The North America 3D 4D technology market size is expected to expand at a high CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the strengthening R&D and technological progress.
3D and 4D technology is increasingly applied to each Industry such as healthcare, education, and construction. In addition, individual parts and components manufactured to meet the needs of small industries have made a significant contribution to the growth of the North American 3D and 4D market in a challenging environment. Digitalization has replaced traditional products with a powerful 3D platform, making it more attractive for end users. It generates accurate information before final production to avoid false results, thereby reducing production cost and time. Recent innovations have significantly accelerated the growth of the regional market. The key opportunities to help enterprises develop are the advancement of 4D technology, the wave of 3D technology in the healthcare sector, and the proliferation of auto stereoscopic displays in 3D advertising.
Market Trends, Drivers, Restraints, and Opportunities
- Growing demand for 3D and 4D technologies with Visual effects (VFX) used in movies to create a more realistic environment in entertainment industry are expected to boost the market.
- Rapid growth of the healthcare industry is estimated to increase the demand of 3D and 4D technology.
- High maintenance cost of 3D and 4D imaging devices are expected to hamper the market growth.
- Lack of awareness about high end technologies and acceptance of high cost technologies with limited options act as major challenges that can hamper the market growth during the forecast period.
- R&D investment and technological advancement in 3D cameras, scanners, sensors, printers, and displays are expected to offer lucrative opportunities for the market players.
Scope of the Report
The report on the North America 3D and 4D Technology market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes
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Details
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Report Title
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3D and 4D Technology Market - North America Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2020
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Historic Data
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2018–2019
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Forecast Period
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2021–2028
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Segmentation
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Applications (Electrical & Electronics Components [IC, Transistors, and Sensors], 3D Printer, 3D Gaming Consoles, 3D Imaging, 3D Display), Industry (Entertainment & Media, Education, Healthcare, Government, Industrial, and Consumer Electronics)
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Country
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The United States and Canada
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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3D System Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., Panasonic Corporation, and Dolby Laboratories Inc.
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Market Segment Insights
The healthcare segment is projected to represent a major market share
Based on industry, the North America 3D and 4D technology market is segmented into entertainment & media, education, healthcare, government, industrial, and consumer electronics. The healthcare segment is expected to hold a key share of the market during the forecast period owing to the increasing integration of technology into the medical field. New inventions in the field of spatial recognition by gamers and the use of applications in media and films, 3D technology is inhibiting profitable growth. The market growth is driven by end users willing to pay premium prices for enhanced services that support the initial adoption rate.
3D and 4D imaging segment is anticipated to register highest CAGR during forecast period
Based on applications, the North America 3D and 4D technology market is segmented into electrical & electronics components, 3D printer, 3D gaming consoles, 3D imaging, and 3D display. The electrical and electronics segment is further segregated into IC, transistors, and sensors. The 3D and 4D imaging segment is expected to expand at a high CAGR during the forecast period owing to growing consumption of 3D and 4D imaging solutions in various consumer electronics products such as smartphones, cameras, and TVs. In addition, increased demand for modern mobile phones, automobiles, and consumer electronics is expected to lead to increased demand for 3D and 4D devices and solutions.
The US is anticipated to hold a major market share
On the basis of country, the North America 3D and 4D technology markets is classified as the US and Canada. The market of United States is anticipated to expand at a rapid pace during the forecast period. Growth of the market is attributed to substantial investment in research and development. The US medical device industry is known for providing high-quality products with cutting-edge technology. The US has the world's largest medical device market, so 3D medical devices are expected to be widely used in various fields of the US healthcare industry.
Segments
Segments Covered in the Report
The North America 3D and 4D technology market has been segmented on the basis of
Applications
- Electrical & Electronics Components [IC, Transistors, and Sensors
- 3D Printer
- 3D Gaming Consoles
- 3D Imaging
- 3D Display
Industry
- Entertainment & Media
- Education
- Healthcare
- Government
- Industrial
- Consumer Electronics
Geography
Key Players
- 3D System Corporation
- Samsung Electronics Co. Ltd.
- LG Electronics Inc.
- Panasonic Corporation
- Dolby Laboratories Inc.
Competitive Landscape
Key players competing in the North America 3D and 4D Technology market include 3D System Corporation, Samsung Electronics Co. Ltd., LG Electronics Inc., Panasonic Corporation, and Dolby Laboratories Inc.
North America with many new investments in the research and development of 3D/4D technology has evolved as the leading market. Some of these players are using several market strategies such as acquisitions, merger, collaborations, partnerships, capacity expansion, and product launches to enhance their market shares and to generate revenue and raise their production line of the business in the coming years.
In January, 2020 3D Systems and CollPlant Biotechnologies announced a joint development agreement to improve and accelerate the progress of the biomedical industry. They planned to jointly develop tissue and scaffold bioprinting processes for external employees.
In November, 2019 ExOne showcased the series version of the metal 3D printer X1 25PRO at Formnext 2019.
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