3D and 4D Technology Market by Solution, End-user, and Geography - Forecast and Analysis 2023-2027

3D and 4D Technology Market Forecast 2023-2027

The 3D and 4D technology market is estimated to increase by USD 371.19 billion and grow at a CAGR of 19.64% between 2022 and 2027. The growth of the market depends on several factors, including the use of 3D and 4D in security and surveillance systems, increasing adoption of 3D displays in advertisements, and the growing prevalence of 3D printing technology.  In response to growing security concerns across diverse sectors including aerospace, defense, industrial, and retail, there is an increasing demand for sophisticated electronic devices such as security cameras and CCTV systems. These cutting-edge devices leverage 3D imaging, position tracking, and gesture recognition capabilities, enabling real-time sensing and scanning of objects.

What will be the size of the Technology Market During the Forecast Period?

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Segmentation

This report extensively covers market segmentation by solution (3D and 4D output device, 3D and 4D input device), end-user (entertainment, consumer electronics, and others), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

By Solution

The market share growth by the output device segment will be significant during the forecast period. The hardware segment comprises printers, which include printers for designing, prototyping, and tooling in several industries, such as defense, consumer electronics, and others. The use of printing has advanced from prototyping to electronics tooling and production applications in 2020.

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The 3D and 4D output device segment was valued at USD 75.09 billion in 2017 and continued to grow until 2021. Many providers have initiated strategic collaborations to strengthen the production processes for both aerospace OEMs and component providers. Aerospace components that are presently manufactured with the aid of 3D printing technologies are mainly engine components such as fuel nozzles. Furthermore, customers are increasingly adopting virtual reality (VR) technology, either for professional or private use. This adoption rate increased significantly in the last decade. An increasing number of customers are actively requesting VR solutions, whereas others are curious about VR and are seeking information about it. Therefore, the increasing demand for VR will boost the growth of the global market during the forecast period. 

By Regions

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North America is estimated to contribute 47% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America has a higher market share owing to an increase in government investments and the growing demand for 3D printers in the consumer electronics, education, and defense sectors. The increasing investments by governments and industry participants in additive manufacturing are accelerating the development and adoption of 3D printers and, in turn, in the region.  Further, the expansion of facilities and the extensive use of 3D printing for different components and parts will propel the growth of the regional market during the forecast period.

Additionally, companies are investing in expanding their business facilities. For instance, in 2021, 3D Systems announced its plan to expand its location in Rock Hill, South Carolina. This expansion of the Rock Hill campus will allow 3D Systems to bring together the key elements of the business to gain efficiencies and accelerate innovation and customer adoption of additive manufacturing on an industrial scale. These factors are expected to contribute to the growth of the regional market during the forecast period.

Market Dynamics and Customer Landscape

The market is experiencing robust growth driven by various factors across multiple sectors. In healthcare, the demand for advanced imaging technologies like 3D and 4D is surging due to their ability to provide detailed anatomical insights and aid in medical diagnostics. Similarly, in the entertainment industry, the increasing use of visual effects, animations, and high-resolution 3D scans is enhancing the immersive experience for audiences, driving the adoption of these technologies in film, gaming, and virtual reality applications.

Moreover, the education sector is embracing 3D and 4D technologies to revolutionize teaching methods and enhance learning experiences. By incorporating interactive 3D models and simulations into educational materials, institutions can provide students with a more engaging and comprehensive understanding of complex subjects. Additionally, in consumer electronics and automotive industries, the integration of 3D sensors and ToF sensors in smartphones and vehicles is enabling advanced features like facial recognition, gesture control, and augmented reality navigation systems, thus fueling market growth. Overall, the increasing demand for accurate information, improved planning, and innovative design solutions across various sectors is expected to continue driving the adoption of 3D and 4D technologies in the foreseeable future.

Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The adoption of security and surveillance systems powered by 3D and 4D technologies serves as a significant driver for market growth. With increasing concerns over security across various sectors such as aerospace, defense, industrial, and retail, there is a rising demand for advanced electronic devices like security cameras and CCTV systems. These devices leverage 3D imaging, position tracking, and gesture recognition capabilities, providing real-time sensing and scanning of objects. As a result, aerospace and defense personnel are integrating 3D cameras into their security systems to enhance surveillance and safeguard critical assets and infrastructure.

Furthermore, major Original Equipment Manufacturers (OEMs) are intensifying their focus on developing technology-driven devices suitable for security and surveillance applications. The proliferation of drones or Unmanned Aerial Vehicles (UAVs) is particularly noteworthy, as they offer versatile capabilities for navigation and surveillance tasks. Drones find extensive utility across multiple industries, including aerospace, defense, industrial, and e-commerce, further bolstering the demand for 3D and 4D technologies in the security and surveillance domain. As these technologies continue to evolve and find broader applications, they are expected to play a pivotal role in shaping the future of security systems worldwide, driving market growth in the coming years.

Significant Market Trend

Increasing mergers and acquisitions (M&A) and partnerships is an emerging trend in the market. Strategic collaborations have been increasing in the global market. Various research centers are focusing on developing new technologies and expanding their applicability.

The market is also recording an increasing trend in M&A. Some instances of M&A include Desktop Metal in 2022, expanded its partnership with Henkel, and qualified two popular Loctite materials on Extreme 8k, the world's largest DLP 3D printer; and the 3D Systems Corp. Thus, such developments will drive the growth of the global market during the forecast period.

Major Market Challenge

The high cost associated with 3D displays is a major challenge impeding the market. The premium pricing of next-generation 3D display devices will challenge the growth of the market during the forecast period. Currently, 3D gaming consoles are priced at USD 200 - USD 400 and 3D projectors from USD 1,000 - USD  10,000. Not only is the cost of the display high, but the associated products have a high cost too.

In the case of 3D gaming consoles, the cost is also associated with procuring new games that support 3D. Furthermore, the maintenance and repair costs are high, owing to the use of more complex technology compared with standard ones. Such factors will hinder the growth of the 3D display and, in turn, the market in focus during the forecast period.

Key Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Market Customer Landscape

Who are the Major Technology Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

American Paper Optics LLC - The company offers 3D glasses, 3D Decoders, and 3D Fireworks glasses. The key offerings of the company include technology products. 

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market players, including:

• 3D Systems Corp.
• Barco NV
• Desktop Metal Inc.
• Dolby Laboratories Inc.
• FARO Technologies Inc.
• General Electric Co.
• Hexagon AB
• Koninklijke Philips NV
• LG Electronics Inc.
• Nikon Corp.
• Optomec Inc.
• Panasonic Holdings Corp.
• Renishaw Plc
• Samsung Electronics Co. Ltd.
• Sharp Corp.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Solution Outlook 
  • output device
  • input device

• End-user Outlook 
  • Entertainment
  • Consumer electronics
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Market Analyst Overview

The 3D and 4D Technology Market is experiencing rapid growth across various industries, including healthcare, automotive, and entertainment. Advancements in visual effects, animations, and graphics capabilities have fueled the adoption of 3D and 4D technologies, enabling innovations such as hand-drawn animation and facial recognition. In the healthcare sector, these technologies are revolutionizing medical imaging devices and diagnostics, with applications ranging from patient-specific medical devices to 3D bioprinting. Additionally, industries like the automotive and home gaming sectors are leveraging 3D sensors and gesture recognition capabilities for enhanced user experiences. With the continuous evolution of technology and the increasing adoption of 3D and 4D rendering solutions, this market is poised for further expansion.

Moreover, the market is experiencing significant growth across diverse sectors, including automotive and home gaming industries, driven by innovations such as time-of-flight (ToF) sensors and depth-sensing photography. Augmented reality and biometric scanning are enhancing user experiences, while touchless heart rate monitoring and facial expression detection are revolutionizing healthcare and entertainment industries. Mixed materials and advanced manufacturing methods like 3D printing and injection molding are reshaping product development. From luxury goods to telecommunications, industries are embracing 3D and 4D technologies for virtual fitting rooms, real-time processing, and high-resolution scans, promising pixel-perfect images and immersive experiences across smartphones, TVs, and more.

Additionally, the market is witnessing a surge in demand across various sectors like automotive and home gaming, driven by innovations such as time-of-flight (ToF) sensors and multi-player 3D position sensing. Technological advancements enable the creation of 3D printed products and metal-based 3D printing, while applications in artificial intelligence (AI) medical firms and luxury goods conglomerates showcase the versatility of these technologies. From orbiting spacecraft to buildings, accurate 3D models offer valuable planning insights. High-resolution scans and pixel-perfect images enhance medical diagnostics and immersive experiences, signaling the widespread adoption of 3D and 4D technologies.

Market Scope
Report Coverage	Details
Page number	162
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 19.64%
Market growth 2023-2027	USD 371.19 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	18.64
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 47%
Key countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	3D Systems Corp., American Paper Optics LLC, Barco NV, Desktop Metal Inc., Dolby Laboratories Inc., FARO Technologies Inc., General Electric Co., Hexagon AB, Koninklijke Philips NV, LG Electronics Inc., Nikon Corp., Optomec Inc., Panasonic Holdings Corp., Renishaw Plc, Samsung Electronics Co. Ltd., Sharp Corp., Sony Group Corp., Stratasys Ltd., Vicon Motion Systems Ltd., and Autodesk Inc.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our market research report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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