The 3D and 4D technology market is expected to grow at a CAGR of 15.63% over the forecast period and reach US$369.761 billion by 2024 from US$154.675 billion in 2018. The growing gaming and entertainment industry across the globe is the major factor that is driving the growth of the global 3D & 4D Technology market. Other major drivers include the rising adoption of 3D technology in TVs and smartphones, the growing demand for 3D movies by consumers, and the increasing use of 3D and 4D technology in the military and defense sectors. Growing CAD-based additive manufacturing and rising use of HMDs (Head Mounted Displays) provide a great opportunity to 3D & 4D technology market in the coming years. However, high initial investment and the availability of relatively affordable 2D technology impacts the growth potential of the market.
Growing trend of smart manufacturing.
Increasing production of 3D films.
Prevalence of 2D technology.
In May 2019, HP Development Company L.P expanded its industrial 3D printing portfolio with a launch of new Jet Fusion 5200 series.
Vayyar announced the launch of the first automotive 4D point cloud application on a single radar chip in June 2019.
In February 2019, Koninklijke Philips N.V. launched the EPIQ Elite ultrasound system that uses 3D and 4D technology which has the ability to reduce vascular examination times and improve assessment of babies during pregnancy.
Nanometrics Incorporated announced in November 2018 that it has completed the acquisition of 4D Technology Corporation which is expected to expand its portfolio and improve its position in the market.
Major industry players profiled as part of the report are Stratasys Ltd., HP Development Company LP, Samsung Electronics Co., Ltd., and 3D Systems Corporation among others.
The 3D and 4D technology market has been analyzed through the following segments:
3D imaging solution
Media & Entertainment
Middle East and Africa
United Arab Emirates