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3. 3D and 4D Technology Companies - Samsung (South Korea) and GE Healthcare (US) are the Key Players

The 3D and 4D technology market is projected to grow from USD 399.7 billion in 2024 and is projected to reach USD 866.5 billion by 2029; it is expected to grow at a CAGR of 16.7% from 2024 to 2029.

The growth of the 3D and 4D technology market is driven by surge in the trend of 3D and 4D gaming, rising demand for 3D-enabled devices across verticals, and rising demand for 3D and 4D technology in entertainment industry.

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Major 3D and 4D Technology companies include:

• Samsung (South Korea)
• GE Healthcare (US)

Key strategies adopted by the players in the 3D and 4D technology market ecosystem to enhance their product portfolios, increase their market share and expand their presence in the market mainly include new product launches and partnerships and acquisitions.

For instance, in December 2023, Samsung (South Korea), introduced two new ISOCELL Vizion sensors, a time-of-flight (ToF) sensor, the ISOCELL Vizion 63D, and a global shutter sensor, the ISOCELL Vizion 931. Samsung’s ISOCELL Vizion 63D and ISOCELL Vizion 931 will be essential in facilitating machine vision for future high-tech applications like robotics and extended reality (XR).

In October 2023, Leica Geosystems (Sweden), part of Hexagon announced the upcoming release of the Leica BLK2GO PULSE. The BLK2GO PULSE is a new first-person laser scanner that combines cutting-edge LiDAR sensor technology with the original Leica BLK2GO form factor. It provides customers with a rapid, simple and intuitive first-person scanning method, controlled with their smartphone, that delivers full-colour 3D point clouds instantly in the field.

Samsung holds a strong position in the 3D and 4D technology market owing to its strong customer base and global presence. The company's 3D input and output devices and imaging solutions are purchased by various end users worldwide; this reflects the brand recognition sustained by the company globally. The company is concentrating on enhancing its 3D output devices portfolio by actively engaging with customers to design and offer innovative products according to their requirements. The company also invests significantly in R&D to drive profitable growth and optimize its manufacturing capability. In 2022, the company invest(~8%) of its reevenue in R&D. Its R&D activities are principally conducted globally in the US, Denmark, France, Israel, India, Japan, and China. The company focuses on a growth-oriented portfolio and industry-leading business across attractive end markets for 3D and 4D devices and solutions, including consumer electronics, entertainment, and healthcare. The 3D output devices such as tablets and notebook launched by the company target the youth who are highly involved in gaming, video & photo editing applications. The company’s business portfolio has offered multiple opportunities to drive organic growth, which is also augmented by partnerships that will continue to generate value for both customers and shareholders.

GE Healthcare has continued to innovate through the years, launching a host of new products that include the Edison Developer Program and Deep Learning Image Reconstruction (DLIR). The company is specifically focusing on 3D and 4D imaging solutions for healthcare applications. Also, the company has a strong brand name and global presence. Through its medium-term business model, the company is actively pushing initiatives to improve its performance and optimize its 3D and 4D visualization, imaging, rendering, and scanning portfolio. The company aims to maintain its leading position by continuing to deliver innovative solutions that best address its customers’ needs. In 2022, the company invested USD 1.0 billion in R&D. As of FY2022, it has a presence in more than 160 countries, helping over a billion patients annually through GE imaging technology, solidifying market presence, and fostering extensive customer trust and loyalty. In February 2023, GE Healthcare announced the acquisition of Caption Health, intending to broaden ultrasound accessibility by leveraging FDA-cleared, AI-powered image guidance technology.

Related Reports:

3D and 4D Technology Market by Solution Type (3D & 4D Input Devices, 3D and 4D Imaging Solutions, 3D Output Devices), End Use Application (3D and 4D Gaming, 3D & 4D Cinema), Vertical (Entertainment, Military and Defense), Region - Global Forecast to 2029

Contact:
Mr. Aashish Mehra
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