Light Field Market worth $154 million by 2026 - Exclusive Report by MarketsandMarkets

CHICAGO, Sept. 1, 2021 /PRNewswire/ -- According to the new market research report on the "Light Field Market by Technology (Hardware (Imaging Solutions, Light Field Displays), Software), Vertical (Media & Entertainment, Healthcare, Architecture, Industrial, Defense), and Region(North America, APAC, Europe, and RoW) - Global Forecast to 2026", published by MarketsandMarkets, the Light Field Market size is expected to grow from USD 76 million in 2021 to USD 154 million by 2026; it is expected to grow at a CAGR of 15.1% from 2021 to 2026. The key factors driving the growth of the market include improved visual effects technology in movies and games, customized marketing, escalated need for prototyping and medical imaging.

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"Technology-wise, hardware segment captured the larger market size of the overall light field market in 2020"

In 2020, the hardware segment accounted for the larger share of the light field market, which is expected to continue in the forecast period. The increasing research for developing light field displays such as VR headsets and light field screens is expected to fuel the light field market. The software segment of the light field market has also seen rising demand from the animation and VFX sectors of the media and entertainment industry.

"Vertical-wise, media & entertainment segment to grow at the highest rate from 2021 to 2026"

The light field market is expected to dominate the media and entertainment vertical, with an increased focus on auto stereoscopy. Auto stereoscopy can display stereoscopic pictures on screens without the viewer wearing any 3D glasses. This technology works by utilizing motion parallax and wide viewing angles and provides viewers an illusion of 3D imaging. Presently, auto stereoscopy is used in AR and VR systems. AR technology is used to improve the perception of reality among viewers on screens or glasses. Similarly, VR technology also alters the real world with a simulated one on screens and glasses. The light field display development kit includes hardware, software, and support services, which enable businesses to create industry-leading mixed-reality products.