Mumbai, India – April 29, 2014 – The 3D technology market is one of the newest realms in the printing market that is taking the industry by storm. The multiple dimensional technologies have made significant technological advances and come a long way from two-dimensional (2D) to three-dimensional (3D) technologies. While the 2D technology has dominated the market for a long time, advances in technology has given a great boost to the 3D technology market to the extent that it is today being used in multiple applications – 3D Printing Industry, Entertainment, Healthcare, Government and Defense, Aerospace, Industrial and Manufacturing and Architecture. Studies indicate that entertainment has been one of the most dominant applications in the market, and is expected to continue to lead the market till 2020.
The forecast for 3D-ready display devices shipment for the next few years suggests that the 3D technology market is expected to grow at a considerable rate between the period 2013 and 2020. While the industry sold around 53 million units in 2011, 3D printing market analysis expect the sales to go up to around 250 million units by 2020, mainly due to popularity of auto-stereoscopic displays in televisions and mobile phones. Given that the auto-stereoscopic displays market is going to directly impact the overall 3D display technology market since it is the maximum revenue generating segment, the 3D printing market is looking up for the next few years.
Though the cost of 3D technology is considerably higher compared to 2D technologies, the market has seen a considerable price correction in the last two years. To cite an instance, the average price of 3D television with glasses which was USD 2,500 in 2011, reduced to USD 2,000 in 2013. Looking at the potential of the technology, many governments are now breathing life into 3D printing technologies. Due to the favorable market situations, the 3D printing technology market is taking a huge leap with a speculated growth of CAGR 39.1% between 2013 and 2020. One of the major revenue streams for the 3D technologies is the healthcare industry which is also poised for exponential growth between 2013 and 2020, growing at a CAGR of 22.7% Given its immense potential the 3D display technology is estimated to become the highest revenue generating segment by 2020, wherein North America is expected to contribute 35.1% of the revenue of the total 3D technology market.
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