PUBLISHER: Markets & Data | PRODUCT CODE: 1378161
PUBLISHER: Markets & Data | PRODUCT CODE: 1378161
Global 3D display market size was valued at USD 80.26 billion in 2022, expected to reach USD 252.43 billion in 2030, with a CAGR of 15.4% for the forecasted period between 2023 and 2030.
There are several benefits of 3D Display in various industries like entertainment, medical imaging, and gaming, improving user experiences and aiding in tasks like medical diagnosis and architectural visualization. Factors driving market growth include technological advancements, rising demand for augmented and virtual reality applications, increased adoption in automotive and healthcare sectors, and the expanding use of 3D displays in education and simulations. Additionally, the appeal of 3D content and the desire for more immersive experiences continue to fuel the growth of the 3D display market.
The entertainment industry is a significant driver of the 3D display market growth by adopting 3D displays for immersive experiences in movies, gaming, and virtual reality. Demand for enhanced visual engagement in entertainment content fuels the development of advanced 3D display technologies.
For example, in January 2023, Shenzhen-based company New Vision Display (NVD) unveiled its 3D Gesture Touch sensor feature, utilizing Microchip's patented GestIC technology. The innovation enables users to engage with a device through uncomplicated hand gestures, eliminating the need for physical contact and functioning at a short distance from the screen.
The continuous increase in the usage of smartphones is propelling the growth of the 3D Display Market. This surge in usage has led to advancements in mobile 3D display technology, with manufacturers constantly striving to enhance user experiences by delivering more realistic and engaging visuals on handheld devices. As smartphones evolve and cater to consumer demands for immersive content, the 3D display market experiences sustained growth.
For example, as per bankmycell.com, as of 2023, the global count of smartphone users stands at 6.92 billion, which is approximately 85.82% of the world's population. When both smartphones and featured phones are considered, the collective number of individuals equipped with these mobiles reaches 7.33 billion, covering roughly 90.90% of the world's population.
The rising demand for digital photo frames is a major factor fueling the growth of the 3D display market. Digital picture frames with 3D display technology provide a more immersive and appealing method to display images and memories. Customers are enticed by the improved viewing experience and the potential to bring their photographs to life in three dimensions. Hence, the rise in consumer interest in digital picture frames with 3D displays drives market expansion, with the leading manufacturers creating novel and competitively priced solutions to meet this demand.
For example, The Looking Glass Portrait is currently the only commercially accessible display that can present 3D contents for both static and interactive scenarios without requiring eye tracking or glasses.
The gaming industry is poised for significant growth in the 3D display market due to its potential for immersive and visually engaging gameplay experiences. As technology advances, gamers increasingly seek realistic and three-dimensional visuals, fostering demand for 3D displays. Innovations in gaming consoles, virtual reality, and augmented reality drive the trend, offering substantial opportunities for 3D display adoption and expansion in the gaming sector.
For example, in October 2022, Acer India introduced the 'Predator Helios 300 SpatialLabs Edition,' a gaming laptop designed to provide stereoscopic 3D gaming experiences. Stereoscopic video games employ various stereo display methods to create a sense of depth for players. The laptop is equipped with 12th Gen Intel Core i9 processors and NVIDIA GeForce RTX 3080 laptop GPUs, enhancing its gaming performance in 3D display.
Asia-Pacific has emerged as a leader in the growth of the 3D display market due to several factors. It has a strong manufacturing base, particularly in countries like South Korea, Japan, and China, which has allowed for the cost-effective production of 3D display components. Additionally, increasing consumer demand for innovative entertainment experiences, coupled with government support and R&D investments, has fostered an environment favorable to 3D display market growth in the region.
For example, in January 2022, Shenzhen-based company New Vision Display (NVD) unveiled its 3D Gesture Touch sensor feature, utilizing Microchip's patented GestIC technology. This innovation enables users to engage with a device through uncomplicated hand gestures, eliminating the need for physical contact and functioning at a short distance from the screen.