Press release
3D Display Market is Estimated to Hit $378.56 Billion by 2030, Growing at CAGR of 17.6%
3D Display Market
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A 3D display technology is an enhanced display device capable of transmission depth awareness to the viewer using stereopsis for binocular vision. The global 3D display technology is witnessing a surge in home entertainment, owing to decline in the cost of electronics applications.
The growth of the global 3D display market revenue is majorly driven by rise in demand for 3D display solution paired with sense of depth perception. Moreover, high adoption of 3D display solution in entertainment and gaming sectors is anticipated to drive the 3D display market growth. On the contrary, rise in penetration of Internet of Things paired with surge in market of TV, monitor, smart-phone and tablets is anticipated to provide lucrative opportunities for the 3D display industry during the forecast period.
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According to 3D display market analysis, the LED segment was the highest contributor to the market in 2020. The stereoscopic and volumetric segments collectively accounted for around 91.0% market share in 2020. Surge in adoption of digital gaming solution on as led the growth of the stereoscopic and volumetric segment; thereby, enhancing the 3D display market growth.
Competitive Analysis:
The company profile section of the 3D Display Market report covers strategic developments, business overview, product offerings, and financial performance of the companies. It also highlights the strategies adopted by companies such as products launch, agreements, partnerships, acquisitions mergers, collaborations, joint ventures, research & development investment, and regional expansion in the past few years.
Some of the major key players of the global 3D Display Market include,
• Sony Corp.
• Panasonic Corp.
• LG Electronics Inc.
• Samsung Electronics Corp.
• Toshiba Corp.
• Sharp Corp.
• 3D Fusion
• 3D Icon
• Fujifilm Corp.
• Mitsubishi Electric Corp
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The global 3D display market is highly competitive, owing to strong presence of existing vendors. 3D display vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Region-wise, Asia-Pacific holds a significant share in the global 3D display market revenue, owing to presence of prime players in this region. Further, China holds a dominating position in market, owing to rise in investment by prime players and government agencies to develop next generation 3D display solution. The adoption of digital or smart LED solution across residential sectors is expected to propel the growth of the 3D display market trends in this region.
Key Findings of the Study
• By technology, the LED segment accounted for maximum revenue, and is projected to grow at a notable CAGR of 17.0% during the forecast period.
• By application, the TV and smartphone segments together accounted for around 73.2% of the 3D display market share.
• By type, the stereoscopic segment is projected to witness growth at a CAGR of 16.6% during the forecast period.
• By region, Asia-Pacific contributed a major share in the 3D display market, accounting for more than 41.8% share.
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