3D Display Market to Grow with a CAGR of 17.8% Globally through 2028
Global 3D Display Market is rising due to increasing demand for
immersive visual experiences and applications in various industries, including
entertainment, healthcare, and automotive in the forecast period 2024-2028
According to TechSci Research report, “Global 3D
Display Market - Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2028”, Global 3D Display Market has been experiencing steady
growth in recent years, driven by a confluence of technological advancements
and expanding applications across various industries. With an increasing demand
for immersive visual experiences, the market has witnessed a surge in adoption,
particularly in sectors such as entertainment, healthcare, and automotive. In
the entertainment industry, 3D displays have revolutionized the viewing
experience, offering a more captivating and realistic engagement for consumers.
The proliferation of 3D content, including movies, games, and virtual reality
applications, has significantly contributed to market expansion.
Moreover, the healthcare sector has harnessed 3D
displays for advanced medical imaging, surgical planning, and training
purposes. These displays enable healthcare professionals to visualize intricate
anatomical structures with precision, leading to improved diagnosis and
treatment outcomes. The automotive industry is another key driver of the 3D
display market, where these technologies are integrated into dashboards and
heads-up displays, enhancing driver safety and infotainment features. Overall,
the Global 3D Display Market is on a trajectory of continuous growth, fueled by
innovation and an ever-expanding array of applications across diverse sectors.
As technological advancements continue, the market is poised to offer even more
compelling and immersive experiences to consumers and professionals alike. The global 3D display market has witnessed significant
growth in recent years, driven by the increasing demand for immersive visual
experiences across various industries. A 3D display refers to a display
technology that provides depth perception and a realistic visual experience by
creating an illusion of depth. This technology has gained traction in sectors
such as entertainment, gaming, healthcare, and automotive, among others. One of
the key factors contributing to the growth of the 3D display market is the
rising adoption of 3D technology in the entertainment and gaming industry. The
demand for enhanced visual experiences in movies, video games, and virtual
reality applications has fueled the need for advanced 3D display solutions.
With 3D displays, users can enjoy a more immersive and lifelike experience,
enhancing their overall entertainment and gaming experience. In the healthcare
sector, 3D displays have revolutionized medical imaging and visualization.
Medical professionals can now view detailed 3D models of organs, tissues, and
structures, enabling better diagnosis, treatment planning, and surgical
procedures. The use of 3D displays in healthcare has improved patient outcomes
and has become an invaluable tool in medical education and training.
The automotive industry has also embraced 3D display
technology to enhance the driving experience and improve safety. Heads-up
displays (HUDs) and augmented reality (AR) dashboards provide drivers with
real-time information, such as navigation, speed, and alerts, in a more
intuitive and visually appealing manner. This technology allows drivers to keep
their eyes on the road while accessing crucial information, reducing distractions
and enhancing overall safety. Furthermore, the integration of 3D displays in
various industries, such as architecture, engineering, and design, has
transformed the way professionals visualize and present their work. 3D displays
enable architects and designers to showcase their projects in a more realistic
and immersive manner, allowing clients to better understand and visualize the
final product. This has led to improved communication, increased client
satisfaction, and enhanced decision-making processes. In terms of market
dynamics, the global 3D display market is highly competitive, with several key
players vying for market share. Companies such as Samsung Electronics, LG
Display, Sony Corporation, and Panasonic Corporation are at the forefront of
technological advancements and product innovation in the 3D display market.
These companies invest heavily in research and development to improve the
quality, performance, and affordability of 3D display solutions.
Browse over 26 market data Figures spread
through 91 Pages and an in-depth TOC on "Global 3D Display Market”.
However, the market also faces challenges. The high
cost associated with 3D display technology and the limited availability of 3D
content are significant obstacles to market growth. The production of 3D
content requires specialized equipment and expertise, making it relatively
limited compared to traditional 2D content. Additionally, compatibility and
interoperability issues between different 3D display technologies can hinder
market growth and adoption. To address these challenges, collaboration between
industry stakeholders, policymakers, and researchers is essential. Establishing
guidelines and standards that promote responsible and ethical use of 3D display
technology can help overcome biases, discrimination, and privacy concerns.
Furthermore, investments in research and development, consumer education, and
content creation are crucial to drive market growth and unlock the full
potential of 3D display technology.
In conclusion, the global 3D display market is
experiencing significant growth, driven by the increasing demand for immersive
visual experiences across various industries. Advancements in display
technologies, the integration of 3D displays in different sectors, and the
continuous innovation by key market players are shaping the future of the 3D
display market. Despite challenges, the market is poised for further expansion,
driven by the pursuit of enhanced visual experiences and the transformative
potential of 3D display technology.
The Global 3D Display Market is segmented into Product,
Technology, Application, regional distribution, and company.
Based on application, the TV segment of the 3D display market
is expected to have the largest revenue in 2022. A large chunk of the growth of
the TV segment can be attributed to a shift in consumer preference from going
to theatres to being entertained in the comfort of home on TVs or computers,
post the COVID-19 pandemic. This change encouraged TV manufacturers to add 3D
displays to their product portfolios. These TVs offer a better visualization
impact, offering enhanced picture quality. Consumer Electronics Manufacturers
(CEMs) are promoting 3D display TVs as high-end devices with premium features
driving the growth of the TV segment.
The smartphone sub-segment is also
expected to have significant growth exceeding 21.0% in the 3D display market
during the forecast period. The change can be attributed to high competition
among smartphone vendors to offer better features to gain the smartphone
market's upper hand. Moreover, the mobile gaming industry has been coming up
with games that require enhanced visual graphics, which has also facilitated
the growth of the smartphone segment during the forecast period.
The HMD sub-segment is expected to
expand with the highest CAGR from 2023-2030. The growing use of HMDs and smart
glasses across numerous applications in several industries accompanies the
segment's growth. The visual experience HMD offers is used in multiple
industries, including medical, gaming, and aeronautical. HMD catering for a
wider part of the population is also among the major factors attributed to its
growth in the 3D display market during the forecast period.
The smartphone sub-segment is expected
to post a significant CAGR during the forecast period 2023-2030, owing to the
rising technology integration in mobile devices. Changing lifestyles are
driving people to buy high-end smartphones, which in turn is generating the
adoption of 3D displays. However, original equipment manufacturers (OEMs)
concentrate on 3D data visualization solutions for smartphones, fueling market
growth.
Based on region, Asia Pacific region led the market and
accounted for over 31.65% of the global revenue share in 2022. Technological
advancements, increasing infiltration of smartphones and a high acceptance rate
of digital services are the crucial aspects influencing the development of the
regional market. Furthermore, the rolling demand for video games across the
globe is accelerating the adoption of stereoscopic displays. Growing the use of
3D display technology in entertainment, defense, gaming, and engineering
simulations will also strengthen the market throughout the forecast period.
Asia Pacific is projected to develop as
the fastest-increasing region during the same period, owing to shifting
customer preferences and increasing disposable household income. The presence
of main technology players such as LG, Samsung Electronics, Sony Corporation,
Panasonic Corporation, and Fujifilm Holdings Corporation is also assisting the
growth of the Asia Pacific region in the 3D display market.
Major companies operating in Global 3D Display Market
are:
- AUO
Corporation
- BOE
Technology Group Co., Ltd.
- Innolux
Corporation
- Japan
Display Inc.
- LG
Electronics
- SAMSUNG
- SHARP
CORPORATION
- Sony
Corporation
- Truly
Semiconductor Co., Ltd.
- Vision
ox Company
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“The global 3D display market has experienced
remarkable growth due to the increasing demand for immersive visual experiences
in sectors such as entertainment, gaming, healthcare, and automotive. 3D
displays provide depth perception and a realistic visual experience, enhancing
entertainment and gaming experiences. In healthcare, 3D displays have
revolutionized medical imaging, enabling better diagnosis, treatment planning,
and surgical procedures. The automotive industry has embraced 3D display
technology to enhance the driving experience and improve safety through
heads-up displays and augmented reality dashboards. Integration of 3D displays
in architecture, engineering, and design has transformed visualization and
presentation, leading to improved communication and decision-making. The market
is highly competitive, with key players like Samsung, LG Display, Sony, and
Panasonic driving technological advancements. However, challenges such as high
costs and limited availability of 3D content exist. Collaboration, guidelines,
and investments in research, education, and content creation are crucial to
overcome these challenges and unlock the full potential of 3D display technology.
The market is poised for further expansion, driven by the pursuit of enhanced
visual experiences and the transformative potential of 3D display technology.,”
said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based management consulting firm.
“3D Display Market – Global Industry Size, Share, Trends, Opportunity,
and Forecast, Segmented By Product (Volumetric Display, Stereoscopic
Display, Head Mounted Display), By Technology (DLP, PDP, OLED, LED), By Application (TV, Smartphones,
Monitor, Mobile Computing Devices, Projectors, Head Mounted Display (HMD), Others), By Region, By Competition”, has evaluated the future growth potential of Global
3D Display Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global 3D Display Market.
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