Market Outlook:

The anticipated 3D display market size is poised to reach USD 78.05 Billion by 2024, with a projected escalation to USD 260.7 Billion by 2032, reflecting a compound annual growth rate (CAGR) of 16.27% during the forecast period. 

3D displays are gaining momentum worldwide as people are concerned about their safety and health while cycling. The product can protect users from life-threatening injuries, bad weather, and other conditions that increase demand. The formation of smart hats with attractive features such as LED displays, waterproofing, and shock absorption is quickening the growth of the industry. For example, Zakpro launched a technology-integrated smart turn signal 3D display with features such as waterproof controls, durable batteries, and lightweight. With the increase in Mountain Bicycle production in many countries of the world, Mountain Bicycle production has also increased. Product usage is critical to business growth. For instance, statistics from September 2020's "India Today" article reveal that India's GDP is worth about $94.46 million and the country manufactures 22 million mountain bikes per year. Parents who were worried about their children's safety while riding Mountain Bicycles started smoking the substance, which sparked competition. Additionally, demand is increased for goods like skateboards and scooters that are appropriate for different activities. However, many people, especially in developed and underdeveloped countries, ignore the use of security features for the following reasons: lack of knowledge about their importance and low purchasing power hinders their growth.

Market Dynamics:

Driver:

The increasing use of 3D displays in various industries such as medical, automotive, aerospace, and defense boosts the growth of the 3D display market. Medical scans such as CT and MRI images can be seen in 3D by surgeons using 3D displays, which makes surgery more accurate and productive. To provide medical professionals and students with a safe and regulated environment in which to perform complex procedures, 3D displays can be utilized to generate realistic simulations. By combining 3D displays with ADAS capabilities, drivers can have a more thorough understanding of their surroundings, improving safety and awareness. Imagine a dashboard in an automobile where vital information, such as navigation or vehicle diagnostics, is shown in 3D, facilitating and enhancing driver comprehension. 3D displays can be used by aerospace engineers and military personnel to plan missions, see large amounts of data on the performance of aircraft or the terrain, and make better decisions.

Restraint:

The rising price of the 3D display hinders the growth of the 3D display market. The cost of today's 3D shows is regularly much more than that of earlier 2D models. Businesses and consumers who are price-conscious may find this to be a hurdle. When comparing 3D displays to regular 2D screens, more sophisticated technologies are frequently used. Specialized hardware like multilayer backlights, lenticular lenses, or eye-tracking sensors may be used for this. The cost of production goes up with the development and manufacturing of these components. In comparison to 2D displays, 3D displays are being produced at a far lower volume. Because economies of scale haven't yet materialized, the cost per unit is still expensive. Fragmentation results from the lack of a single, dominating 3D display technology. This may reduce the efficiency with which manufacturers may reduce costs and construct screens on a greater scale.

Opportunity:

The increasing number of emerging applications creates a lucrative opportunity for the growth of the 3D display market. In earlier times, 3D screens were mostly connected to entertainment, such as games and movies. However, the expansion of applications across many industries opens up new markets and sources of income for producers of 3D displays. There may be unique requirements for 3D displays in every industry. For example, the automotive industry would need ruggedized displays for in-car dashboards, while the medical business might need high-resolution displays for complex surgical procedures. This diversification makes the creation of specialist 3D displays necessary, which raises demand and expands the product line. The use of 3D displays by various businesses is expanding the capabilities of the technology. Improvements in user interaction, depth perception, resolution, and other areas might result from attending to the particular requirements of each industry.

Challenge:

To view objects at various distances, the eyes spontaneously change focus (accommodation) and inward movement (convergence). The brain can be tricked by 3D displays, making these muscles work harder to maintain a clear image, which increases the risk of headaches, eye strain, and tiredness. Flickering or image persistence problems with some 3D display technology can exacerbate eye strain and discomfort. The likelihood of experiencing eye strain from 3D displays can differ based on personal viewing habits, age, and pre-existing eye disorders. These can be the challenging factor for the 3D display market. 

Key Players:

• Sony Corp. (Japan)
• Panasonic Corp. (Japan)
• LG Electronics Inc. (South Korea)
• Toshiba Corp. (Japan)
• Sharp Corp (US)
• 3D Fusion (India)
• Fujifilm Corp (US)
• Mitsubishi Electric Corp (US)
• Samsung Electronics Co. Ltd. (South Korea)
• 3DICON (US)
• Leia Inc. (US)
• Others

Recent Development:

• In January 2023, Samsung was granted a patent for the "Three-dimensional imaging device and user interface method" by the USPTO (United States Patent and Trademark Office). The patented Samsung 3D display device can be a 3D TV or 3D monitor that can be connected to a smartphone or tablet.

• In October 2023, Leia Inc. announced that it had acquired the 3D display patent portfolio of Royal Philips by purchasing Dimenco B.V. With this strategic investment, Leia significantly strengthened its position in terms of technology and intellectual property (IP) in 3D display technology. Industry analysts consider the acquired portfolio, which contains more than 500 patents, to be among the largest and most important portfolios in 3D display technology.

Segment Insights:

By Technology

3D displays using digital light processing (DLP) are highly sought after because of their efficacy, efficiency, and versatility. DLP technology creates high-resolution 3D images inside the microscope by reflecting light using small mirrors. One of the primary elements influencing its demand is its widespread application in a range of industries, including industry, education, entertainment, healthcare, and the automotive sector. In the entertainment industry, DLP 3D displays provide immersive experiences that increase user engagement for games, movies, and augmented reality apps. In education, these instructions facilitate interactive environments, making difficult concepts easier to understand through 3D visualization. DLP 3D displays are also used in the healthcare sector for simulation and diagnosis, which makes surgical planning and diagnosis possible. In the automotive and manufacturing industries, DLP 3D displays are used for design, visualization, and simulation to improve production processes. Additionally, continuous advances in DLP technology such as higher resolution, faster response time, and lower cost are important factors in increasing demand for DLP 3D directives across the industry.

By Application

A large portion of the growth in the television market may be ascribed to the change in consumer preferences during the COVID-19 pandemic, which caused people to prefer watching entertainment on television or on a computer at home rather than going to the movies. This modification incentivizes television manufacturers to incorporate 3D screens into their devices. These TVs provide better viewing and better picture quality. The TV market is expanding due to the promotion of 3D display TVs by consumer electronics manufacturers (CEMs) as high-end devices with amazing features. The mobile phone segment is also expected to show significant growth of over 21.0% in the 3D display market. time. This change can be attributed to the intense competition among smartphone vendors to have better features to gain dominance in the smartphone market. Additionally, the mobile gaming industry continues to release games that require high-quality graphics, resulting in market growth.

Regional Insights:

Asia Pacific region holds the dominating position in the 3D display market. Advances in technology, increasing smartphone penetration, and adoption of high levels of digital services are important factors affecting the economic development of this region. Additionally, increasing international demand for video production has accelerated the adoption of stereoscopic imaging. Throughout the projection period, the industry will continue to benefit from the extensive usage of 3D display technology in gaming, entertainment, defense, and construction simulations. Also, changing customer preferences growing sales of household waste products, and cooperation with major technology companies such as Fujifilm Holdings Corp., Samsung Electronics, LG, Sony Corporation, and Panasonic Corporation have contributed to the dominance of the Asia Pacific region in the 3D display market. 

Segmentation:

By Display Type

• Full HD
• Ultra HD

By Display Size

• Below 28”
• 28” to 49”
• 50” to 65”
• 65” to 100”

By Technology

• Digital Light Processing DLP
• Plasma Display Panel (PDP)
• Organic LED (OLED)
• LED Panels
• Other Technologies

By Price

• 500 – 1,499 USD
• 1,500 – 2,499 USD
• 2,500 – 4,999 USD
• 5,000 – 9,999 USD
• Above 10,000 USD

By Application

• TV Displays
• Advertising Displays
• Mobile Devices
• Computing Display
• Other Applications

By Region

North America

• USA

• Canada

• Mexico

Europe

• France

• UK

• Spain

• Germany

• Italy

• Rest of Europe

Asia Pacific

• China

• Japan

• India

• South Korea

• Rest of Asia Pacific

Middle East & Africa

• GCC

• South Africa

• Rest of the Middle East & Africa

South America

• Brazil

• Argentina

• Rest of South America

What to Expect from Industry Profile?

1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the 3D Display market in the world.

2. Use PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global 3D Display market.

3. Leading company profiles reveal details of key 3D Display market players’ global operations, strategies, financial performance & recent developments.

4. Add weight to presentations and pitches by understanding the future growth prospects of the Global 3D Display market with forecast for the decade by both market share (%) & revenue (USD Million).

FAQ’s

1) What are the major factors driving the growth of the Global 3D Display Market?

• The increasing use of 3D displays in various industries such as medical, automotive, aerospace, and defense boosts the growth of the 3D display market. 

2) What would be the CAGR of the Global 3D Display Market over the forecast period?

• The Global 3D Display Market is poised to grow at a CAGR of 16.27% from 2024 to 2032.

3) Which region will provide more business opportunities for the growth of the Global 3D Display Market in the future?

• The Asia Pacific region is expected to create more opportunities in the market.

4) Who are the major players dominating the Global 3D Display Market?

• Sony Corp. (Japan), Panasonic Corp. (Japan), LG Electronics Inc. (South Korea), Toshiba Corp. (Japan), Sharp Corp (US), 3D Fusion (India), Fujifilm Corp (US), Mitsubishi Electric Corp (US), Samsung Electronics Co. Ltd. (South Korea), 3DICON (US), Leia Inc. (US), Others.

5) What are the segments in the Global 3D Display Market?

• By Display Type, By Display Size, By Technology, By Price, and By Application are the industry key segments considered for research study.

 6) What is the estimated market revenue for the Global 3D Display Market in 2032?

The estimated revenue for the Global 3D Display Market in 2032 is USD 260.7 billion.