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Impact of COVID-19 on 3D and 4D Technology Market: By Product (3D Displays, 3D Smartphones, 3D Televisions, 3D Projectors, 3D Printers), By End-Use Application (3D and 4D Gaming, 3D and 4D Cinema, 3D Navigation, 3D Layout and Animation, 3D and 4D Motion Capture, 3D Machine Vision, 3D and 4D Metrology, 3D and 4D Gesture Recognition), By Vertical (Military and Defense, Automotive, Construction, Consumer Electronics, Industrial, Entertainment, Healthcare, Others), And Region - Global Analysis of Market Size, Share & Trends For 2019-2021 And Forecasts To 2031
Global 3D and 4D Technology Market to surpass USD 1,220 billion by 2031 from USD 259.8 billion in 2021 at a CAGR of 16.7% in the coming years, i.e., 2021-2031.
Three-dimensional technology, or 3D technology, is a term that can be applied to a variety of businesses. Certain businesses, such as healthcare and medicine, have improved their services by utilizing this technology. Other businesses, such as entertainment, can now experiment with 3D technology in order to provide a better overall experience for consumers. Technology that works in all four dimensions is referred to as 4D technology. While referring to 3D, it also includes the dimension of time in addition to the other 3Ds, namely width, length, and depth.
Global 3D and 4D Technology Market to surpass USD 1,220 billion by 2031 from USD 259.8 billion in 2021 at a CAGR of 16.7% in the coming years, i.e., 2021-2031. Rising disposable income in developed and emerging countries, technical advancements, and growing demand for 3D and 4D printing in a variety of industries such as education, consumer electronics, and healthcare are some of the market's driving forces. One of the factors driving the growth of the 3D and 4D technology market is the increasing demand for 3D and 4D technology in the entertainment market.
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3D Navigation segment is predicted to lead with the highest CAGR during 2021-31
On the basis of End Use Application, the 3D and 4D Technology Market is divided into 3D and 4D Gaming, 3D and 4D Cinema, 3D Navigation, 3D Layout and Animation, 3D and 4D Motion Capture, 3D Machine Vision, 3D and 4D Metrology, and 3D and 4D Gesture Recognition. Owing to the rising demand for electric, hybrid, and autonomous vehicles, 3D navigation applications are expected to have the highest CAGR in the future. Navigation systems are a must-have in these vehicles since they help with panning a specific study region, zooming in on a certain feature, and interactively wandering through user data.
Military and Defense segment is expected to register a considerable share of the market during 2021-31
Based on Vertical, the 3D and 4D Technology Market is segmented into Military and Defense, Automotive, Construction, Consumer Electronics, Industrial, Entertainment, Healthcare, and Others. During the projected period, the military and defense industry is expected to grow at the fastest rate. The market's rise is mostly due to increased demand for 3D printers, 3D and 4D cameras, 3D and 4D scanners, 3D and 4D sensors, and 3D displays in this sector. Unmanned vehicles, robotics, handheld gadgets, and navigation systems are all applications for these devices.
Growing advancements in 3D animation are boosting the market
Realistic movies with 3D and 4D motion images and interactive effects are increasingly popular in the entertainment sector. With recent advancements in 3D animation and an increase in computer-based graphics, 3D has become the industry standard for special effects. Visual effects (VFX) are also commonly used in films to make a more realistic setting. Movies are increasingly employing 4D technology to provide an intense, multi-sensory cinematic experience.
Rising applications of 3D and 4D technology in multiple industries
The market is being driven by the increasing use of 3D and 4D in various industries such as education, healthcare, and construction. Furthermore, developing or manufacturing individualized parts and components to meet the needs of small-scale industries is helping to drive the present 3D and 4D technology market forward.
Extra care against contaminants, dust and more is hampering the 3D and 4D Technology
Dust, contaminants, micro-particles, and shock are all sensitive to 3D and 4D imaging equipment, such as cameras and sensors using 3D and 4D technologies. Slight blemishes can have a significant impact on image quality. As a result, these devices necessitate specific attention, limiting market expansion.
Key Players
Samsung Electronics
Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis
Global 3D and 4D Technology Market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. North America dominated the 3D and 4D technology market, and this trend is projected to continue during the projection period. This can be attributed to key players increasing their investments in the development of 3D and 4D technology-based solutions to meet end-user expectations. Several significant players in North America that provide 3D and 4D technology-based solutions are increasing production and expanding their distribution networks. Furthermore, with better and simplified 3D technology, 3D gaming has become quite popular in the United States.
COVID-19's outbreak and dissemination have had a substantial impact on players in the 3D and 4D technological value chain. One of the important factors driving the growth of the 3D and 4D technologies industry is the growing global demand for automobiles. However, as a result of global lockdowns enforced by many governments to restrict the spread of the COVID-19, the expansion of the 3D and 4D technology business has been hampered.
The global 3D and 4D Technology Market is further segmented by region into:
3D and 4D Technology Market Segments:
By Product
3D and 4D Technology Market Report Scope and Segmentation
|
Report Attribute |
Details |
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Market size value in 2021 |
USD 259.8 billion |
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Revenue forecast in 2031 |
USD 1,220 billion |
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Growth Rate |
CAGR of 16.7% from 2021 to 2031 |
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Base year for estimation |
2020 |
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Quantitative units |
Revenue in USD million and CAGR from 2021 to 2031 |
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Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
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Segments covered |
Product, End Use Application, Vertical, and Region |
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Regional scope |
North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
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Key companies profiled
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Samsung Electronics, Sony, Dassault Systems, Google Inc, Hexagon, Dreamworks, Autodesk, Stratasys, 3D Systems Corporation, Faro Technologies, Barco NV, Cognex Corporation, and Dolby Laboratories and Other Prominent Players |
3D and 4D Technology Market size was estimated at USD 259.8 billion in 2021 and is expected to reach USD 1,220 billion in 2031.
3D Printing technologies have created significant advancements in the fields of engineering and healthcare. 4D printing is also introduced, which is the advanced version of 3D printing.
The 3D Navigation segment accounted for the largest 3D and 4D Technology Market share.
Key players in the 3D and 4D Technology Market include Samsung Electronics, Sony, Dassault Systems, Google Inc, Hexagon, Dreamworks, Autodesk, Stratasys, 3D Systems Corporation, Faro Technologies, Barco NV, Cognex Corporation, and Dolby Laboratories.
Incorporation of new and advanced products integrated with 3D and 4D technologies into existing work environments to simplify tasks is increasingly becoming an essential tool. Hence, the growing demand for these products is driving the market growth.
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