Global 3d Display Market - Market Size & Forecasting To 2032

Global 3d Display Market - Market Size & Forecasting To 2032

The 3D display market was valued at USD 104.6 billion in 2022 and expected to reach at USD 593.71 billion growing at a CAGR of 18.97% during the forecast period. The viewer gets a three-dimensional visualisation and a sense of depth with a 3D display. It's a new technology that's finding its way into a variety of fields, including gaming, photography, film, education, security, and engineering simulation. One of the most recent advances in the computer industry is the 3D viewer, which provides a very realistic 3D viewing experience.

Growing demand of 3D visualization in the entertainment, gaming, defense and medical fuel the market growth. Due to its growing use in video entertainment, virtual reality, and safety alerts, 3D display technology is gaining popularity in the automotive industry. For instance, BMW has already implemented 3D autostereoscopic display technology in the instrument cluster of its Series 5 sedan to improve the user interface and driving experience. Due to changing customer preferences and the demand for high definition graphics, projectors and monitors, which are among the main applications of 3D displays, are expected to witness a sharp increase in sales in the near future.

However, market growth is expected to be hampered by high costs, a lack of 3D content, and health-related issues such as headaches, nausea, and motion and eye disorders.

3D display market is segmented based on product, technology, access methods, application, and region.

Based on product, the 3D display market is segmented into volumetric display, stereoscopic display, head-mounted display (HMD). Among this stereoscopic display is anticipated for the maximum market share during the forecast period. This is due to a variety of applications such as movies, cartoons, academics, and computer games, it is widely used in the entertainment and gaming industries. Furthermore, advances in autostereoscopic technology and lower stereoscopic product costs are boosting the segment's growth. Based on technology, the 3D display market is segmented into digital light processing (DLP), plasma display panel (PDP), organic light emitting diode (OLED), light emitting diode (LED). Among these, light emitting diode LED technology accounted for the maximum market share during the forecast period. These are widely used as backlighting solutions in order to enhance image quality and get quick response. Various market players are focusing on development of LED- based displays for number of applications, including TVs, smartphones, monitors, and HMDs.

Based on access method, the 3D display market is segmented into screen based display, macro display. Among these, screen based display is accounted for the maximum market share during the forecast period. The lack of space on screen based displays provides an opportunity for the development of screenless displays.

By application, it is classified into television, smartphones, monitor, projector devices, virtual reality headset, tablets, and others. Among these television application is accounted for the maximum market share during the forecast period. This is majorly due to shift in consumer preference from watching movies at theatres to watching them at home on TVs or computers has driven TV manufacturers to focus on 3D display as a value addition to their products.

By region, market has been divided into North America, Europe, Asia Pacific, Middle East & Africa and South America. North America accounted for the largest share during the forecast period. The growth is influenced by the high adoption rate of digital services. Furthermore, the region's growing demand for video games is accelerating the adoption of stereoscopic displays. Over the forecast period, the market will benefit from increased use of 3D display technology in entertainment, gaming, security, and engineering simulations.

On the other hand, Asia Pacific region is anticipated to have significant growth in forecast period. owing to increasing disposable household income, shift customer preferences.

The competitive scenario highlights the performance of major companies operating in this market. This includes detailed profiling of major companies and their competitive benchmarking. Product profiling provides key information including products/solutions offered, key developments, company performances, and strategies adopted in the recent years. Major companies profiled in the market Sony crop., Panasonic Corp., LG Electronics Inc, Samsung Electronics Corp, Toshiba Corp, Sharp Corp, Mitsubishi Electric Corp, Alioscopy, Continental AG, Vision Engineering, Tianma Japan Ltd. And others. These companies have adopted product development, expansion, and merger strategies to consolidate market position amongst intense competition.