3D Display Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Next Generation 3D Display Market Analysis

The next-generation 3D display market was valued at 98.22 billion in the previous year and is expected to grow at a CAGR of 16.5 % during the forecast period to become USD 572.25 billion by the next five years. The emphasis on developing multi-user displays and, in particular, using the refractive optics approach by the majority of companies, such as Samsung Electronics, Nvidia, Microsoft, etc., is also boosting the growth of the market.

• The continuous development in panel manufacturing, the introduction of 8K television, and the increasing emphasis on visual comfort are some of the factors driving the growth of the market. The increase in smart TV use throughout the globe drives market growth. According to Ofcom, in the last year, 67% of homes in the UK owned a Smart TV.
• For the purpose of gaining an competitive advantage on the market, some companies have already incorporated glassless 3D into their products. For instance, in March 2023, ZTE, a China-based tech company, announced introducing of its latest innovation, the Nubia pad 3D, which offers glass-free 3D visuals. This tablet features a 12.4-inch LCD screen with a native resolution of 2560x1600px with a 120Hz refresh rate and 16:10 aspect ratio. Furthermore, brands like Acer and Asus have already announced laptops with glass-less 3D technology.
• Moreover, the growth in the 5G deployment in industries as part of industrial automation also contributes to developing a connected ecosystem where 3D-displayed smartphones and computers play a vital role. According to HMS Networks, the industrial automation networking market grew by 6% in 2021, with wireless waiting for 5G in factories.
• PC gaming has become a favorite choice among millennial gaming enthusiasts. This shift is primarily due to multiple factors, such as the quality of gameplay, availability of high-end software and hardware, and improved internet bandwidth. Newer exciting, and demanding technology, such as VR and 3D displays, are available today. As a result, PC gamers are expected to upgrade their equipment accordingly, which is also one of the reasons for helping to drive the sales of gaming-specific PCs and accessories such as gaming screens.
• Moreover, the high cost of assembling 3D display devices is restraining the market growth. The procedure entails the production and construction of novel technologies, which could prove to be financially burdensome for smaller enterprises. Moreover, the pricing may appear expensive for consumers in less developed countries, constraining the expansion of the market.
• Demand for smartphones, televisions and similar ancillary consumer electronics declined during the first phase of COVID as a consequence of consumers' delays in spending on products which had affected the 3 19 display market. Demand for consumer electronics products, on the other hand, had grown following the lifting of restrictions as a result of Internet training and working from home.

Next Generation 3D Display Market Trends

Consumer Electronics to Provide Growth Opportunities

Next Generation 3D Display Industry Segmentation

3D display provides three-dimensional visualization technology that can provide efficient tools to visualize and understand complex high-dimensional data and objects and a sense of depth to the viewer. It is an emerging technology increasingly adopted in various fields such as automotive, video, defense, and engineering simulation. 3D display is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience.

Next Generation 3D Display Market has been segmented by Product (3D Holographic Display, Head Mounted Displays (HMD), Static Volume Displays), Technology (Light Emitting Diode (LED), Organic Light Emitting Diode (OLED), Plasma Display Panel (PDP)), Access Method (Micro Display, Conventional/Screen Based Display), End-User Industry (Consumer Electronics, Automotive and Transportation, Medical), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.