The Global 3D Display Market Size accounted for USD 107.8 Billion in 2022 and is estimated to achieve a market size of USD 595.2 Billion by 2032 growing at a CAGR of 18.9% from 2023 to 2032. Growing demand for 3D visualization in gaming, defense, entertainment, and medical drives the 3D display market growth. Furthermore, the increasing use of augmented reality in a variety of medical applications and procedures is expected to grow the 3D display market in the coming years.
3D Display Market Report Key Highlights
3D display, also known as a stereo display, is a technology capable of providing three-dimensional visualization. 3D displays require 3D glasses to view the content and have a better experience. The basic technique of 3D displays is to separately display offset images to the right and left eye. A 3D depth perception is then generated by combining both 2D offset images in the viewer’s brain. 3D display technology is emerging owing to its wide usage in fields such as video, photography, gaming, engineering simulation, education, and defense.
Global 3D Display Market Trends
3D Display Market Report Coverage
|Market||3D Display Market|
|3D Display Market Size 2022||USD 107.8 Billion|
|3D Display Market Forecast 2032||USD 595.2 Billion|
|3D Display Market CAGR During 2023 - 2032||18.9%|
|3D Display Market Analysis Period||2018 - 2032|
|3D Display Market Base Year||2022|
|3D Display Market Forecast Data||2023 - 2032|
|Segments Covered||By Product, By Technology, By Application, And By Geography
|Regional Scope||North America, Europe, Asia Pacific, Latin America, and Middle East & Africa|
|Key Companies Profiled||Panasonic Corporation, The Coretec Group Inc., AU Optronics Corp., Fujifilm Holdings Corporation, Toshiba Corporation, Sony Corporation, LG Electronics, Mitsubishi Electric Corporation, Sharp Corporation, and Samsung Electronics Co. Ltd.
||Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Covid-19 Analysis, Regulation Analysis|
3D display technology is in a nascent stage and is anticipated to witness noteworthy growth in the coming years. Advancements in technology, demand for 3D visualization in the entertainment sectors such as 3D TV channels, gaming, and others, and the use of 3D displays in consumer electronics are the factors driving the market growth. Furthermore, the need for 3D displays in healthcare and defense applications for training and stimulating tactics is also bolstering market growth as this technology helps in delivering better visualization. However, the lack of 3D content and the high cost of 3D displays is the major factor hindering the growth of this market. Many people face health issues such as headaches and nausea while watching a 3D video - another factor restricting the market growth. Additionally, inadequate compatibility in the supply chain may be a key challenge for the growth of this market. Whereas, demand for 3D-enabled televisions, smartphones, laptops, and other devices provides a huge opportunity in the 3D display market in the future.
The presence of numerous manufacturers has led to intense competition in this sector. The development of relationships with customers is a primary goal for vendors in order to maintain competition, resulting in quick technological innovations. Aside from using 3D displays in TVs and smartphones, various near-eye-display firms, including Vuzix, Oculus, Avegant, and others, are creating 3D displays for virtual and augmented reality-based applications. In addition, the usage of 3D displays in wearable devices is driving the market growth.
3D Display Market Segmentation
The global 3D display market segmentation is based on product, technology, application, and geography.
3D Display Market By Product
According to a 3D display industry analysis, the stereoscopic display segment led the market in 2022. Factors driving this growth include the rising desire for immersive experiences, technological breakthroughs, and increased usage in industries such as gaming, healthcare, and education. The growing demand for 3D displays in the entertainment and gaming industries is projected to boost the market. The growing use of 3D displays in the automotive and aerospace industries is likely to fuel market expansion. Furthermore, the increasing use of 3D displays in the medical industry for surgical planning and training is likely to drive market expansion.
3D Display Market By Technology
In terms of technology, the LED segment is predicted to garner major market focus in the coming year. LED (light-emitting diode) technology has grown rapidly in recent years as a result of its energy efficiency, long lifespan, and versatility. LED efficiency and brightness improvements have made the technology more appropriate for a variety of applications and enabled new use cases. Furthermore, the growing use of LED lighting in the automotive and industrial sectors is propelling the segment growth.
3D Display Market By Application
According to the 3D display market forecast, the smartphone segment is expected to grow the fastest in the coming years. This is due to the increasing integration of this technology into mobile devices. People's changing lifestyles are driving them to buy high-end smartphones, which is driving the development of 3D displays. Furthermore, original equipment manufacturers (OEMs) are concentrating on 3D data visualization solutions for mobile devices, fueling the segment growth.
3D Display Market Regional Outlook
The Middle East & Africa
Asia-Pacific Emerges as the Dominant Force in the 3D Display Market
In terms of geography, the Asia-Pacific region dominates the worldwide 3D display market in 2022. A few factors contributing to the growth of this market in Asia-Pacific include the availability of inexpensive labor and the increasing consumption of consumer electronics. There is an increasing demand for digital services, as well as increased knowledge of the availability of such technologies, and these factors will drive market expansion in the Asia-Pacific region. Furthermore, increased use of 3D display technology in gaming, defense, entertainment, and engineering simulations will boost the regional market throughout the projection period.
3D Display Market Players
Some of the top 3D display market companies offered in the professional report include Panasonic Corporation, The Coretec Group Inc., AU Optronics Corp., Fujifilm Holdings Corporation, Toshiba Corporation, Sony Corporation, LG Electronics, Mitsubishi Electric Corporation, Sharp Corporation, and Samsung Electronics Co. Ltd.
The market size of 3D display was USD 107.8 Million in 2022.
The CAGR of 3D display market is 18.9% during the analysis period of 2023 to 2032.
The key players operating in the global 3D display market are Panasonic Corporation, The Coretec Group Inc., AU Optronics Corp., Fujifilm Holdings Corporation, Toshiba Corporation, Sony Corporation, LG Electronics, Mitsubishi Electric Corporation, Sharp Corporation, and Samsung Electronics Co. Ltd.
Asia-Pacific held the dominating position in 3D display market during the analysis period of 2023 to 2032.
North America region exhibited fastest growing CAGR for 3D display market during the analysis period of 2023 to 2032.
The current trends and dynamics in the 3D display industry include the growing applications of animation, 3D modeling, and surgical planning.
The television application held the maximum share of the 3D display market.