Optical flow estimation with event cameras encompasses two primary algorithm classes: model-based and learning-based methods. Model-based approaches, do not require any training data while learning-based approaches utilize datasets of events to train neural networks. To effectively apply these algorithms, it's essential to understand their respective strengths and weaknesses.
This study compares model-based and learning-based optical flow estimation methods using event cameras, aiming to provide guidance for real-world applications. We evaluated these methods on the MVSEC and DSEC datasets, focusing on their accuracy and runtime. Our findings indicate that model-based methods excel on the MVSEC dataset, characterized by small motions, while learning-based approaches perform better on the more dynamic DSEC dataset. To investigate potential overfitting of learning-based methods to DSEC, we retrained the IDNet and TMA models on the BlinkFlow dataset. The retrained models demonstrated competitive accuracy, surpassing model-based methods which indicates that learning-based models perform better on datasets like DSEC even when not able to overfit. Finally, our analysis on runtime showed that model-based methods achieve real-time performance on CPUs and learning-based methods require a GPU to run in real-time.