Report : North America 3D Display Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Stereoscopic 3D Display and Autostereoscopic 3D Display), Technology (Digital Light Processing, Organic Light Emitting Diode, and Light Emitting Diode), and Application (Consumer Electronics, Automotive, Medical, Advertising, Retail, Military and Defense, and Others)
Autostereoscopic 3D Display Segment to Dominate North America 3D Display Market during 2019–2027
According to a new market research study on “North America 3D Display Market to 2027 – COVID-19 Impact and Regional Analysis and Forecast by Airport Type, Technology, and Application” is expected to reach US$ 855.45 million by 2027 from US$ 183.27 million in 2019. The market is estimated to grow at a CAGR of 22.8% from 2020 to 2027. The report provides trends prevailing in the North America 3D display market along with the drivers and restraints pertaining to the market growth. High-tech applications of enhanced 3D display technologies in end-user industries is the major factor driving the growth of the North America 3D display market. However, 3D display technology hinders the growth of North America 3D display market.
The North America 3D display market is segmented into type, technology, application, and country. Based on type, the North America 3D display market is segmented into stereoscopic 3D display and autostereoscopic 3D display. Autostereoscopic 3D display segment held the largest market share in 2019. 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 2019. Based on application, the North America 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 2019
North America is one of the most important region for the adoption and growth of new technologies due to favorable government policies to boost innovation, presence of huge industrial base, and high purchasing power especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to affect the economic growth of the region in a negative manner. The US is a prominent market for 3D display due to growing media and entertainment industry and rising focus on designing 3D enabled smartphones and TVs. The huge increase in the number of confirmed cases and rising reported deaths in the country is affected both manufacturing and sales of materials associated with 3D displays. The factory and business shutdowns across the US, Canada and Mexico negatively impacted the adoption of 3D display market. North America region is home to a large number of manufacturing and technology companies and thus the impact of coronavirus outbreak is anticipated to be quite severe till Mid-2021. The region is expecting market recovery and economic improvement with the start of the COVID-19 vaccination. However, companies risks still remain with the market uncertainties from tough business environment associated with unfavorable foreign exchange rate, raw material price and logistics cost.
AU Optronics Corp.; Fujifilm Corporation; Innolux Corporation; Leia Inc.; LG Electronics Inc.; Light Field Lab, Inc.; Looking Glass Factory Inc; Mitsubishi Electric Corporation; Panasonic Corporation; Samsung Electronics Co., Ltd.; Sharp Corporation; Sony Corporation; Toshiba Corporation are among the leading companies in the North America 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, Light Field Lab, Inc. has partnered with graphics software firm Otoy, under the partnership the duo plans to turn the Star Trek Holodeck into a reality, while Light Field Lab, Inc. has also into an agreement with Endeavor and Roddenberry Entertainment which are presently developing holographic content.
The report segments the North America 3D Display Market follows:
North America 3D Display Market – By Type
- Stereoscopic 3D Display
- Autostereoscopic 3D Display
North America 3D Display Market – By Technology
- Digital Light Processing
- Organic Light Emitting Diode
- Light Emitting Diode
North America 3D Display Market – By Application
- Consumer Electronics
- Military and Defense
North America 3D Display Market – By Country
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