The North America Light Field Market would witness market growth of 13.1% CAGR during the forecast period (2021-2027).
Light field refers to a kind of function that explains the intensity and magnitude of light traveling in all directions over all points in space. It obtains information regarding the direction of photons of light from a source of light. This information is obtained by placing 5D Plenoptic or light field camera before a light source which utilizes a pair of micro-lenses between the camera sensor and main lens. 3D animation along with light field technology can recreate the presence of a user in a virtual environment and provide real-time & unique capability gauged by object’s movements, hence developing an original observing environment. This is extremely beneficial for the healthcare and defense industries for biomedical imaging. Advantages such as high-resolution images, 100% representation of the capture, and capability to move within the content to a pre-set limit make the technology high popular for various applications.
The presence of key market players in this region is likely to boost the growth of the light field market in this region. Due to the rapid industrialization and urbanization in the region, the region is currently witnessing the massive deployment of technology. Various industries are intending to integrate these technologies to modify & streamline their business activities. The adoption rate of the latest technologies is particularly high in the US and Canada. The high adoption is due to the existence of market players and their constant efforts towards technological developments and innovations.
Vendors of this technology are targeting various industrial segments, where applications of the technology are constantly increasing in industrial, automotive, and aerospace verticals. These verticals are coming into partnership with manufacturers for the purpose of importing these next-generation solutions for business purposes. Additionally, the regional players are putting heavy investments in R&D activities, thereby fueling the demand & growth of these solutions in the regional market. Therefore, these factors would create lucrative growth opportunities for the players operating in the regional light field market during the forecasting period.
The US market dominated the North America Software Light Field Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $16,822.1 Thousands by 2027. The Canada market is experiencing a CAGR of 17.8% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 16.8% 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 U.S., Mexico, Canada, and Rest of North America.
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.
Scope of the Study
Market Segments covered in the Report:
o Imaging Solutions
o Light Field Displays
• Media & Entertainment
• Rest of North America
• Toshiba Corporation
• Apple, Inc.
• Sony Corporation
• Google, Inc.
• NVIDIA Corporation
• Raytrix GmbH
• Fathom Optics, Inc.
• Looking Glass Factory, Inc.
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