A traditional camera relies on a lens to store a clear picture with focus whereas a light field camera uses thousands of miniature lenses to store the scene into several small images with clear focus points. As a result, light field cameras have relatively low image resolutions and the number of photos that can be saved to the memory is also relatively few.

In the future, if the volume of a light field sensor can be shrunk further and its image resolution can be refined, along with the improvements in image compression, decompression, and post-production performance, the likelihood of the light field technology entering the image capture and display application market is high.

To examine core-technology patents hold by three major players using HHI, Senior Analyst David Chen at MIC (Market Intelligence and Consulting Institute), an ICT industry research institute based in Taipei, found 71.4% of patents owned by Lytro, Raytrix, and Pelican Imaging had patent originality score over 0.9, representing high correlation between patents hold by key manufacturers and their future values.

Major Light Field Camera Companies

Source: respective companies, compiled by MIC, October 2013