Next Generation 3D Display Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)


Next Generation 3D Display Market Analysis:

The previous year witnessed the valuation of the next-generation 3D display market at 98.22 billion, and it is projected to experience a compound annual growth rate (CAGR) of 16.5% during the forecast period. This growth trajectory is expected to propel the market to reach a staggering USD 572.25 billion within the next five years. One of the key drivers behind this expansion is the focus on developing multi-user displays and the widespread adoption of the refractive optics approach by major companies like Samsung Electronics, Nvidia, and Microsoft.

Several factors contribute to the growth of this market. Firstly, there has been continuous advancement in panel manufacturing, accompanied by the introduction of 8K television. Additionally, there is a growing emphasis on visual comfort, which further fuels the demand for 3D displays. Moreover, the increasing usage of smart TVs worldwide has a significant impact on market growth. In the UK alone, it was reported by Ofcom that 67% of households owned a Smart TV in the previous year.

To gain a competitive edge in the market, some companies have already integrated glassless 3D technology into their products. For example, ZTE, a tech company based in China, unveiled its latest innovation, the Nubia pad 3D, in March 2023. This tablet offers a glass-free 3D visual experience and boasts a 12.4-inch LCD screen with a native resolution of 2560x1600px, a 120Hz refresh rate, and a 16:10 aspect ratio. Furthermore, brands like Acer and Asus have also announced the launch of laptops featuring glass-less 3D technology.

Furthermore, the growth of 5G deployment in various industries, particularly in the realm of industrial automation, plays a crucial role in developing a connected ecosystem where 3D-displayed smartphones and computers are integral. According to HMS Networks, the industrial automation networking market witnessed a 6% growth in 2021, with wireless technology eagerly awaiting the implementation of 5G in factories. This expansion in the industrial automation sector further contributes to the overall development of the 3D display market.

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