphics developers, system integrators and third-party vendors, government bodies, and research institutes and organizations.
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Some of the prominent players in the global market for Light Field are
1. Lytro
2. Japan Display
3. Light Field Lab
4. Lumii
5. Leia Inc.
6. Toshiba
7. Ricoh Innovations Corporation
8. Avegant
9. Fovi 3D
10. Otoy
11. Holografika
12. Raytrix
13. Nvindia
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Market Dynamics:
1. Market Drivers
1.1 Advancements in 4D and 5D technologies
1.2 Increasing need for prototyping
1.3 Rising demand of medical imaging
1.4 Increasing demand for light field technology for producing visual effects in movies
1.5 Growing demand for high-definition viewing experience
1.6 Adoption of virtual reality and artificial technologies
2. Market Restraints
2.1 Low availability of 3D content
2.2 Poor infrastructure support to implement light field imaging
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Market Segmentation:
The Global Light Field Market is segmented on the basis of technology, vertical, and region.
1. Technology:
1.1 Display
1.2 Imaging Solution
2. By Vertical:
2.1 Media and Entertainment
2.2 Architecture and Engineering
2.3 Industrial
2.4 Healthcare and Medical
2.5 Defense and Security
2.6 Others
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
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