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Mobile 3D Technology Market Growth Analysis 2024
Mobile 3D Technology Market Growth
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According to The Business Research Company's, The mobile 3d market size has grown exponentially in recent years. It will grow from $31.49 billion in 2023 to $44.24 billion in 2024 at a compound annual growth rate (CAGR) of 40.5%. The growth in the historic period can be attributed to introduction of 3d technology in smartphones, growth in mobile gaming industry, increased consumer interest in immersive content, expansion of 3d content creation, rising popularity of 3d movies.
The mobile 3d market size is expected to see exponential growth in the next few years. It will grow to $173.12 billion in 2028 at a compound annual growth rate (CAGR) of 40.6%. The growth in the forecast period can be attributed to integration of 3d technology in augmented reality (ar) applications, expansion of virtual reality (vr) in mobile devices, demand for enhanced user experiences in mobile gaming, adoption of 5g technology, increased focus on 3d scanning and depth-sensing capabilities. Major trends in the forecast period include technological advancements in glasses-free 3d displays, development of 3d cameras for mobile devices, rising use of 3d in mobile advertising, emergence of holographic displays, growth in demand for user-generated 3d content.
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Market Drivers and Trends:
An increase in smartphone adoption is expected to propel the growth of the mobile 3D market going forward. A smartphone refers to a cellular phone with a built-in computer and other functionality not previously present in phones, such as an operating system (OS), web browsing, and the ability to run software programs. Mobile 3D enhances the visual experience on smartphones by adding depth and realism to images, videos, and games. For instance, in February 2022, according to the GSM Association, a UK-based non-profit industry organization, there were 6.2 billion smartphone connections recorded in 2021, and it is expected to reach 7.5 billion connections by 2025. Therefore, the increase in smartphone adoption is driving the growth of the mobile 3D market.
Product innovation is a key trend gaining popularity in the mobile 3D market. Major companies operating in the mobile 3D market are developing innovative products to sustain their position in the market. For instance, in March 2023, ZTE Corporation, a China-based technology company, partnered with Leia Inc., a US-based software company, to launch the Nubia Pad 3D tablet. This cutting-edge device has the innovation that allows for totally eyewear-free immersive 3D calling, video streaming, gaming experiences, and sharing content and creative applications. It simultaneously transforms 2D content into 3D and demonstrates 3D content.
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Major Key Players of the Market:
Amazon Inc., Apple Inc., Samsung Electronics Co. Ltd., Sony Corporation, LG Corporation, Intel Corporation, Qualcomm Technologies Inc., 3M Company, Toshiba Corporation, NVIDIA Corporation, Sharp Corporation, Adobe Inc., Epic Games Inc., Dassault Systèmes SE, NTT Docomo Inc., PTC Inc., Magic Leap Inc., HTC Corporation, InMobi, Imagination Technologies Limited, Eon Reality, Amobee Inc., Blippar, Cooliris Inc., Microvision Inc., YUVsoft, Masterimage 3D
Mobile 3D Market 2024 Key Insights:
• The mobile 3d market size is expected to see exponential growth in the next few years. It will grow to $173.12 billion in 2028 at a compound annual growth rate (CAGR) of 40.6%.
• Rising Smartphone Adoption Propels Growth In The Mobile 3D Market
• Zte And Leia Inc. Introduce Nubia Pad 3D Tablet In The Mobile 3D Market
• North America was the largest region in the mobile 3D market in 2023
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