3-D Technology Market - Competitive Landscape and Regional Trends By 2022
Posted by Savni on January 30th, 2020
The detailed report published by Market Research Future (MRFR) projects that the global 3-D Technology Market is marked to exhibit remarkable growth at a CAGR of 15% during the forecast period of 2016-2022 and reach the market valuation of USD 145 Bn by the end of the review period. Rapid adoption of 3D technology in various industrial sectors such as industrial manufacturing, automotive, aerospace and defense, healthcare, media and entertainment, and others, increasing investments for incorporation of 3D printing technology in various industries to fasten the manufacturing process and improve the accuracy of the end-products, and high demand for 3D technology in media and entertainment are the major factors propelling the growth of the global 3-D Technology Market during the assessment period.
Global 3-D Technology Market: Segmental Analysis
The global market for 3D technology is segmented on the basis of product type and application. Based on product type, the global 3-D Technology Market has been segmented into 3D printer, 3D scanner, 3D glasses, 3D camera, 3D image designing, and 3D display technology. Based on applications, the global 3-D Technology Market has been segmented into healthcare, media and entertainment, government, aerospace & defense, manufacturing, architecture, and others.
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Global 3-D Technology Market: Key Players
The prime players profiled by Market Research Future (MRFR) that are operating in the global 3-D Technology Market are 3D Systems, Inc. (the U.S), 3D Hubs (Netherland), WASP 3D (Italy), Voxel8, Inc. (the U.S), Faro Technologies, Inc. (the U.S.), Hexagon AB (Sweden), HP Development Company, L.P. (the U.S), Panasonic Corporation (Japan), ExOne (the U.S), Sony Corporation (Japan) and others.
Global 3-D Technology Market: Regional Analysis
Geographically, the global 3-D Technology Market has been segmented into four major regions such as North America, Europe, Asia Pacific, and the rest of the world. The North America region commands the maximum share of the global 3-D Technology Market owing to the rapid adoption of 3D technology in various sectors such as industrial manufacturing, automotive parts manufacturing, aerospace and defense, healthcare, media and entertainment and others, increasing investments for incorporation of 3D printing technology in various industries to fasten the manufacturing process and improve the accuracy of the end-products, and high demand for 3D technology in media and entertainment in order to fulfill the increasing demand from the consumers across the globe. The Europe region is projecting notable growth in the global 3-D Technology Market owing to the easy adoption of advanced 3D technology to carry out extensive research and development in the healthcare sector and increasing application of 3D technology in industrial manufacturing and aerospace and defense sector in this region. The Asia Pacific region is projecting significant growth in the global 3-D Technology Market owing to the high demand for 3D technology in various industries and increasing adoption of technologically advanced solutions in the emerging economies of this region.
Global 3-D Technology Market: Industry Updates
In April 2018, a neurological surgery program of Northwestern Medicine Lake Forest Hospital had received a grant of USD 50,000. This program utilizes 3D animation technology and virtual reality technology through iPad in order to provide patients with an explanation for various medical conditions.
In July 2018, BASF, one of the leading providers of automotive solutions, has announced that it has signed a deal of partnership with a major supplier of 3D printing technology, Materialise. This partnership is aiding these companies for working together in an open business model for providing improved software and materials for multiple 3D printing technologies.
In February 2019, an electronic medical device manufacturer, EMTEL, has announced the selection of 3DGence’s 3D printers for its product prototyping and parts supply.
In February 2019, Lamborghini, the leading luxury cars brand, has announced its collaboration with Carbon for 3D printing the automotive parts for approximately 1000 Urus Super SUVs that are being produced this year.
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About the AuthorSavni
Joined: October 21st, 2019
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