The global plenoptic camera market was valued at USD 785.5 million in 2017 and is expected to reach USD 2,108.5 million by the end of the forecast period with a CAGR of 18.4%.
Plenoptic cameras are specialized light field cameras that allows the image to be focussed at any part after capturing. The plenoptic technology was developed by Adobe. The basic structure of plenoptic camera comprise of array of microlenses between the outside front lensand the camera sensor. The basic fundamental of plenoptic camera is that it captures different series of small images from different viewpoints which later is able to be manipulated according to the requirment. One of the major factors driving the plenoptic camera market is the growing travel industry.
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The global tourism industry has been valued in billions and contributes close to 10% of the global GDP. In the last few years, the number of travellers around the world have increased tremendously which gives an opportunity to the companies who are associated with this industry. High trends towards adventure sports for high focus images is inviting many people which is creating demand for plenoptic cameras.
Regional Analysis
The market for Plenoptic Camera Industry is estimated to grow at a significant rate during the forecast period from 2018 to 2023. The geographical analysis of Plenoptic Camera Industry is studied for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and South America).
Among the regions mentioned above, Asia-Pacific holds the market dominance owing to the presence of major players such as Sony Corporation, Canon, and Panasonic Corporatiopn. Apart from these, the demand of high resolution, high-focus cameras is increasing which is further creating the need of plenoptic cameras. On the other hand, North America region due to high per capita income, and high expenditure on tourism holds the second position in the plenoptica camera market. however, Euorpe on the other hand possess a rich concentartion onf industries and travel industry. The high GDP of European countries is further boosting the market growth of plenoptic cameras.
Key Players
The key players in the Plenoptic Camera Market Share are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are—Lytro Inc (US), Apple Inc. (US), Pelican Imaging Corp. (US), Rebellion Photonics Inc. (US), Raytrix GmbH (Germany), Panasonic Corporation (Japan), Canon Inc (Japan), OTOY Inc. (US), Sony Corporation (Japan), and Samsung Electronics Co. Ltd. (South Korea). These players contribute a major proportion towards market growth. Apart from the top key players, the other players contribute nearly 30–35 % in the plenoptic camera market.
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