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3D & 4D Technology Market Expected to be Worth $314 Billion by 2022

by • April 25, 2016 • No Comments

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Whilst many of us are yet sitting around waiting for Virtual Reality innovation to take place, it may aleager appears to be having an impact on the business world. Just of each significant tech company in the world is releasing, getting eager to release or developing VR headset devices, and there are may aleager a host of companies appearing to adapt the innovation to an amazingly wide range of applications. From virtual reality business meetings, virtual reality video games, virtual reality social media and virtual reality pornography, only of eachone is acting like VR and 3D tech is the next, and at this point it is starting to appear inevitable.

According to global market research company MarketsandMarkets, high end 3D and 4D innovation, like virtual reality, 3D printing, 3D imaging and CAD software, is going to drive the 3D & 4D Technology Market to reach an expected $314.17 Billion by the year 2022. That may be an amazing compound yearly growth rate of just about 17% of 2016 to 2022. There is a multitude of industries and sectors which may be contributing to this market expansion, which include the entertainment & animation industry, CAD-based additive making, the growing custom parts and products market and military & defense. Whilst the biggest market for 3D and 4D innovation is already North America, the Asia-Pacific region (APAC) can see the most quickly market growth.

The of the world 3D and 4D innovation market.

The of the world 3D and 4D innovation market. [Image courtesy MarketandMarkets.]

The APAC region is already the most quickly-growing market for 3D innovation, and which is unlikely to alter given their current growth rate and the growing market future for next 3D applications. Whilst the entire region is expected to see a spike in demand, the major markets which MarketsandMarkets expects to see the most quickly growth can be in China, India and to a lesser degree Japan. The region’s demand for 3D innovation applications can be driven by rising income levels in the APAC region, lifestyle alters as additional folks move to cities, and a growing require to stay competitive in the global market by developing faster making innovation.

VR goggles.

Virtual reality headset.

Demand of the entertainment industry can play a significant role in the development of new consumer 3D innovation due to the expected growing interest in applications like 3D cinema and 3D animation. The technologies which can show the most quickly growth through 2022 inside the 3D & 4D Technology market are 3D scanners, 3D sensors, 3D cameras and 3D imaging. Obviously virtual reality and 3D entertainment can be one of the main reasons the 3D input device market is growing so quickly, but the industrial making sector can in addition be driving a lot of this growth. As making races to become additional automated, and 3D printing equipment become additional common inside industrial workflows, there is a growing require for faster and higher high end inspection and validation technologies.

The defense sector is in addition expected to heavily effects the 3D market growth as they start applying high end 3D imaging innovation to new, military applications. Head-mounted displays (HMD) are expected to be widely adopted for military use, which include innovation which can be utilized to track and select the location and movements of enemy combatants. HMD innovation can in addition have applications for differentiating between friendly and unfriendly members in active war zones, and for use in autonomous or self-navigating military vehicles. MarketsandMarkets expects the military to heavily use technologies like 3D navigation systems, 3D multi displays, 3D radar systems, and virtual reality applications. The high-resolution imaging capabilities of 3D radar systems can in addition prove useful for applications like landmine detection and weapons and explosives identification.

Advanced military head-mounted displays.

Advanced military head-mounted displays.

All of this market research is collected in a new MarketsandMarkets report called “3D & 4D Technology Market by Technology (3D Cameras, 3D Scanners, 3D Sensors, Head-Mounted Display, 3D Smartphone, 3D Glasses, 3D Projectors, and 3D Printers, 3D Gaming, 3D Cinema, 3D Navigation, 3D Animation, 3D Motion Capture, 3D Metrology, 3D Gesture Recognition and 4D Printing), and Region – Global Forecast to 2022”. What are your thoughts on these financial figures for the next? Discuss in the 3D & 4D Industries Projected to be at $314 Billion by 2022 forum over at 3DPB.com.