The report “3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography – Global Forecast to 2025″,size is projected to reach USD 465.0 billion by 2025 from an estimated USD 221.1 billion in 2020, at a CAGR of 16.0% from 2020 to 2025. The rising demand for 3D and 4D technology in the entertainment industry is among the factors driving the growth of the 3D and 4D technology market.
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3D and 4D imaging solutions segment to projected to register the highest CAGR between 2020 to 2025
The 3D and 4D imaging solutions segment is expected to register the highest CAGR during the forecast period. Growth in this market segment can be attributed to the rising demand for various 3D and 4D imaging solutions, including 3D and 4D modeling, 3D and 4D scanning, 3D and 4D rendering, and 3D and 4D image reconstruction, for machine vision applications across the entertainment, construction, and healthcare verticals.
Driver: Rising demand for 3D and 4D technology in entertainment industry
In the entertainment industry, realistic movies with 3D and 4D motion pictures and interactive effects are very popular. With newer developments in 3D animation and an upsurge in computer-based graphics, 3D is the standard technology used for special effects. In recent years, 3D animation in movies has become more popular than physical effects in movies and hand-drawn animation. Visual effects (VFX) are also widely used in movies to create a more realistic environment. The 4D technology is also increasingly being used in movies to deliver an immersive, multi-sensory cinematic experience.
Opportunity: Military and defense sector to create lucrative opportunities
In the military and defense sector, 3D cameras, scanners, sensors, printers, and displays are used for precise measurement and inspection. 3D scanners are used to capture extremely precise measurements of new or old parts of tanks, vehicles, and helicopters more quickly than traditional measurement methods. The 3D cameras, sensors, and scanners are also used to detect obstacles, recognize and locate targets hidden in foliage, navigate, plan unmanned ground vehicle (UGV) routes, and map terrains. Head-mounted displays (HMDs) are used to track the movement of opponents and recognize and identify their exact location.
By region, APAC 3D and 4D technology market estimated to grow at highest CAGR throughout the forecast period
The market in the APAC is expected to grow at the highest CAGR during the forecast period as it holds tremendous market potential for 3D and 4D applications. Countries in the APAC, such as China and Japan, are known for consumer electronics, automotive, and manufacturing. 3D and 4D input and 3D output devices such as cameras, sensors, scanners, smartphones, TVs, printers, and projectors are produced, consumed, and exported on a large scale by these countries. In addition, due to the COVID-19 pandemic, countries in the APAC have increased their focus on the healthcare sector. As 3D and 4D cameras are used in imaging applications, their demand is likely to increase with the increasing focus on healthcare.
Samsung Electronics Co., Ltd. (South Korea), GE Healthcare (US), Hexagon AB (Sweden), Autodesk, Inc. (US), Sony Corporation (Japan), Dassault Systèmes (France), FARO Technologies, Inc. (US), Stratasys Ltd. (Israel), 3D Systems Corporation (US), and Vicon Motion Systems Ltd. (UK), are some of the key players in the 3D and 4D technology market.
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