As per the report titled ‘Global 3D Display Market Size study, by Product ( Volumetric display , Stereoscopic display, HMD),Technology(DLP, PDP, OLED, LED), Application (TV, Smartphones, Monitor, Mobile computing devices, Projectors devices, HMD devices, Others) and Regional Forecasts 2020-2027’, available with Market Study Report, global 3D display market was valued USD 69.38 billion and is projected to showcase a CAGR of 19.4% over 2020-2027, subsequently reaching USD 286.6 billion by the forecast period end.

 

As per the research findings, declining prices of electronic products, escalating demand for 3D screens for medical examination, escalating demand in education sector, and rising inclination towards LED and OLED technologies are promulgating global 3D display market growth. However, high manufacturing costs are negatively impacting the industry dynamics.

 

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Notably, 3D display offers a three-dimensional visualization to the spectator, as well as a sense of depth with a 3D monitor. It’s scope is broadening across various industries for several applications such as gaming, filmmaking, photography, engineering simulation, and security.

 

For the record, the World Economic Forum claims that the gaming industry garnered revenues worth USD 165 Billion in 2020, with 2.7 billion gamers worldwide.  Whereas, IBEF India's television industry jumped from USD 9.2 billion in 2016 to USD 11.78 billion, indicating a 12.87% growth. Similar trends in other end user industries will likely augment the overall industry remuneration scope in the ensuing years.

 

Considering the geographical bifurcation, key contributors to worldwide 3D display industry are North America (United States, Canada), Europe (France, Italy, Germany, Spain, Italy), Asia Pacific (China, India, Japan, South Korea, Australia), and Latin America (Brazil, Mexico).

 

Expert analysts state that Europe holds a coveted position in the industry owing to surging demand for 3D displays and gaming systems with top-end specifications. Meanwhile, Asia Pacific industry is touted to show stellar growth in the forthcoming years due to increasing per capita income, increasing demand for consumer electronics amid the pandemic, and launch of new gaming consoles in the region.

 

Elaborating on the competitive landscape, Sony Corp., Sharp Corp., Samsung Electronics Co. Ltd., Panasonic Corp., Mitsubishi Electric Corp., LG Electronics Inc., Fujifilm Holdings Corp., 3D Fusion, Coretec Group, and AU Optronics Corp. are top contenders in global 3D display market sphere.