NEW
YORK, July 8, 2024 /PRNewswire/ -- The
global next generation 3D display market size is
estimated to grow by USD
1.05 million from 2024-2028, according to Technavio.
The market is estimated to grow at a CAGR of 18.52%
during the forecast period. Increasing advent of VR in
gaming is driving market growth, with a trend
towards increasing usage of 3d display in medical industry.
However, high cost associated with 3d displays poses a
challenge. Key market players include Alphabet Inc., AUO Corp.,
Avalon Holographics Inc., Avegant Corp., Continental AG,
CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics
Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo
Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH,
Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp.,
Toshiba Corp., and VividQ Ltd..
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Next Generation 3D
Display Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
18.52%
|
Market growth
2024-2028
|
USD 1053
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
15.17
|
Regional
analysis
|
APAC, North America,
Europe, Middle East and Africa, and South America
|
Performing market
contribution
|
North America at
37%
|
Key
countries
|
US, China, South Korea,
Germany, and UK
|
Key companies
profiled
|
Alphabet Inc., AUO
Corp., Avalon Holographics Inc., Avegant Corp., Continental AG,
CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics
Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo
Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH,
Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp.,
Toshiba Corp., and VividQ Ltd.
|
Market Driver
Next generation 3D displays are revolutionizing the medical
industry by offering more accurate and detailed visualizations for
diagnoses and treatments. Traditional 2D medical displays have
limitations, but advancements in technology have led to the
creation of 3D display devices. One such example is CSpace by
Coretec, which provides high-resolution, full-color 3D images
inside a glass chamber. This display offers a 360-degree viewing
angle, enabling comprehensive examination of the images. The true
3D images facilitate better visual acuity for surgeons, reducing
surgery time and preparation. Researchers are also using 3D
displays to create virtual human body models for disease and
treatment studies, leading to potential new discoveries. The
benefits of 3D displays in medical applications are driving the
demand for next generation 3D display systems, making a significant
impact on patient diagnosis and treatment outcomes.
The Next Generation 3D Display Market is experiencing
significant growth, driven by major players like Samsung
Electronics and ZTE investing in panel manufacturing for advanced
8K television sets. Smart TVs with 3D
technology are becoming the new norm, with Ofcom reporting a surge
in demand. Brands like Nubia, Acer, and Asus are also jumping on
the bandwagon, releasing 3D displays for various electronic devices
such as monitors, TVs, digital photo frames, and notebook
computers. The gaming industries and VR are major adopters, with
HMD displays gaining popularity. 5G deployment is expected to
further boost this market, benefiting industrial automation and PC
gaming. Brands like Ericsson, Motorola, and the Edge 4K are also entering the fray. However,
health-related issues and highdefinition graphics standards must be
addressed to ensure visual comfort for consumers. The middleclass
population with disposable income is the primary target
demographic. The market also includes LCD, LED, OLED, and
4K displays, as well as projectors
and digital cinema screens. NFTs are also expected to play a role
in the monetization of 3D content.
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Market Challenges
- The next generation 3D display market faces significant
challenges due to the high cost of devices and associated
equipment. While 3D game consoles range from USD200 to USD400
and 3D projectors from USD1,000 to
USD10,000, affordability remains an
issue, particularly in low-income countries. The cost extends to
new 3D games for consoles and high maintenance and repair costs due
to complex technology. Modifying existing systems for 3D displays
also adds to the expense. These factors may deter potential buyers,
favoring less expensive alternatives, thereby limiting market
growth for next generation 3D displays.
- The Next Generation 3D Display Market is experiencing
significant growth, with companies like Ericsson, Motorola, and
others introducing innovative products such as the Vision Pro and
ELF-SR2. Consumer electronics, including monitors, TVs, digital
photo frames, and notebook computers, are integrating 3D technology
for enhanced user experience. Challenges include the high cost of
3D displays, the need for specialized glasses, and health-related
issues. The gaming industries and home entertainment sectors are
major drivers, with high-definition graphics and 4K becoming the norm. The middle class population
with disposable income is a key target market. Standards of living
and technological advancements continue to push the boundaries of
3D technology, with Micro OLED, stereoscopic displays, and
autostereoscopic technology leading the way. The HMD display, DLP,
PDP, and LED panels are all vying for market share, with image
quality and response time being crucial factors. The market also
includes projectors and digital cinema screens, with NFTs and video
games adding to the demand for high-definition graphics. The
challenges of implementing 3D technology in electronic devices
remain, but the potential rewards for companies that succeed are
significant.
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Segment Overview
This next generation 3d display market report extensively covers
market segmentation by
- Component
- 1.1 Consumer electronics
- 1.2 Automotive
- 1.3 Healthcare
- 1.4 Others
- Product
- 2.1 Stereoscopic display
- 2.2 Volumetric display
- 2.3 HMD
- 2.4 Others
- Geography
- 3.1 APAC
- 3.2 North America
- 3.3 Europe
- 3.4 Middle East and
Africa
- 3.5 South America
1.1 Consumer electronics- The next generation 3D
display market encompasses various consumer electronics, including
3D projectors, gaming consoles, holographic displays, smartphones,
tablets, personal computers, and TVs. These devices require
advanced and intricate electronics and technology for seamless 3D
functionality. Augmented reality (AR) and virtual reality (VR)
technologies, such as binocular vision display and light field
display, are advancing rapidly and are predicted to influence the
future of holographic displays. Companies, like Facebook with
Oculus Go and Quest, and tech giants, such as Microsoft and Google,
are investing in holographic devices. Real-world holographic
reconstruction applications and H3D projection into space via micro
displays for head-mounted displays are anticipated to fuel market
growth during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The Next Generation 3D Display Market is poised for significant
growth, driven by the increasing demand for immersive home
entertainment and advanced industrial applications. The market
encompasses various display technologies, including LCD, LED, OLED,
and 3D, with the latter gaining traction due to its ability to
provide a more realistic viewing experience. The market is not
limited to consumer electronics such as smart TVs, but also
includes industrial applications in sectors like automation and 5G
deployment. High-definition graphics, visual comfort, and
health-related issues are key considerations in the development of
these displays. The market is also influenced by trends in PC
gaming, VR, and NFTs, as well as the growing disposable income and
middleclass population, particularly in emerging markets. Standards
of living and regulatory bodies like Ofcom play a role in shaping
the market, while companies continue to innovate and invest in
research and development to meet consumer demands.
Market Research Overview
The Next Generation 3D Display Market is experiencing
significant growth due to advancements in 3D technology, 5G
deployment, and increasing disposable income among the middleclass
population. This market encompasses various electronic devices,
including monitors, TVs, digital photo frames, notebook computers,
projectors, and industrial automation applications. High-definition
graphics, such as 8K and 4K, are driving demand for 3D displays in home
entertainment and consumer electronics. Health-related issues and
visual comfort are becoming essential considerations in the design
of 3D displays, with autostereoscopic technology and HMD displays
offering solutions. The gaming industries and academics are also
embracing 3D displays for immersive experiences in video games,
movies, animations, and VR applications. 3D technology is not
limited to LCD, LED, and OLED panels. Micro OLED and stereoscopic
displays are gaining popularity in niche markets, such as digital
cinema screens and PC gaming. HMS Networks and Ericsson are among
the companies contributing to the development of industrial
automation applications using 3D displays. Standards of living and
the middleclass population's increasing standards are fueling the
demand for high-quality 3D displays. NFTs and the growing
popularity of NFTs in art and collectibles are also expected to
contribute to the market's growth. Key players in the market
include Samsung Electronics, ZTE, Nubia pad 3D, Acer, Asus,
Motorola, and the Edge 40, among others. The market is expected to
continue growing, with innovations in 3D technology and the
increasing adoption of 5G set to drive demand.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Component
-
- Consumer Electronics
- Automotive
- Healthcare
- Others
- Product
-
- Stereoscopic Display
- Volumetric Display
- HMD
- Others
- Geography
-
- APAC
- North America
- Europe
- Middle East And Africa
- South America
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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