USD 11.14 billion
Report ID: SQMIG45I2045 | Region: Global | Published Date: November, 2022 | Pages: 165 | Tables: 144 | Figures: 69
Global 3D Glasses market size was valued at USD 11.14 billion in 2021, and it is anticipated to attain a value of USD 14.32 billion by 2028, at a CAGR of 3.65% over the prediction period (2022-2028).
In the last few years, 3D glasses have contributed significantly to the growth of eyewear by providing users with new experiences in gaming and watching 3D content. Both 2D and 3D content can be displayed on the 3D glasses. Currently, three types of 3D glass available in the market namely anaglyph, polarized, and shutter. Easy customization of products according to the needs and preferences of the user is one of the primary factors driving the growth of the 3D glass market.
The increasing availability of technologically advanced computing devices, rising internet penetration across the globe, easy accessibility to TV channels and internet services such as live and on-demand services, declining prices of 3D TV are driving adoption of 3D glasses, and the emergence of glasses-free technology for 3D TVs are some of the key factors that are likely to flourish the 3D glasses market during the forecast period.
Global Market Size
USD 11.14 billion
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The Global 3D glasses market is segmented based on Type, End-User, Application, Distribution Channel, price point, and region. Based on Type it is categorized into: Active, Shutter Polarized, Anaglyph. Based on End-User it is categorized into: Consumer Electronics, Aerospace, Industrial. Based on Application it is categorized into: Smartphones, Wearable Device, Televisions, Virtual Reality Headset. Based on Distribution Channel it is categorized into: E-commerce, Retail Stores. Based on price point, the market is segmented into premium, medium, economy. Based on region it is categorized into: North America, Europe, Asia-Pacific, South America, and MEA.
Analysis by Type
The active shutter 3D glasses segment is expected to dominate the 3D glasses market throughout the projected period (2022-2028), with a CAGR of 4.1 %. The worldwide active shutter 3D Glasses segment will be led by the United States, Canada, Japan, China, and Europe. These regional markets, which had a combined market value of USD 4300 million in 2020, are expected to grow to USD 5700 million by the end of the projection period (2022-2028). China will continue to be one of the fastest expanding markets in this cluster of regional markets. The Asia-Pacific market is expected to reach USD 1500 million by 2027, led by nations such as Australia, India, and South Korea.
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In 2021, the 3D Glasses industry in the United States was estimated to be worth USD 3000 million. The United States also has a strong culture of innovation and early adoption of new technology, which has influenced the high demand for 3D glasses in the nation. The market for 3D glasses is expected to continue to be significantly influenced by the United States in the future. This is due in part to both the 3D glasses industry's ongoing innovation and the economy's and population's continued growth. In terms of local market demand for 3D glasses, the top 5 states are California, Texas, Florida, New York, and Illinois. These states account for more than half of all 3D glasses purchases in the country. This concentration is brought on by particular states' high levels of disposable income and high population density. Additionally, compared to the national average, these states have more households with 3D televisions.
China, the world's second-largest economy, is estimated to reach a market size of USD 2300 million by 2028, growing with a CAGR of 3.6 % between 2021 and 2028. Other notable geographic markets include Japan which is expected to increase at 3.5 % between 2022 and 2028. Economies like Japan's have a big impact on the market's expansion. One aspect in the expansion is the rise in local customer cell phone usage. The market is growing as a result of increased import and export activities, as well as producer research and development into 3D glass technology. For instance, Japan exported 3D glasses to more than 150 nations. The information demonstrates the market potential of Japanese exporters.
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Increased Consumer Demand for 3D Technology to Boost Demand for 3D Glasses in Global Market
The growing popularity of 3D movies fuels the demand for premium and personal 3D eyewear. Furthermore, as home theatre technology advances, people are willing to spend more on 3D eyewear, fueling the growth of the 3D glass market.
One of the primary drivers propelling the growth of the 3D glasses business is the increased adoption of 3D dual curved glasses in smartphones developed by companies like Samsung and Apple. The market's growth has been fueled by falling 3D TV costs, rising consumer interest, and the use of 3D glasses as a result of increased and intense competition. The growth of technologies like AR and VR is also expected to have an impact on the market for 3D glasses. These glasses have considerably aided in the growth of the eyewear industry by giving clients new gaming and 3D viewing experiences. The creation of 3D glasses made it possible for the eyewear business to offer a variety of 3D substitutes. One of the key factors influencing the growth of the 3D glasses market is the ease with which goods can be modified to meet client wants and preferences.
High Cost associated with 3D Technology Components to Hinder Market Growth
A significant disadvantage of 3D virtual reality glasses is their expensive implementation and production costs, which is anticipated to impede the market's expansion. To make sure that everyone has access to these glasses, large firms with lots of employees and schools with lots of students must make significant financial investments. Furthermore, 3D virtual reality headsets demand high levels of ability and training for use, which are lacking in many nations, especially developing ones.
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There are many companies active in the global 3D glasses market, but the market is still relatively new. This means that there is a lot of room for new companies to enter and make a difference. In this competitive analysis, we will look at the three main companies in the market: Samsung, HTC, and Oculus VR. We will also look at their products and see how they compare. These companies are trying to gain a foothold in this growing market by releasing new models of 3D glasses each year. In addition to releasing new models, these companies are also trying to improve their existing products. Samsung, for example, is currently working on a virtual reality headset that uses 3D glasses.
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According to our Global 3D Glasses Market analysis, Anaglyph 3D Glasses segment is expected to grow significantly. Following an early assessment of the commercial ramifications of the pandemic and the resulting economic crisis, growth in the Polarized 3D Glasses category is revised to a revised 3.6 % CAGR over the next seven years.
|Market size value in 2021||USD 11.14 billion|
|Market size value in 2028||USD 14.32 billion|
|Forecast Unit (Value)||USD Billion|
|Regions covered||North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)|
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Parent Market Analysis
KEY MARKET INSIGHTS
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Global 3D Glasses Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global 3D Glasses Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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The CAGR of 3D Glass Market for forcasted year will be 3.65%
The Asia-Pacific region is estimated to have the highest growth rate in the 3D glass market. China, the world's second-largest economy, is estimated to reach a market size of USD 2300 million by 2028, growing with a CAGR of 3.6 % between 2021 and 2028
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