Enjoy complimentary customisation on priority with our Enterprise License!
The next generation 3D display market size is projected to increase by USD 1.05 billion with growth at a CAGR of 18.52% between 2023 and 2028. The Next Generation 3D Display market is experiencing significant growth, driven by several key factors. One of these factors is the increasing adoption of Virtual Reality (VR) technology in gaming, which necessitates advanced 3D displays to provide immersive experiences for users. Another factor is the emergence of 3D displays in the automotive industry, enhancing driver experience and safety through realistic visualizations of the road and surroundings. Lastly, the marketing sector is also embracing 3D displays for advertisements, offering consumers a more engaging and memorable brand experience. These trends are expected to fuel the market's expansion in the coming years.
The market growth and forecasting report includes key player's detailed analyses of the competitive landscape of the market and information about key companies, including Alphabet Inc., AUO Corp., Avalon Holographics Inc., Avegant Corp., Continental AG, CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp., Toshiba Corp., and VividQ Ltd.
For More Highlights About this Report, Download Free Sample in a Minute
Companies 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.
Avalon Holographics Inc. - The key offerings of the company include next-generation 3D displays.
Market analysis and report of qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market share growth by the consumer electronics segment will be significant during the forecast period. 3D projectors, 3D gaming consoles, holographic displays, smartphones, tablets, personal computers, and TVs with 3D features are some examples of consumer electronics in the worldwide
Get a glance at the market contribution of various segments Download the PDF Sample
The consumer electronics segment was valued at USD 159.2 million in 2018. Augmented reality (AR) is gradually emerging alongside the rapid development of virtual reality (VR). By analogy with the future of VR and AR technology based on binocular vision display and light field display, the future of holographic display is predicted, creating growth opportunities in the consumer electronics industry. For example, Facebook introduced VR by releasing the Oculus Go and Quest, a standalone and tethered headset.
HMDs are wearable devices that display visual information directly in front of the eyes of the user. They are typically worn on the head and can include features such as built-in cameras, sensors, and other technologies enabling the device to interact with the user and its environment. HMD uses AR (augmented reality) or VR (virtual reality) technology to create an immersive experience for the user. HMDs are popular in video games because they improve the gameplay experience which will propel the market growth.
For more insights on the market share of various regions Download PDF Sample now!
North America is estimated to contribute 37% to the growth of the global market during the forecast period. Technavio's analysts have provided extensive insight into the market forecast, detailing the regional trends and drivers influencing the market's trajectory throughout the forecast period.
The Next Generation 3D Display Market is experiencing significant growth due to advancements in high-definition graphics and technology. HD technology, such as digital cinema screens and HMD displays, is revolutionizing the way we experience movies, animations, and video games. Micro OLED and stereoscopic displays, utilizing autostereoscopic technology, offer improved image quality and response time. Health-related issues, including eye strain and fatigue, are being addressed through these innovations. Autostereoscopic technology, including DLP and PDP displays, as well as LED panels, are becoming increasingly popular in various industries, including academics, gaming, and digital cinema. The integration of these technologies is providing users with immersive experiences, enhancing the overall value proposition.
The market is witnessing exponential growth driven by advancements in panel manufacturing and display technologies like 8K television and OLED screens. Consumer demand for visual comfort and immersive experiences, especially in smart TVs and VR applications, is skyrocketing. Companies like Samsung Electronics, ZTE, and Acer are leading innovators in this sector, integrating 5G deployment for seamless connectivity and industrial automation for enhanced productivity. HMS Networks facilitates integration across electronic devices, catering to diverse needs from home entertainment to PC gaming. With rising disposable income and NFTs shaping new digital landscapes, the market is poised for further expansion among the middle-class population seeking elevated standards of living. This dynamic landscape underscores a pivotal moment in the convergence of technology and consumer preferences. Our researchers analyzed the market research and growth data with 2023 as the base year, along with the key market growth analysis, trends, and challenges. A holistic analysis of drivers, trends, and challenges will help companies refine their marketing strategies to gain a competitive advantage.
The emergence of 3D displays for automotive applications is notably driving market growth. Displays offer a more vivid and interactive user experience and are employed in a range of automobile applications like navigation, entertainment, and driver assistance systems. One of the key benefits of 3D displays in the automotive industry is that they can provide a more intuitive and natural way of displaying information. For example, in a navigation system, a 3D display can show a map of the area, providing a more realistic and detailed view of the surrounding area.
Additionally, 3D displays can be used to enhance a car's overall design and aesthetics. 3D displays can be used to create a more immersive and engaging user experience in the car, such as by displaying virtual reality content or augmented reality information. Increasing the adoption in the automotive industry is also expected to drive innovation in the field. Furthermore, companies are also developing new technologies such as transparent displays, which can be integrated into the windshield of a car, providing a more seamless and natural way of displaying information. Therefore, such factors will boost the market growth during the forecast period.
The increasing usage of 3D displays in the medical industry is an emerging trend in the market. Medical displays are used for precise and accurate patient diagnoses. Medical displays can only showcase images in 2D. However, some displays can showcase simulated 3D images. Technological developments have led to the development of 3D medical display devices that can provide 3D projected images.
3D displays are being used in a wide range of medical applications, including diagnostic imaging, surgical planning, and training. 3D technology improves surgeons' visual acuity and reduces surgery time and pre-operative preparation. Researchers are using 3D displays to create virtual models of the human body that can be used to study the effects of diseases and treatments. This can lead to new discoveries and treatments that can improve patient outcomes. The development of 3D visual displays in the medical industry will fuel the demand for next-generation 3D display systems, as 3D systems can better understand patients' medical conditions, enabling accurate diagnosis. Thus, such factors are expected to drive global market trends during the forecast period.
The high availability of substitutes for 3D displays can hinder the growth of the global market. Substitutes, such as traditional two-dimensional (2D) displays and VR or AR technology, can provide similar functionality at a lower cost. This can make it difficult for 3D displays to compete in the market, especially when it comes to price. VR and AR technology can also provide an immersive experience, similar to what 3D displays offer and which can be more engaging than traditional 2D displays.
Additionally, the lack of standardization in the displays also affects the market growth. Many different types of 3D displays are available, each with its advantages and disadvantages. This can make it difficult for businesses and individuals to determine which type of display is best for their needs, further decreasing the demand and affecting market growth. In conclusion, the availability of substitutes, such as traditional 2D displays and VR and AR technology, can hinder the growth of the global market during the forecast period.
The market forecasting report includes the adoption lifecycle of the market research and growth, 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 market growth and trends strategies.
Global Market Customer Landscape
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
You may also be interested in:
3D Display Market - 3D Display Market by Type, Application, and Geography - Forecast and Analysis
3D and 4D Technology Market - 3D and 4D Technology Market by Solution, End-user, and Geography - Forecast and Analysis
3D Imaging Market - 3D Imaging Market by End-user, Application, and Geography - Forecast and Analysis
The market is evolving rapidly with innovations from leaders like Samsung Electronics and Asus, advancing panel manufacturing for stunning 8K television and smart TV experiences. Enhancing visual comfort, devices such as the Nubia pad 3D and Vision Pro utilize cutting-edge LCD and HMD display technologies. Companies like ZTE and Acer are at the forefront, integrating 5G deployment to support seamless connectivity across notebooks, monitors, and digital photo frames. Ericsson's ELF-SR2 and Motorola's Edge 40 contribute to the ecosystem, catering to diverse applications from gaming industries to notebook PCs. As consumer demand grows, driven by advancements in LCD and OLED screens, the market is poised to redefine immersive digital experiences and connectivity standards, aligning with regulatory guidelines set by Ofcom.
Market Scope |
|
Report Coverage |
Details |
Page number |
182 |
Base year |
2023 |
Historic period |
2018 - 2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 18.52% |
Market growth 2024-2028 |
USD 1.05 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.17 |
Regional analysis |
APAC, North America, Europe, Middle East and Africa, and South America |
Performing market contribution |
North America at 37% |
Key countries |
US, China, South Korea, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alphabet Inc., AUO Corp., Avalon Holographics Inc., Avegant Corp., Continental AG, CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp., Toshiba Corp., and VividQ Ltd. |
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 |
Customization purview |
If our market 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 Component
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.