The 3D and 4D technology market size is projected to reach USD 465.0 billion by 2025 from an estimated USD 221.1 billion in 2020, at a CAGR of 16.0% from 2020 to 2025. Rising demand for 3D and 4D technology in entertainment industry and intensifying demand for 3D technology-based devices in consumer electronics are among the factors driving the growth of the 3D and 4D technology market.
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), and Vicon Motion Systems Ltd. (UK), are some of the key players in the 3D and 4D technology market. These players have adopted various growth strategies, such as product & solution launches and solution updates, agreements, contracts, collaborations, acquisitions, and partnerships, to retain their presence in the 3D and 4D technology market. Product & solution launches and solution updates has been the most dominating strategy adopted by the key players from 2018 to 2020 to help them strengthen their product portfolio and broaden their customer base.
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Samsung Electronics Co., Ltd. witnessed a revenue decrease of approximately -4%-5% from 2018 to 2019 and held ~8-11% share of the 3D and 4D technology market in 2019. To strengthen its market position, the company is engaged in constant launches of products and solutions. It focuses on producing 3D input devices, output devices, and imaging solutions to cater to the demands from the entertainment, consumer electronics, and healthcare sectors.
GE Healthcare held the second position in the 3D and 4D technology market. The company 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). Through its medium-term business model, the company is actively pushing initiatives to improve its performance and optimize its visualization, imaging, rendering, and scanning portfolio
Hexagon AB has secured third position in the 3D and 4D technology market. The companys products demand is driven by the industrial and construction sectors demand. The company is concentrating on enhancing its product portfolio by actively offering innovative products to cater to consumers’ requirements. For instance, Leica GS18 I is a versatile, survey-grade GNSS RTK rover for safe and more productive mapping and positioning applications in the construction & automotive sector. The company also invests significantly in R&D to drive profitable growth and optimize its manufacturing capability. For instance, the company invested 13.2% of its revenue in R&D in 2019.
3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography - Global Forecast to 2025
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