3D Technology Market Research Report- Global Forecast to 2030

3D Technology Market, By Product Type (3D Camera, 3D Scanner, 3D Printer, 3D Image Designing, 3D Display Technology), By Application (Healthcare, Media & Entertainment, Government, Aerospace & Defense, Manufacturing, Architecture and Others)- Forecast 2030

ID: MRFR/ICT/1980-HCR | 100 Pages | Published By Ankit Gupta on March 2023         

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3D Technology Market

3D technology market is valuation of USD 707.4 billion by the year 2030

By Product Type 3D Camera 3D Scanner 3D Printer 3D Image Designing 3D Display Technology
By Application Healthcare Media & Entertainment Government Aerospace & Defense Manufacturing Architecture
Key Players
Companies Profiled   WASP 3D (Italy)   3D Systems Inc. (U.S)   HP Development Company L.P. (U.S)   3D Hubs (Netherland)   Sony Corporation (Japan)   Voxel8 Inc. (U.S)   Panasonic Corporation (Japan)   Faro Technologies Inc. (U.S.)   ExOne (U.S)   Hexagon AB (Sweden)
Market Driving Forces   Soaring up to optimum levels in recent times    The reason behind it is the expansion of the utilization of 3D technology not only in gaming but also in other fields
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Market Overview

The 3D technology market is skyrocketing at a rapid pace over the recent years and will progress towards greater heights in the upcoming times. The market revenue is estimated to attain a valuation of USD 707.4 billion by the year 2030 with a CAGR of 16.3 percent during the forecast period (2021-2030).

3D technology uses the three-dimensional image to provide the perception of depth and reality in an image. Pictures displayed utilizing 3D technology are designed to look natural and interactive and advantages the user to get engaged in the scene and feel as if it is real. The creation of these images in the 3D technology industry is a complete process of geometry, tessellation, and rendering. It provides the most precise and accurate picture of any object. All the benefits provided to the users escalate the demand for 3D technology, which in turn propels the 3D technology market growth. As per the 3D technology market forecast, the expansion of 3D technology in several fields helps in the elevation of the 3D technology market share.

Recent innovations in the 3D technology market trends have bought revolutionary reforms not only in gaming but also in other fields. The utilization of these technologies has broadened from gaming to product design, personal entertainment, and corporate presentation. All the last generation personal computers incorporating 3D technology in the systems, and such implementation is proving to be great in architectural application and designing. The market is using a wide range of products, including 3D glasses, cameras, scanners, and many more. The cameras are widely used in the advertisement and animation field. It provides crystal clear pictures and shoots in the Stereo 4K mode, which has surged the 3D technology market demand and has pushed the market growth to optimum levels.

The usage of the technology in different sectors like the healthcare industry, aerospace, automotive, defense, etc., has created numerous 3D technology market opportunities for growth. So far, the technology has not produced a major impact in the global market, but the industrialist and enterprises are immensely aware of its advantages and potential in the future. The extremely popular applications of the market are seen in PC, education and industrial tool, and architecture which lead to the escalation in the potential of the market.

The report described the insights into the market structure along with the forecasted market growth rate and expected valuation in the next many years. It provides an analysis of the COVID19 impact on the 3D technology industry and gives an idea about the major market factors, including several opportunities and challenges in the market growth. The report explains various segments and sub-segments of the market and tells about the market key players who have immense control over the market growth in the forecast years. It puts light on several geographies that can influence the 3D technology market growth during the forecast period.

COVID19 Analysis

The COVID19 pandemic has created mass devastation in the global economy and has brought down the economic growth rate to extremely lower levels. The financial and health crisis that originated as a consequence of the pandemic is disturbing the entire world. Businesses and the working sector became unable to perform their day-to-day activities and have to bear severe financial losses. During the lockdown, industrial activities and production units were restricted to execute normal functions, which severely disrupted the entire supply chain. However, the market sustained these harsh circumstances and was able to maintain a stable growth rate. In the lockdown, people turned more towards utilization of advanced technologies and adopted 3D technology for having a better experience which boosted the market demand.

The broadening of 3D technology from gaming to other sectors is surging the demand of the global market. The usage in the aviation, healthcare industry, and automotive sectors is aiding in the expansion of the 3D technology market size and will help in projecting the market to maximum heights in the upcoming years.

Market Dynamics

  • Major drivers of the market

The market is soaring up to optimum levels in recent times, and the reason behind it is the expansion of the utilization of 3D technology not only in gaming but also in other fields. Its usage has broadened from gaming to product design, personal entertainment, and corporate representation, which act as an important driving force in the growth. Nowadays, almost all the enterprises manufacturing personal computers are implementing 3D technology in the systems. The incorporation of this technology is proving to be excellent for architectural application and design.

Industrialists and businessmen are quite aware of the future potential and advantages of adopting the 3D technology industry. The popular application of the market can be found in architecture, education, and industrial tool, and in PC, which in turn enhances the expansion of market size.

  • Significant growth opportunities for the market

The advantageous features of the 3D technology are delivering numerous 3D technology market opportunities for growth. With the technology utilization, images and scenes seem real and depict depth in the image, which interacts with the user and gets them involved in the scene. The recent innovation in market trends bought revolutionary changes in the technology and broadened the utilization from just gaming to several other fields.

According to the 3D technology market forecast, a wide range of products associated with 3D technology is prompting the potential of the market. The 3D camera allows stereo 4K mode quality images and videos using both lenses to shoot detailed images similar to the run cinema projector. The scanner removes the requirement of collecting data physically and scans the smallest details that help game and animation creators. The glasses produced in the 3D technology industry are widely used in the entertainment sector and benefit both producers and consumers. It is available at much cheaper rates with no requirement of power source or transmitters, which raises the adoption and upsurges the growth of the 3D technology market share.

  • Market restraints

With the surfacing of the coronavirus pandemic, the market and the global economy were immensely impacted. During the pandemic, industrial processes and manufacturing units were closed for an indefinite time, which disturbed the entire supply chain. But the increased market demand due to the rapid shift towards technological advancements helped in sustaining the market growth in the pandemic.

  • Market growth challenges

Even after numerous market opportunities, the market possesses certain challenges which can hinder the market growth. Lack of awareness about the 3D technology among people can hamper the expansion of the market size. The complex operations are also limitations that can constrain the market potential.

Value Chain Analysis

As per the 3D technology market forecast, the value generation of the market in the past couple of years surged to greater levels. By the year 2022, the 3D technology market revenue will surpass any previous historical growth and will attain its momentum. In the upcoming years, the market share will proceed to the highest points exceeding all earlier growth rates.

Segment Overview

The market is fragmented into several segments on the basis of application and product type. By application, the market segmentation includes healthcare, government, manufacturing, media and entertainment, aerospace and defense, architecture, government, and other sectors. The healthcare industry uses these technologies in executing complex operations, implants, prosthetics, medical devices, and models, which revolutionize the traditional methods of treatment.

The product type segment of the market involves 3D scanners, 3D printers, 3D glasses, 3D cameras, 3D display technology, 3D image designing. The 3D camera uses stereo 4K mode that shoots with utmost clarity, and the scanner benefits animation as well as game developers.

Regional Analysis

The market is analyzed in different geographies such as North America, Europe, Asia-Pacific, and the remaining parts of the world. Among all the regions, North America holds the maximum market share due to its rising investments in several verticals like defense, architecture, forensic labs, medical field, and media and entertainment.

The European region is also evolving at a faster rate as big enterprises and startups are becoming aware of the technology benefits and investing a huge amount into it, which is elevating the market. Asia-Pacific region is also presumed to grow rapidly during the forecast period as major market key players are investing largely in the healthcare industry in the region.

Competitive Landscape of the market

The prominent 3D technology market key players are:

  • WASP 3D (Italy)

  • 3D Systems, Inc. (U.S)

  • HP Development Company, L.P. (U.S)

  • 3D Hubs (Netherland)

  • Sony Corporation (Japan)

  • Voxel8, Inc. (U.S)

  • Panasonic Corporation (Japan)

  • Faro Technologies, Inc. (U.S.)

  • ExOne (U.S)

  • Hexagon AB (Sweden)

Report Scope:

Report Attribute/Metric Details
  Market Size   USD 707.4 Billion
  CAGR   16.3 %
  Base Year   2019
  Forecast Period   2020-203
  Historical Data   2018
  Forecast Units   Value (USD Billion)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product Type, Application
  Geographies Covered   North America, Europe, Aisa Pacific
  Key Vendors   WASP 3D (Italy) 3D Systems Inc. (U.S) HP Development Company L.P. (U.S) 3D Hubs (Netherland) Sony Corporation (Japan) Voxel8 Inc. (U.S) Panasonic Corporation (Japan) Faro Technologies Inc. (U.S.) ExOne (U.S) Hexagon AB (Sweden)
  Key Market Opportunities   The advantageous features of the 3D technology are delivering numerous 3D technology market opportunities for growth.
  Key Market Drivers   Its usage has broadened from gaming to product design, personal entertainment, and corporate representation, which act as an important driving force in the growth.

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Frequently Asked Questions (FAQ) :

The global 3D technology market is poised to register a market value of USD 707.4 billion at a CAGR of approximately 16.3% over the review period (2021-2030).

The seamless expansion of the entertainment industry, particularly the gaming sector, is expected to contribute towards the growth trajectory of the global 3D technology market.

The North America region is accountable for the largest share of the market across the globe, followed by Europe and the Asia Pacific region, owing to the expansion of end-use industries.

The global 3D technology market is analyzed based on type and application, wherein the 3D scanner and 3D printer segments are expected to gain traction over the review period.

A few significant players in the global 3D technology market are Panasonic Corporation (Japan), HP Development Company, L.P. (U.S), Sony Corporation (Japan), ExOne (U.S), among others.