Global 3D Display Market Outlook 2031:
The global 3D display market size was valued at USD 104.69 Billion in 2022 and is projected to reach USD 500.99 Billion by 2031, expanding at a CAGR of 19% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising demand for 3D technology in gaming and entertainment industries.
3D display is capable of conveying depth perception to the customers by means of binocular vision.
3D Display Market Trends, Drivers, Restraints, and Opportunities:
- Declining price of electronic devices, along with rise in disposal income of individuals globally is expected to increase market growth.
- Gaming industry has displayed significant changes in the past few years in terms of graphics, technology, and gaming experience. This, in turn, is anticipated to boost the market.
- Increasing interest in LED and OLED technologies, which offer enhanced picture quality and performance compared to traditional display technologies, is projected to fuel the market growth.
- Awareness about high-definition technology has resulted in the growth of the industry.
- Rising consumer preference towards digital screens with 3D viewing experience and 3D movies is anticipated to boost the market.
- Increasing incorporation of 3D displays in devices such as smartphones, monitors, and TVs is expected to play a major role in the growth of the market.
- Monitors and projectors are anticipated to register high rise in sales in the next few years due to rising demand for HD graphics and varying consumer preferences.
- Lack of 3D content and high cost of 3D display is expected to hinder the market growth.
- Health-related issues, including motion & eye disorders, nausea, and headaches is anticipated to hamper the market growth.
Scope of the 3D Display Market Report:
The report on the 3D display market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
3D Display Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast
Products (Stereoscopic, Volumetric, and Head mount display), Technology (OLED, LED, and PDP), Applications (HMD, TV, Mobile Computing Devices, Projectors, and Smartphones)
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered
LG Electronics, Sony Corporation, Panasonic Corporation, Samsung Electronics, Sharp Corporation, Fujifilm Holdings Corporation, and Toshiba Corporation
Market Segment Insights:
Based on product, the global 3D display market is segregated as stereoscopic, volumetric, and head mount display. The stereoscopic display segment is anticipated to hold a large market share during the forecast period, 2023-2031.
This is attributed to its widespread use in gaming and entertainment industry for movies, academics, video games, and animations. Moreover, developments in autostereoscopic technology and reduction in cost of stereoscopic products is expected to boost the segment.
The volumetric 3D display segment exceeded USD 11.2 billion in 2018 and is expected to witness remarkable growth during the forecast period. The ability of the products in this segment to generate true 3D image is anticipated to drive the segment growth.
The head mounted displays (HMD) segment is projected to witness a high CAGR during the forecast period, owing to its rising popularity in engineering, medicine, and science sector. Technological advancements and falling prices of 3D displays is attributed to segment growth.
In terms of applications, the global 3D display market is fragmented as HMD, TV, smartphones, mobile computing devices, projectors, and smartphones. The HMD segment is expected to rise at a high CAGR during the forecast period. Rising use of smart glasses and HMDs in different applications is increasing the growth of the market.
The smartphones segment is anticipated to expand at a CAGR of 23% during the forecast period, owing to technological advancement in mobile devices. Shifting lifestyle preferences of people towards advanced smartphones is expanding the segment growth. Hence, original equipment manufacturers (OEMs) are concentrating on 3D data solutions for mobile phones.
The TV segment is projected to expand at a robust CAGR during the forecast period, owing to changing preferences of consumers of watching movies at home instead of theaters. This has forced TV manufacturers to focus on 3D display. These TVs give a better impact of vibrant colors, visualization, and improved picture quality to the audience.
Based on technology, the global 3D display market is classified as OLED, LED, and PDP. The LED segment accounted for a major share of the total market revenue in 2018. LEDs are largely used as backlight solutions in order to improve image quality and acquire quick response. Many market players are focusing on improvement of LED displays for various applications, such as monitors, TVs, HMDs, and smartphones.
The OLED segment is anticipated to expand at a rapid pace during the forecast period, 2021–2028. The growth of the segment is attributed to its rising adoption in various devices, along with enhanced performance & picture quality as compared to traditional displays.
On the basis of regions, the global 3D display market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. The market in North America is expected to account for a major market share during the forecast period.
The growth of the market is attributed to increasing technological advancements in smartphones. Rise in use of 3D display technology in gaming, entertainment, and defense is estimated to boost the market during the forecast period.
The market in Asia Pacific is anticipated to rise at a fast pace during the forecast period, 2021–2028, owing to rising disposal income and changing consumer preferences. The existence of major players including LG Electronics, Samsung Electronics, Fujifilm Holdings, and Sony Corporation is fueling the market growth.
The global 3D display market has been segmented on the basis of
- Head mount display
- Mobile Computing Devices
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
Key players in the global 3D display market include LG Electronics, Sony Corporation, Panasonic Corporation, Samsung Electronics, Sharp Corporation, Fujifilm Holdings Corporation, and Toshiba Corporation.
Manufacturers are concentrating on development of new and advanced products such as Ultra-HD 4K TVs and smart TVs.