Digital Light Processing Segment to Dominate APAC 3D Display Market during 2020–2028

According to a new market research study on “APAC 3D Display Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type, Technology, and Application” is expected to reach US$ 957.77 million by 2028 from US$ 154.50 million in 2021. The market is estimated to grow at a CAGR of 29.8% from 2021 to 2028. The report provides trends prevailing in the APAC 3D display market along with the drivers and restraints pertaining to the market growth. Holographic 3D display systems create further market expansion and this is the major factor driving the growth of the APAC 3D display market. However, problems related to 3D display technologies hinders the growth of APAC 3D display market.   

The APAC 3D display market is segmented into type, technology, application, and country. Based on type, the APAC 3D display market is segmented into stereoscopic 3D display and autostereoscopic 3D display. Autostereoscopic 3D display segment held the largest market share in 2020. Based on technology, the 3D display market is divided into digital light processing, organic light emitting diode, and light emitting diode. Digital light processing segment held the largest market share in 2020. Based on application, the APAC 3D display market is divided into consumer electronics, automobile, medical, advertising, retail, military and defense, and others. Advertising segment held the largest market share in 2020. Based on country the APAC 3D display market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. Rest of APAC held the largest market share in 2020.

APAC is characterized by the presence of various developing countries, positive economic outlook, high industrial presence, huge population, and rising disposable income. These factors make APAC a major contributor to the 3D display market growth. A high number of smartphone and smart TV users in the region generate various opportunities for the growth of the 3D display market. APAC is also a manufacturing hub with countries such as China, Japan, South Korea, and India being major manufacturing hubs. COVID-19 is anticipated to cause huge disruptions in the growth of various industries in the region. The shuttering of various plants and factories in China is affecting the supply chains and hampering manufacturing, delivery schedules, and sales of products and services. The 3D display market is projected to experience continuous growth due to surging demand from retail and commercial industries. However, in 2020, the market in APAC experienced a downfall due to the COVID-19 pandemic as the deployment of 3D displays reduced in various industries. Pandemic has also affected the supply chain and logistics operations, which has decreased the demand for 3D displays.

AU Optronics Corp., BOE Technology Group, Fujifilm Corporation, Innolux Corporation, LG Electronics Inc., Looking Glass Factory Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Group, Sharp Corporation, Sony Corporation, and Toshiba Corporation are among the leading companies in the APAC 3D display market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Sambil in Madrid was the first cinema in Spain to use Samsung’s 3D Onyx Cinema LED screen. The 3D Onyx Cinema LED screen is powered by 4K high dynamic range technology (HDR) for cinema screen application.      

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