3D Display Market Size, Share & Trends Analysis Report By Product (Volumetric, Stereoscopic, Head Mounted Display (HMD)), By Technology (DLP, PDP, OLED, LED), By Application (TV, Smartphones, Monitor, Mobile Computing Devices, Projectors, Head Mounted Display (HMD), Others) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global 3D display market size was valued at USD 90.44 billion in 2021 and is projected to reach USD 436.73 billion by 2030 at a CAGR of 19.12% from 2022 to 2030.

A 3D display is a technological advancement designed to provide the viewer with three-dimensional images and a sense of depth. Moreover, gaming, photography, film, education, military & defence, and engineering simulation are seeing an increase in the use of 3D display technology. Using stereopsis for binocular vision, a stereo display can also convey depth perception to the viewer. Manufacturers of consumer electronics (CEMs) are attempting to enhance the user experience by enhancing light field displays to deliver high-quality 3D data.

Market Dynamics

Drivers for the global 3d display market

• The emergence of the gaming industry is driving the market

Technology, gaming experience, and graphics have undergone significant changes in the gaming industry over the past few years. The industry is moving toward enhancing the overall gaming experience with 3D technology, which is driving market expansion. In addition, growing interest in OLED and LED technologies, which offer superior picture quality and performance compared to conventional display technologies, is anticipated to be beneficial for the market as a whole.

• Changing customer preferences is driving the market

The expansion of the high-definition technology industry has resulted from changing consumer preferences and heightened awareness of the technology. Increased adoption of digital cinema screens capable of delivering a 3D viewing experience and a growing consumer preference for 3D films are expected to drive market growth. The expanding incorporation of these displays in numerous devices such as monitors, smartphones, TVs, notebook PCs, and digital photo frames is also expected to play a significant role in the market's expansion.

Restraints for the global 3d display market

• Lack of cost-effectiveness and health hazards involved are the major hurdles for the market

Even though it is anticipated that the price of 3D displays will decrease in the future as a result of the emergence of a large number of key market players, 3D displays are currently extremely expensive. Consequently, it will be unaffordable for people in low-income nations. People who have inherited colour blindness or are incapable of binocular fusion are unable to view 3D displays. Also, consistent viewing can frequently result in headaches or eye infections, such as dry eyes, in healthy individuals, as the majority of these displays require the use of corrective lenses. In the coming years, the demand for 3D displays may decrease as a result of the aforementioned factors.

Opportunities for the global 3d display market

• Increasing disposable income will bring in new opportunities

Due to the expansion of the middle class and the improvement of living conditions, it is anticipated that emerging economies, such as India and China will experience tremendous growth in the foreseeable future. As a result of shifting consumer preferences and rising demand for high-definition graphics, sales of projectors and monitors, which are among the most important applications of 3D displays, are expected to soar in the near future. It is anticipated that high costs, a dearth of 3D content, and health-related issues such as headaches, nausea, and motion and eye disorders will inhibit the market's expansion.

Regional Analysis

During the assessment period, it is anticipated that North America will hold the largest market share for 3D displays. It is anticipated that the rapid expansion of the gaming and entertainment industries will have a positive impact on the U.S. and Canadian markets.

The escalating number of cinema screens and the burgeoning production of 3D films in the United States are two other significant factors that are likely to be positive for the market. In North America, the launch of new, cutting-edge home consoles by prominent companies is also expected to stimulate growth.

In the coming years, the Asia-Pacific 3D display market will likely be driven by the rising purchasing power of Chinese and Indian consumers. The presence of well-established film industry is yet another factor that will contribute to the expansion of the market in Asia-Pacific.

In 2010, there were approximately 10,167 single screens in India, according to the Film Federation of India (FFI). Since then, this number has increased at a rapid rate, and it is anticipated that this will be positive for the market. With the implementation of 3D displays for surgical procedures, the ongoing development of healthcare infrastructure is also anticipated to contribute to the growth in Asia-Pacific.

Segmental Analysis

This market can be segmented on the basis of application, technology, products, regions and competitors. During the forecast period, it is anticipated that the segment of stereoscopic displays will hold the largest market share under the product outlook. This is a result of its widespread use in the entertainment and gaming industries for a variety of applications, including films, animations, academics, and video games. Moreover, developments in autostereoscopic technology and decreased prices of stereoscopic products are contributing to the expansion of this market segment.

In 2021, the global market for volumetric 3D displays surpassed US$27 billion, and it is anticipated that significant growth will occur during the forecast period. These products have the capacity to generate a true 3D image, which can be viewed without the use of headgear. This is likely to increase adoption in venues such as art galleries and events.

Due to its increasing popularity in fields such as science, engineering, and medicine, the head-mounted displays (HMD) product segment is expected to record the highest CAGR of 23.7% during the same time period. Rapid technological advancements and falling prices of 3D displays are largely responsible for the segment's growth.

In 2021, the LED technology segment commanded the largest revenue share of the overall market. LED panels are widely employed as backlighting solutions to improve image quality and obtain a quick response. Multiple market participants are concentrating on the development of LED-based displays for a variety of applications, including televisions, smartphones, monitors, and head-mounted displays (HMDs). This segment, along with OLED, is poised to make inroads into DLP-based technology's market share.

During the forecast period, the OLED technology segment is anticipated to record the highest CAGR of more than 25,4 per cent. The segment's growth can be attributed to increased adoption across a variety of devices as well as enhanced image quality and performance compared to traditional displays.

In 2021, television was the most lucrative industry. A shift in consumer preference from watching movies in movie theatres to watching them at home on TVs or computers has prompted TV manufacturers to prioritise the 3D display as a product enhancement. These televisions have a greater visual impact due to their enhanced picture quality and vibrant high-end devices with premium functions. Consumer Electronics Manufacturers (CEMs) are attempting to position 3D TVs as high-end devices with premium features.

During the forecast period, the HMD segment is anticipated to grow at the highest CAGR. The increasing use of HMDs and smart glasses across a variety of applications and industries is contributing to the expansion of this market segment.

Due to the increasing incorporation of technology into mobile devices, it is anticipated that the smartphone market will grow at a CAGR of 21.8% over the same period. Changing lifestyles compel individuals to purchase high-end smartphones, which in turn is driving the adoption of 3D displays. Moreover, original equipment manufacturers (OEMs) are concentrating on 3D data visualisation solutions for mobile devices, thereby stimulating market growth.

Recent Developments

• Sharp Corporation formed a joint venture with Japan's NEC Corporation in November 2020, with Sharp acquiring 66 per cent of NEC Corporation's subsidiary, NEC Display Solutions Ltd. The subsidiary will continue to develop and produce a vast array of visual display solutions. With this joint venture, the companies intend to provide innovative and high-quality solutions to clients worldwide.
• In January of 2020, Looking Glass Factory, Inc. raised $14 million in the capital.
• In June of 2019- Leia Inc. collaborated with Continental, an original equipment manufacturer (OEM) automobile supplier, to develop the Natural 3D Lightfield Instrument Cluster, a revolutionary 3D cockpit light-field display for the automotive industry.