Global 3D 4D Technology Market - Segmented by Type, Vertical (Healthcare, Entertainment and Media, Education, Government, Industrial, Consumer Electronics), and Region - Growth, Trends, and Forecast (2022 - 2030)

The 3D 4D Technology market was valued at USD 149.81 billion in 2017 and is expected to register a CAGR of 16.09% during the forecast period (2018 - 2023). Incorporating new and advanced products into existing work environments, to simplify tasks is increasingly becoming an important tool for enhancing business process efficiency. 3D/4D Technology products provide flexibility, even in the most complex of work environments. The use of this technology helps in generating accurate information before the final production, to avoid flawed outcomes, and thus, reduce production cost and time. The scope of the study is segmented by various types of 3D technology and end-user vertical.

Increasing Applications Of 3D Printing is the Major Driver for the Market

Prototyping is estimated to occupy 70% of the 3D printing market in the current scenario. It enables testing before sending the final designs to manufacturers, as well as provides a clear demonstration of the products for sales and collaborations. The customization option of 3D printing, which is important for complex design items, medical and dental implants, etc., provides varied applications of 3D printing. The unique tools and the appeal to consumer goods enhance the market. The table below provides examples of various industries where 3D printing is used. Various applications in the industry sector are expected to drive the market in the forecast period.

Prototyping is estimated to occupy 70% of the 3D printing market in the current scenario. It enables testing before sending the final designs to manufacturers, as well as provides a clear demonstration of the products for sales and collaborations. The customization option of 3D printing, which is important for complex design items, medical and dental implants, etc., provides varied applications of 3D printing. The unique tools and the appeal to consumer goods enhance the market. The table below provides examples of various industries where 3D printing is used. Various applications in the industry sector are expected to drive the market in the forecast period.

3D Imaging segment is expected to have a Significant Market Share

3D imaging provides a visual effect that generates a perception of depth and viewers get an enriched 360-degree viewing experience of the image. It is being used by various industry verticals for several purposes, such as better visualization and improved imaging. This has increased the demand for this technology among organizations. The commercialization of 3D imaging solutions has increased across a wide range of products, such as animation, smart phones, computers, televisions, gaming, cameras, and camcorders. The major utilization of 3D imaging is in the medical and healthcare sectors for augmented patient care and diagnosis. The technologies used are anaglyph, holography, and stereoscopic and volumetric display to name the major ones. The 3D imaging market is majorly driven by the fact that it delivers an image with a third-dimensional depth and offers a broad range of applications.

Europe is expected to Hold Second Position

The market is witnessing substantial growth with the rapid adoption of 3D technology in applications, like healthcare, education, and consumer electronics. In health care, 3D printing is used in reconstructive surgery. Healthcare expenditure is on the rise with more than 80% of it being publicly funded. According to recent reports, the healthcare vertical will witness lucrative growth as more 3D products are used for modeling and proper diagnosis. Companies, like Siemens are manufacturing products, like Orbic 3D with functionality for intraoperative 3D imaging in surgeries. Olympus has launched 3D imaging solution for clinical surgeries with more light sensitive images and greater depth of field, along with an elimination of manual operating.

Key Developments in the Market

•March 2018 - ICON paired with New Story to build cheap 3D printed homes. The collaboration is expected to works towards deploying a 3D-printer capable of manufacturing an 800-square-foot house in under 24 hours for less than $5,000
•March 2018 - Hexagon acquired AGTEK. AGTEK works in building 3D takeoff (cost estimation) software for civil construction and is the developer of the Earthwork 4D, a takeoff, modelling, and production tracking solution for civil contractors

The major players include - 3D SYSTEMS CORPORATION, DOLBY LABORATORIES, INC., LG ELECTRONICS INC., BARCO N.V., SAMSUNG ELECTRONICS CO., LTD., AUTODESK, INC., STRATASYS, INC., PANASONIC CORPORATION, and SONY CORPORATION, amongst others.

Reasons to Purchase This Report

•Current and future 3D 4D Technology Market outlook in the developed and emerging markets
•Analysing various perspectives of the market with the help of Porter’s five forces analysis
•The segment that is expected to dominate the market
•Regions that are expected to witness fastest growth during the forecast period
•Identifying the latest developments, market shares, and strategies employed by the major market players
•3-month analyst support, along with the Market Estimate sheet (in Excel)

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