Research and Markets (http://www.researchandmarkets.com/research/vhbz8v/threedimensional)
has announced the addition of the "Three-Dimensional
(3D) Technology Market by Products, Applications, and Software - Size,
Share, Trends, Analysis, Growth and Global Forecast, 2012 - 2020"
report to their offering.
3D Technology Market is Expected to Reach $175.1 Billion, Globally,
The study observed that the global 3D technology market was valued at
$46.0 billion in 2013, and is estimated to reach $175.1 billion, by the
end of 2020, growing at a CAGR of 21% during 2013-2020.
North America is the largest geographical segment for the 3D technology
market in 2013, accounting for about 40.9% revenue. Entertainment
remains the largest application segment, while 3D printing application
is expected to exhibit the fastest growth during the forecast period.
The three-dimensional (3D) technology has gradually evolved as primary
technique for modeling, prototyping and imaging in various applications
over the past few years. With higher level of accuracy, lower privacy
risk, precision in data, easier reverse engineering, and better
communication platform, the 3D technology market is expected to grow at
CAGR of 21% during 2013-2020. However, higher cost, lower awareness and
lack of infrastructure are hindering the market growth.
The ever increasing adoption of 3D technologies in various application
segments such as healthcare, aerospace, entertainment, and architecture
is compounding the growth of the 3D technology market. Among various
applications, entertainment industry generated the maximum revenue in
2013, followed by the healthcare segment. Entertainment industry
accounted for about 39% of the global market in 2013, and the market is
expected to grow at CAGR of 22.3% during 2013 - 2020.
Major factors responsible for this growth are high quality of service
provided by 3D devices in terms of resolution, accuracy, depth
perception, enhanced display capabilities and lowered risk of piracy. In
addition, 3D printing industry is projected to be the most attractive
segment in the overall application market, accounting for about 5.3% of
3D technology market revenue in 2020.
Aerospace would be the segment of focus for 3D printing industry during
forecast period, whereas, healthcare would also render growth prospects
for 3D printing. In 3D product market, 3D displays generated maximum
revenue in 2013, followed by 3D imaging software; however, 3D printing
will be the fastest growing product segment during the forecast period.
In the geography market, North America will continue to lead in revenue
generation, mainly due to access to better infrastructure and adoption
of advanced technology among the end users. The fastest growing market
is projected to be Asia Pacific region during the analysis period.
Key Topics Covered:
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