In a recently published report, 3D and 4D Technology Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D and 4D Technology Market products.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
3D and 4D Technology Market is valued at approximately USD 190.6 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 16.0% over the forecast period 2020-2027. 3D technology, also called additive manufacturing (AM), has high-impact implementation in applications ranging from aerospace equipment to personal tools. 3D technology becomes more popular, as it has converged many technologies and applications such as food packaging sports equipment, and jewelry, along with products in the high-tech fields of aerospace, architecture, medicine, military support, education, automotive industry, and others. The rapid decreasing cost, advanced software design, and growing range of printable materials have aided to bring a new technology termed 4D printing technology.
In the entertainment industry, realistic movies made with 3D and 4D interactive effects and motion pictures are extremely popular. With upcoming developments in 3D animation and a surge in computer-based graphics, for special effects, 3D standard technology is used. In recent years, 3D animation in movies has become more popular than hand-drawn animation or physical effects in movies. Visual effects are also broadly used in movies for more realistic environment. Also, the 4D technology is progressively being used in movies to provide multi-sensory and an immersive cinematic experience.
According to the Motion Picture Association of America (MPAA) (US), the global box office collection in each region for all films released in 2D and 3D worldwide achieved USD 41.8 billion and USD 42.2 billion as of 2018 and 2019. Globally, the 3D box office collection was USD 6.5 billion and USD 6.8 billion in the same years. In 2020, due to the COVID-19 pandemic, a decrease of 1% was witnessed however from 2021 onwards, the market is anticipated to witness growth due to less stringent regulations pertaining to lockdowns. Moreover, around 73,314 digital 3D screens were taped in APAC in 2019. This increasing number of digital 3D screens shows the growing adoption of 3D technology in the entertainment sector. However, in consumer electronics industry, 3D and 4D image sensors are safeguarded against shock and dust using solid compact packaging, this in turn increases the overall cost. Hence, cost incurred in frequent maintenance or replacement of image sensors can discourage potential buyers and can restrain the market growth over the forecast period of 2020-2027.
The regional analysis of the structured cabling market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the increase in investments by key players in the direction of 3D and 4D technology-based solutions to accommodate to the demands of end users, stimulate the market demand in this region. Whereas Asia-Pacific is anticipated to exhibit the highest growth rate / CAGR over the forecast period 2020-2027. Factors such as the rise in the number of technologies required for 3D printing are anticipated to help in the market growth of the 3D and 4D technology market in the Asia-Pacific region.
Major market player included in this report are:
Samsung Electronics Co., Ltd. (South Korea)
GE Healthcare (US)
Hexagon AB (Sweden)
Autodesk, Inc. (US)
Sony Corporation (Japan)
Dassault Systèmes (France)
FARO Technologies, Inc. (US)
Stratasys Ltd. (Israel)
3D Systems Corporation (US)
Vicon Motion Systems Ltd. (UK)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By solution type:
3D and 4D Input Devices
3D and 4D Output Devices
By end-use application:
3D and 4D Gaming
3D and 4D Cinema
Military and Defense
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Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Automated fair collection system market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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