Market Highlights

The global 3D technology market is witnessing rapid growth, mainly due to the rising adoption of the technology across major industries. The 3D technology has been around for decades, demonstrating significant adaptability in rapidly developing industries, such as healthcare, automotive, aerospace, plastics, electronics, and others. The technology has also brought revolutionary changes in the gaming and other fields, such as product design, corporate presentation, and personal entertainment.

However, the most popular applications of 3D technology are PC, architecture, industrial, and education tools. The emergence of 3D printing technology/ 3D printers that uses additive processes to offer the ability to print larger samples at faster rates than industry standards has further escalated the popularity of this technology.

In healthcare, 3D technology is used for carrying out complex surgeries, customized implants & prosthetics, medical models, and medical devices, revolutionizing the whole traditional medical treatment method. The 3D technology is also extensively used in dentistry to improve dental & orthodontic treatments, development of orthopedic implants & drugs, tissue engineering, and many more.

With its vast applications in additive manufacturing, dentistry, medical device manufacturing, and care concepts, 3D technology is projected to garner massive prominence in the years to come. According to Market Research Future (MRFR), the global 3D technology market is estimated to garner significant valuation by 2027, growing at an impressive CAGR throughout the forecast period (2020 – 2027).

Rising R&D funds from public-private sectors to develop the technology and wide uses of 3D cameras in the making of animation movies and advertisements are major 3D technology market trends. Conversely, the lack of expertise is a major factor impeding the growth of the market. Nevertheless, rising usages of the technology in the healthcare industry to improve surgical services would support the market growth throughout the assessment period.

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Segmentation:

The 3D technology market forecast is segmented into product types, applications, and regions. The product type segment is sub-segmented into 3D cameras, 3D scanners, 3D printers, 3D image designing, 3D display technology, and others.

The application segment is sub-segmented into healthcare, media & entertainment, government, aerospace & defense, manufacturing, architecture, and others. The region segment is sub-segmented into Americas, Europe, Asia Pacific, and the Rest-of-the-World.

3D Technology Market - Geographical Analysis

North America has continually been dominating the global 3D technology market. The largest market share attributes to the presence of notable industry players and the augmenting demand for 3D technology in the region. Besides, vast investments in various verticals, such as civil & architecture, media & entertainment, medical & forensic labs, and industrial manufacturing, boost the region’s 3D technology market size.

Europe stands second in the global 3D technology market, mainly due to the spurting growth in the medical device industries and increasing medical device use in the region. Many start-ups, alongside large enterprises, are substantially investing in 3D technology development, considering the future market potential.

Additionally, rising government initiatives promoting technology developments foster market growth. Germany, UK, and France are major 3D technology markets in the region, accounting for a sizable market share.

The Asia Pacific region would be one of the prominent 3D technology markets. The region witnesses the strong presence of global players, who, alongside the local players investing high into the healthcare domain. Moreover, the presence of well-established medical device manufacturing companies boosts the region’s 3D technology market share. The rising adoption in medical device prototyping propels the 3D technology market industry in the region.

3D Technology Market - Competitive Analysis

The 3D technology market appears highly competitive due to the presence of several well-established players. To gain a larger competitive share, industry players adopt strategic initiatives such as mergers & acquisitions, collaborations, expansion, and new technologies/product launches. Industry players make substantial investments to drive R & D to develop new products & technologies and increase their global footprints.

Major Players:

Players leading the global 3D technology market include 3D Hubs (Netherland), 3D Systems, Inc. (US), WASP 3D (Italy), Faro Technologies, Inc. (US), Voxel8, Inc. (US), Hexagon AB (Sweden), Panasonic Corporation (Japan), HP Development Company, LP (US), ExOne (US), and Sony Corporation (Japan), among others.

Industry/ Innovation/ Related News

Apr 21, 2021 --- Nanoform Finland Plc, an innovative nanoparticle medicine enabling company, and Aprecia, the 3DP (3D printing) pharmaceutical company, announced their collaboration to advance 3D printed Nanomedicines. This collaboration would provide their customers and the pharmaceutical industry with new capabilities in patient-centric therapies. Companies are exploring the synergies between their respective technologies in the field of nanoparticle-enabled 3DP dosage forms.

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3D Technology Market, By Product Type (3D Camera, 3D Scanner, 3D Printer, 3D Image Designing, 3D Display Technology), By Application (Healthcare, Media & Entertainment, Government, Aerospace & Defense, Manufacturing, Architecture and Others)- Forecast 2027

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