3D Display Market

Global 3D Display Market Size (2024 to 2029)

The global 3D display market is anticipated to reach USD 147.7 billion in 2024 and USD 355.6 billion by 2029, growing at a CAGR of 19.2% during the forecast period. Increasing demand for 3D technology in the gaming and home entertainment industry is expected to be one of the main trends driving product sales.

The 3D screen provides viewers with a three-dimensional view and a sense of depth. It is a new technology increasingly adopted in various fields, such as photography, games, education, defense, video, and engineering simulation. 3D viewing technology offers a wide variety of viewing experiences and does not require special glasses or viewing tools normally provided to the viewer. These technologies allow users to visualize 3D experiences with the naked eye. 3D displays are one of the new advancements in the electronics industry as they provide a highly immersive 3D viewing experience. However, to get a better depth experience, you should view the image on the 3D screen with special 3D glasses.

Global 3D Display Market Drivers:

Although 3D display technology is in its infancy, it is expected to grow significantly during the forecast period. Factors driving the growth of the global 3D display market are the advancement of display technology, the increasing adoption of 3D displays by consumer electronics manufacturers, the increasing demand for 3D displays in the entertainment industry, such as games, and the appearance of 3D channels in recent years. Additionally, the growth of the global 3D display market is foreseen to accelerate as demand for 3D display technology increases in the medical and defense fields. However, the 3D display market has great growth potential as the adoption of 3D displays in televisions, smartphones, and other devices increases.

The global market is experiencing a growing trend of adoption of 3D displays in the advertising industry. The great popularity of 3D displays has encouraged advertising agencies to display content in the hoard and stream commercial movies. The industry is estimated to gain significant traction in the near future due to falling prices for electronic devices, coupled with rising personal disposable income around the world. Technological development has strongly boosted the electronics industry by introducing a 3D viewing experience. The global demand for 3D displays has increased significantly. Widely used in games, photography, education, and defense. The 3D display enhances the viewing experience by providing clear, high-quality 3D content. The evolution of consumer preferences and awareness of high-definition technology has led to the expansion of the industry. The market is foreseen to expand as the adoption of digital cinema displays that can provide 3D viewing experiences increases and consumer propensity for 3D movies increases. In addition, the increase in marketing and advertising strategies is driving the adoption of 3D displays in the advertising industry.

3D displays are widely used for 3D content on billboards and feature films. Advertising agencies adopt automatic stereoscopic technology for billboard advertising. Therefore, as the use of 3D technology increases, the 3D display market will certainly kick in. The global 3D display market is expected to experience high growth in the future due to the high demand for 3D displays, especially in the fields of games, defense, and entertainment. The commercialization of 3D displays and their overuse by advertising agencies, television service providers, and broadcasters have created growth opportunities for the 3D display market. Additionally, as the demand for smartphones, tablets, and monitors increases, so does the demand for 3D displays. The increasing adoption of augmented reality in a variety of medical and surgical applications is creating opportunities for the 3D display market. This technology shortens the time of surgery and improves the surgeon's visual skills and preoperative planning. Therefore, companies tend to develop innovative surgical solutions.

Global 3D Display Market Restraints:

On the other hand, the high cost of 3D display technology and the lack of availability of 3D content are some of the main factors impeding the growth of the global 3D display market. Furthermore, market growth is limited by the lack of interoperability between the stakeholders involved in the supply chain.

Impact of COVID-19 on the global 3D Display Market:

The Coronavirus outbreak has closed several manufacturing plants around the world, primarily in the consumer electronics and automotive sectors. As the purchasing power of luxury goods consumers declined, the production activities of several major companies were restricted, limiting demand for 3D displays. Furthermore, the pandemic has limited research and development initiatives in the industry due to labor shortages and cuts in the supply of raw materials.

GLOBAL 3D DISPLAY MARKET REPORT COVERAGE:

This report on the global 3D display market has been segmented and sub-segmented based on type, application, and region.

Global 3D Display Market – By Type:

• Head Mounted Display

• Volumetric Display

• Stereoscopic Display

Among all these displays, the demand for stereoscopic displays is expected to dominate during the forecast period due to the increasing application of televisions, smartphones, and monitors.

Global 3D Display Market – By Application:

• Automotive

• Consumer Electronics

  • Smart TVs,

  • Smartphones

  • Tablets

  • Laptops

• Advertising

• Medical

• Entertainment

• Retail

• Military & Defence

Among all these application segments, consumer electronics applications are expected to continue to dominate during the forecast period due to the increasing adoption of 3D displays in televisions, smartphones, and monitors. The rise of 3D games and the rise in the adoption of 3D content are expected to drive growth in the entertainment and advertising sectors, respectively.

Global 3D Display Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

North America's 3D Display Market is expected to lead the global 3D display market in 2021. Technological advancements, increased smartphone penetration, and high digital service adoption are key factors influencing regional market growth. Additionally, the adoption of stereoscopic displays is booming as demand for video games increases in the region. The increasing use of 3D display technology in entertainment, games, defense, and engineering simulation will strengthen the market during the forecast period.

The 3D Display Market in the Asia Pacific region is foreseen to dominate the industry during the conjecture period. India, Japan, China, and Korea dominate the 3D display market in Asia Pacific, where the 3D display market is expanding with the presence of first-tier players such as Sony Corporation and LG Corporation and better infrastructure supporting emerging technologies. The Asia Pacific region has the highest adoption and utilization rates for smartphones and tablets, which may occupy the largest market share. Factors such as recent infrastructure development and increased use of billboards will drive the Asia Pacific market for 3D displays in the coming years. Furthermore, the demand for 3D displays is estimated to increase in countries with many sports competitions, live concerts, and corporate exhibitions.

KEY MARKET PARTICIPANTS:

The major players in the global 3D display market include Panasonic Corporation, Sony Corporation, Samsung Electronics Co. Ltd., LG Electronics, Sharp Corporation, Toshiba Corporation, HannStar® Display Corporation, AU Optronics Corp., Universal Display Corporation, Innolux Corporation, ViewSonic Corporation, and others.

Recent Developments:

• In May 2020, Ocutrx Vision Technologies, LLC announced the development of a new "Ocutrx OR-Bot" surgical display theater equipped with an 8K 3D screen monitor to operate surgical instruments.