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Global 3D Technology Market 2021: By Product (3D Printing, 3D Glasses, 3D Display Technology, 3D Imaging Software, 3D Camera), By Application (Healthcare, 3D Printing Industry, Entertainment, Automobile and Industrial, Government and Defense, Architecture, Others (Forensic & E-education)Global 3D Technology Market is the title of an upcoming report that is in the process of study and analysis at Trusted Business Insights. In the report, various aspects and scenarios are considered along with current and future scenarios. The report offers various aspects of the global 3d technology market such as industry insights, changing market dynamics in the industry, ongoing industry trends, in-depth market segmentation, competitive landscape, recent developments, and a neutral perspective towards market performance. In addition, the report includes insights into historical, current, and projected market size in terms of strategies of key players and product offerings, volume and value, future strategies along with market footprint, value chain trends, and key technological innovations. The global 3D technology market is segmented on the basis of product, application, and region. The Global 3D Technology market size was valued at USD $164 Billion in 2020, USD $180.4 Billion in 2021, forecasted to reach USD $198.44 Billion in 2022, and is projected to reach USD $425.37 Billion by 2030, and is anticipated to expand at a CAGR of 10% over the forecast period from 2020 to 2030.
Product Overview3D technology offers a cost-effective and affordable three-dimensional experience of an object. The devices and applications with efficient 3D technology is widely preferred over other devices that exist in the market with traditional 2D technology. Demand for various 3D technology-based products has been increasing in various sectors such as healthcare, entertainment, automobile, aerospace, government and defense, and industrial segments. 3D technology is capable of creating precise and highly accurate images of any object. Among 3D technologies, 3D scanning technology is widely used in application areas such as manufacturing, healthcare, and higher security-sensitive areas such as airports. 3D information provides an in-depth analysis of images. 360-degree evaluation of any image is possible with the assistance of 3D technology. Global 3D technology market is witnessing considerable traction related to value and is expected to continue over the 10-year period. This traction can be attributed to an increase in demand and adoption of 3D technology, especially from the healthcare industry vertical. Due to all these market driving factors, significant growth in the global 3D technology market is expected during the forecast period.
Market DynamicsIncreasing demand for 3D technology from various sectors, ongoing technological advancements, and increasing adoption of digital technologies in the healthcare sector are among some major factors driving growth of the global 3D technology market currently. Owing to significant growth in the usage of 3D technology in sectors such as media & entertainment, healthcare & medical, and aerospace & defense, demand for advanced 3D technology is projected to increase globally. Increasing usage and easy availability of the technology with features such as high accuracy is also expected to drive demand for 3D technology in the global technology market over the forecast period. In addition, digitalization in various sectors and a substantial increase in the adoption of 3D scanning in the healthcare sector are other factors expected to drive demand for the product to a significant extent over the forecast period. Owing to high accuracy of images captured using 3D technology available, the popularity of 3D technology has been increasing significantly. This is another factor expected to drive demand for 3D technology for applications in sectors such as healthcare, media & entertainment, and aerospace & defense. However, the high cost of 3D technology is projected to be among some of the major factors to limit adoption due to affordability challenges among consumers in some developing countries. In addition, some factors such as lack of availability of 3D technology content and raw materials are expected to limit driving demand for 3D technology in the global 3D technology market.
Global 3D Technology Market Analysis:Technology Type: Among the product segments, the 3D printing segment accounts for highest revenue share currently, and is expected to continue its dominance over the forecast period. This is attributed to increasing demand and application in healthcare and media & entertainment industries. This significant growth is also attributed to various recent advancements in 3D technologies, and increasing applications of 3D printing. Application: Among the application segments, the healthcare segment accounts for highest revenue share currently, and is expected to continue to do so during the forecast period. This high revenue share is attributed to the high accuracy of images captured using 3D technology such as in 3D scanning due to technology advancements.
Global 3D Technology Market Regional Analysis:Among the regions, the North America 3D technology market accounts for dominant revenue share in the global market and this is expected to continue during the next five years. This dominance is attributed to the high adoption of 3D technology in various application sectors in countries in the region.
Below are the leading companies profiled in this 3D Technology Market Report:
Chapter 1 Methodology and Scope