“Based on the application, the HMD segment dominated the global 3D display market in 2017, in terms of revenue. In addition, the TV segment is expected to lead the market throughout the forecast period. At present, Asia Pacific is the leading revenue contributor, and is expected to garner the highest revenue in the global 3D display market during the forecast period, followed by Europe, Asia-Pacific, and LAMEA.”
According to a recent report published by Market Decipher, titled, “3D Display Market Revenue, Sales Volume & Trend Forecast Report, 2019-2026" the global 3D Display market was valued at around $XX million in 2019, and is projected to reach $206 billion by 2026, growing at a CAGR of 18% from 2019 to 2026.
3D display provides an immersive 3D viewing experience to the viewers. It is an emerging technology that locates its comprehensive applications in gaming, education, defense, photography, video, and engineering simulation. However, the high cost of the 3D display is expected to restrict market growth. Similarly, the lack of 3D content will have an adverse effect on the 3D display market. Further, the exponentially expanding size of monitor, smart-phone, TV, and tablets market is likely to open key opportunities for the 3D display market.
Factors such as increasing adoption of this display in the gaming and entertainment sector and growing demand for better viewing experience among consumers is driving the growth of 3D display market. Besides, surging demand for 3D technology in several industries is anticipated to boost the 3D display market growth. Furthermore, the robust growth of the gaming and entertainment industries in developing countries holds a remarkable growth opportunity for the key players operating in the market. However, major accessing and health-related issues are expected to act as the major hurdles in the growth of the 3D display market.
By product outlook, the 3D display market has been segmented as the stereoscopic, volumetric and head-mounted display. Of which, the stereoscopic 3D display has garnered considerable market revenue in recent years. Also, major technologies that are used in the 3D display market are DLP, OLED, LED and PDP. Of which, LED technology is projected to register significant market revenue at a CAGR of 27.5 % in the years to come. Further, major application areas of 3D display are monitor, TV, smartphone, projections, mobile computing devices, HMDs, and others. Whereas, the TV segment, exhibited a faster growth, with 75% of the overall market revenue in recent years. After TV, mobile segment garnered notable revenue in 2016.
Asia-Pacific has been dominating the market for 3D display in terms of revenue since 2018. Intense competition among industry players in this region is responsible for the generation of the highest revenue by this region. Being the hub of 3D devices market, the Asia-Pacific region will continue to grow exponentially during the forecast period. Also, the increasing demand for consumer electronics and the availability of cheap labor in this region is expected to open lucrative opportunities for market growth. Additionally, the presence of a large number of industry players in North America is playing a vital role in driving market shares.
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