3D technology is the three-dimensional representation, modeling, printing, projection, and rendering of objects to provide in depth perception, which is closer to being real in a two-dimension plane. The global 3D technology market is anticipated to grow at a 15 % CAGR between the forecast period of 2016 and 2022.
Growing Entertainment Industry Coupled With Technology Development Are The Prime Driver Of The Market
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.
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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.
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.
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, 3D Technology Industry 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.
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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