The global 3D Technology Market was worth US$ 238.44 billion in 2020, and it is anticipated to reach a valuation of US$ 636.17 billion, progressing with a CAGR of 17.54% between 2021 and 2026.
The growing games and entertainment industry is one of the factors driving the development of the global 3D technology market.
3D technology is a three-dimensional image that provides a deeper perception of any picture. The 3D images are created interactively so that users can join the scene and find the real scene. There is a growing demand for products based on 3D technology in a variety of applications such as the health, entertainment, government and defense, entertainment, aerospace, automotive and industrial sectors. 3D technology produces very accurate and precise images of objects. Using 3D technology in a variety of applications can save time and money in production. Designers at an early stage get ready-made tools that allow them to intuitively understand the feasibility of any product. The 3D technology market will experience growth primarily due to rising disposable income in developed and developing countries, accelerating technological advancement, and increasing demand in comprehensive sectors such as consumer electronics, education and electronics. medical care. 3D technology has been integrated into almost every aspect of technology around the world. The latest advancements in additive manufacturing, commonly referred to as 3D printing, are primarily used to create complex shapes using existing manufacturing techniques.
The increasing demand for 3D technology in various sectors, continuous technological advancement and the increasing adoption of digital technology in the healthcare sector are currently one of several key factors driving the growth of the global 3D technology market. The demand for advanced 3D technology is expected to grow globally as the use of 3D technology increases significantly in fields such as media and entertainment, medicine and medicine, aerospace and defense. The increasing use and ease of availability of technologies with features such as high precision are also expected to drive the demand for 3D technology in the global technology market during the forecast period. Also, the digitization of various sectors and the significant increase in the adoption of 3D scanning in the healthcare sector are other factors that are supposed to significantly drive the demand. The popularity of 3D technology is growing significantly due to the high precision of images captured with available 3D technology. This is another factor that is foreseen to drive demand for 3D technology for applications in fields such as healthcare, media and entertainment, aerospace, and defense. In addition, the cost reduction of 3D printers is driving the 3D technology market by increasing the adoption of printers in education and government sectors. Some of the factors contributing to the growth of the 3D technology market are the growing games and entertainment industry. The creation of 3D movies generates revenue in the worldwide market.
The number of movie and game releases has steadily increased and attracted the attention of consumers for the past few years, which has boosted the global 3D technology market in the review period. In addition, the increasing popularity of 3D content, the high availability of 3D display devices and technological innovation in 3D acquisition devices are key factors in which this technology has grown significantly in the global market. 3D imaging solutions and 3D cameras are expected to rise to a healthy CAGR over the envisioned period. Extensive investment in R&D to improve technology and increase in the application of 3D input devices is an important factor in the growth of the global 3D technology market. The rise of 3D games and visual effects will also affect the growth of the 3D technology business. The rise of 3D printing applications in the automotive and aerospace sectors and increased investments in this technology will drive the market. As the ease and usability of this technology increases, market revenue is supposed to increase.
The high cost of 3D technology is likely to be one of the main factors limiting adoption due to economic problems for consumers in some developing countries. Furthermore, some factors, such as the unavailability of 3D technology content and raw materials, are expected to limit the demand in the global 3D technology market.
This global market research report is segmented and sub-segmented into the following categories:
Global 3D Technology Market - By Product
The 3D printing segment currently has the largest share of sales and is foreseen to continue to dominate during the forecast period. This is due to increased demand and applications in the medical and media and entertainment industries.
Global 3D Technology Market - By Applications
The healthcare sector currently has the largest share of revenue and is believed to continue throughout the outlook period.
Impact of COVID-19 on the 3D Technology Market
The spread of COVID-19 has a major impact on the players operating in the 3D technology value chain. The growing demand for automobiles is one of the key factors driving the growth of the 3D technology market. However, it has had an impact on the growth as car sales have declined significantly around the world due to blockades imposed by other governments to slow the spread of Coronavirus. Also, these blockades affected the GDP and the per capita income of people around the world. Low disposable income led to a decline in the purchasing power of the public, resulting in a year-on-year decline in overall market growth. However, in the second half of the year, due to the stabilization of the automotive, home appliance and healthcare industries, inventory levels are expected to normalize and demand for 3D technology is supposed to increase. The spread of Coronavirus has affected the production of 3D I/O devices, as manufacturing facilities around the world are temporarily closed and demand is also declining to prevent the spread of infections.
The North American market for 3D technology is at the forefront due to investments in a variety of industries, including civil and architecture, media and entertainment, medical and forensic laboratories, and industrial manufacturing.
The 3D technology market in Europe is growing at a faster rate as startups and large corporations invest more and recognize potential future markets.
The Asia-Pacific 3D technology market will be one of the second most prominent markets after North America. The region is made up of giants with high investments in the health sector, there are several global companies in the region and other regional companies are also in the market because you are gaining traction.
The Asia Pacific region has a fast-growing market, and India, China and Japan are the main countries with high potential for the application of 3D technology in the area. Additionally, the adoption of 3D technology is increasing in applications such as consumer electronics, education, and healthcare. Also, increased healthy disposable income, intensive lifestyle changes, and a preference for faster manufacturing with the right technology are estimated to create a demand for 3D-enabled devices, helping the Asian market for 3D technology.
Major players in the global 3D technology market include Cognex Corporation, Faro Technologies, Inc., Autodesk Inc., Samsung, Vicon Motion Systems Ltd., Stratasys Ltd., 3D Systems, Inc., Dassault Systèmes, Hexagon, and Barco.
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 3D Technology Market, By Product
6.1.1 3D Glass
6.1.2 3D Camera
6.1.3 3D Scanner
6.1.4 3D Printer
6.1.5 3D Image Designing
6.1.6 3D Display Technology
6.1.7 Market Size Estimations & Forecasts (2021-2026)
6.1.8 Y-o-Y Growth Rate Analysis
6.1.9 Market Attractiveness Index
6.2 3D Technology Market, By Application
6.2.5 Market Size Estimations & Forecasts (2021-2026)
6.2.6 Y-o-Y Growth Rate Analysis
6.2.7 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.2 By Product
7.2.3 By Application
7.3.1 By Country
18.104.22.168 Rest of Europe
7.3.2 By Product
7.3.3 By Application
7.4 Asia Pacific
7.4.1 By Country
22.214.171.124 South Korea
126.96.36.199 South East Asia
188.8.131.52 Australia & NZ
184.108.40.206 Rest of Asia-Pacific
7.4.2 By Product
7.4.3 By Application
7.5 Latin America
7.5.1 By Country
220.127.116.11 Rest of Latin America
7.5.2 By Product
7.5.3 By Application
7.6 Middle East and Africa
7.6.1 By Country
18.104.22.168 Middle East
7.6.2 By Product
7.6.3 By Application
8. Key Player Analysis
8.1 Cognex Corporation
8.1.1 Business Description
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Faro Technologies, Inc
8.3 Autodesk Inc
8.5 Vicon Motion Systems Ltd
8.6 Stratasys Ltd
8.7 3D Systems, Inc
8.8 Dassault Systèmes
9. Market Outlook & Investment Opportunities
List of Tables
List of Figures