3D display Market Size, Share, Growth, Trends and Forecast 2020-2026

Global 3D display Market size is anticipated to expand at a considerable pace in the coming years, owing to the rapid integration of AR (augmented reality) in air traffic controls across the globe.

3D visualization plays a major role in delivering accurate data and improving the awareness of aircraft position and landmark space. Escalating adoption of IVI (In-Vehicle-Infotainment) and digital instrument clusters will contribute to the rising popularity of 3D display technology worldwide. Various companies are integrating this technology on the dashboard to improve user interface, increase safety, as well as drive experience, which in turn, will foster overall 3D display market expansion over the projected timeframe.

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For instance, Spatial Systems has recently launched a VR collaboration platform on Oculus Quest Store to improve the 3D remote working experience through a suite of VR and AR features. The company is also planning to enhance its app by integrating Figma, Google Docs, Slack, and other services.

As per Global Market Insights, Inc. estimates, the global 3D display market size is expected to cross $60 billion by 2026.

The ongoing COVID-19 pandemic has resulted in the halt of manufacturing and production activities in the consumer electronics sector, leading to an increasing gap between the demand-supply equilibrium. These factors are likely to impede the 3D display market trends in the forthcoming years.

 

In terms of segmentation by product, the global 3D display market from the volumetric display segment held nearly 5% market share in 2019 and is poised to depict a CAGR of 30% through 2026. The segmental growth can be credited to its rapid deployment in various industries including gaming, entertainment, and medical imaging.

 

The advantages of using volumetric displays include the delivery of high-end characteristics such as viewing the angle, motion parallax, & exact focal-depth of real-world objects. This has positively influenced various companies to adopt 3D volumetric displays to create a new dimension in the gaming sector, thereby adding impetus to the 3D display market dynamics across the globe.

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With regards to the technology spectrum, the Digital Light Processing (DLP) segment held a market share of 25% in 2019, driven by the mounting implementation in home theaters, cinema hall projectors, commercial entertainment, and other applications.

Rising acceptance of DLP chips can be attributed to its ability to reduce gaps between the pixels, providing an opportunity for the 3D display market to grow exponentially over the estimated timeline.

Moreover, the OLED technology segment is likely to remain prominent in years ahead, as it offers distinctive features such as high contrast ratio and wide-angle view. The introduction of the foldable OLED display, 3D sensing, and virtual reality is slated to proliferate the global 3D display market share over the projected timeline.

Based on application, the monitor segment is set to exhibit a growth rate of around 27% through 2026, due to the vast 3D display monitor adoption in the medical and healthcare sector.

3D display monitors are integrated with ultrasound images, MRI scans, X-rays, and other medical imaging devices to develop the visual representations of the interior of the body for medical intervention and clinical analysis of complex diseases.

Furthermore, these monitors are widely used in medical surgeries to analyze the internal tissues’ anatomy and ensure high accuracy & precision.

On the regional front, the Europe 3D display market accounted for a market share of over 20% in 2019 and is projected to register a nearly 25% growth rate through 2026, as a result of the accelerating automotive OEM presence in the region, such as Audi, BMW Group, and PSA Group, that integrate these stereo displays to deliver enhanced viewing experiences.

The demand for 3D display devices is also anticipated to witness a major upsurge over the forecast spell, owing to the strong focus of market players in developing advanced automotive safety systems including ADAS and self-driving cars.

Additionally, favorable government policies in the Asia Pacific region have created significant opportunities for the development of local manufacturing plants by foreign companies, which is serving as an influencing factor for the APAC 3D display market growth.

 

The competitive landscape of the 3D display devices market comprises of companies such as Samsung Electronics Corporation, Universal Display Corporation, AU Optoelectronics, Sony Corporation, Panasonic Corporation, and LG Corporation.

 

These key industry players are focusing on lucrative growth opportunities and strengthening their stance in the market through various strategies including partnerships, innovations, and new product launches.

 

To illustrate, in August 2020, FNX announced a strategic collaboration with the ABP (Alvanon Body Platform), in order to enhance cloud-based 3D image rendering, that helps in developing digital products in the apparel industry across the world.

Browse key industry insights spread across 200 pages with 183 market data tables and 23 figures & charts from the report, 3D Display Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/3d-display-market

Report Content

Chapter 3.    3D Display Insights

3.1.    Industry segmentation

3.2.    Industry landscape, 2016 – 2026

3.2.1. Global consumer electronics industry landscape

3.3.    Impact analysis of corona virus (COVID-19) pandemic on 3D display market

3.3.1. Global outlook

3.3.2. Impact by region

3.3.2.1.    North America

3.3.2.2.    Europe

3.3.2.3.    Asia Pacific

3.3.2.4.    Latin America

3.3.2.5.    MEA

3.3.3. Industry value chain

3.3.3.1.    Research and development

3.3.3.2.    Manufacturing

3.3.3.3.    Marketing

3.3.3.4.    Supply

3.3.4. Competitive landscape

3.3.4.1.    Strategy

3.3.4.2.    Distribution network

3.3.4.3.    Business growth

3.4.    Industry ecosystem analysis

3.4.1. Raw material and component supplier

3.4.2. 3D display providers

3.4.3. Gab suppliers

3.4.4. Semiconductor component manufacturers

3.4.5. OEMs

3.4.6. Vendor matrix

3.5.    Technology & innovation landscape

3.5.1. Glass free 3D display

3.5.2. Foldable 3D displays

3.5.3. Development of mini-LED and micro-LED

3.5.4. Introduction of flexible OLED

3.6.    Regulatory landscape

3.6.1. North America

3.6.2. Europe

3.6.3. Asia Pacific

3.6.4. LAMEA

3.7.    Industry impact forces

3.7.1. Growth drivers

3.7.1.1.    Rising development of smartphones models with curved displays

3.7.1.2.    Proliferation of gaming industry worldwide

3.7.1.3.    Integration of AR/VR in consumer electronics products

3.7.1.4.    Rising penetration of digital instrument clusters among automotive OEMs

3.7.1.5.    Growing demand for 3D displays in innovative medical applications

3.7.1.6.    Increasing demand for 3D displays in movie theaters

3.7.2. Industry pitfalls and challenges

3.7.2.1.    High cost associated with 3D display

3.7.2.2.    Lack of 3D content development   

3.8.    Growth potential analysis

3.9.    Porter’s analysis

3.9.1. Industry rivalry

3.9.2. Threat of new entrants

3.9.3. Buyer power

3.9.4. Supplier power

3.9.5. Threat of substitutes

3.10.    PESTEL analysis

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Corporate Sales, USA
Global Market Insights, Inc.
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