The Next Generation 3D Display Market is being driven by Increasing advent of VR in gaming
The Next Generation 3D Display Market is expected to grow at a CAGR of 18.52% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 1053 million. In the medical field, precision and accuracy are paramount for effective patient diagnoses and treatment planning. Traditional medical displays have been limited to 2D imaging, but advancements in technology have led to the creation of next-generation 3D display devices. One such innovation is CSpace, offered by Coretec, which delivers high-resolution, full-color 3D projected images within a glass chamber. These images can be viewed without the need for additional visualization tools, providing a 360-degree viewing angle for comprehensive examination. The utilization of 3D displays is expanding across various medical applications, including diagnostic imaging, surgical planning, and training, offering enhanced visualization capabilities for healthcare professionals.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
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Report Coverage |
Details |
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Page number |
182 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.52% |
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Market growth 2024-2028 |
USD 1053 million |
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Market structure |
fragmentation |
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YoY growth 2023-2024(%) |
15.17 |
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Key countries |
US, China, South Korea, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Next Generation 3D Display Market is experiencing significant growth due to the increasing demand for high-definition graphics and immersive visual experiences. Health-related issues, such as eye strain from prolonged use of electronic devices, are driving the need for more comfortable and realistic 3D displays. This trend is particularly prominent among the middleclass population with disposable income to invest in advanced technology. Projectors and notebook PCs with 3D capabilities are gaining popularity in home entertainment and the gaming industries. NFTs and virtual reality (VR) are also fueling the demand for 3D displays, offering new opportunities for content creators and consumers. Technological advancements in 3D display technology include OLED, LED, and LCD panels, with HMS Networks and industrial automation leading the way in industrial applications. 5G deployment and the rise of PC gaming are also contributing to the growth of the market. Key players in the market include Asus, Acer, Nubia, ZTE, and Samsung Electronics, who are constantly pushing the boundaries of 3D display technology. Standards of living continue to rise, and the desire for high-quality home entertainment systems remains strong. The market for 8K television and smart TVs is expected to grow significantly in the coming years, further boosting the demand for next-generation 3D displays. Visual comfort and panel manufacturing are also key areas of focus, ensuring that consumers can enjoy the benefits of 3D technology without compromising their health.
The Next Generation 3D Display Market is a significant segment of the expansive global electronic equipment and instruments market. This market encompasses businesses engaged in the production of advanced 3D display technologies. According to Technavio's market analysis, the global electronic equipment and instruments market size is determined by the revenue generated from the sales of Information and Communication Technology (ICT) and electronics products, equipment, and components. Factors driving growth in the electronic equipment and instruments market include the increasing demand for electronic test and measurement equipment. This demand is fueled by technological advancements and digital transformation across various industries, such as semiconductors, automotive, information technology, consumer electronics, industrial, energy, and medical devices, resulting in a growing need for sophisticated testing and measurement solutions for 3D display technologies. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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