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SE200399 |
Pages: 180 |
Nov 2019 |
The 3D and 4D technology market will witness growth, mainly because of rising disposable income in the developed and developing nations, accelerating technological advances and growing demand for 3D and 4D printing in the comprehensive fields such as consumer electronics, education, and healthcare. 3D technology has been incorporated in almost every aspect of technology across the globe. The latest advancements in additive manufacturing, commonly called 3D printing, are also majorly used to create complex shapes using traditional fabrication techniques. Furthermore, 4D printed objects are printed just as 3D printed shape, but the 4D Printing technology uses advanced and programmable materials that perform a different functionality by the addition of hot water, heat or light.
Extensively rising popularity for the media & entertainment industry is one of the significant factors for the growth of 3D and 4D technologies. Internet advertising, Virtual reality (VR), and over-the-top (OTT) video shall see the most annual growth between the year 2018 to 2023. Moreover, music, movies, and video games are the segments in which the use of 3D Technology is at a larger scale. 3D Printing, 3D Scanning, 3D Visual Effects, and 3D Sound Effects are some of the new applications of 3D technology in Entertainment industry, for the development of Movies, and Video Games. The entertainment industry is one of the major end-users of 3D and 4D Technologies. The number of 3D Movies and Games releases are increasing continuously in the past few years and gaining consumer interests, thereby boosting the 3D and 4D Technology market in the forecast period.
3D printing materials cost make the technologies expensive. The industrial-grade 3D printers are still expensive, which is anticipated to restrain the growth of the global market. Moreover, 3D computers emit hazardous volatile organic compounds during printing which can cause lung diseases. These factors are anticipated to bring a decline in the demand for 3D and 4D technologies.
Like in other industries, 3D printing technology can be utilized to develop new manufacturing processes. The distinctive 3D and 4D printed shoes are anticipated to create immense opportunities for the global market. 4D midsole in the shoes is the recent innovation for the professional athletes and regular gym users. This novel 4D midsole is designed to provide the most intuitive energy along with breathable cushioning. In these shoes, the midsole is printed with oxygen and light resins to manufacture durable, high-performance shoes. 3D printed shoes are designed with integrated features such as super-lightweight, maximum reflectivity and are more comfortable. Moreover, these shoes offer optimal foot control, stability, and durability. So, this technology has key advantages for both consumers and athletes. Furthermore, by using 3D scanners, top players are manufacturing custom-fitted shoes for professional sportspeople. This shoe increases the athlete’s control in the field and also allows shoes to be consistently adjusted. In addition, huge sport apparel ventures such as Reebok and Adidas are investing heavily in 3D printing development for sports shoes; eventually, this will make a significant impact on the growth of the global 3D and 4D technology market.
3D imaging solutions and 3D cameras are projected to hike at a healthy CAGR, during the projected period. Extensively growing investments in R&D for the enhancement of technologies and rising applications of 3D input devices is a significant factor for the growth of the 3D and 4D technology market. Moreover, growing popularity for 3D content, high availability of 3D display devices and technological innovation in 3D acquisition devices are the key factors for the massive growth of 3D and 4D technology in the global market.
Asia-Pacific region has a rapidly growing market and is anticipated to cross $xx million by 2026. Major countries that have strong potential for 3D technology applications in countries are China, India, and Japan. Also, increasing adoption of 3D technology in the applications, such as consumer electronics, education, and healthcare. Furthermore, healthy disposable income growth, intensive lifestyle change, and preference for faster manufacturing with the right technology, are expected to create demand for the 3D and 4D technology devices, which are further anticipated to support to drive the Asian 3D and 4D technology market.
North America region has the major market share and is projected to surpass $xx million, during the forecast period, with a healthy CAGR. Accelerating technological advances along with heavy investment by Top players such as Autodesk Inc. are anticipated to boost the growth of North America 3D and 4D technology market.
To explore more about 3D and 4D technology market, get in touch with our analysts here.
Some of the significant 3D and 4D technology market players include FARO Technologies, Inc., COGNEX CORPORATION, SAMSUNG, Autodesk Inc., 3D Systems, Inc., Vicon Motion Systems Ltd., HEXAGON, Dassault Systèmes, Stratasys Ltd., and Barco.
Market Players prefer inorganic growth strategies to expand into local markets. 3D and 4D Technology market players are emphasizing more on merger & acquisition and advanced product development. These are the frequent strategies followed by established organizations. To emphasize more on the competitor analysis of market players, the porter’s five force model is explained in the report.
Aspect |
Particulars |
Historical Market Estimations |
2018-2019 |
Base Year for Market Estimation |
2018 |
Forecast timeline for Market Projection |
2019-2026 |
Geographical Scope |
North America, Europe, Asia-Pacific, LAMEA |
Segmentation by Technology |
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Key Countries Covered |
U.S., Canada, Germany, France, Spain,Russia, Japan, China, India, South Korea, Australia, Brazil, and Saudi Arabia |
Key Companies Profiled |
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