Press release
Global Three-Dimensional (3D) Technology Market to Reach $676.8 Billion by 2029, Growing at 16.2% CAGR
Three Dimensional 3D Technology Market Size
The market size for three-dimensional (3D) technology has expanded drastically in the past few years. It's projected to surge from $318.85 billion in 2024 to $371.3 billion in 2025, with a compound annual growth rate (CAGR) of 16.4%. The comprehensive use of 3D technology for design and prototype creation in the automotive industry, improved gaming experiences, escalating demand for virtual reality (VR) and augmented reality (AR), architectural visualization, and the growth of entertainment and consumer electronics have fueled this historic period growth.
Anticipated rapid expansion is on the horizon for the three-dimensional (3D) technology market, with projections reaching $676.8 billion by 2029, upholding a compound annual growth rate (CAGR) of 16.2%. This expected increase within the forecast period stems from the burgeoning use of 3D technology in various sectors, including medical imaging, surgical planning, customised implants, automotive design and prototyping, the transforming entertainment industry, expedited product development, as well as breakthrough developments like continuous liquid interface production (CLIP). The predicted tendencies for this period encompass technological innovation, changing client preferences globally, incorporation of e-commerce, advancements in the 3D printing materials sector, and technological confluence.
What Factors Are Fueling Growth in the Three-Dimensional (3D) Technology Market?
The growth of the 3D technology market is anticipated to be fuelled by the expanding entertainment industry. The term "entertainment industry" encompasses a variety of sub-industries dedicated to providing entertainment, such as theater, film, fine art, dance, opera, music, literary publishing, television, and radio. 3D technology elevates the viewer's experience by adding depth and realism, making movies, television shows, and games more engaging. This innovative technology gives viewers a profound sense of depth perception, enabling them to feel involved in the action. For example, Ontario Creates, a US-based government administration, reported that domestic film and television production remained robust in 2022, contributing $1.20 billion, which marked a 25% growth from the previous year. Consequently, the booming entertainment industry is fuelling the expansion of the 3D technology market.
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Which Leading Companies Are Shaping the Growth of the Three-Dimensional (3D) Technology Market?
Major companies operating in the three-dimensional (3D) technology market are BASF SE, Hewlett-Packard Development Company LP, Dassault Systèmes SE, Autodesk Inc., EOS GmbH, Stratasys Ltd., Siemens AG, Renishaw plc, 3D Systems Corporation, Proto Labs Inc., Materialise NV, Desktop Metal Inc., Carbon Inc., SLM Solutions Group AG, Markforged Inc., Formlabs Inc., Arcam AB, EnvisionTEC Inc., Nano Dimension Ltd., Shapeways Inc., Voxeljet AG, Optomec Inc., ExOne Co., XYZprinting Inc., Mcor Technologies Ltd.
What Are the Major Trends Shaping the Three-Dimensional (3D) Technology Market?
Leading corporations in the 3D technology market are introducing inventive products integrated with advanced technologies such as the Metal Jet S100 Solution. This aims to spur innovation, augment efficiency, and boost product personalization. The Metal Jet S100 Solution is a particular 3D printing technique that employs binder jetting - a process wherein metal powder layers are precisely deposited and fused using a bonding substance. To illustrate, Hewlett-Packard Development Company, an American tech firm, introduced the Metal Jet S100 Solution in September 2022. This industrial metal 3D printing solution, driven by digital technology, is crafted for the large-scale production of complex, high-quality metal 3D components. The solution is celebrated for its accuracy, speed, and capacity to generate intricate structures, deeming it suitable for diverse industrial uses. The unique characteristics of the Metal Jet S100 Solution make it an adaptable and effective choice for the creation of top-notch metal parts with intricate designs and strict tolerances.
What Are the Key Segments of the Three-Dimensional (3D) Technology Market?
The three-dimensional (3D) technology market covered in this report is segmented -
1) By Product: 3D Camera, 3D Scanner, 3D Printer, 3D Imaging Designing, 3D Display Technology
2) By Application: Production Parts, Prototypes, Tools And Fixtures
3) By End-User Industries: Healthcare, Entertainment And Media, Education, Other End-User Industries
Subsegments:
1) By 3D Camera: Consumer 3D Cameras, Professional 3D Cameras, Industrial 3D Cameras
2) By 3D Scanner: Laser 3D Scanners, Structured Light Scanners, Handheld 3D Scanners
3) By 3D Printer: Fused Deposition Modeling (FDM) Printers, Stereolithography (SLA) Printers, Selective Laser Sintering (SLS) Printers
4) By 3D Imaging Designing: Software For 3D Modeling, Animation Software, Rendering Software
5) By 3D Display Technology: Autostereoscopic Displays, Virtual Reality (VR) Displays, Augmented Reality (AR) Displays
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Which Region Dominates the Three-Dimensional (3D) Technology Market?
North America was the largest region in the three-dimensional (3D) technology market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the three-dimensional (3D) technology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Three-Dimensional (3D) Technology Global Market Report?
- Market Size Analysis: Analyze the Three-Dimensional (3D) Technology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Three-Dimensional (3D) Technology Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Three-Dimensional (3D) Technology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Three-Dimensional (3D) Technology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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