Digital era has completely taken over traditional products with highly effective 3D platforms ruling the roost and increasing end user attractiveness. United Kingdom is in its prime form and is adding value to the growth of the European market. The market is witnessing substantial growth with the rapid adoption of 3D technology in applications like healthcare, education and consumer electronics. 3D printing will be a game changer and will make a huge leap in the coming years with German companies focusing on innovative strategies to roll out different products. Germany is known for precision techniques and 3D technology will blend well in the country for creating high quality products and initiating better production methods.
The market for Europe 3D/4D Technology is USD 32.90 Billion in 2015 and is estimated to reach USD 112.18 Billion by 2020 with a CAGR of 27.80% during the forecast period. U.K accounts a lions share of 25% in 2015 and is the major contributor for Europe growth followed by Germany, France, Italy and Others. Entertainment & Media industry holds a firm grip with various products being used, increasing number of gamers and meeting consumers demand in countries like U.K followed by consumer electronics and others. 3D Displays (3D Televisions holds lions share) occupies a major share of the market with its top seeded performance and will continue to show its prominence during the forecast period followed by 3D Animation, 3D Cinema and Others.
The major factors driving the market are increasing applications of 3D printing as verticals like automotive and aerospace implementing this technology and increasing investments in R&D over the years with high – end innovations being a strong motivator and accelerating the market. The major factors hampering the growth of the market are high product associated with costs and lack of 3D content hindering the growth and which companies need to focus on.
The market is segmented on the basis of products like 3D Sensors, 3D Integrated Circuits, 3D Transistors, 3D Printer, 3D Gaming, 3D Imaging, 3D Display (3D Television, 3D Smartphone, 3D Digital Signage, 3D Projector, 3D Glass, Head Mounted Display and Others), 3D Navigation, 3D Animation, 3D Cinema and Others. The major verticals adding value for the global market are healthcare, education, government, industrial, consumer electronics, entertainment & media and others. Europe market is segmented by countries like U.K, Germany, Italy, France, Sweden, Russia, Switzerland and Others. Companies associated with 3D/4D Technology market are 3D Systems corporation, Dolby Laboratories, LG Electronics Inc. Barco N.V, Samsung Electronics Co. Ltd. Autodesk Inc. Panasonic Corporation and Others.
