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3D Display Market – Surging Demand For Enhanced Imaging And Viewing Experience Is Estimated To Augmenting The 3D Display Market Growth: Grand View Research Inc.

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3D Display Market – Surging Demand For Enhanced Imaging And Viewing Experience Is Estimated To Augmenting The 3D Display Market Growth: Grand View Research Inc.

February 19
12:38 2021
3D Display Market - Surging Demand For Enhanced Imaging And Viewing Experience Is Estimated To Augmenting The 3D Display Market Growth: Grand View Research Inc.

“Grand View Research, Inc. – Market Research And Consulting.”
The continued growth in demand for innovative electronic devices with regards to smartphones and TVs, as well as the rapid developments in the home entertainment space, have created a very positive environment for the 3D display market, according to a study by Grand View Research.

The global 3D display market size is projected to become USD 204.16 billion by 2025, exhibiting a CAGR of 19.4% during this period, according to a new study by Grand View Research, Inc. The continued rise in demand for enhanced imaging and viewing experience among consumers, aided by the improvement in lifestyle and rise in disposable incomes, is estimated to be one of the key trends augmenting the market. Rising use of 3D technologies across a variety of applications in several industries will further boost the industry advancement. The robust growth of the entertainment and gaming industries in emerging economies across the globe, such as Brazil, China, and India, is poised to play a vital role in propelling the demand for the technology over the coming years. Furthermore, the presence of major OEMs is contributing significantly toward regional growth. Device manufacturers are witnessing increased competition in this space, which has accelerated the development of the market.

Stereoscopic 3D products are useful in numerous applications including TVs, smartphones, tablets, and computers. Key players in the market, such as Samsung and Sony, have introduced compatibility in head mounted display (HMD) with minimum hardware requirement, which has spurred market growth. Emerging display technologies such as OLED are likely to gain increased market penetration over the forecast period owing to increasing implementation in various devices, as they offer improved picture quality and performance as compared to traditional technologies. Over the past few years, the industry has witnessed competitive product pricing, in the areas of smartphones and TVs, which has helped the industry to maintain an impressive growth. Projectors and monitors, which are among the key applications of 3D displays, are expected to register a sharp rise in sales in the near future, owing to changing consumer preferences and surging demand for high-definition graphics, especially in emerging economies.

The 3D display market is broadly segmented on the basis of product, technology, and application areas. The major products that are included in the market are volumetric displays, stereoscopic displays, and Head Mounted Displays (HMD). The industry players utilize a number of technologies, which include DLP, PDP, OLED, and LED. The technology finds application in a number of devices such as TV, monitor, smartphones, projectors, HMD, and mobile computing devices, among others. Some of the notable market players in the 3D display industry include Samsung Electronics, LG Electronics, Panasonic Corporation, Sony Corporation, Sharp Corporation, Toshiba Corporation, and Fujifilm Holdings Corporation; smartphone manufacturers such as Apple, Xiaomi, and Huawei have also become notable contributors to the market revenue in the span of the past decade.

Canada 3D display market, by product, 2014 - 2025 (USD Billion)

3D Display Market Report Highlights

1        The continued evolution in the gaming industry on account of the improvements in graphics technologies, as well as availability of innovative peripheral devices, has helped in the development of the 3D display market in recent years

2        The ever-increasing spending on defense and military infrastructure by major global economies has also presented a lucrative growth avenue for the 3D display market, as the technology is utilized for military training, visualization, as well as remote observation applications

3        The HMD product segment is anticipated to witness significant growth at a CAGR of over 25.0% through 2025, which can be attributed to advancements in the technology and lower prices of these displays

4        The stereoscopic segment accounted for more than two thirds of the 3D display market revenue in 2016. Advancements in autostereoscopic technology are poised to trigger further growth of this segment

5        With regards to technology, the OLED segment is projected to advance at the fastest CAGR of 27.4% during the forecast period, owing to increasing adoption of such displays in devices such as TVs, smartphones, tablets, and laptops

6        TV was the most prominent application segment in 2016, accounting for around 75.0% of the overall market revenue. Consumer electronics manufacturers (CEMs) are trying to enhance the user viewing experience by incorporating 3D display technologies

7        Asia Pacific is poised to witness the highest growth over the forecast period in the 3D display market. Changing consumer preferences in developing economies, coupled with the flourishing entertainment and gaming industries in the region, have escalated the market demand

8        The key market players are adopting organic and inorganic growth strategies such as investments in R&D, product innovation, and M&A activities, to acquire larger industry share

9        Sony announced a Spatial Reality Display in October 2020, which has been developed for creative professionals in the fields of computer graphics and visual effects in movies. The technology would allow the user to view their 3D creations even without a VR headset

10The popularity of OLED TVs has led to LG declaring that it would be manufacturing one million 48-inch OLED TV screens in 2021, aided primarily by the demand from the gaming audience; this represents a huge jump from the 220,000 TV screens produced by the company in 2020

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Grand View Research has segmented the global 3D display market on the basis of product, technology, application, and region:

3D Display Product Outlook (Revenue, USD Billion, 2014 – 2025)

  • Volumetric display

  • Stereoscopic

  • Head Mounted Displays (HMD)

3D Display Technology Outlook (Revenue, USD Billion, 2014 – 2025)

  • DLP

  • PDP

  • OLED

  • LED

3D Display Application Outlook (Revenue, USD Billion, 2014 – 2025)

  • TV

  • Smartphones

  • Monitor

  • Mobile computing devices

  • Projectors

  • HMD

  • Others

3D Display Regional Outlook (Revenue, USD Billion, 2014 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • India

    • China

    • Japan

  • Rest of the World (RoW)

List of Key Players of 3D Display Market
• Samsung Electronics
• LG Electronics
• Panasonic Corporation
• Sony Corporation
• Sharp Corporation
• Toshiba Corporation
• Fujifilm Holdings Corporation

Have Any Query? Ask Our Experts for More Details on Report:https://www.grandviewresearch.com/inquiry/2682/ibb

Browse Related Report @

Volumetric Display Market – https://www.grandviewresearch.com/industry-analysis/volumetric-display-market

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About Grand View Research

Grand View Research is a market research and consulting company registered in the State of California having its headquarters in San Francisco. The company offers syndicated research reports, customized research reports, and consulting services. With Grand View Research, you get an opportunity to understand market trends, insights, and business statistics from a strategic standpoint. With a deep-seated understanding of many business environments, Grand View Research offers business and market intelligence studies and accomplishes more than 300 multi-country market studies.

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Website: https://www.grandviewresearch.com/industry-analysis/3d-display-market