The global 3D glass market size is slated to reach USD 3 billion by 2023, according to the latest report by Market Research Future (MRFR). It can exhibit 33% CAGR from 2017 to 2023. The market report pinpoints new growth trajectories and revenue pockets for the industry during the forecast period of 2020 to 2027. The COVID-19 pandemic and its role in the market constitutes a major part of the report.
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Market Scope
The Global 3D Glass Market is expected to perform exceptionally owing to rise of augmented and virtual reality headsets. The technology is likely to be ubiquitous with various production studios aiming to produce movies in the format to attract a new demographic of viewers. The increased buying power of consumers and demand for 3D TVs is likely to augur favorably for the market. Use of active 3D shutters that runs in synchronization with the onscreen display rate as well as enhance effects of 3D can bode well for the market.
But glass-free screens and home theaters that can display 3D movies can threaten market growth.
Segmentation
3D Back Cover Glass Segment to Dominate Market
On the basis of type, the market is divided into 3D display glass and 3D back cover glass. The 3D back cover glass segment is set to rule the market owing to cover glasses being required to provide an extra layer of protection.
Televisions and Smartphones to Garner Significant Market Demand
On the basis of application, the market is segmented into wearable device, televisions, virtual reality headset, smartphones, and others. Televisions and smartphones are expected to lead in market due to popularity of 3D movies. The rising trend of consumption of content in the comfort of homes can bode well for the market.
Coating Material to Dominate 3D Glass Market
By production material, the market is segmented into coating material, glass substrate, polishing material, and others. The coating material is expected to capture a large market share owing to a huge demand from cinema halls. Anaglyph glasses used combination of cyan and red filters to focus on images correctly.
Regional Analysis
APAC to Dominate Global Market
APAC is expected to dominate the global market due to demand for smart glass by various smartphone manufacturers in the region. Implementation of 3D glass in latest smartphones coupled with large number of smartphone savvy customers can favor the market greatly.
Competitive Analysis
Triumph Science & Technology Co Ltd (China), Shenzhen O-film Tech (China), Henan Comyoung Electronics Co., Ltd (China), Corning Inc (U.S.), Lens Technology (China), BYD Electronic Company Limited (China), Zhejiang Firstar Panel Technology Co., Ltd (China), JiangXi Holitech Technology Co., Ltd (China), G-TECH Optoelectronics Corporation (Taiwan), CPT Technology (Group) Co Ltd (China), and Dongguan RBD Technology Co., Ltd (China) are key players in the global 3D glass market.
Industry News
G-Tech Optoelectronics has become the sole provider of 3D glass displays to a European car developer.
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