3D Technology Industry - Key Country Analysis with Forecast 2023

Posted by Savni on January 22nd, 2020

Overview

3D technology has made a revolutionary change in the various markets such as entertainment and media, gaming, healthcare, automobile and other fields. 3D technology has changed the entertainment industry in a revolutionary way by introducing 3D movies with help of 3D displays, 3D Camera, 3D sounds which enhances the user experience and drive the 3D technology industry in entertainment industry. 3D technology also booming the market of automobile industry due to introduction and adoption of 3D printing. However, 3D printing results in innovative changes in manufacturing process which results in stronger, lighter and durable vehicles in low cost. Strati known as world’s first 3D printed cars, manufactured by local motors, is a perfect example of 3D printing application in automobile industry.

Light Cocoon, Genesis, Urbee are other 3D printed cars.  3D technology is also used in the healthcare industry to examine patients, using 3D model, however it helps doctors and surgical teams to prepare for the surgery using the 3D model of a part of patient’s body which reduces surgery time, also helps patient to fully understand the surgical procedure. Also, 3D printing is used in personalized prosthetics, bio-printing, tissue engineering, pharmacology, to make 3D printed skins for burn victims, which are expected to grow the market of healthcare industry along with 3D technology industry. However, lack of infrastructure, lower awareness are restraining the market growth.

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3D devices provide high quality of services such as high resolution, accuracy, high quality displays, which are responsible for the growth of 3D technology industry. The increasing adoption of 3D technology in various applications of industries such as, aerospace, healthcare, automobile, entertainment and media results in the 3D technology industry growth.

Industry News

January 2018, Manufacturers including General Electric and Siemens are heading towards 3D printing startups.

3D printing reduces material cost, improve product performance, saves time in manufacturing the product, increase design freedom due to which large companies are adopting 3D printing. However, General electric acquired printer manufacturer such as Arcam and Concept laser also siemens acquired 3D printing manufacturer Materials solutions.   

June 17, Swedish based company Hexagon AB acquired 3D metrology company AICON 3D systems.

The 3D scanning market is expected to expand over next few years. Hexagon AB a Swedish based company has acquired AICON 3D Systems a Germany based portable and optical non-contact 3D measuring systems provider. Hexagon sees opportunities to further expansion of AICON globally using Hexagon’s global footprint. Hexagon is expected to make AICON’s 3D scanning and optical metrology technology even more affordable, efficient and powerful.

3D Technology Global Market - Segmentation

Segmentation by Product Type: 3D Printer, 3D Scanner, 3D Glasses, 3D Camera, 3D Image Designing, 3D Display Technology

Segmentation by Application: Healthcare, Media and Entertainment, Government, Aerospace & Defence, Manufacturing, Architecture, Others.

Segmentation by Region: North America, Europe, Asia Pacific and Rest of the world.

3D Technology Industry - Regional Analysis

The regional analysis of 3D technology industry is studied for North America, Europe, Asia Pacific and Rest of the World. North America is expected to dominate and hold the largest market share of 3D technology as increasing number of key players, adoption of technological advancement in 3D products and increasing investments in different sectors for 3D technology adoption such as industrial manufacturing, media and entertainment, healthcare. Asia-Pacific is expected to grow due to introduction of new technologies by Sony corporation and other players in asia-pacific such as 3D cameras, 3D sensors, 3D creator app based on augmented reality, 3D scanner which is expected to drive the growth of market in this region.

Germany, France and UK dominate the European market of 3D technology as applications in 3D designing is growing. Further, Europe constitute major 3D printing technologies which are expected to drive the growth of 3D printing in this region.

Key Players:

The prominent players in the 3D technology industry are 3D Systems, Inc. (U.S.),3D Hubs (Netherland), WASP 3D (Italy), Voxel8, Inc. (US), Faro Technologies, Inc. (US), Hexagon AB (Sweden), HP Development Company, L.P. (US), Panasonic Corporation (Japan), ExOne (US), Sony Corporation (Japan), among others, are profiled in Market Research Future analysis and are at the forefront of competition in the 3D technology industry.

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Savni

About the Author

Savni
Joined: October 21st, 2019
Articles Posted: 480

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