3D/4D technology products are one such kind that provides such flexibility, even in the most complex work environments. The use of this technology helps in generating important accurate information before the final production in order to avoid flawed outcome, thus, reducing production cost and time. Incorporating new and advanced products into the existing work environment in order to simplify a particular job, is becoming an important tool for enhancing business process efficiency. Incorporating new and advanced products into the existing work environment in order to simplify a particular job, is becoming an important tool for enhancing business process efficiency.
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 major opportunities which opens new avenues for companies are growing advancement in 4D technology, increasing usage of 3D Technology in Healthcare and increasing adoption of auto stereoscopic display in 3D advertising.
The market for Global 3D/4D Technology is USD 121.46 Billion in 2015 and is estimated to reach USD 445.86 Billion by 2020 with a CAGR of 29.70% during the forecast period. North America tops the charts in global 3D/4D technology market followed and holds 35% of the market followed by Europe, Asia Pacific and others. Asia Pacific witnesses a fastest growth during the forecast period with rapid technological advancement adding value to the market. 3D Displays (3D Televisions holds lions share) takes a major chunk 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 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. Global market is segmented by regions like North America, Europe, Asia Pacific, Latin America and Middle East & Africa with respective country wise segmentation. 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.
