Global 3D Display Market valuation to exceed USD 286 billion by 2027

June 08, 2021

According to the research report titled ‘Global 3D Display Market Size study, by Product ( Volumetric display , Stereoscopic display, HMD),Technology(DLP, PDP, OLED, LED), Application (TV, Smartphones, Monitor, Mobile computing devices, Projectors devices, HMD devices, Others) and Regional Forecasts 2020-2027’, available with Market Study Report LLC, global 3D display market accrued USD 69.38 billion in 2019 and is speculated to reach USD 286.60 billion by 2027, expanding at 19.4% CAGR between 2020-2027.

Product usage for medical examination and in education sector, coupled with reducing price of electronics, and growing popularity of OLED and LED technologies are key factors stimulating global 3D display market growth.

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For the record, 3D display provides the viewer with a three-dimensional visualization and an experience of depth using 3D monitors. This technology is widely used in various fields such as photography, gaming, security, education, film, and engineering simulation.

As per the World Economic Forum, gaming market was assessed at USD 165 billion in 2020 and reported 2.7 billion gamers globally. Moreover, according to the India Brand Equity Foundation, India television industry amassed USD 9.23 billion in 2016. This valuation surged by 12.97% and reached USD 11.78 billion in 2018.

While proliferation of television, monitor, and smartphone and expanding gaming markets will aid industry expansion in the upcoming years, high manufacturing costs and accessing issues will hinder global 3D display market outlook.

Based on product gamut, the industry is bifurcated into HMD, stereoscopic display, and volumetric display. Speaking of technology, worldwide 3D display market is divided into LED, PDP, DLP, and OLED. Moving on to application scope, the industry is segmented into TV, mobile computing devices, smartphones, projector devices, monitor, HMD devices, and others.

Regionally speaking, Europe captured a significant portion of global 3D display industry share in the past year due to preference for gaming consoles with high quality specifications. Meanwhile, Asia Pacific market is projected to grow rapidly between 2020-2027 owing to growing disposable income, and launch of new gaming consoles.

Key players profiled in the report are Sony Corporation, Samsung Electronics Co. Ltd., Sharp Corporation, Panasonic Corporation, AU Optronics Corporation, Mitsubishi Electric Corporation, 3D Fusion, LG Electronics Inc., and Fujifilm Holdings Corporation.

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