Global 3D and 4D Technology Market - Forecasts from 2019 to 2024

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. Growing gaming and entertainment industry across the globe is the major factor that is driving the growth of global 3D & 4D Technology market. Other major drivers include rising adoption of 3D technology in TVs and smartphones, growing demand for 3D movies by consumers, and increasing use of 3D and 4D technology in military and defence sector. Growing CAD-based additive manufacturing and rising use of HMDs (Head Mounted Displays) provide a great opportunity t3D & 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.

Drivers

Growing trend of smart manufacturing.

Increasing production of 3D films.

Restraints

Prevalence of 2D technology.

Industry Updates

In May 2019, HP Development Company L.P expanded its industrial 3D printing portfoliwith 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 treduce 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 texpand its portfoliand 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.

Segmentation

The 3D and 4D technology market has been analyzed through the following segments:

BY PRODUCT

3D sensors
3D display
3D imaging solution
3D printers
3D camera
Others

BY END-USER

Defense
Media & Entertainment
Automotive
Healthcare
Others

BY GEOGRAPHY

North America
USA
Canada
Mexico

South America
Brazil
Argentina
Others

Europe
United Kingdom
Germany
France
Italy
Spain
Others

Middle East and Africa
Saudi Arabia
United Arab Emirates
Israel
Others

Asia Pacific
China
Japan
India
South Korea
Others