3D Display Market Business Growth, Size and Comprehensive Research Study Forecast to 2028

The 3D Display Market was valued at US$ 575.09 million in 2021 to reach US$ 3,290.83 million by 2028; it is estimated to register a CAGR of 28.3% from 2021 to 2028.

The attractiveness and potential applications of 3D visualization have been driving the developments in 3D displays. Since the development of first consumer products based on stereoscopic 3D display technology such as 3D TVs and monitors by companies such as SONY and LG to current autostereoscopic 3D display solutions, the market landscape for 3D displays has been evolving continuously. The disadvantages and limited capabilities of stereoscopic 3D displays have led to discontinuation of most of these products. However, the continuous investments especially in autostereoscopic 3D display solutions and growing number of partnerships between market players and end users to develop advanced holographic and volumetric 3D display systems for a wide range of applications are factors driving the growth of the global 3D display market.

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Analysis of the Top Market Players:

1. Innolux Corporation
2. LG Electronics
3. Mitsubishi Electric Corporation
4. Panasonic Corporation
5. Samsung Group
6. Sharp Corporation
7. Looking Glass Factory Inc
8. Light Field Lab, Inc
9. Leia Inc
10. Sony Corporation

In this report, the market has been segmented on the basis of:

Type

• Stereoscopic 3D Display
• Autostereoscopic 3D Display

Technology

• Digital Light Processing
• Organic Light Emitting Diode,
• Light Emitting Diode

Application

• Consumer Electronics
• Automotive
• Medical
• Advertising
• Retail
• Military and Defense

Consumer electronics, automotive, medical, military & defense, industrial, media & entertainment, and gaming are among the key potential markets for the adoption of 3D displays. Moreover, the rising adoption of augmented reality in various medical applications to improve the vision capabilities of surgeons, decrease operation time, and pre-operative planning is creating opportunities for the 3D display market. For instance, in May 2020, Ocutrx Vision Technologies, LLC announced the development of its new surgery visualization theater, "Ocutrx OR-Bot," which is equipped with a 3D 8K display monitor to operate surgical tools.

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The COVID-19 outbreak created significant disruptions in primary industries such as automotive, retail, and consumer electronics. The sharp decline in electronics and manufacturing industries is impacting the growth of global 3D display market. The factory shutdowns, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have impacted the consumer electronics manufacturing. APAC is a crucial region in terms of manufacturing and industrial growth and any disruptions may negatively impact the growth of various industries.

The 3D displays are projected to experience continuous growth, due to the surging demand from retail and commercial industries. However, in 2020, the 3D display market experienced downfall due to the COVID-19 pandemic, as the deployment of the 3D displays have been reduced in various industries. The pandemic has majorly affected the supply chain and logistics, which has indirectly affected the demand for 3D displays. The governments of various countries of this region are taking drastic measures to reduce the effects of coronavirus outbreak by announcing lockdowns, travel and trade bans. All these measures are expected to have a negative impact on the adoption and growth of 3D display till mid-2021.

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