3D Technology Market Research Report, the market has an expected growth of approximately USD 707.4 Billion by 2030

 By 2030, the 3D technology market is expected to be worth USD 707.4 billion. Three-dimensional (3D) technology refers to the modelling, printing, projection, and rendering of objects in three dimensions to provide depth perception, which is more realistic in a two-dimensional (2D) plane. Between 2020 and 2030, there is a predicted 16.3% CAGR for the global market for 3D technologies.

Market Dynamics:

The explosive growth of the entertainment industry especially gaming and associated technologies such as the development of microarchitecture design, growing digitization, and adoption of smart devices, employing virtual reality are the significant drivers of the market.

Technological advances such as head mounted displays, development of focus tunable displays coupled with demand for improved user experience are other factors driving the market. Development of light field cameras, which can re-focus pictures, by using a microlens array and particular light field sensor permitting multidimensional light field to be recorded, is a necessary antecedent. Eye tracking technology is a critical development which is expected to change the outlook of the sector.

The explosive adoption of virtual reality in a host of applications ranging from aerospace, defense, gaming, training, industrial, medical sector, consumer electronics and others are driving a faster growth. Demand for better user experience has led to the adoption of the technology in new generation PC especially for designing and architectural application.

The 3D images are more interactive and closer to reality, which allows for greater accurate and precise representation of the object. Growing need for precise surveying and increasing application expanse such as geography, atmospheric research, meteorology, archaeology, astronomy, geology, seismology, and forestry is the prime driver of the market. The ability to develop high-resolution maps and mapping hidden morphological structures not possible by conventional technology is the excellent advantage of 3D.

High Installation And Maintenance Cost Coupled With The Nascent Stage Of The Technology Is A Prime Restraint On The Market

The high cost of installation and maintenance, high degree of secrecy owing to the strategic nature of 3D technology hampers the development of the market.

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Key Players

Some of the prominent vendors operating in the 3D technology market are – 3D Systems, Inc. (U.S), 3D Hubs (Netherland), WASP 3D (Italy), Voxel8, Inc. (U.S), Faro Technologies, Inc. (U.S.), Hexagon AB (Sweden), HP Development Company, L.P. (U.S),  Panasonic Corporation (Japan), ExOne (U.S), Sony Corporation (Japan) and others.

Segmentation:

To gain a 360-degree view of the global 3D technology market, the report is segmented based on product type, application, and region.

Based on the product type, the market is segregated into the 3D printer, 3D scanner, 3D glasses, 3D camera, 3D image designing, and 3D display technology.

Based on the applications, the market is segregated into healthcare, media and entertainment, government, aerospace & defense, manufacturing, architecture, and others

Based on regions, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa.

Regional Analysis:

North America led by the U.S. accounts for the largest market for 3D technology. The adoption of 3D technology as a strategic arena by the U.S. Geological Survey Experimental Advanced Airborne Research is an example of the dominance of the U.S. The European market is dominated by Germany, France, and the U.K. The applications of 3D in designing is the fastest applications expanse of 3D in Europe.

The Asia- Pacific market is led by China, Japan, and India and is expected to be the fastest growing market. The Middle East and Africa market are dominated by Gulf economies of Saudi Arabia, UAE, Kuwait, and Qatar.

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