Market Overview
The adoption of 3D
technology Market is vigorously increasing in various industrial verticals.
3D technology is three-dimensional visualization to bring out the reality in an
image. Pictures displayed by this technology give a natural and interactive
look. Due to its core advantages and features are implemented in different
sectors such as healthcare, aerospace, automotive, defense, etc. These
industries are driving the 3D
Technology Market at the
global level.
The gaming developers are using 3D technology to give a
real gaming experience to the players, which is acting as a key driver of the
market. Large enterprises are implementing this technology to advance their
systems. The technology has proven its excellence in architectural application
and design. Industrialists and business professionals are major market drivers
due to their higher investment in technology for industrial applications. This
technology is highly used in the healthcare industry for medical applications.
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During the pandemic, industrial activities were halted.
The manufacturing units and production units were shut down, which has led to
higher financial loss and disrupted the industries' supply chain process. As
the industrial process was closed for a longer period due to lockdown, the 3D Technology Market also got badly affected. But in the further days,
people inclined towards 3D technology for a better experience and to boost
their industrial performance. The rising opportunities of the market to lift its
demand in the future years. The broadening of this technology in the gaming
industry and its usage industry verticals to increase the growth value of the
market.
The 3D
Technology Market is
estimated to reach a strong CAGR of 16.3 % and a value of USD 707.4 billion by
2030 during the evaluation period.
Market Segmentation
The 3D
technology market is segmented
into product types and applications. The product type segment of the market has
various 3D products such as 3D scanners, 3D printers, 3D display technology, 3D
glasses, 3D cameras, and 3D image designing. 3D cameras use stereo 4K mode for
high clarity. The 3D scanners are beneficial for animation and game developers.
The application section of the market comprises
healthcare, government, architecture, aerospace and defense, manufacturing,
media and entertainment, government, and other sectors. The healthcare industry
vastly uses 3D technology for different medical applications such as for
complex operations, medical devices, implants, prosthetics, and models, which
is advancing treatment.
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Regional Analysis
The geographical report of the 3D Technology Market shows the distribution of the market in major
continents such as North America, Europe, Asia-Pacific, and the rest of the
world.
Among all these above regions, the North American region
accounts for maximum market share due to the rise in investments in several
industrial sectors such as forensic labs, architecture, medical field, defense,
and media and entertainment. The European market is also progressing at a
higher rate due to the increased usage of 3D technologies in large enterprises
and start-ups. The Asia Pacific region is noticed to show rapid growth during
the review period because of the higher investment of industrial players in
healthcare sectors.
Industry News
·
GXO logistics Inc to
deploy 3D technology automation for creating custom-sized packaging.
·
German 3D printing
technology developer Headmade Materials has secured EU funding worth €5.8
million.
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