The Europe Light Field Market would witness market growth of 13.7% CAGR during the forecast period (2021-2027).
Light field refers to the primary representation of light, offers information regarding the light emerging from a source like direction wherein light rays are traveling and the intensity of light. Some of the major factors boosting the growth & demand of light field technologies are an increase in artificial intelligence, visual effects tools, superior computing capabilities, and emerging 4D & 5D technologies. Machine learning technologies, rise in the requirement for ASICs, light field technology for creating visual effects in movies, and increased demand for medical imaging are expected to create lucrative growth opportunities for the players operating in the light field market during the forecasting period.
Due to the constant development in sensor technology, it has become possible to create cameras that obtain the light field for a specific scene. A light field camera is also known as a plenoptic camera that can be utilized in a micro-lens array to capture 4D light field information regarding a scene. The micro-lens array is located between the primary lens and the camera sensor.
An increase in disposable income and growing interest among the population for the next-generation and technology-based photographic devices are expected to fuel the demand & growth of these solutions in the regional market. Moreover, light-based products show high durability, hence boosting the adoption rate of this technology.
The surge in awareness among the technically advanced vendors and consumers about 3-D imaging technology is boosting the demand for light field solutions in the region. Additionally, increased demand for head-mounted VR displays among consumers is one of the drivers for light field technology in this region. The developments in computational image and power capture technology are acting as key drivers for the growth & demand of light field solutions in the region.
The Germany market dominated the Europe Healthcare Light Field Market by Country 2020, thereby, achieving a market value of $1,643.6 Thousands by 2027. The UK market is exhibiting a CAGR of 14% during (2021 - 2027). Additionally, The France market is anticipated to witness a CAGR of 15.7% during (2021 - 2027).
Based on Technology, the market is segmented into Hardware and Software. Hardware segment is further segmented into Imaging Solutions and Light Field Displays. Based on Vertical, the market is segmented into Media & Entertainment, Architecture, Defense, Healthcare, Industrial, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Light Field Market Size will Hit $167 Million by 2027, at a CAGR of 14.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Toshiba Corporation, Apple, Inc., Sony Corporation, Google, Inc., NVIDIA Corporation, Dimenco, Raytrix GmbH, Holografika, Fathom Optics, Inc. and Looking Glass Factory, Inc.
By Technology
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