3D Display Market Size & Share Trends Analysis Report By Product, By Technology (LED, OLED, PDP), By Application, By Region, And Segment Forecasts, 2022 - 2030

Report Overview

The global 3D display market size was valued at USD 90.67 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 19.3% from 2022 to 2030. Surging demand for 3D technology in the home entertainment and gaming industries is projected to be one of the key trends fueling product sales. The industry is expected to gain significant traction in the near future with the declining price of electronic devices, coupled with the increasing disposable income of individuals globally. In the initial phase of the pandemic, the demand for televisions, smartphones, and other non-essential consumer electronics witnessed a significant decline as consumers delayed spending on such products, which also affected the display market. However, as the lockdown restrictions were lifted, demand for consumer electronic products like televisions, smartphones, laptops, and computers saw a rise due to online schooling and work from home.

The gaming industry has witnessed significant changes over the past few years in terms of technology, gaming experience, and graphics. The industry is moving toward enhancing the complete gaming experience with 3D technology, which in turn, is stimulating market growth. In addition, growing interest in OLED and LED technologies, which offer improved picture quality and performance compared to traditional display technologies, is anticipated to benefit the overall market.

Evolving consumer preferences and awareness regarding high-definition technology has resulted in the expansion of the industry. The increasing adoption of digital cinema screens capable of delivering a 3D viewing experience and growing consumer inclination toward 3D movies are estimated to augment the market. The burgeoning incorporation of these displays in numerous devices such as monitors, smartphones, TVs, notebook PC, and digital photo frames is also poised to play a pivotal role in the growth of the market.

Emerging economies including India and China are likely to experience tremendous growth in the forecast period owing to the widening base of the middle-class population and improving standards of living. Projectors and monitors, which are among the key applications of 3D displays, are expected to register a sharp rise in sales in the near future owing to changing consumer preferences and surging demand for high-definition graphics. High cost, coupled with a lack of 3D content and health-related issues such as headaches, nausea, and motion and eye disorders, is anticipated to hinder the market growth.

Product Insights

The stereoscopic displays segment is estimated to hold the largest market share throughout the forecast period. This can be attributed to widespread use in the entertainment and gaming industries for a range of applications such as movies, animations, academics, and video games. Furthermore, advancements in autostereoscopic technology and reduced costs of stereoscopic products are contributing to the growth of the segment.

The global volumetric 3D display market surpassed USD 27.0 billion in 2021 and is projected to witness noteworthy growth over the forecast period. These products possess the ability to generate a true 3D image, which can be viewed by users without a headgear. This is poised to fuel adoption in events, art galleries, and others.

The head mounted displays (HMD) product segment is likely to register the highest CAGR of 23.7% during the same period, owing to its growing popularity in sectors such as science, engineering, and medicine. The growth of the segment can be attributed to rapid technological advancements and declining prices of 3D displays.

Technology Insights

The LED technology segment accounted for the leading share of the overall market revenue in 2021. LED panels are widely used as backlighting solutions in order to enhance image quality and get a fast response. Several market players are focusing on the development of LED-based displays for numerous applications, including TVs, smartphones, monitors, and HMDs. The segment, along with OLED, is poised to make inroads in the shares of DLP-based technology.

The OLED technology segment is likely to exhibit the highest CAGR of over 25.4% during the forecast period. The growth of the segment can be attributed to increasing adoption across various devices and improved picture quality and performance compared to traditional displays.

Application Insights

TV was the largest revenue segment in 2021. A shift in consumer preference from watching movies at theatres to watching them at home on TVs or computers has encouraged TV manufacturers to focus on the 3D display as a value addition to their products. These TVs render a better impact on visualization, offering improved picture quality, and vibrant high-end devices with premium features. Consumer Electronics Manufacturers (CEMs) are trying to position 3D-based TVs as high-end devices with premium features.

 The HMD segment is projected to expand at the highest CAGR during the forecast period. The increasing use of HMDs and smart glasses across a variety of applications in various industries is supplementing the growth of the segment.

The smartphone segment is expected to post a CAGR of 21.8% during the same period, owing to the rising incorporation of technology in mobile devices. Changing lifestyles are impelling people to purchase high-end smartphones, which in turn is triggering the adoption of 3D displays. Moreover, original equipment manufacturers (OEMs) are focusing on 3D data visualization solutions for mobile devices, thereby stoking market growth.

Regional Insights

Technological advancements, increasing penetration of smartphones, and high adoption rate of digital services are key factors influencing the growth of the regional market. Moreover, the surging demand for video games in the region is revving up the adoption of stereoscopic displays. Increasing the use of 3D display technology in entertainment, gaming, defense, and engineering simulations will also bolster the market over the forecast period.

However, Asia Pacific is estimated to emerge as the fastest-growing region during the same period, owing to changing customer preferences and rising disposable household income. The presence of major technology players such as Samsung Electronics, LG Electronics, Panasonic Corporation, Sony Corporation, and Fujifilm Holdings Corporation is also supporting the growth of the market.

Key Companies & Market Share Insights

The market is competitive owing to the presence of various prominent players such as Samsung Electronics, LG Electronics, Panasonic Corporation, Sony Corporation, Sharp Corporation, Toshiba Corporation, and Fujifilm Holdings Corporation. Industry players have been focusing on organic growth strategies such as R&D investments, product innovation, and value-added features to expand their product portfolios and gain a larger share in the market.

Manufacturers are focused on developing new and innovative products, such as smart TVs and Ultra-HD 4K TVs, that meet the evolving needs of customers. In November 2020, Sharp Corporation formed a joint venture with Japan-based NEC Corporation, with Sharp acquiring 66% of a subsidiary of NEC Corporation, NEC Display Solutions Ltd. The subsidiary will continue to develop and produce a wide range of visual display solutions. The companies aim to deliver innovative and high-quality solutions to customers worldwide with this joint venture. Some of the prominent players in the global 3D display market include:

• Samsung Electronics

• LG Electronics

• Panasonic Corporation

• Sony Corporation

• Sharp Corporation

• Toshiba Corporation

• Fujifilm Holdings Corporation

• AU Optronics Corp.

• Coretec Group, Inc.

• 3DFusion

• Mitsubishi Electric Corporation

3D Display Market Report Scope

Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global 3D display market report based on product, technology, application, and region:

• Product Outlook (Revenue, USD Billion, 2018 - 2030)

  • Volumetric

  • Stereoscopic

  • Head Mounted Display (HMD)

• Technology Outlook (Revenue, USD Billion, 2018 - 2030)

  • DLP

  • PDP

  • OLED

  • LED

• Application Outlook (Revenue, USD Billion, 2018 - 2030)

  • TV

  • Smartphones

  • Monitor

  • Mobile Computing Devices

  • Projectors

  • Head Mounted Display (HMD)

  • Others

• Regional Outlook (Revenue, USD Billion, 2018 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • U.K.

    • Germany

  • Asia Pacific

    • India

    • China

    • Japan

  • Rest of the World (RoW)