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The 3D display market is estimated to grow at a CAGR of 17.85% between 2022 and 2027. The market size is forecast to increase by USD 92.41 billion. The growth of the market depends on several factors, including the emergence of 3D displays for automotive applications, the increasing advent of virtual reality in gaming, and the increasing adoption of 3D displays in advertisements.
This 3D display market report extensively covers market segmentation by type (screen based display and microdisplay), application (televisions, smartphones, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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The emergence of 3D displays for automotive applications is notably driving the market growth, although the high cost associated with 3D displays may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The emergence of 3D displays for automotive applications is notably driving the 3D display market growth. The adoption of 3D displays in the automotive industry has increased the demand for 3D displays in the market. 3D displays offer a more vivid and interactive user experience and are used in various automotive applications such as navigation, entertainment, and driver assistance systems. One of the main advantages of 3D displays in the automotive industry is the ability to present information in a more intuitive and natural way. In driver assistance systems, a 3D display shows the user a 3D representation of the vehicle's surroundings, providing a more accurate and detailed view of the vehicle's surroundings. 3D displays can be used to enhance the overall design and aesthetics of the user's vehicle.
The increasing adoption of 3D displays in the automotive industry is also expected to drive innovation in this field between 2023 and 2027. Additionally, companies are developing new technologies such as transparent displays that can be integrated into car windshields to display information in a more seamless and natural way. Increasing adoption of self-driving cars is also expected to boost the growth of the market during the forecast period.
Increasing usage of 3D displays in the medical industry is a key trend influencing the 3D display market growth. Medical displays are used for precise and accurate patient diagnosis. Medical displays can only display /images in 2D. However, some displays can show simulated 3D /images. Advances in technology have led to medical 3D display devices capable of providing projected 3D /images. 3D displays are used in a variety of medical applications, including diagnostic imaging, surgical planning, and training. For example, Coretec's CSpace is a 3D display that provides high-resolution full-color /images. Images can be viewed without additional visualization aids. CSpace has a 360-degree viewing angle, allowing users to see all sides of the /image. It provides true 3D /images and allows users to easily create animated and video /images.
3D technology improves surgeons' vision, shortening surgery time and preoperative preparation. Researchers use 3D displays to create virtual models of the human body and use them to study the effects of disease and treatments. This could lead to new discoveries and treatments that may improve patient outcomes. The development of 3D visual displays in the medical industry will drive demand for the next generation of 3D display systems, as 3D systems enable a better understanding of patient health and accurate diagnosis. Therefore, such factors are expected to drive the growth of the market during the forecast period.
The high cost associated with 3D displays is challenging the 3D display market growth. The high cost of 3D display devices will hamper the market expansion during the forecast period. 3D game consoles are now USD 200-USD 400, and 3D projectors are USD 1,000-USD 10,000. Currently, 3D displays are too expensive and may be out of reach for people in low-income countries. Not only are the displays expensive, but so are the connected items. 3D game consoles also add cost to purchasing new games that support 3D. Furthermore, due to the use of more complex technology, maintenance and repair costs are higher compared to standard technology.
The cost of modifying current systems to handle 3D displays is high and can increase the overall cost of deployment. The high cost of 3D displays makes it difficult for organizations and individuals to justify the purchase, making it a more affordable option for organizations to offer equivalent functionality at a lower cost. This may further reduce market demand for 3D displays. Such factors will hamper the growth of the market during the forecast period.
The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Display Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
AUO Corp: The company offers different types of 3D displays. It is also involved in the research, development, design, manufacturing, and sale of different types of flat panel displays.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The market share growth by the screen based display segment will be significant during the forecast period. Screen based displays are one of the most popular types of displays in the international market. The illusion of a 3D /image is created by this type of display using flat panel technology. Due to their low cost and compatibility with current devices, 3D displays are now being used in various industries such as entertainment, healthcare, and automotive.
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The screen based display segment was valued at USD 20.87 billion in 2017 and continued to grow until 2021. Inexpensive and widely available 3D displays will continue to dominate the market during the forecast period. However, 3D displays may face stiff competition as cutting-edge technologies such as holographic and autostereoscopic displays emerge. But screen based displays remain a viable option for many industries and are likely to continue to play an important role in the growth of the market during the forecast period.
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APAC is estimated to contribute 33% to the growth of the global 3D display market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
APAC is a very lucrative market for 3D display devices. This is due to the presence of developing countries such as China, Taiwan, and South Korea, where the consumer electronics industry is very advanced. The well-established electronics industry supply chains in APAC are expected to continue to drive the market during the forecast period. APAC is a hub for consumer electronics manufacturers such as TVs, smartphones, tablets, and wearable devices. Hence, the expansion of the consumer electronics industry in the region will increase the demand for advanced electronic devices, driving the growth of the market in the region during the forecast period.
In 2020, the COVID-19 pandemic negatively affected the growth of the market. Governments of several countries imposed lockdowns to curb the spread of the disease, which halted the production of most goods using this technology. The pandemic disrupted supply chain activities globally and reduced the demand for 3D displays in the short term. Major manufacturers stopped producing 3D displays in different countries. All these factors negatively impacted market growth in 2020. However, in 2021, demand for home appliances increased due to the start of mass vaccination campaigns and the lifting of lockdown restrictions, and industrial and business activities resumed. Moreover, changing consumer preferences and increasing household disposable income are expected to increase the demand for 3D displays. Therefore, such factors are expected to drive the growth of the market during the forecast period.
The 3D display market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
Technavio categorizes the global three-dimensional (3D) display market as a part of the global technology hardware, storage, and peripherals market within the overall global information technology market. The parent global technology hardware, storage, and peripherals market includes manufacturers of mobile phones, PCs, servers, computer parts, and peripherals. This also includes data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other peripherals. Technavio calculates the size of the global technology hardware, storage, and peripherals market by considering the revenue generated from the sale of hardware devices, equipment, and components.
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3D Display Market Scope |
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Report Coverage |
Details |
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Page number |
160 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 17.85% |
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Market growth 2023-2027 |
USD 92.41 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
17.45 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 33% |
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Key countries |
US, China, South Korea, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alphabet Inc., AUO Corp., Avalon Holographics Inc., Continental AG, Dimenco BV, FoVI3D, FUJIFILM Holdings Corp., LG Electronics Inc., Mitsubishi Electric Corp., New 3D Technologies Inc., NVIDIA Corp., Ostendo Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp., Sony Group Corp., Toshiba Corp., and VividQ Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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