The 3D display (stereo display) is a display device capable of providing the viewer with depth perception by means of binocular stereopsis. 3D displays are widely used in devices such as laptops, cameras, cell phones and other handled electronics.
What is the market size and key growth drivers in the 3D display technology industry?
3d projection is commonly used across gaming and entertainment environments. 3D Led display is now widely used owing to the fast response of LED panels and the good quality of the image. The rapid spread of Light Emitting Diodes (LED) and Organic Light-Emitting Diodes (OLED) technologies which deliver higher quality and performance is expected to have a positive impact on the overall 3D display market.
3D display in the advertising industry is one of the emerging trends. The advertising companies have increased the use of 3D projection systems to enhance advertisement and commercial videos. They use auto stereoscopic harvesting equipment. The demand growth is driven by increased sports competitions, live concerts and trade shows. There is also increasing interest in using 3D technology in advanced healthcare devices and equipment.
3D Display Market size is expected to increase considerably by 2026, as 3D display technologies are going to be used in many sectors, such as sports, entertainment and consumer electronics. In the most recent years, the gaming industry has seen major changes with technological developments to provide a better gaming experience. The industry is growing rapidly due to the increasing number of users, more realistic gaming experiences and cloud gaming.
Software companies such as Microsoft are building their own cloud gaming services. The launch of gaming devices based on virtual reality (VR) and augmented reality (AR) contributes to the development of the market for 3D displays in gaming applications. Various numbers of companies such as Asus and Acer are offering 3D displays, especially for gaming applications. Stereoscopic display, head mounted display, and integrated imaging monitor is among the innovations in the 3D display market. The stereoscopic screen is one of the earliest techniques that give various images to viewers with a stereoscopic display. Several video games, television sets and computers with stereoscopic interfaces are now launched.
Owing to the increasing number of users, particularly in the Asia Pacific will further support the 3D technology market.
One of the key limiting factors in the 3D display industry is the high costs involved. Compared to conventional 2D displays, the market for specialised display panels is substantially expensive. The discomfort of wearing glasses is another big restraint for the business.
The global 3D display market is forecasted to more than double in the next five years. The market was valued at around $35 billion in 2018.
The 3D display is an emerging technology and is expected to see some additional growth in the coming years as popularity increase due to the falling costs and advancements in 3D technology.
The modernisation in 3D technology has extended the use of 3D displays in various fields such as photography, education, film, gaming, simulation engineering and security. Furthermore, the demand for 3D display in smartphones, monitoring devices, tablets and healthcare devices fuel the market growth. However, the high costs of 3D display and the lack of 3D content are the major obstacles to market growth.
Moreover, the 3D technology penetration in TV, tablets, and smartphones will soon offer more growth opportunities for the 3d display market.