3D Display Market Size | Growth Analysis Report by 2026

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Jan 13, 2022 (Market Insight Reports) — 3D Display Market share is set to hit USD 60 billion by 2026, according to a new research report by Global Market Insights, Inc. Leading companies are joining hands to integrate advanced technologies into air traffic control systems for upgraded data feasibility in aircraft. For instance, Retina announced the modernization of Europe’s air traffic management systems with AR technology in July 2013 controlled by HMD.

3D display units are widely used in air traffic controls that provide enhanced visualization experience and deliver highly accurate real-time data, to improve monitoring on the positions of aircraft and landmark. The incorporation of augmented reality (AR) in the air traffic control system will uplift the acquisition of 3D display technology for enhanced data visualization.

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Innovations are driving the industry scope. Citing an instance, Bosch’s new 3D display technology for automobiles uses passive multi-view 3D technology to generate a realistic three-dimensional effect. It allows visual information to be grasped faster than when displayed on a conventional screen without additional aids such as 3D eyewear or an eye-tracking camera.

Volumetric displays are highly integrated with gaming applications owing to several sophisticated features such as motion parallax, precise focal depth of real-world objects, and large viewing angle. These high-end characteristics have driven companies towards the introduction of 3D volumetric displays to render new dimensions to games.

Reportedly, the volumetric display segment held around 5% of the 3D display market share in 2019 and is projected to grow at a CAGR of 30% in the coming years. Product demand is attributed to widespread applications in the gaming, entertainment, and medical imaging applications.

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DLP chip technology portrays flawless picture quality by minimizing the gap between the pixels. Due to these exceptional properties, DLP is increasingly adopted in 3D displays for business presentations and to render high accuracy and visibility of data. For instance, Panasonic had introduced new advanced solutions including display, projection, and audio equipment in July 2020. Lashed with DLP technology the company has exhibited its PT-LRZ35 Series projector used in small meeting space and classrooms.

The Digital Light Processing (DLP) technology held 25% of the 3D display market share in 2019. The growth will be driven by its significant adoption in commercial entertainment, home theaters, cinema hall projectors, conference rooms, among others.

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The integration of 3D monitors with medical imaging devices such as ultrasound images, MRI scans, and X-rays create 3D visualization of the body’s interior for medical introspection and clinical analysis. Also, the inclusion of these technologies such as 3D imaging solutions in medical science has immensely helped surgeons to analyze the anatomy of the internal tissues and to operate with high accuracy and precision.

The monitor application segment is forecasted to observe a 27% CAGR between 2020 and 2026. On account of the growing applications of 3D display monitors in the healthcare and medical sector, the 3D display industry share is likely to witness robust growth globally

The regional market growth will be impacted by the presence of leading automobile OEMs in the region such as BMW Group, PSA Group, and Audi. These companies are emphasizing on the introduction of advanced automobile safety systems, including ADAS and self-driving cars will further drive the demand for 3D display technology in modern mobility systems.

The Europe 3D display market was valued at more than 20% of the market share and will observe a growth rate of nearly 25% through 2026. Prominent companies developing and manufacturing 3D displays are emphasizing on new product development and collaborations to consolidate the existing partner network and brining new technologies to cement their presence in the global market.

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.

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