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3D Display Market to Reach US$ 6,408.5 Mn at CAGR of 28.3% by 2028 | Top Countries Data by The Insight Partners
According to our latest market study on "3D Display Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Type, Technology, Application, and Geography," the market is expected to grow from US$ 575.09 million in 2021 to reach US$ 3,290.83 million by 2028; it is estimated to register a CAGR of 28.3% from 2021 to 2028.3D Display Market: Competitive Landscape and Key Developments
AU OPTRONICS CORP.; Innolux Corporation; LG Electronics; Mitsubishi Electric Corporation; Panasonic Corporation; Samsung Group; Sharp Corporation; Looking Glass Factory Inc.; Light Field Lab, Inc.; Leia Inc.; Sony Corporation; Toshiba Corporation; and Fujifilm Corporation are among the major companies operating in the 3D display market. Consumer electronics, automotive, medical, military & defense, industrial, media & entertainment, gaming are among the potential markets for 3D displays
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Additionally, growth in entertainment and gaming industries positively impacted the 3D display market as the number of cinema screens has increased significantly, i.e., ~125,000 in 2021 cinema screens have begun operating on a digital platform globally. Moreover, the rising adoption of augmented reality in various medical applications to improve the vision capabilities of surgeons, decrease operation time, and pre-operative planning is creating opportunities for the 3D display market. For instance, in May 2020, Ocutrx Vision Technologies, LLC has announced the development of its new surgery visualization theater, "Ocutrx OR-Bot," which is equipped with a 3D 8K display monitor to operate surgical tools. However, the continuous investments especially in autostereoscopic 3D display solutions and growing number of partnerships between market players and end users to develop advanced holographic and volumetric 3D display systems for a wide range of applications are among the factors driving the growth of global 3D display market.
3D Display Market: Key Insights - Future Trend
The COVID-19 crisis affected industries worldwide, and the global economy took the worst hit in 2020, which is likely to continue in 2021. The outbreak created significant disruptions in primary industries such as automotive, retail, and consumer electronics. The sharp decline in electronics and manufacturing industries is impacting the growth of the global 3D display market.
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North America is one of the most favorable region for the adoption and growth of new technologies due to supporting government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. North America is home to a large number of manufacturing and technology companies, and thus the impact of COVID-19 outbreak had been quite severe till mid-2021. The region is expecting market recovery and economic improvement with the COVID-19 vaccination drives.
3D Display Market: Segmental Overview
The current key application areas of 3D displays are marketing and advertising sectors. Medical, automotive, and defense are expected to be among the potential areas for 3D displays. The prospective application areas of 3D display technologies could be unprecedented in number depending on the positive growth and technology development in the market.
Based on type, the 3D display market is segmented into stereoscopic 3D display and autostereoscopic 3D display. The autostereoscopic 3D display segment held a larger market share in 2021.
The 3D display market is segmented into type, technology, application, and geography. Based on type, the market is segmented into stereoscopic 3D display and autostereoscopic 3D display. In 2021, the autostereoscopic 3D display segment led the 3D display market and accounted for the largest market share. Based on technology, the market is categorized into digital light processing, organic light emitting diode, and light emitting diode.
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In 2021, the digital light processing segment led the 3D display market and accounted for the largest market share. Based on application, the market is segmented into consumer electronics, automotive, medical, advertisement, retail, military & defense, and others. In 2021, the consumer electronics segment led the 3D display market and accounted for the largest market share.
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.
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