The 3D glasses market by 2023, size is projected to be valued US$ 14.81 billion and US$ 22.23 billion, respectively. Throughout the projection period, it is anticipated that demand for 3D glasses would increase at a CAGR of 4.16%.
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The major factors that are projected to positively impact the market’s growth include the rising use of 3D glasses in the military, healthcare industry, educational sector, and entertainment industry. Because 3D glasses have so many uses, including robotic surgery, phobia treatment, and surgery simulation, the healthcare industry is one of the biggest users of them. Moreover, 3D glasses offer MRI scan data that is significantly more accurate. As a result, it is anticipated that throughout the projection period, sales of 3D glasses would likely expand due to the exponentially growing use of 3D virtual reality glasses in the healthcare sector.
The sector is expanding swiftly as a result of the growing demand for 3D movie glasses. The popularity of 3D movies has increased demand for high-end, personalised 3D spectacles. The market for 3D glasses is being impacted by the evolving trends in home theatre technology. In order to improve their experience, consumers are willing to spend more for 3D eyewear.
The increasing usage of virtual reality (VR) technology is one trend that is anticipated to have a big impact on the market for 3D glasses in the future. Virtual reality headsets are gaining popularity, and many tech-savvy consumers and gamers feel that they are the future of entertainment. As a result, people may prefer immersive VR experiences over traditional 2D TV and other media.
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The opportunity to study the geography and history of significant locations in other countries using 3D glasses without having to travel there is motivating educational sectors to adopt the use of 3D glasses for improved learning. Because smartphones and the less expensive 3D glasses may be easily connected, an important factor in the market’s expansion is the rise in smartphone usage. Also, the glasses’ compatibility with smartphones protects the wearer’s mobility.
Key Takeaways from the 3D Glasses Market:
- Since it is utilised to view consumer 3D TVs and 3D projectors and produces a 3D effect for an image when used with 3D glasses, the active shutter category is predicted to dominate.
- The smartphone segment share is anticipated to be the greatest during the forecast period by application.
- The market for 3D glasses in the US surpassed US$ 3.1 billion in 2021. The great demand for 3D glasses in the country is a result of the innovation and early adoption of new technology that are valued highly in the United States.
- Due to the existence of gamers and the use of 3D TVs for gaming, Germany is predicted to grow within Europe’s 3D glasses market at a pace of roughly 3.7% CAGR.
- China’s economy, the second-largest in the world, is projected to expand at a CAGR of 3.6%.
- It is anticipated that having operating businesses in South Korea will hasten market expansion in the country.
Recent Developments in the Industry:
- In December 2021, IQH3D announced that its glasses-free 3D products would be showcased at CES Las Vegas 2022 in booth #19274. With research and development of glasses-free 3D items and cutting-edge software applications, which will be on display, IQH3D has created a new generation of 3D gadgets.
- In September 2021, Facebook Inc. and Ray-Ban unveiled their first set of smart glasses under the name “Ray-Ban Stories.”
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Segments Covered in the Report
By Type:
- Anaglyph 3D Glasses
- Polarized 3D Glasses
- Active Shutter 3D Glasses
By Application:
- Smartphone
- Wearable Device
- Televisions
- Virtual Reality Headsets
- Others
By Geography:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East & Africa (MEA)