3D Display Market to Reach $378.5 Billion Globally by 2030 at a CAGR of 17.6%: Allied Market Research

PORTLAND, Oregon., March 8, 2022 /PRNewswire/ — Allied Market Research has released a report titled, “3D Display Market by Type (Volumetric, Stereoscopic and HMD Display), Technology (RPTV DLP, PDP, OLED and LED), Access Method (Screen-Based Display and Micro-Display) and Application (TV, Smartphones , Monitor, Mobile Computing Devices, Projectors, HMDs and Others): Global Opportunities Analysis and Industry Forecast, 2021-2030 ». According to the report, the world 3D display industry generated $76.50 billion in 2020, and should generate $378.5 billion by 2030, with a CAGR of 17.6% from 2021 to 2030.

High adoption of 3D display in entertainment and gaming industry, increase in demand for 3D display solutions in entertainment industry and sense of depth perception drive the growth of the global market of the 3D display. However, the high cost of installing 3D display solutions and increasing health issues are hampering the growth of the market. On the other hand, the booming market for televisions, monitors, smart phones and tablets presents new opportunities in the coming years.

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Covid-19 scenario

  • The outbreak of the COVID-19 pandemic has had a negative impact on the growth of the global 3D displays market.
  • The pandemic had halted production facilities in the 3D screen industry and disrupted the supply chain, due to the lockdown being put in place.
  • However, the increase in demand for VR gaming solutions is expected to see relatively high growth in 2022.

the DIRECTED segment to maintain its leading status throughout the forecast period

Based on technology, the LED segment held the highest market share in 2020, accounting for three quarters of the global 3D display market, and is expected to maintain its leading status throughout the forecast period. LEDs are increasingly used in the displays of various gadgets such as TVs, tablets, computers and mobile phones, as they are energy efficient compared to conventional display technologies such as plasma and DLP . This makes it the largest segment of the market. Moreover, the OLED segment is expected to show the highest CAGR of 20.4% from 2021 to 2030. Indeed, OLED technology is recognized as a lighter and thinner alternative to conventional LED and LCD systems.

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The screen-based display segment to maintain its leading position during the forecast period

Based on the access methods, the on-screen display segment represented the greater share in 2020, contributing 89% of the global 3D display market, and is expected to maintain its leading position over the forecast period. This is due to several factors such as increase in 3D content, improved networks across the globe, availability of devices capable of streaming 3D content, improved consumer tastes and preferences. However, the micro-display segment is expected to show the highest CAGR of 20.0% from 2021 to 2030, driven by factors such as compactness, performance efficiency, and growing number of applications.

Asia Pacificfollowed by North Americato maintain its dominance by 2030

Based on the region, Asia Pacificfollowed by North America, held the highest market share by 2020 revenue, accounting for more than two-fifths of the global 3D display market, owing to the surge in investment by major players in 3D technology solutions. Additionally, the LAMEA region is expected to witness the fastest CAGR of 20.8% during the forecast period, attributed to the growing awareness of artificial intelligence and IoT technology.

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Main market players

  • Sony Corp.
  • Panasonic Corp.
  • LG Electronics Inc.
  • Toshiba Corp.
  • Sharp Corp.
  • 3D fusion
  • Fujifilm Corporation
  • Mitsubishi Electric Corporation
  • Samsung Electronics Co.Ltd.
  • 3DICON

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