Dublin, Oct. 18, 2023 (GLOBE NEWSWIRE) -- The "Global 3D Display Market - Market Size & Forecasting to 2032" report has been added to ResearchAndMarkets.com's offering.
The global 3D display market, valued at USD 104.6 billion in 2022, is set to experience substantial growth with a projected CAGR of 18.97% to reach USD 593.71 billion by the end of the forecast period.
3D displays offer viewers a captivating three-dimensional visual experience and a sense of depth, making them increasingly prevalent across diverse sectors such as gaming, photography, film, education, security, and engineering simulation.
The surge in demand for 3D visualization in the entertainment, gaming, defense, and medical industries is a significant driver behind this market growth. Notably, the automotive sector, exemplified by BMW's implementation of 3D autostereoscopic display technology in its Series 5 sedan, is embracing 3D displays to enhance user interfaces and driving experiences. Additionally, the growing preference for high-definition graphics and the increasing sales of projectors and monitors are expected to drive market growth.
Despite these positive trends, the 3D display market faces challenges including high costs, a shortage of 3D content, and health-related concerns such as headaches, nausea, and motion and eye disorders.
Market Segmentation:
The 3D display market is segmented based on product, technology, access methods, application, and region.
Product Segment:
- Volumetric display
- Stereoscopic display
- Head-mounted display (HMD)
Among these, the stereoscopic display is poised to dominate the market due to its extensive use in entertainment and gaming, benefiting from advances in autostereoscopic technology and lower product costs.
Technology Segment:
- Digital light processing (DLP)
- Plasma display panel (PDP)
- Organic light emitting diode (OLED)
- Light emitting diode (LED)
LED technology is expected to hold the largest market share during the forecast period, thanks to its widespread application as a backlighting solution, improving image quality and response time.
Access Method Segment:
- Screen-based display
- Macro display
Screen-based displays are anticipated to lead the market due to their widespread use, although the development of screenless displays presents new opportunities.
Application Segment:
- Television
- Smartphones
- Monitor
- Projector devices
- Virtual reality headset
- Tablets
- Others
Television applications are expected to hold the highest market share, driven by a shift in consumer preferences toward home entertainment.
Regional Analysis:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
North America is projected to maintain its dominance, driven by a high adoption rate of digital services and a growing demand for video games. The adoption of stereoscopic displays in entertainment, gaming, security, and engineering simulations will further boost the market. Asia Pacific is expected to witness significant growth due to increasing disposable incomes and shifting consumer preferences.
Key Market Players:
- Sony Corp.
- Panasonic Corp.
- LG Electronics Inc.
- Samsung Electronics Corp.
- Toshiba Corp.
- Sharp Corp.
- Mitsubishi Electric Corp.
- Alioscopy
- Continental AG
- Vision Engineering
- Tianma Japan Ltd.
These leading companies are employing product development, expansion, and merger strategies to solidify their positions in this competitive market.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 255 |
| Forecast Period | 2019 - 2032 |
| Estimated Market Value (USD) in 2019 | $55.81 Billion |
| Forecasted Market Value (USD) by 2032 | $593.71 Billion |
| Compound Annual Growth Rate | 18.9% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/s70w2o
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