Market Introduction
Europe comprises developed economies, such as Germany, Russia, France, the UK, and Italy. Apart from automotive, media & entertainment is one of the biggest industries in Europe. The popularity of 3D movies has witnessed a steep rise from the last few years. Several movies theatres based in the region are adopting 3D displays to enhance the viewer experience. For instance, in March 2018, Arena Cinemas, a Switzerland-based theatre, installed Samsung’s 3D cinema LED. The screen maintains reliable brightness for perfect delivery of subtitle text, images, and minor visual details for viewers. Samsung’s Digital Cinema Initiatives certified high dynamic range theater Cinema LED screen display offers consumers a next-generation viewing experience. Switzerland is one of the growing hubs in the region for the film industry and a perfect location to introduce 3D Cinema LED screen. The 3D display design enabled Arena Cinemas to eradicate its projector closet, which makes room for additional seats. Thus, growing advancements in the media & entertainment industry would significantly push the European market toward growth during the forecast period.
Russia, the UK, France, Spain, Italy, and Germany are among the worst-affected European countries by the COVID-19 pandemic. Businesses in the region are facing severe economic difficulties as they had to suspend operations or reduce activities in a substantial manner. The region is a major manufacturing and industrial hub for sectors such as consumer electronics and automotive. Hence, due to business lockdowns, travel bans, and supply chain disruptions, Europe witnessed an economic slowdown till Mid-2021. Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of COVID-19 in 2020 and in several months in 2021. European countries are the major developers and adopters of 3D displays due to the high purchasing power of people and the presence of evolved advertising industry. The region invests huge resources in the development of 3D display technologies for the automotive industry. Major automotive players such as Continental AG and Volkswagen have implemented holographic displays in their vehicles. However, upon the onset of COVID-19, the manufacturing of 3D display devices witnessed a sharp decline in European countries, and automotive and other industries were under stress till mid-2021. Moreover, disruptions in raw materials and electronic component supply from China further aggravated the difficulties of manufacturing industries in this region. All these factors limited the 3D display market growth in Europe in 2020 and early 2021.
Market Overview and Dynamics
The 3D display market in Europe is expected to grow from US$ 143.30 million in 2021 to US$ 783.39 million by 2028; it is estimated to grow at a CAGR of 27.5% from 2021 to 2028. Holographic display technology generates arbitrary wave fronts which can be considered as an ultimate 3D experience for end-user. In comparison of 2D image-based stereoscopic displays that are used to create 3D perception which can create issues such as headache, visual discomfort, eyestrain, and fatigue in some users, the holographic 3D displays are quite comfortable for users who want to experience realistic 3D. Another type of glassless 3D display technology includes volumetric displays, these displays use components distributed in a volume which scatter light in multiple directions, thus creating a realistic 3D experience. However, the requirement of high volume for these displays makes them difficult to use in many potential applications. Thus, holographic 3D displays which use a 2D surface by exploiting wave nature of light to develop 3D images are considered a more viable option for potential 3D display applications in fields such as marketing, advertising, medical, automotive, education, entertainment, retail, hospitality, events, sports, and digital signage among many others.
Key Market Segments
The Europe 3D display market is segmented into type, technology, application, and country. Based on type, the Europe 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 Europe 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 Europe 3D display market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the 3D display market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AU Optronics Corp., BOE Technology Group, Fujifilm Corporation, Innolux Corporation, Leia Inc., LG Electronics Inc., Looking Glass Factory Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Group, Sharp Corporation, Sony Corporation, and Toshiba Corporation.
Reasons to buy report
Europe 3D Display Market Segmentation
Europe 3D Display Market - By Type
Europe 3D Display Market - By Technology
Europe 3D Display Market - By Application
Europe 3D Display Market, By Country
Europe 3D Display Market - Company Profiles
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 143.30 Million |
| Market Size by 2028 | US$ 783.39 Million |
| CAGR (2021 - 2028) | 27.5% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Type
|
| Regions and Countries Covered |
Europe
|
| Market leaders and key company profiles |
|
The Europe 3D Display Market is valued at US$ 143.30 Million in 2021, it is projected to reach US$ 783.39 Million by 2028.
As per our report Europe 3D Display Market, the market size is valued at US$ 143.30 Million in 2021, projecting it to reach US$ 783.39 Million by 2028. This translates to a CAGR of approximately 27.5% during the forecast period.
The Europe 3D Display Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Europe 3D Display Market report:
The Europe 3D Display Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Europe 3D Display Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Europe 3D Display Market value chain can benefit from the information contained in a comprehensive market report.
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