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Next Generation 3D Display Market size is set to grow by USD 1.05 billion from 2024-2028, Increasing advent of VR in gaming boost the market, Technavio

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NEW YORK, July 8, 2024 /PRNewswire/ — The global next generation 3D display market size is estimated to grow by USD 1.05 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  18.52%  during the forecast period. Increasing advent of VR in gaming is driving market growth, with a trend towards increasing usage of 3d display in medical industry. However, high cost associated with 3d displays  poses a challenge. Key market players include Alphabet Inc., AUO Corp., Avalon Holographics Inc., Avegant Corp., Continental AG, CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp., Toshiba Corp., and VividQ Ltd..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Next Generation 3D Display Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 18.52%

Market growth 2024-2028

USD 1053 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

15.17

Regional analysis

APAC, North America, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 37%

Key countries

US, China, South Korea, Germany, and UK

Key companies profiled

Alphabet Inc., AUO Corp., Avalon Holographics Inc., Avegant Corp., Continental AG, CREAL SA, Dimenco BV, FoVI3D, Holografika Kft., LG Electronics Inc., Looking Glass Factory Inc., NVIDIA Corp., Ostendo Technologies Inc., Panasonic Holdings Corp., Robert Bosch GmbH, Samsung Electronics Co. Ltd., SeeReal Technologies SA, Sharp Corp., Toshiba Corp., and VividQ Ltd.

Market Driver

Next generation 3D displays are revolutionizing the medical industry by offering more accurate and detailed visualizations for diagnoses and treatments. Traditional 2D medical displays have limitations, but advancements in technology have led to the creation of 3D display devices. One such example is CSpace by Coretec, which provides high-resolution, full-color 3D images inside a glass chamber. This display offers a 360-degree viewing angle, enabling comprehensive examination of the images. The true 3D images facilitate better visual acuity for surgeons, reducing surgery time and preparation. Researchers are also using 3D displays to create virtual human body models for disease and treatment studies, leading to potential new discoveries. The benefits of 3D displays in medical applications are driving the demand for next generation 3D display systems, making a significant impact on patient diagnosis and treatment outcomes. 

The Next Generation 3D Display Market is experiencing significant growth, driven by major players like Samsung Electronics and ZTE investing in panel manufacturing for advanced 8K television sets. Smart TVs with 3D technology are becoming the new norm, with Ofcom reporting a surge in demand. Brands like Nubia, Acer, and Asus are also jumping on the bandwagon, releasing 3D displays for various electronic devices such as monitors, TVs, digital photo frames, and notebook computers. The gaming industries and VR are major adopters, with HMD displays gaining popularity. 5G deployment is expected to further boost this market, benefiting industrial automation and PC gaming. Brands like Ericsson, Motorola, and the Edge 4K are also entering the fray. However, health-related issues and highdefinition graphics standards must be addressed to ensure visual comfort for consumers. The middleclass population with disposable income is the primary target demographic. The market also includes LCD, LED, OLED, and 4K displays, as well as projectors and digital cinema screens. NFTs are also expected to play a role in the monetization of 3D content. 

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Market Challenges

The next generation 3D display market faces significant challenges due to the high cost of devices and associated equipment. While 3D game consoles range from USD200 to USD400 and 3D projectors from USD1,000 to USD10,000, affordability remains an issue, particularly in low-income countries. The cost extends to new 3D games for consoles and high maintenance and repair costs due to complex technology. Modifying existing systems for 3D displays also adds to the expense. These factors may deter potential buyers, favoring less expensive alternatives, thereby limiting market growth for next generation 3D displays.The Next Generation 3D Display Market is experiencing significant growth, with companies like Ericsson, Motorola, and others introducing innovative products such as the Vision Pro and ELF-SR2. Consumer electronics, including monitors, TVs, digital photo frames, and notebook computers, are integrating 3D technology for enhanced user experience. Challenges include the high cost of 3D displays, the need for specialized glasses, and health-related issues. The gaming industries and home entertainment sectors are major drivers, with high-definition graphics and 4K becoming the norm. The middle class population with disposable income is a key target market. Standards of living and technological advancements continue to push the boundaries of 3D technology, with Micro OLED, stereoscopic displays, and autostereoscopic technology leading the way. The HMD display, DLP, PDP, and LED panels are all vying for market share, with image quality and response time being crucial factors. The market also includes projectors and digital cinema screens, with NFTs and video games adding to the demand for high-definition graphics. The challenges of implementing 3D technology in electronic devices remain, but the potential rewards for companies that succeed are significant.

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Segment Overview 

This next generation 3d display market report extensively covers market segmentation by  

Component 1.1 Consumer electronics1.2 Automotive1.3 Healthcare1.4 OthersProduct 2.1 Stereoscopic display2.2 Volumetric display2.3 HMD2.4 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Consumer electronics-  The next generation 3D display market encompasses various consumer electronics, including 3D projectors, gaming consoles, holographic displays, smartphones, tablets, personal computers, and TVs. These devices require advanced and intricate electronics and technology for seamless 3D functionality. Augmented reality (AR) and virtual reality (VR) technologies, such as binocular vision display and light field display, are advancing rapidly and are predicted to influence the future of holographic displays. Companies, like Facebook with Oculus Go and Quest, and tech giants, such as Microsoft and Google, are investing in holographic devices. Real-world holographic reconstruction applications and H3D projection into space via micro displays for head-mounted displays are anticipated to fuel market growth during the forecast period.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Next Generation 3D Display Market is poised for significant growth, driven by the increasing demand for immersive home entertainment and advanced industrial applications. The market encompasses various display technologies, including LCD, LED, OLED, and 3D, with the latter gaining traction due to its ability to provide a more realistic viewing experience. The market is not limited to consumer electronics such as smart TVs, but also includes industrial applications in sectors like automation and 5G deployment. High-definition graphics, visual comfort, and health-related issues are key considerations in the development of these displays. The market is also influenced by trends in PC gaming, VR, and NFTs, as well as the growing disposable income and middleclass population, particularly in emerging markets. Standards of living and regulatory bodies like Ofcom play a role in shaping the market, while companies continue to innovate and invest in research and development to meet consumer demands.

Market Research Overview

The Next Generation 3D Display Market is experiencing significant growth due to advancements in 3D technology, 5G deployment, and increasing disposable income among the middleclass population. This market encompasses various electronic devices, including monitors, TVs, digital photo frames, notebook computers, projectors, and industrial automation applications. High-definition graphics, such as 8K and 4K, are driving demand for 3D displays in home entertainment and consumer electronics. Health-related issues and visual comfort are becoming essential considerations in the design of 3D displays, with autostereoscopic technology and HMD displays offering solutions. The gaming industries and academics are also embracing 3D displays for immersive experiences in video games, movies, animations, and VR applications. 3D technology is not limited to LCD, LED, and OLED panels. Micro OLED and stereoscopic displays are gaining popularity in niche markets, such as digital cinema screens and PC gaming. HMS Networks and Ericsson are among the companies contributing to the development of industrial automation applications using 3D displays. Standards of living and the middleclass population’s increasing standards are fueling the demand for high-quality 3D displays. NFTs and the growing popularity of NFTs in art and collectibles are also expected to contribute to the market’s growth. Key players in the market include Samsung Electronics, ZTE, Nubia pad 3D, Acer, Asus, Motorola, and the Edge 40, among others. The market is expected to continue growing, with innovations in 3D technology and the increasing adoption of 5G set to drive demand.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ComponentConsumer ElectronicsAutomotiveHealthcareOthersProductStereoscopic DisplayVolumetric DisplayHMDOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Doo Group Strengthens Global Reach with CySEC License for Doo Financial

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LIMASSOL, Cyprus , Nov. 15, 2024 /PRNewswire/ — Doo Group is proud to announce that Doo Financial, one of its brands, has been awarded a new license by the Cyprus Securities and Exchange Commission (CySEC). This achievement strengthens Doo Group’s commitment to providing a secure and regulated trading environment for its clients globally.

Expanding Regulatory Reach

The addition of the CySEC license highlights Doo Group’s extensive regulatory framework, which already spans across multiple financial jurisdictions, including the United Kingdom, Australia, Hong Kong and Malaysia. This strategic milestone reflects Doo Group’s dedication to ensuring compliance with international regulatory standards and prioritizing client security. As a European Supervisory Authority, CySEC offers a robust regulatory environment and is expected to enhance client confidence. For Doo Group, this new regulatory milestone reinforces its reputation as a trusted, reliable financial services provider.

“Acquiring the new license from CySEC is a significant milestone for Doo Financial, marking a key step in our ongoing growth and strategic expansion. This achievement not only reinforces our commitment to maintaining the highest standards of regulatory excellence but also solidifies our position as a trusted, reliable financial institution within Europe. By aligning with CySEC’s rigorous requirements, we are better positioned to offer enhanced services to our clients, foster greater transparency, and ensure long-term stability in an increasingly complex and dynamic financial landscape.” Costas Kappai, Doo Financial EU

Strengthening Client Confidence

Doo Financial EU, the European branch of Doo Financial, is now positioned to serve clients across Europe under the guidelines of a European Supervisory Authority. European clients will benefit from CySEC’s regulatory protections, including client fund safety and transparent business practices, ensuring a secure and trustworthy trading experience. This development allows Doo Financial EU to offer its suite of financial services and trading products to a wider audience, backed by the credibility and oversight of CySEC.

By expanding its regulatory reach, Doo Group continues to strengthen its position in the global financial market, enabling clients to trade with confidence. The CySEC license is another step toward achieving Doo Group’s vision of becoming a leader in financial services.

About Doo Group

Founded in 2014 and headquartered in Singapore, Doo Group is an international financial services provider with a focus on FinTech. With operations across 10 major business lines—including Brokerage, Wealth Management, Payments, and Digital Marketing—we are dedicated to delivering comprehensive financial solutions that empower our clients to explore a better future.

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Liberty General Insurance Continues to Drive Insurance Awareness and Inclusion with ‘Suraksha ka Vaada Bima ke Saath’ Initiative Across Delhi and Punjab

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NEW DELHI, Nov. 15, 2024 /PRNewswire/ — Liberty General Insurance, one of the leading non-life insurance companies in India and the lead insurer for Delhi under the Insurance Regulatory and Development Authority of India’s (IRDAI) State Insurance Plan, is spearheading an insurance awareness initiative in Delhi. While there are no gram panchayats in Delhi, Liberty continues to drive insurance awareness through grassroots and digital outreach.

In parallel, Liberty is fulfilling its rural and social obligations by focusing on underserved areas in Punjab. This effort includes a recently initiated awareness campaign across 400 gram panchayats in Punjab to expand insurance penetration and increase accessibility in these regions.

In Delhi, Liberty continues to create awareness under ‘Suraksha ka Vaada Bima ke Saath’ initiative launched in 2023. This October Liberty began with a Door-to-Door Campaign across North-West and North East Delhi, reaching over 1600 households in Karala Village, Budh Vihar, Kanjawala Village and Begumpur, Burari, Kanhiya Nagar, Rampura, and Jahangirpuri, achieving over 25000 impressions. Over nearly a month, Liberty’s teams engaged with residents, distributing leaflets and explaining the benefits of motor and health insurance. This campaign was followed by the ‘Nukkad Natak’ (Street Play) initiative in South Delhi, targeting key neighborhoods of Sarojini Nagar, Lajpat Nagar, Nirman Vihar, Lakshmi Nagar, and Begumpur chowk market. The street plays used interactive performances to educate communities on the importance of insurance and dispel common myths. To reinforce the message, Liberty’s team also disseminated copies of the ‘Wise Ways of Insurance’ booklet—a unique resource developed to demystify insurance products and promote informed decision-making. The booklet, which is being translated into vernacular languages, is also being distributed in other states as part of Liberty’s commitment to financial literacy across India.

Complementing its on-ground efforts, Liberty General Insurance continues to leverage social media to drive targeted insurance awareness campaigns. Recognizing that widespread mobile access allows more people to connect online, Liberty reaches both rural and urban audiences, empowering individuals everywhere with the knowledge needed to make informed financial decisions.

Commenting on this awareness drive, Mr. Parag Ved, CEO & Whole-Time Director, Liberty General Insurance said, “Our ‘Suraksha ka Vaada Bima ke Saath’ campaign is an effort in line with IRDAI’s ‘Insurance for All by 2047’ vision, towards empowering communities across Delhi, Punjab, and beyond with the financial security that insurance provides. With general insurance penetration in India still at less than 1% of its GDP, there is a pressing need to educate communities and break down the barriers to understanding the importance of insurance. Liberty will ensure that its wide distribution network makes policies accessible to all, so that every citizen—no matter where they are—can access the financial safety net that insurance offers.”

“Liberty is committed to fostering a culture of financial resilience where every Indian can feel secure about their future. Together, we are building a future where insurance isn’t just a product but a promise of protection and peace of mind,Mr. Ved added.

Looking ahead, Liberty will be rolling out a transit media campaign across South Delhi in December, utilizing branded auto rickshaws to increase visibility and connect with residents in this vibrant area of the capital. By leveraging transit media, Liberty aims to bring insurance awareness into people’s daily routines, making information accessible in familiar, everyday settings. This campaign builds on the success of previous awareness initiatives and reinforces Liberty’s commitment to educating and empowering individuals about insurance.

About Liberty General Insurance

Liberty General Insurance Ltd. (LGI) is a joint venture between Summit Asia Investment Holdings PTE Ltd.— a group company of Liberty Mutual Insurance Group, a diversified global insurer with over 900 offices across the world, headquartered in the U.S., Enam Securities, and Diamond Dealtrade. LGI commenced operations in 2013 with the aim of providing comprehensive retail, commercial and industrial insurance solutions. The company has an employee strength of 1100+ with presence across 100+ locations in 28 states and UTs. Its partner network consists of about 6000+ hospitals and more than 5000 auto service centres. The company offers health and personal accident insurance, car and two-wheeler insurance, employee compensation insurance, commercial insurance, engineering insurance, marine insurance, liability insurance and property insurance among other products in India.

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Hikvision unveils WonderHub and elevates smart collaboration across industries

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HANGZHOU, China, Nov. 15, 2024 /CNW/ — Hikvision unveiled its fully upgraded smart collaboration business. The event showcased a range of innovative products designed to transform collaboration in education, meetings, retail, and more. Among the highlights were cutting-edge solutions like WonderHub interactive displays, digital signage, and video conference devices. These products underscore Hikvision’s commitment to driving digital transformation and enhancing user experiences in an increasingly connected world.

At the heart of this ecosystem is WonderHub, which features WonderOS, an AI-powered platform that seamlessly connects devices and enhances collaboration. With tools like WonderSpark for interactive whiteboards and WonderCast for wireless content sharing, WonderHub enables users to communicate, create, and collaborate more effectively than ever.

Boosting Classroom Engagement with Innovative Solutions

In education, WonderHub is designed to elevate classroom experiences. The interactive displays enable students to share and express ideas effortlessly, creating a more engaging and dynamic learning environment. The built-in WonderSpark smart whiteboard software uses AI to recognize equations, provide solutions, and generate interactive 3D teaching materials across subjects like mathematics, chemistry, and natural sciences. Teachers can also access licensed images and videos through Creative Commons integration, enriching lesson content and boosting student engagement.

Classrooms equipped with WonderHub also benefit from multi-window modes and a suite of 19 educational tools. These include subject-specific templates and interactive applications. For remote learning, WonderHub integrates seamlessly with third-party conferencing platforms, allowing students to collaborate in real-time, no matter their location.

Empowering Business Meetings with Intelligent Features

Hikvision’s smart collaboration solutions transform business meetings into more efficient and immersive experiences. The WonderHub Ultra Series allows users to easily connect personal devices and leverage the interactive display’s camera, speakers, and microphone for high-quality remote conferencing. The HiSpire meeting management system streamlines meeting logistics, including room scheduling, attendee notifications, post-meeting summaries, and distribution of materials.

Advanced AI features, such as auto-framing and speaker tracking, ensure optimal video quality. Meanwhile, app-free screen casting allows for easy sharing of presentation materials. The X12 and X28 audio-video cameras offer enterprises tailored setups to suit meeting rooms of any size, ensuring seamless communication with high-definition video and precise audio capture.

Transforming Retail Spaces with Dynamic Digital Signage

Hikvision has also advanced its digital signage solutions to enhance customer engagement in retail scenarios. The vibrant displays and centralized content management allow retailers to effectively capture attention. High-brightness window displays attract passersby with promotions and new product highlights. Meanwhile, floor-standing signage supports interactive features, such as self-service ordering. The HikCentral FocSign platform enables retailers to remotely manage and distribute content across multiple locations, improving operational efficiency and ensuring consistent branding.

These digital signage solutions, including the DP and DL series, boast superior brightness and clarity, ensuring visibility even in strong lighting conditions. The displays run on Hikvision’s self-developed platform and support WonderCast wireless casting, enabling quick and easy content sharing from various devices.

Since entering the smart collaboration market in 2017, Hikvision has rapidly become a leading global player. With over 300,000 units sold across more than 140 countries and regions, Hikvision’s smart collaboration business exemplifies the company’s commitment to innovation, quality, and user-centric design. As a key highlight of this evolution, the fully upgraded WonderHub represents the next leap forward in smart collaboration technology.

By bridging advanced technology with practical applications, WonderHub, along with Hikvision’s broader range of smart collaboration solutions, is leading the way in providing more efficient and intelligent solutions for users worldwide.

For more information about Hikvision’s smart collaboration products and solutions, please visit Hikvision’s official website.

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