3D Display Market in North America report 2028 | Size, Share, Growth by Business Market Insights

The 3D display market in North America is expected to grow from US$ 215.60 million in 2021 to US$ 1,249.42 million by 2028; it is estimated to grow at a CAGR of 28.5% from 2021 to 2028.

The US, Canada, and Mexico are major economies in North America. High-tech applications of enhanced 3D display technologies in end-user industries is the major factor driving the North America 3D display market. The attractiveness and potential applications of 3D visualization has always been a growth driver for developments in the field of 3D displays. Since, the development of first consumer products based on stereoscopic 3D display technology such as 3D TVs and monitors by companies like SONY and LG to current autostereoscopic 3D display solutions, the market landscape for 3D displays is evolving continuously. The disadvantages and limited capabilities of stereoscopic 3D displays have led to discontinuation of most of these products. However, the continuous investments especially in autostereoscopic 3D display solutions and growing number of partnerships between market players and end-users to develop advanced holographic and volumetric 3D display systems for a wide range of applications is driving the growth of North America 3D display market. Consumer electronics, automotive, medical, military & defense, industrial, media & entertainment are some of the key potential growth market for the adoption of 3D displays. Presently, autostereoscopic technologies are driving the growth of next-generation 3D displays. Potential applications of 3D displays makes them an attractive opportunity for both market players and end-users and thus investments in 3D display start-up has been growing at a fast pace in the past few years.

North America is a major contributor to the growth and adoption of new technologies due to favorable government policies to boost innovation and purchasing power, and expand industrial base, especially in developed countries such as the US and Canada. Hence, any impact on the growth of industries is expected to hamper the economic growth of the region. The US is a prominent market for 3D display due to the growing media and entertainment sector, and rising focus on designing 3D-enabled smartphones and TVs. The increase in COVID-19 cases in the country affected the manufacturing and sales of materials required for 3D display production. Factory and business shutdowns across the US, Canada, and Mexico further hindered the adoption of 3D displays. North America is home to a large number of manufacturing and technology companies that have a global presence; thus, the COVID-19 outbreak is expected to have a severe effect on the global technology sector. However, economies in the region began to recover with the progress of anti-COVID-19 vaccination.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America 3D display market. The North America 3D display market is expected to grow at a good CAGR during the forecast period.