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The 3D technology market share is expected to increase to USD 218.71 billion from 2021 to 2026, at a CAGR of 16.89%.
This 3D technology market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers 3D technology market segmentation by application (media and entertainment, automotive, industrial, military and defense, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The 3D technology market report also offers information on several market vendors, including 3D Systems Corp., American Paper Optics LLC, Autodesk Inc., Barco NV, Desktop Metal Inc., Dolby Laboratories Inc., EnvisionTEC GmBH, FARO Technologies Inc., Hexagon AB, Koninklijke Philips NV, LG Electronics Inc., Nikon Corp., Optomec Inc., Panasonic Corp., Renishaw Plc, Samsung Electronics Co. Ltd., Sharp Corp., Sony Group Corp., Stratasys Ltd., and Vicon Motion Systems Ltd. among others.
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The increasing product launches, strategic collaborations, and mergers and acquisitions (M&A) is notably driving the 3D technology market growth, although factors such as lack of efficient system operators and unemployment issue may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the 3D technology industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key 3D Technology Market Driver
One of the key factors driving the global 3D technology market growth is the increasing product launches, strategic collaborations, and mergers and acquisitions. Some of the recent examples are as follows:
Such activities are expected to drive the growth of the market during the forecast period.
Key 3D Technology Market Trend
Development of 3D printing technology in the medical and pharmaceutical industry is one of the key 3D technology market trends that is expected to impact the industry positively in the forecast period. 3D printing technologies are used to develop patient-specific devices and surgical instrumentation by using patient medical imaging. 3D printing significantly speeds up the manufacturing process and involves low costs but is as effective as the prosthetics manufactured using traditional manufacturing processes. 3D implants can significantly reduce the cosmetic deformities associated with such surgeries. It can be used to develop customized prosthetics that suit and fit the wearer. The low cost of these products makes them particularly suitable for children, who quickly outgrow their prosthetic limbs. Nearly 99% of the hearing aid that fits the ear are custom-made using 3D printing. Such factors will further support the market growth in the coming years.
Key 3D Technology Market Challenge
One of the key challenges to the global 3D technology market growth is the lack of efficient system operators and the unemployment issue. Process industries are currently deploying industrial automation technologies, such as 3D technology, to enhance productivity and efficiency. Thus, several employee unions are apprehensive of technological incorporation as they fear that this will directly impact human employment due to a shortage of efficient operators. However, 3D systems assist in the production of high-quality products at low operational costs. Thus, the real scenario is in stark contrast to the general perception of loss of employment. The vast industrial expertise of these employees, along with automated technologies, will help them bargain for better skilled and high-paying positions in the end-user industries. Technavio expects this perception to continue to be a challenge for end-user industries, which may hamper the market growth during the forecast period.
This 3D technology market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global 3D technology market as a part of the global technology hardware, storage, and peripherals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the 3D technology market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the 3D technology market encompasses successful business strategies deployed by the key vendors. The 3D technology market is fragmented and the vendors are deploying growth strategies such as product launches, strategic collaborations, and mergers and acquisitions to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The 3D technology market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the 3D technology market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market's growth will originate from North America during the forecast period. The US is the key market for 3D technology in North America. Market growth in this region will be faster than the growth of the market in South America, Europe, and MEA.
The rising adoption of 3D technology by the defense and aerospace, healthcare, consumer electronics, robots, and automotive industries will facilitate the 3D technology market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the 3D technology market in North America witnessed certain challenges owing to the COVID-19 pandemic, which resulted in the temporary closure of various industries, including automotive, industrial, military and defense, and media and entertainment. However, the demand for 3D technology increased in 2020 due to the urgent requirement for devices to control the spread of the disease. Hence, such factors will increase the demand for 3D technology-based products, which, in turn, will drive the growth of the 3D technology market in the region during the forecast period.
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The 3D technology market share growth by the media and entertainment segment will be significant during the forecast period. With the growing popularity of 3D films and the increasing number of 3D programming in film and video games, 3D technology is expected to show tremendous growth in the media and entertainment segment. Therefore, it is expected that the media and entertainment segment in the global market will experience positive growth in the coming years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the 3D technology market size and actionable market insights on post COVID-19 impact on each segment.
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3D Technology Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Decelerate at a CAGR of 16.89% |
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Market growth 2022-2026 |
$ 218.71 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
18.52 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 49% |
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Key consumer countries |
US, China, Japan, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
3D Systems Corp., American Paper Optics LLC, Autodesk Inc., Barco NV, Desktop Metal Inc., Dolby Laboratories Inc., EnvisionTEC GmBH, FARO Technologies Inc., Hexagon AB, Koninklijke Philips NV, LG Electronics Inc., Nikon Corp., Optomec Inc., Panasonic Corp., Renishaw Plc, Samsung Electronics Co. Ltd., Sharp Corp., Sony Group Corp., Stratasys Ltd., and Vicon Motion Systems Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Application
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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