3D Technology Market Forecasts to 2030 – Global Analysis By Product (3D Printing, Active Glasses, 3D Imaging, 3D Glasses, 3D Display, 3D Camera and 3D Scanner), Application (Media & Entertainment, Industrial, Automotive, Aerospace & Defense, Healthcare,

3D Technology Market Forecasts to 2030 – Global Analysis By Product (3D Printing, Active Glasses, 3D Imaging, 3D Glasses, 3D Display, 3D Camera and 3D Scanner), Application (Media & Entertainment, Industrial, Automotive, Aerospace & Defense, Healthcare, Government, Architecture, Manufacturing and Other Applications) and By Geography
According to Stratistics MRC, the Global 3D Technology Market is accounted for $197.01 billion in 2023 and is expected to reach $566.95 billion by 2030 growing at a CAGR of 16.3% during the forecast period. Three-dimensional (3D) technology provides any image with an enhanced perception of dimension. Users can interact with the 3D visuals to enter the scenario and locate an actual scene. Images of objects created using 3D technology are incredibly precise and accurate. There is a growing demand for products based on 3D technology in a variety of applications, such as the health, entertainment, government, defence, entertainment, aerospace, automotive, and industrial sector.

According to an article published in The EurAsian Times, US Marines have been using 3D printing technologies to create instant bunkers capable of holding a HIMARS truck-mounted rocket launcher system. For this, the Defence Innovation Unit (DIU) collaborated with the Austin-based Icon 3D, a construction company specializing in 3D printing technologies.

Market Dynamics

Driver

Rising demand in healthcare sector

Healthcare research and clinical activities employ medical 3D printing extensively. The deployment of 3D technology in the healthcare sector has been observed for a variety of purposes, such as surgery planning, medical imaging, and prosthetics. More specifically, 3D printing has transformed the production of personalised medical equipment, implants, and anatomical models. Moreover, faster production, lower prices, and better patient results are all benefits of this technology. This technology has allowed for greater accuracy in surgical planning and improved medical education.

Restraint

High cost of materials and maintenance

The initial investment, ongoing maintenance, and material costs associated with 3D printers, scanners, and software can limit adoption, especially for small and medium-sized businesses and individual consumers. Sophisticated equipment can be extremely expensive to buy and install. The material used in 3D printing processes can be significantly more expensive than metal ingots or plastic for injection moulding. Up to eight times more money per unit of weight can be spent on materials for 3D technology than on traditional materials.

Opportunity

Rising demand for 3d technology in education and training programmes

There are numerous advantages to using 3D technology in education. Education has become immersive and interactive with 3D technology. It enables experiential learning, the visualisation of challenging ideas, and virtual experimentation. Additionally, 3D printing makes it possible to produce actual prototypes and models, enhancing practical education in domains like engineering and design. Moreover, students' learning experiences can be tailored using 3D modelling technologies. Through exposure to various learning experiences, 3D printing technology helps students develop their analytical thinking. Students can work at their own pace and concentrate on the areas where they need extra help with customised 3D models or simulations that have been created by educators specifically for them.

Threat

Cybersecurity risks

Digital information as well as connected devices is essential to 3D technologies. Threats to cybersecurity, including data breaches, unauthorised access, and intellectual property theft, are made more vulnerable as a consequence. In order to compromise 3D systems, malicious actors can take advantage of flaws in networks, hardware, or software, potentially resulting in the theft of confidential data or the interruption of business activities.

Covid-19 Impact

The emergence and spread of COVID-19 have had a substantial impact on market participants engaged in 3D technologies. One of the major drivers of the 3D technology market's expansion is the rising demand for automobiles on a global scale. However, due to lockdowns implemented by various governments to stop the spread of COVID-19, automobile sales have been considerably reduced globally. This has an adverse effect on the development of the 3D technology sector. Additionally, these lockdowns have an effect on global per capita income as well as the GDP of the nations involved. The slowdown in original equipment manufacturer production and the decline in demand for 3D and other electronics products have marginally hampered the market's expansion for 3D technology. Shortages of components and materials have significantly impacted global supply chains.

The 3D Imaging segment is expected to be the largest during the forecast period

The 3D Imaging segment is estimated to hold the largest share. 3D imaging is the process of creating a three-dimensional image of an object. It entails the use of distinctive cameras and software to take pictures and build a three-dimensional model of the thing. It can be applied to a wide range of applications, including product design, architectural rendering, and medical imaging. Additionally, it can be used to build prosthetic devices, schedule surgeries, and diagnose diseases. For engineering and manufacturing reasons, it can also be used to make models of commodities as well as more rapid, easier-to-read studies. It facilitates surgical planning, treatment, and diagnosis, resulting in an increase in clinical output. These elements are increasing market demand.

The Aerospace & Defense segment is expected to have the highest CAGR during the forecast period

The Aerospace & Defense segment is anticipated to have lucrative growth during the forecast period. 3D technology offers the aerospace and defence industries significant advantages in terms of weight and space constraints, allowing them to build components that will improve the performance of aeroplanes or spacecraft. More technological advances will undoubtedly result in industry breakthroughs, and 3D printing currently offers substantial benefits to the aerospace and defence industries. Moreover, with the aid of 3D printing technology, parts may be produced with extremely durable and light architectures that achieve weight reductions of about 40–60%, resulting in cost and material savings as well as reduced fuel usage.

Region with largest share

North America commanded the largest market share during the extrapolated period, due to an increase in the adoption of advanced technologies in the industrial sector; North America is now dominating the market. The region's expanding demand for cutting-edge technology-based solutions that help speed up the pace of processing is the primary driver behind the adoption of 3D technology in a variety of application areas. Moreover, two examples of North American countries that were among the pioneering and early adopters of such technology in a range of manufacturing processes are the U.S. and Canada. Due to the fast adoption of 3D technology across a wide range of industries, including automotive, healthcare, education, and other sectors. Likewise, 3D gaming has grown in popularity in the United States as a result of improved and simplified 3D technology.

Region with highest CAGR

Asia-Pacific region is expected to witness profitable growth over the projection period. The Asia-Pacific region has a rapidly expanding market. The key nations with significant prospects for the application of 3D technology in the region are India, China, and Japan. In addition, 3D technology is being extensively used in fields including healthcare, education, and consumer electronics. A desire for 3D-enabled devices is anticipated to be fuelled by increased healthy financial resources, extensive lifestyle changes, and a preference for faster manufacturing with the correct technology, which will benefit the Asian market for 3D technology.

Key players in the market

Some of the key players in the 3D Technology Market include 3D Systems Corporation, Autodesk Inc., Panasonic Corporation, TomTec Imaging Systems GmbH, Vicon Motion Systems Ltd., American Paper Optics, ExOne Company, Stratasys Ltd., Hexagon AB, Cognex Corporation, Faro Technologies Inc., Samsung, Dassault Systèmes, Barco, HP Development Company L.P., Nikon Corporation, WASP S.r.l, Desktop Metal Inc., Koninklijke Philips NV and Dolby Laboratories Inc.

Key Developments

In July 2023, 3D Systems announced new materials to enhance its Stereolithography (SLA) and Figure 4®? portfolios - Accura® AMX Tough FR V0 Black, Figure 4 Tough FR V0 Black, and Figure 4 JCAST-GRN 20. These new high-performance materials are enabling efficient production of end-use parts in industries such as automotive, aerospace, semiconductor, and consumer goods.

In March 2023, 3D Systems Announces Partnerships with 6K and TE Connectivity. 3D Systems has announced two new partnerships, each involving another American manufacturing company. One of the partnerships, with TE Connectivity — a major producer of electrical connectors and sensors, headquartered in Pennsylvania — will involve the development of 3D printed electrical connectors, using a unique photopolymer that 3D Systems engineered specifically for TE.

Products Covered
• 3D Printing
• Active Glasses
• 3D Imaging
• 3D Glasses
• 3D Display
• 3D Camera
• 3D Scanner

Applications Covered
• Media & Entertainment
• Industrial
• Automotive
• Aerospace & Defense
• Healthcare
• Government
• Architecture
• Manufacturing
• Other Applications

Regions Covered
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements