The global glass-free HD 3D display market is estimated to be worth US$ 920 million, and according to the most recent analysis released by Fact.MR, a supplier of market research and competitive intelligence, it is expected to grow at a CAGR of almost 15.5% over the next ten years.
Market leaders have made significant investments in research and the creation of innovative electrical products. One such breakthrough is “Autostereoscopy,” a technique for projecting stereoscopic images into 3D visuals without any glasses, which eliminates the need for cumbersome and uncomfortable 3D glasses to view 3D content on laptops, mobile phones, etc. To accommodate the signal, two methods are being used: multiple views and eye tracking.
To provide high resolution images of the highest quality, manufacturers are utilising a variety of cutting-edge technologies, including parallax barriers, light field displays, lenticular display technology, etc. Demand for glass-free HD 3D displays could increase due to urbanisation, a shift in consumer lifestyles, and a taste for cutting-edge technology. The market is anticipated to gain from the increased use of smartphones and online channels. Online shoppers want firms to invest in cutting-edge displays like glass-free HD 3D to improve the shopping experience and differentiate themselves from the competition.
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Key Takeaways from Market Study
- Glass-free HD 3D display market anticipated to add 4.2X value by 2031.
- TVs, by application, capture a major chunk, equivalent to more than half of the global market share.
- Under technology, light barrier has been the fastest-growing segment.
- North America is set to dominate market revenue and is expected to gain 89 BPS by 2031.
- Due to the COVID-19 crisis, demand for glass-free HD 3D displays was hit in 2020, which saw a decline of 1.3% over the 2nd and 3rd quarters.
The majority of the suppliers of glass-free HD 3D displays addressed in the research have concentrated on launching new products and growing their manufacturing facilities in underdeveloped nations. Innovation, partnerships, strategic alliances, working with key actors, and bolstering local and international distribution networks are all examples of strategies.
Key Companies Profiled
- Kangde Xin Composite Material Group Co., Ltd
- Leyard Opto-Electronic Company Ltd.
- Royal Philips N.V
- TCL Corporation
- Samsung Electronics Co Ltd
- Dolby Laboratories, Inc
- 3M Company
- New Vision Display Inc
- Magnetic Media Holdings Inc
Why is the Mature Glass-Dree HD 3D Display Market in the U.S. Still Growing At a Decent Pace?
The market in the US expanded by 8.3% between 2016 and 2020. Based on the presence of the majority of market participants positioned here, the U.S. is leading the market from the front.
It is anticipated that North America would continue to dominate the worldwide market. North America is predicted to generate more than US$ 200 million in sales by the end of 2022. The market for glass-free HD 3D displays is expanding in North America due to a number of factors, including rising disposable income and rising consumer expenditure on luxury goods. More than 23% of global market revenues come from the United States.
Key players in this business should focus on improving product offerings and differentiation to wrest an upper hand among competitors in this dynamic market place. This will help them witness growth in the glass-free HD 3D display market in the medium- to long-term forecast period. Manufacturers should also focus on optimising the cost of production to pass down the price benefit to consumers.