3D & 4D Technology Market worth 314.17 Billion USD by 2022
The total market for 3D & 4D Technology is expected to reach USD 314.17 Billion by 2022, at a CAGR of 16.17% between 2016 and 2022. The major drivers for the growth of 3D content is the entertainment & animation industry and the growing CAD-based manufacturing of individualized custom parts and components.
Out of the major end-user industries, the market for military & defense is expected to grow, at a high CAGR between 2016 and 2022. The 3D imaging technology is used in the defense and military sector at a considerable rate. The head-mounted displays (HMD) are widely used by this sector at a high rate. HMD is used to track the movement of the opponent; it is helpful in recognizing and identifying their exact location.
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This technology is also used in military vehicles along with its other solutions such as 3D navigation system, 3D multi display, 3D radar, and reality screen. Moreover, a 3D-radar system is useful for applications such as detection of landmines, weapons, and explosives owing to its high-resolution imaging capabilities. Volumetric 3D displays often play an important role in the military application. It is used to demonstrate various classified activities such as virtual war field to demonstrate the functionality of any particular weapon or devices.
Increased demand for 3D printers and rising demand for faster quality check and inspection methods are the major factors which are driving the growth of the 3D input device market. Major factors which are driving the 3D imaging solution market are the increase in demand for 3D content, improvement in 3D acquisition devices, and high availability of 3D display devices. However, non-standard delivery format and output devices restrict the growth of the 3D technology in the entertainment industry.
The major existing companies in the 3D & 4D Technology market include Samsung Electronics Co Ltd.(South Korea)., Faro Technologies, Inc. (U.S.), Hexagon AB (Sweden), Autodesk, Inc. (U.S.), Dassault Systems S.A (France), 3D Systems Corporation (U.S.), Stratasys Ltd. (U.S.), Dreamworks Animation SKG, Inc. (U.S.), Vicon Motion Systems Ltd.(U.K.), Barco NV (Belgium), Dolby Laboratories (U.S.), Sony Corporation (Japan), Google Inc. (U.S.), Cognex Corporation (U.S.), and Qualisiys AB (Sweden).
The scope of the report covers detailed information regarding the major factors influencing the growth of the 3D & 4D Technology market such as drivers, restraints, challenges and opportunities. A detailed analysis of the existing key players has been done to provide insights into their business overview, products & services, key strategies, new product launches, agreements, and recent developments associated with the 3D & 4D Technology market.
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