3D Display Market Size

3D Display Market Size

3D Display Market size valued at over USD 10 billion in 2019 and is estimated to grow at a CAGR of more than 25% between 2020 and 2026. 3D display technology is experiencing high penetration in the automotive industry due to its rising adoption in video entertainment, augmented reality, and safety warnings.

The rising usage of augmented reality in various medical applications and surgeries is propelling the market opportunities for 3D displays. The technology improves the vision capabilities of surgeons, decrease operation time, and pre-operative planning. Therefore, companies are inclined toward the development of innovative surgical solutions, driving the market growth in the coming years.
 

The COVID-19 outbreak has halted several manufacturing plants worldwide, majorly the consumer electronics and automotive sectors. A decline in the buying power of consumers for luxury products has restrained the production activities of various major leaders, thereby hampering the demand for 3D displays. In March 2020, Apple, Inc. announced to close all its retail stores outside Greater China for employee and customer safety. Furthermore, the pandemic has also restrained research & development initiatives in the industry owing to lack of workforce and disruption in raw material supplies. Disruption in the supply chain has led the majority of market players to procure raw materials from local leaders and overcome raw material shortages.