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Wednesday, August 30, 2023

Lucintel Forecasts 3D Display Market to Reach $249.4 Billion by 2028

According to the recent study the 3D display market is projected to reach an estimated $249.4 billion by 2028 from $108.6 billion in 2023, at a CAGR of 18.1% from 2023 to 2028. Growth in this market is primarily driven by growing demand for 3D technologies designed for the gaming industry and home entertainment coupled with increasing penetration of 3D displays in the healthcare industry for medical imaging, and for advanced driver assistance systems (ADAS) and in-car entertainment systems in the automotive industry.

A more than 150–page report is developed to understand trends, opportunities and forecast in 3D display market by product (volumetric display, stereoscopic display, and HMD (head mounted display)), technology (digital light processing (DLP), plasma display panel (PDP), organic light-emitting diode (OLED), and light emitting diode (LED)), application (televisions, smartphones, monitors, mobile computing devices, projectors, and head mounted display (HMD), and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).

“Stereoscopic display market is expected to remain the largest segment during the forecast period.”

Based on product, the 3D display market is segmented into volumetric display, stereoscopic display, and HMD (head mounted display). Lucintel forecasts that the stereoscopic display market is expected to remain the largest segment due to growing adoption of these display in the gaming and entertainment industries for various applications, such as academics, movies, animations, and video games.

“Within the 3D display market, the television segment is expected to remain the largest application.”

Based on application the television segment is expected to witness the highest growth over the forecast period due to increasing consumer’s inclination from theaters towards TVs or computers post COVID-19 pandemic, owing to better visualization impact and enhanced picture quality.

“Asia pacific will dominate the 3D display market in near future.”

APAC is projected to remain the region with the highest growth over the forecast period due to significant growth in the entertainment and gaming industries, especially in Japan, China, and India, along with increasing purchasing power of consumers in this region.

Major players of 3D display market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. AUO Corporation, BOE Technology Group, Innolux Corporation, Japan Display, LG Electronics, SAMSUNG, SHARP CORPORATION, Sony Corporation,Truly Semiconductor, and Coretec Group are among the major 3D display providers.

This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.com.

About Lucintel

At Lucintel, we offer solutions for you growth through game changer ideas and robust market & unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.

Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email:
roy.almaguer@lucintel.com
Tel. 972.636.5056 

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