India – March 16, 2022 —
3D Display Market Research Report- Forecast till 2027
The 3D display market size will touch USD 150.81 billion at an 18.4% CAGR in the forecast period (2020- 2027), as per the latest Market Research Future’s 3D display market forecast report.
3D display is trend-setting technology in various fields such as education, defence, simulation of engineering, photography, video and gaming. The 3D display market is driven by high adoption of 3D display in the entertainment and gaming industry, and increased sales of TV sets, computers, mobile phones and tablets. Higher costs and lack of 3D content, however, could limit market growth. Real 3D display technologies are making their way into the market with rapid advances in electronics, optics, laser technology and photonics. Market Research Future (MRFR) includes the influence of the gaming industry on the growth of the 3D display sector in its study on the 3D display market. The marketing of the program in advertisement and broadcasting systems has also found mentions as major influencers in the study. Its impact on the pattern of consumer behavior is so profound that many related sectors such as tablets, smartphones, and monitors are expected to usher in profits in for themselves by taking leaps in innovation.
The COVID-19 pandemic has affected the economy. Due to lockdowns and social distancing trends, several manufacturing plants had been shut down especially the automotive and electronics sectors. Following a decline in the purchasing power of luxury goods consumers, the production activities of different major companies were restricted thus limiting the need for 3D displays. Besides, the outbreak has limited research and development initiatives in the industry owing to cuts in the supply of raw materials and labor shortages. All these are affecting market growth.
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By technology, the market is segmented into organic LED (OLED), light emitting diode (LED), digital light processing (DLP), and plasma display panel (PDP). Based on the technology, OLED technologies are slated to dominate the 3D for display market during forecast period.
Based on devices, the 3D display market includes volumetric, stereoscopic, multi-view and head-mounted display (HMD), and others.
Based on the applications, the market is segmented into TV, Monitors, Smartphones, Head mounted displays, and others.
APAC to Precede 3D Display Market
The APAC region will precede the market over the forecast period. The presence of tier 1 players, better infrastructure to support emerging technologies, highest adoption of tablets and smartphones, rising consumer electronics intake, broadcasting and advertising industries increasingly embracing the technology to reach a broader audience, booming entertainment and gaming industry in India, China, and Japan, increasing adoption of 3D display market, the presence of major OEMs, increasing use in engineering simulations, defense, gaming, and entertainment, recent infrastructure development, increased use of billboards, and the growing need for 3D displays in countries with many corporate exhibitions, live concerts, and sports competitions are adding to the global 3D display market growth in the region.
Eminent industry players profiled in the global 3D display market report include Panasonic Corporation (Japan), Sony Corporation (Japan), Samsung Electronics (South Korea), AU Optronics Corporation (Taiwan), Coretec Group, Inc. (US), LG Corporation (South Korea), Toshiba Corporation (Japan), Fujifilm Corporation (Japan) and Mitsubishi Electric Corporation (Japan) Innolux Corporation (Taiwan),among others.
The global 3D display market is fragmented and also competitive for the presence of different international & domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers including collaborations, contracts, partnerships, joint ventures, geographic expansions, &a new product launches, and more.
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3D Display Market Research Report, By Technology (Light Emitting Diode, Organic Light Emitting Diode, Digital Light Processing, Plasma Display Panel), By Application (TV, Smartphone and Tablet, Monitor, Head Mounted Display) – Forecast till 2027
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