3rd September 2019 – Global 3D
Display Market is projected to reach 204.16 billion by 2025 owing to
increase in use of 3D technologies for wide range of applications in different
industries. 3D display (Stereo Display) is a display device that is capable of
offering depth perception to the spectator with the help of stereopsis for
binocular visualization. Almost every device in day-to-day environment includes
3D display. For example laptops, cameras, cellphones and other handheld
electronics. The continuous improvements in 3D technology and its use in
various industries is predicted to boost 3D display market at a CAGR of 19.4%
in the forecast period.
The modernizations in 3D technology has
widened the use of 3D displays in several fields like photography, education,
video, gaming, engineering simulation, defense, etc. The demand for 3D display
in smartphones, monitors, tablets and healthcare instruments are fueling the
market growth. However, the cost of 3D display and shortage of 3D content are
barriers to the growth of the market. Additionally, the improved technologies
in games, movies and rising market of monitor, TV, tablet, smartphone along
with the scope of 3D display penetration is all set to provide abundant growth
opportunities in 3D display market in near future.
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The adoption of 3D displays in the
advertisement industry is one of the major prevailing trends in the market. The
advertising organizations are progressively adopting 3D display technology to
improve hoarding advertisements and display the commercials films. They are
also deploying auto-stereoscopic technology for hoardings. Increase in number
of sports competitions, live concerts, and corporate tradeshows are driving the
growth of the market. Moreover, lack of interoperability between stakeholders
like flat panel manufacturer, 3D content owner, and broadcasting operators,
etc. operating in supply chain market are confining the growth of the market.
Nevertheless, the rising health issues are boosting the use of 3D technology in
the advanced medical tools & instruments.
3D display market can be categorized on
the basis of type, technology, application and geography. On the basis of type,
the market is divided into head mounted display, volumetric display, and
stereoscopic display. Stereoscopic display demand is predicted to be dominant
throughout the future due to the growth in its application in smartphones,
TV’s, monitors and other electronic devices with screen.
In terms of technology, the 3D display
market is segmented as plasma display panel (PDP), organic light emitting diode
(OLED), digital light processing (DLP), and light emitting diode (LED)
technology. LED backlighted LCD technology products are the most commonly used
3D displays. LED backlighted display are more preferred over CCFL backlighting
due to energy efficient solution and compact design. In terms of adoption, the
growing display technologies like OLED is predicted to witness giant growth.
On the basis of application, the 3D
display market is distributed among consumer electronics (tablets, smartphones,
TV, etc.),retail, entertainment, automotive, medical, advertising, and military
& defense. Owing to the greater adoption of consumer electronics, the
segment is projected to dominate the market in future. Increasing number of 3D
games and growing adoption of 3D content is likely to drive the growth of
entertainment and advertising industries respectively.
Geographically, 3D display market is
segmented as North America, Latin America, Eastern Europe, Western Europe,
Japan, Asia-Pacific, and Middle East & Africa. China and United States
dominated the market in Asia Pacific and North America in 2016 respectively.
Presently, Asia Pacific and North America is dominating the market. The
prominent 3D display market players profiled here are Panasonic Corp., Sony
Corp., LG Electronics Inc., Toshiba Corp., Sharp Corp., Samsung Electronics
Corp., 3D fusion, 3DIcon, Mitsubishi Electric Corp and Fujifilm Corp.
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