3D Display Market Size Is Poised To Reach 3.13 Billion By 2030: Grand View Research Inc.Posted by Mrudula Anil Karmarkar on May 23rd, 2024 San Francisco, 23 May 2024: The Report 3D Display Market Size, Share & Trends Analysis Report By Product (Volumetric Display, Stereoscopic Display, Head Mounted Display), By Technology, By Application, By Region, And Segment Forecasts, 2023 - 2030 The global 3D display market size is expected to reach USD 413.13 billion by 2030, registering a CAGR of 19.0% from 2023 to 2030, according to a new study by Grand View Research, Inc. The gaming industry has enhanced the complete gaming experience using 3D technology, which drives market growth. Moreover, rising interest in LED and OLED technologies offering better picture quality and performance than traditional display technologies will also result in market development. Additionally, surging demand for enhanced imaging and viewing experience is estimated to be one of the key trends augmenting the market. The rising use of 3D technologies across a variety of applications in several industries is further expected to boost market growth. Asia-Pacific is estimated to witness significant growth and become the highest revenue-generating regional market by 2030. Robust growth of the gaming and entertainment industries, especially in China, India, and Japan is poised to play a vital role in accelerating the adoption rate during the forecast period. The presence of major OEMs is contributing significantly to regional growth. Stereoscopic 3D products are useful in numerous applications including TVs, smartphones, tablets, and computers. Key players in the market have introduced compatibility in Head-Mounted Displays (HMD) with minimum hardware requirements. Multinational conglomerates such as Sony and Samsung prominently operate in the business of HMD. Emerging display technologies such as OLED are expected to gain market penetration during the forecast period due to the increasing implementation in several devices, thereby offering improved picture quality and performance. Moreover, the lack of compatible content and the high cost of these products are expected to impede the overall market growth. However, Emerging economies, such as India, are expected to experience high growth throughout the forecast period, attributed to the middle-class population's increasing base and enhanced living standards. The major applications of 3D Displays, monitors, and projectors are expected to record a sharp rise in sales shortly, owing to varying consumer preferences and pouring demand for HD graphics. Request sample report of 3D Display Market@ https://www.grandviewresearch.com/industry-analysis/3d-display-market/request/rs1 Increasing demand for 3D technology designed for gaming industries and home entertainment is among the major factors driving the growth of the 3D display market. The 3D display market is expected to increase significantly during the forecast period owing to the declining prices of electronic devices and the increasing disposable income of individuals globally. The gaming industry has seen significant shifts in the gaming experience, technology, and graphics during the past few years. The industry is moving toward improving the full gaming experience with 3D technology, accelerating 3D display market growth. In addition, rising interest in LED and OLED technologies that offer superior performance and picture quality compared to traditional display technologies is expected to help the overall market. 3D Display Market Report Highlights
Companies in the 3D display market are coming up with new technologies for attracting customers enabling them to gain better traction in the market. For instance, in May 2022, Sony Corporation teamed up with Theta Labs, Inc. (U.S. based Software Company) to launch 3D NFTs, with its design will be compatible with the Spatial Reality Device (SRD) technology of Sony Corporation. The major highlight of the product is its ability to sync an image to be compatible with the user's eye movement for creating 3D effects. The growing incorporation of these displays in various devices such as smartphones, monitors, notebook PC, TVs, and digital photo frames is also in a position to play a vital role in the growth of the 3D display market. During the initial phase of COVID-19, demand for smartphones, televisions, and similar non-essential consumer electronics witnessed a decline, attributed to consumers' delayed spending on products, which had affected the 3D display market. However, with post lifting of the restrictions, demand for consumer electronic products had increased owing to the online classes and working from home. 3D Display Market Report Scope
Emerging economies involving India and China are expected to experience remarkable growth in the forecast period due to the extended base of the middle-class population and increasing standards of living. Projectors and monitors, amongst the key applications of 3D displays, are anticipated to register a sudden increase in sales shortly due to shifting consumer preferences and rising demand for the high-definition graphics. High cost, combined with a lack of 3D content and health-related issues, including nausea, motion, eye disorders, and headaches, is expected to hinder the 3D display market growth. List of Key Players in 3D Display Market
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