Market Introduction
Europe comprises developed economies, such as Germany, Russia, France, the UK, and Italy. Apart from automotive, media & entertainment is one of the biggest industries in Europe. The popularity of 3D movies has witnessed a steep rise from the last few years. Several movies theatres based in the region are adopting 3D displays to enhance the viewer experience. For instance, in March 2018, Arena Cinemas, a Switzerland-based theatre, installed Samsung’s 3D cinema LED. The screen maintains reliable brightness for perfect delivery of subtitle text, images, and minor visual details for viewers. Samsung’s Digital Cinema Initiatives certified high dynamic range theater Cinema LED screen display offers consumers a next-generation viewing experience. Switzerland is one of the growing hubs in the region for the film industry and a perfect location to introduce 3D Cinema LED screen. The 3D display design enabled Arena Cinemas to eradicate its projector closet, which makes room for additional seats. Thus, growing advancements in the media & entertainment industry would significantly push the European market toward growth during the forecast period.
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Russia, the UK, France, Spain, Italy, and Germany are among the worst-affected European countries by the COVID-19 pandemic. Businesses in the region are facing severe economic difficulties as they had to suspend operations or reduce activities in a substantial manner. The region is a major manufacturing and industrial hub for sectors such as consumer electronics and automotive. Hence, due to business lockdowns, travel bans, and supply chain disruptions, Europe witnessed an economic slowdown till Mid-2021. Italy, Spain, and Germany implemented drastic measures and travel restrictions to limit the spread of COVID-19 in 2020 and in several months in 2021. European countries are the major developers and adopters of 3D displays due to the high purchasing power of people and the presence of evolved advertising industry. The region invests huge resources in the development of 3D display technologies for the automotive industry. Major automotive players such as Continental AG and Volkswagen have implemented holographic displays in their vehicles. However, upon the onset of COVID-19, the manufacturing of 3D display devices witnessed a sharp decline in European countries, and automotive and other industries were under stress till mid-2021. Moreover, disruptions in raw materials and electronic component supply from China further aggravated the difficulties of manufacturing industries in this region. All these factors limited the 3D display market growth in Europe in 2020 and early 2021.
Europe 3D Display Strategic Insights
Strategic insights for the Europe 3D Display provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
Market leaders and key company profiles
AU Optronics Corp.
BOE Technology Group
Fujifilm Corporation
Innolux Corporation
Leia Inc.
LG Electronics Inc.
Looking Glass Factory Inc
Mitsubishi Electric Corporation
Panasonic Corporation
Samsung Group
Europe 3D Display Regional Insights
The geographic scope of the Europe 3D Display refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
Key Market Segments
The Europe 3D display market is segmented into type, technology, application, and country. Based on type, the Europe 3D display market is segmented into stereoscopic 3D display and autostereoscopic 3D display. Autostereoscopic 3D display segment held the largest market share in 2020. Based on technology, the 3D display market is divided into digital light processing, organic light emitting diode, and light emitting diode. Digital light processing segment held the largest market share in 2020. Based on application, the Europe 3D display market is divided into consumer electronics, automobile, medical, advertising, retail, military and defense, and others. Advertising segment held the largest market share in 2020. Based on country the Europe 3D display market is segmented into France, Germany, Italy, UK, Russia, and rest of Europe. Rest of Europe held the largest market share in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the 3D display market in Europe are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are AU Optronics Corp., BOE Technology Group, Fujifilm Corporation, Innolux Corporation, Leia Inc., LG Electronics Inc., Looking Glass Factory Inc., Mitsubishi Electric Corporation, Panasonic Corporation, Samsung Group, Sharp Corporation, Sony Corporation, and Toshiba Corporation.
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Author’s Bio
Akshay
Senior Market Research Expert at Business Market Insights
