Increasing emphasis on improving air traffic control could boost the 3D display market over the forthcoming years. 3D visualization offers highly precise data and enhanced awareness regarding the position of aircraft. The technology is also gaining traction in the entertainment sector given to robust demand for television sets that offer realistic viewing experience. Advent of streaming services like Hotstar, Hulu and Netflix have supported the development of 3D web series and movies.
Meanwhile, the emergence of Augmented Reality and Virtual Reality (AR/VR) technology in the gaming sector has proliferated the demand for 3D gaming consoles, 3D display projectors and head-mounted displays. Various video game developers like Rockstar Games, Oculus, and Nintendo are introducing new 3D games to provide a more immersive experience for gamers.
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In terms of segmentation by product, the global 3D display market from the volumetric display segment held nearly 5% market share in 2019 and is poised to depict a CAGR of 30% through 2026. The segmental growth can be credited to its rapid deployment in various industries including gaming, entertainment, and medical imaging.
The advantages of using volumetric displays include the delivery of high-end characteristics such as viewing the angle, motion parallax, & exact focal-depth of real-world objects. This has positively influenced various companies to adopt 3D volumetric displays to create a new dimension in the gaming sector, thereby adding impetus to the 3D display market dynamics across the globe.
With regards to the technology spectrum, the Digital Light Processing (DLP) segment held a market share of 25% in 2019, driven by the mounting implementation in home theaters, cinema hall projectors, commercial entertainment, and other applications.
Rising acceptance of DLP chips can be attributed to its ability to reduce gaps between the pixels, providing an opportunity for the market to grow exponentially over the estimated timeline.
Moreover, the OLED technology segment is likely to remain prominent in years ahead, as it offers distinctive features such as high contrast ratio and wide-angle view. The introduction of the foldable OLED display, 3D sensing, and virtual reality is slated to proliferate the global 3D display market share over the projected timeline.
Based on application, the monitor segment is set to exhibit a growth rate of around 27% through 2026, due to the vast 3D display monitor adoption in the medical and healthcare sector.
3D display monitors are integrated with ultrasound images, MRI scans, X-rays, and other medical imaging devices to develop the visual representations of the interior of the body for medical intervention and clinical analysis of complex diseases.
Furthermore, these monitors are widely used in medical surgeries to analyze the internal tissues’ anatomy and ensure high accuracy & precision.
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On the regional front, the Europe 3D display market accounted for a market share of over 20% in 2019 and is projected to register a nearly 25% growth rate through 2026, as a result of the accelerating automotive OEM presence in the region, such as Audi, BMW Group, and PSA Group, that integrate these stereo displays to deliver enhanced viewing experiences.
The competitive landscape of the market comprises of companies such as Samsung Electronics Corporation, Universal Display Corporation, AU Optoelectronics, Sony Corporation, Panasonic Corporation, and LG Corporation.
Major Key Points from Table of Content:
Chapter 5. 3D Display Market, By Product
5.1. Key trends, by product
5.2. Volumetric display
5.2.1. Market estimates and forecast, 2016 - 2026
5.3. Stereoscopic display
5.3.1. Market estimates and forecast, 2016 – 2026
5.4. Head-mounted display (HMD)
5.4.1. Market estimates and forecast, 2016 - 2026
Chapter 6. 3D Display Market, By Technology
6.1. Key trends, by technology
6.2. Digital Light Processing (DLP)
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. Plasma Display Panel (PDP)
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. Organic Light Emitting Diode (OLED)
6.4.1. Market estimates and forecast, 2016 - 2026
6.5. Light Emitting Diode (LED)
6.5.1. Market estimates and forecast, 2016 - 2026
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