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Soaring Demand Set to Propel 3D Display Market to $332.9 Billion by 2029
3D Display
What Is the Expected CAGR for the 3D Display Market Through 2025?
The size of the 3D display market has witnessed exponential growth recently and is projected to increase from $134.12 billion in 2024 to $161.45 billion in 2025, with a compound annual growth rate (CAGR) of 20.4%. The notable augmentation during the historical period is due to the rising acceptance of consumer electronics, investments channelized towards research and development, the expansion in the automotive sector, and the surge in the e-commerce industry.
What's the Projected Size of the Global 3D Display Market by 2029?
In the coming years, the 3D display market is projected to experience swift expansion, with its value expected to reach $332.9 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 19.8%. Factors attributing to this surge during the forecasted period include increased integration of smart homes, expansion in the healthcare sector, higher smartphone adoption rates, a rise in disposable income, along with the expanding gaming and entertainment industry. Key trends for this period consist of glasses-free 3D displays, visualization through 3D printing, holographic displays, energy-efficient displays, and industry collaboration.
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Top Growth Drivers in the 3D Display Industry: What's Accelerating the Market?
The 3D display market is anticipated to grow following a surge in demand for 3D technology in the gaming sector. This technology, which presents computer games in three dimensions - height, width, and depth, facilitates interactive entertainment. As a majority of video games are designed with 3D in mind, the gaming industry is compelled to create products like laptops featuring a 3D stereo display. As reported by Tech Jury, a tech review platform in the US, 48% of gaming companies were developing virtual reality (VR) and augmented reality (AR) games in 2022, utilising 3D point technology for an optimum gaming experience. Consequently, this rising demand for 3D technology in the gaming sector is fuelling the expansion of the 3D display market.
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What Trends Will Shape the 3D Display Market Through 2029 and Beyond?
The 3D display market is witnessing developments in new technology solutions by the key players in the industry, specifically in 3D gaming monitors. These developments aim to enhance the quality of visuals, improve the clarity of the display and provide an engrossing gaming environment. A 3D gaming monitor is a display system intended to showcase three-dimensional images and graphics, further immersing the gamer by mimicking depth perception. For example, Samsung Electronics, a home appliance company based in South Korea, unveiled its Odyssey 3D gaming monitor at Gamescom 2024 in August. This marked Samsung's inception in the arena of glasses-free 3D display technology. The groundbreaking monitor comes in models with a size of 27-inch and 37-inch, replete with a 4K QLED panel, a maximum refresh rate of 165Hz, and an astonishing response time of just 1 ms. The Odyssey 3D is equipped with superior eye-tracking and view mapping technologies, allowing it to transform regular 2D visuals into captivating 3D experiences without the requirement of any glasses.
What Are the Main Segments in the 3D Display Market?
The 3D display market covered in this report is segmented -
1) By Product: Volumetric, Stereoscopic, Head Mounted Display (HMD)
2) By Technology: Digital Light Processing, Plasma Display Panel, Organic Light-Emitting Diode, Light Emitting Diode
3) By Access Methods: Conventional or Screen-based Display, Micro Display
4) By Application: TV, Smartphones, Monitor, Mobile Computing Devices, Projectors, Head Mounted Display (HMD), Other Applications
Subsegments:
1) By Volumetric: Static Volumetric Displays, Dynamic Volumetric Displays
2) By Stereoscopic: Active Stereoscopic Displays, Passive Stereoscopic Displays, Autostereoscopic Displays
3) By Head Mounted Display (HMD): Virtual Reality (VR) HMDs, Augmented Reality (AR) HMDs, Mixed Reality (MR) HMDs
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Which Top Companies are Driving Growth in the 3D Display Market?
Major companies operating in the 3D display market include Samsung Electronics Co. Ltd., LG Corporation, Panasonic Corporation, Sony Corporation, Sharp Corporation, Toshiba Corporation, Mitsubishi Electric Corporation, AU Optronics Corp., Coretec Group Inc., Universal Display Corporation, ViewSonic Corporation, Planar Systems Inc., Zecotek Photonics Inc., SeeReal Technologies GmbH, Glimm Display BV, Koninklijke Philips N.V., 3D Global GmbH, Canon Europe Ltd., Japan Display Inc., HannStar Display Corporation, Chunghwa Picture Tubes Ltd., Universal Display Corporation, Planar Systems Inc., 3D Combination, 3DIcon Corporation, Medtronic Inc., Signet Systems Inc., Tritium Pty Ltd., DirectMed Inc., Invivo Corporation
Which Regions Will Dominate the 3D Display Market Through 2029?
North America was the largest region in the 3D display market in 2024. Asia-Pacific is expected to be the fastest-growing region in the 3D display during the forecast period. The regions covered in the 3D display market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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