In 2022, the revenue from the 3D display industry will be US$ 94.3 billion USD. The market for 3D displays is estimated to reach US$ 433.1 billion by 2033, increasing at a 15.0% CAGR from 2023 to 2033. The growing demand for 3D visualization in the medical, defense, gaming, and entertainment industries around the world is expected to increase 3D display sales in the near future.
The 3D display is a current technology that provides a variety of tools for comprehending and visualising complex high-dimensional objects and data. It is primarily based on a combination of cutting-edge technologies such as stereoscopic, multi-view, volumetric, and holography, as well as digital, mechanical, electrical, and optical imaging abilities.
When compared to previous generations of technology, it aids in providing viewers with improved image quality and an auto-stereoscopic 3D experience. The increased use of Personal Computers (PCs), tablets, and smartphones around the world is expected to drive 3D display sales during the evaluation period.
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The launch of 3D channels, as well as the growing preference for 3D displays in the entertainment industry, such as museums, movie theatres, display centres, and amusement parks, are expected to drive the market in the future. The growing use of augmented reality in the healthcare industry to practise surgeries is expected to drive the market.
This technology aids in pre-operative planning, reducing operation time, and improving surgeons’ vision capabilities. Furthermore, the increasing use of 3D projectors in the educational sector to help students understand complex concepts more easily is expected to drive growth.
What are some of the key drivers propelling the 3D display market?
The rising demand for 3D displays, particularly in home entertainment, is expected to boost the market during the assessment period, owing to rising disposable incomes and falling prices of advanced electronic devices globally. The gaming industry’s ongoing development, as well as advances in computer technology, are expected to contribute to the high demand for 3D displays.
3D display technologies aid in providing players with better simulation effects and picture quality. These will be used to create a new framework that will include game-changing mechanisms, state machines, and windows.
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Why is North America Emerging as an Opportunistic 3D Display Market?
North America is anticipated to account for the largest 3D display market share in the evaluation period. The rapid expansion of the gaming and entertainment industries is expected to positively influence the market in the U.S. and Canada.
The rising number of cinema screens and the surging development of 3D movies in the U.S. are some of the other significant factors that are likely to bode well for the market. The launch of new state-of-the-art home consoles by prominent companies is also set to spur the growth in North America.
How is Asia Pacific Contributing to the Growth of the 3D Display Market?
The increasing spending power of individuals residing in China and India is a major factor that is likely to propel the Asia Pacific 3D display market share in the forthcoming years. The presence of a well-established film industry is another factor that is set to augment the market in Asia Pacific.
As per the Film Federation of India (FFI), there were approximately 10,167 single screens in the country in 2010. This number has surged at a fast pace since then and it is projected to augur well for the market. The ongoing development of healthcare infrastructure is also expected to contribute to the growth in Asia Pacific with the deployment of 3D displays for performing surgeries.
Market Competition
Some of the key participants present in the global 3D display market are 3D Fusion Corp., Fujifilm Holdings Corporation, LG Electronics, Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Sony Corporation, The Coretec Group Inc. (3DICON Corporation), and Toshiba Corporation.
Majority of the key players operating in this market are currently focusing on conducting exhaustive research and development activities to introduce new products to cater to the high demand from a wide range of industries. Meanwhile, a few other players are engaging in mergers, acquisitions, collaborations, and joint ventures to strengthen their positions in the market.
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Key Segments Profiled in the 3D Display Industry Survey
By Technology:
- Digital Light Processing (DLP)
- Plasma Display Panel (PDP)
- Organic LED (OLED)
- LED (For Backlighting LCD Display Panels)
By Application:
- TV
- Smartphones
- Monitors
- Mobile Computing Devices
- Projectors
- Head-mounted Display (HMD)
- Others
By Type:
- Volumetric Display
- Stereoscopic
- Head-mounted Displays (HMD)
By Access Methods:
- Conventional/Screen-based Display
- Micro Display
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- APEJ
- Japan
- Middle East and Africa
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