3D Technology Market 2020: Competitive Analysis of 3D Systems, 3D Hubs, WASP 3D, Voxel8, Faro Technologies etc. till 2022

The detailed report published by Market Research Future (MRFR) projects that the global 3D technology market is marked to exhibit remarkable growth at a CAGR of 15% during the forecast period of 2016-2022 and reach the market valuation of USD 145 Bn by the end of the review period. Rapid adoption of 3D technology in various industrial sectors such as industrial manufacturing, automotive, aerospace and defense, healthcare, media and entertainment, and others, increasing investments for incorporation of 3D printing technology in various industries to fasten the manufacturing process and improve the accuracy of the end-products, and high demand for 3D technology in media and entertainment are the major factors propelling the growth of the global 3D technology market during the assessment period.

Key Players:

The prime players profiled by Market Research Future (MRFR) that are operating in the global 3D technology market are 3D Systems, Inc. (the U.S), 3D Hubs (Netherland), WASP 3D (Italy), Voxel8, Inc. (the U.S), Faro Technologies, Inc. (the U.S.), Hexagon AB (Sweden), HP Development Company, L.P. (the U.S), Panasonic Corporation (Japan), ExOne (the U.S), Sony Corporation (Japan) and others.

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In this rapid advancement in technology industry. To enhance the viewing experience, the invention of the 3D technology emerged. The usage of 3D software has expand overtime and came up with easy solutions of complex problems. The problems faced by surgeons while performing complex surgeries, they have to wear the headset and so are not able to connect with the surrounding. Due to the invention of 3D technology the surgeons can have depth view of the organs and can perform better. The key drivers of 3D technology is its application in medical treatment such as dental implant, implants hearing aid shells, replace hips and knees. The government has grant huge funds in countries UK, US and China in the development of 3D technology, especially in 3D printing.

Segmental Analysis:

The global market for 3D technology is segmented on the basis of product type and application.
Based on product type, the global 3D technology market has been segmented into 3D printer, 3D scanner, 3D glasses, 3D camera, 3D image designing, and 3D display technology.

Based on applications, the global 3D technology market has been segmented into healthcare, media and entertainment, government, aerospace & defense, manufacturing, architecture, and others.

Regional Analysis:

Geographically, the global 3D technology market has been segmented into four major regions such as North America, Europe, Asia Pacific, and the rest of the world.

The North America region commands the maximum share of the global 3D technology market owing to the rapid adoption of 3D technology in various sectors such as industrial manufacturing, automotive parts manufacturing, aerospace and defense, healthcare, media and entertainment and others, increasing investments for incorporation of 3D printing technology in various industries to fasten the manufacturing process and improve the accuracy of the end-products, and high demand for 3D technology in media and entertainment in order to fulfill the increasing demand from the consumers across the globe.

The Europe region is projecting notable growth in the global 3D technology market owing to the easy adoption of advanced 3D technology to carry out extensive research and development in the healthcare sector and increasing application of 3D technology in industrial manufacturing and aerospace and defense sector in this region.

The Asia Pacific region is projecting significant growth in the global 3D technology market owing to the high demand for 3D technology in various industries and increasing adoption of technologically advanced solutions in the emerging economies of this region.

Industry Updates:

In April 2018, a neurological surgery program of Northwestern Medicine Lake Forest Hospital had received a grant of USD 50,000. This program utilizes 3D animation technology and virtual reality technology through iPad in order to provide patients with an explanation for various medical conditions.

In July 2018, BASF, one of the leading providers of automotive solutions, has announced that it has signed a deal of partnership with a major supplier of 3D printing technology, Materialise. This partnership is aiding these companies for working together in an open business model for providing improved software and materials for multiple 3D printing technologies.

In February 2019, an electronic medical device manufacturer, EMTEL, has announced the selection of 3DGence's 3D printers for its product prototyping and parts supply.

In February 2019, Lamborghini, the leading luxury cars brand, has announced its collaboration with Carbon for 3D printing the automotive parts for approximately 1000 Urus Super SUVs that are being produced this year.

List of Table:

TABLE 1 3D TECHNOLOGY MARKET, BY PRODUCT TYPE
TABLE 2 3D TECHNOLOGY MARKET, BY APPLICATION
TABLE 3 3D TECHNOLOGY MARKET, BY GEOGRAPHY
TABLE 4 NORTH AMERICA 3D TECHNOLOGY MARKET, BY PRODUCT TYPE
TABLE 5 NORTH AMERICA 3D TECHNOLOGY MARKET, BY DEPLOYMEMNT

Continued. . .

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This release was published on openPR.