The Global 3D Display Market Growth, COVID-19 Impact and Forecast (2021-2025)
The global 3D display market is segmented on technology type as plasma display panels, organic LEDs, digital light processing and LED; based on applications as TV, Smartphone, monitor, mobile computing devices, projectors, HMD, and others; based on geography as APAC, Europe, North America, and ROW.
Introduction
The 3D display is a three-dimensional visualization that displays images with depth perception with the help of a holographic, volumetric multi-view or stereoscopic display. They are also known as a stereo displays.
The 3D display technologies provide different viewing experiences and generally do not require specialized glasses or viewing instruments to be provided to the viewer. These technologies enable users to visualize the 3D experience through their naked eyes.
It is one of the new developments in the electronic industry as it offers a very immersive 3D viewing experience.
The most notable difference to real 3D displays is that the observer's head and eyes movements will not increase information about the 3-dimensional objects being displayed. For example, holographic displays do not have such limitations.
Similar to how in sound reproduction it is not possible to recreate a full 3-dimensional sound field merely with two stereophonic speakers, it is likewise an overstatement of the capability to refer to dual 2D images as being "3D". The 3D display is a three-dimensional visualization that displays images with depth perception with the help of a holographic, volumetric multi-view or stereoscopic display. They are also known as a stereo displays.
Table of Contents
Market Overview
The global 3D display market is expected to grow to $205.92 billion by 2025 at a CAGR of 19.90%.
Within Europe, which continues to remain an essential element in the world economy, Germany will witness a decline of US$635.5 Million in the next 5 to 6 years.
The COVID-19 episode has stopped a few assembling plants worldwide, significantly the customer hardware and auto areas. The global 3D display market is expected to grow to $205.92 billion by 2025 at a CAGR of 19.90%.
Key Trends
The industry is expected to gain significant traction in the near future with the declining price of electronic devices, coupled with the increasing disposable income of individuals globally.
Surging demand for enhanced imaging and viewing experience is estimated to be one of the key trends augmenting the market.
Key Market Players
The market is dominated by global vendors Samsung Electronics, LG Electronics, Panasonic Corporation, Sony Corporation, Sharp Corporation, and Fujifilm Holdings Corporation.
Growth Drivers and Challenges
The factors affecting the growth of the global 3D display market are the advancement of display technology, the increasing adoption of 3D displays by consumer electronics manufacturers, the growing demand for 3D production in the entertainment industry such as games, and the appearance of 3D channels in recent years.
High cost, coupled with lack of 3D content and health-related issues such as headaches, nausea, and motion and eye disorders, is anticipated to hinder the market growth.
Market growth is limited by a lack of interoperability between stakeholders involved in the supply chain.
The COVID-19 outbreak has halted several manufacturing plants worldwide, majorly the consumer electronics and automotive sectors. A decline in the buying power of consumers for luxury products has restrained the production activities of various major players, thereby hampering the demand for 3D displays.
Furthermore, the pandemic has also restrained research & development initiatives in the industry owing to lack of workforce and disruption in raw material supplies.