Global 3D display market to grow steadily at a CAGR of more than 28% by 2020
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Global 3D display market to grow steadily at a CAGR of more than 28% by 2020

2017-04-27 11:01:40

Technavio’s market research analyst predicts the global 3D display market to grow steadily at a CAGR of more than 28% from 2016-2020. The penetration of 3D technology is on the rise all across the globe, as 3D display panels are being used in several applications such as in mobile handsets, tablet PCs, and in billboards for advertisements. The growing popularity of 3D video content has led to the emergence of several 3D channels over the past few years. Majority of movies made in Hollywood are in the 3D format, offering a unique experience to consumers. Also, several gaming vendors are developing 3D gaming devices, such as 3D tablet PCs, which uses autostereoscopic 3D technology. Moreover, the emergence of ultra-high-definition (UHD) TVs will also positively aid to the demand for 3D displays which offer multi-view, stereoscopic, and high picture quality.

At present, 3D displays are used in flat panel TVs, portable gaming devices, and advertisement billboards. However, there is a projected increase in 3D display applications in the coming years such as 3D smart displays, mobile handsets, displays used in the healthcare sector, notebooks, monitors, and large-sized displays. Such growing number of 3D display applications will result in the increased penetration of 3D displays and will be a prominent driving factor for the market during the forecast period. Also, several 3D device manufacturers are focusing to offer consumers with products that have extra features, such as direct-lit LED backlights, ultra-slim form factors, and flexible and curved displays, to add value to their products.