Global 3D and 4D Technology Market Worth USD 1,230 billion by 2031
The global 3D and 4D technology market is expected to grow at a CAGR of 17.2% from 2021 to 2031, from USD 216.8 billion in 2021 to USD 1,230.6 billion in 2031. One of the factors assisting the growth of the 3D and 4D technology market is the increasing demand for 3D and 4D technology in the entertainment industry.
Browse ThinkWise Intelligence's exclusive report, spread through 240 Pages on: Global 3D and 4D Technology Market, By End Use (3D and 4D Cinema, 3D and 4D Gaming, 3D Layout and Animation, 3D Navigation, 3D Machine Vision, 3D and 4D Metrology, 3D and 4D Motion Capture, and 3D and 4D Gesture Recognition), By Solution Type (3D and 4D Input Devices, 3D and 4D Imaging Solutions, 3D Output Devices), Vertical (Automotive, Construction, Consumer Electronics, Entertainment, Healthcare, Industrial, Military and Defense, Others) – Competitive Landscape & Growth Potential Analysis, 2021-2031
Between 2020 and 2025, the 3D and 4D imaging solutions market is expected to grow faster.
During the forecast timeline, the 3D and 4D imaging solutions segment is expected to grow faster. The rising need for a variety of 3D and 4D imaging solutions, such as 3D and 4D scanning, 3D and 4D modeling, 3D and 4D image reconstruction, and 3D and 4D rendering, for machine vision applications across the entertainment, building, and healthcare verticals, is driving growth in this market segment.
3D navigation technologies are expected to develop faster by the end use segment during the forecast era.
During the forecast period, the 3D navigation applications are expected to grow faster. The growing demand for autonomous, electric and hybrid vehicles is powering the market development. The navigation systems are a must-have in these vehicles because they help with panning a specific study area, zooming in on a particular feature, and roaming interactively through the user data. Furthermore, GPS real-time positioning data is needed for phonetic broadcasting and map display in automobile navigation systems. The 3D navigation devices are used in ships, submarines, helicopters, and spacecraft in the military and defense industry.
During the forecast era, the military and defense segment is expected to rise at the fastest CAGR.
During the forecast era, the military and defense sector is projected to grow at the fastest pace. The market's growth is mainly due to increased demand for 3D printers, 3D and 4D scanners, 3D and 4D cameras, 3D and 4D sensors, and 3D displays in this field. Robotics, autonomous vehicles, mobile computers, and navigation systems are all applications for these devices. Digital battle zones and the features of a specific weapon or unit are demonstrated using 3D imaging solutions.
The Asia-Pacific 3D and 4D technology market is expected to expand at the fastest CAGR during the forecast period.
The Asia-Pacific market is expected to expand at the fastest CAGR during the forecast period, owing to its vast market potential for 3D and 4D applications. Consumer electronics, automotive, and manufacturing are well-known in APAC countries like China and Japan. These countries manufacture, consume, and export 3D and 4D input and output devices such as cameras, sensors, scanners, smartphones, TVs, printers, and projectors on a large scale. Additionally, as an outcome of the COVID-19 pandemic, Asia-Pacific countries have increased their emphasis on the healthcare sector. With the increased focus on healthcare, 3D and 4D cameras will likely become more common in imaging applications.
Some of the foremost players in the 3D and 4D technology industry include 3D Systems Corporation, Autodesk, Inc., Dassault Systèmes, FARO Technologies, GE Healthcare, Hexagon AB, Samsung Electronics Co., Ltd., Sony Corporation, Stratasys Ltd., and Vicon Motion Systems Ltd.