3D Technology Market Overview:
3D Technology Market was valued at $46.0 billion, and is expected to reach $175.1 billion by 2020, supported by a CAGR of 21%.
3D technology is delivering three dimensional views of the captured images or data. There is an increasing demand for 3D technology based products in various application sectors such as entertainment, healthcare, aerospace, government and defense, entertainment and automobile and industrial segments. 3D technology creates highly accurate and precise images of an object. Use of 3D technology in various application segments would help in saving production time and cost. Designers get a readymade tool to have an intuitive understanding of the feasibility of any product right at the initial stages.
Within the 3D technology market, 3D display accounted for maximum revenue in the year 2013, mainly due to the popularity of stereoscopic displays in televisions and mobile phones and it will have a direct impact on the overall 3D display technology market, as it is the maximum revenue-generating segment. In addition, 3D printing is projected to grow at a CAGR of 39.1% during the analysis period and is the most attractive market segment in the overall 3D technology market.
Within the 3D application market, entertainment industry generated maximum revenue in the year 2013 and the same trend is observed through 2020.
Top Factors Impacting the 3D Technology Market
Higher accuracy and precision
3D technology delivers higher accuracy and precision in the processes. The improved accuracy at every stage of manufacturing will help to save time and material. 3D scanning technology is used in various application areas such as healthcare, manufacturing, automobile and higher security areas such as airport. 3D information will give in-depth analysis of image. 360-degree evaluation of image is possible with the help of 3D technology.
Increase in demand of 3D entertainment
3D movies collected 30% of total box office revenue. The increasing demand of 3D movies is major driving force to adopt 3D technology in entertainment industry. Increasing 3D game and visual effect is also impacting the growth of 3D technology market.
Government supports 3D printing technology
Government is taking initiative to invest in future technology to create in-house manufacturing job opportunities. Government is investing in R&D of 3D printing technology. Efficient use of material with the help of additive manufacturing processes is one of the significant drivers of 3D printing technology.
The 3D technology market is segmented on the basis of product, application and geography.
Analysis of 3D printing application market
Increasing popularity of 3D cinema and customer demand inclining towards 3D technology based TV is major driving force assisting in adoption of 3D technology in home TV’s. Image depth of image created by 3D technology is very high as compared to 2D TV. In 2013 25 Million TV were traded. Due to this, 3D TV is the second highest revenue-generating segment throughout the analysis period. Increasing popularity of 3D animation is advertisement and cinema sector is major driving force assisting in adoption of 3D technology in many movies. 33% of market share of Box-Office is generated by 3D movies. This is the main reason that many producers are releasing movies in both the 2D and 3D version.
3D visual effects share 17% of the market share and is expected to grow at CAGR of 20.2% during 2013-2020. The use of 3D camera and auto-stereoscopic display technology is expected to share maximum market share of entertainment industry. U.S. government is supporting many 3D game manufacturers to expand their businesses and operational scale to innovate new gaming technology. Increasing piracy in gaming market is major restraining factor in growth of this industry. Application sectors such as advertisement, Web designing and visual effects are expected to gain more attention in future.
Entertainment industry market shares by types
- In depth analysis of 3D technology market, segmented based on product, application and geography.
- Estimations are offered for 3D technology based on current market trends, growth driver ad opportunities.
- Porter’s five force analysis delivers insights of 3D technology market by analyzing suppliers, buyers and substitutes.
- Report provides top winning strategies by analyzing the recent developments in 3D technology market by key players.
- Patent analysis helps to identify future trends in 3D technology market and number of patent granted in various regions.
- Top investment pockets are expounded for 3D printing technology application market by considering recent developments and investments in 3D printing R&D by various governments.
- Identify the key challenges that must be addressed and overcome by 3D technology market to achieve fiscal success.
3D TECHNOLOGY MARKET KEY SEGMENTS
- 3D Printing
- 3D Glasses
- 3D Display Technology
- 3D Imaging Software
- 3D Camera
- 3D Printing Industry
- Automobile and Industrial
- Government and Defense
- Others (Forensic & E-education)
- North America