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13
Sep-2019
3d and 4d Technology Market Recent developments and Trends
3D and 4D technology market is expected to grow by USD 172.52 Billion in 2018 and is expected to grow by USD 365.02 Billion by 2023 at the CAGR of about 16.17%.
Introduction:
4D printing technology is an advanced 3D printing technique in which the material used for printing can be programmed to change shape and change in the function of the external environment. The development of 4D technology in terms of various products and services should be a radical change in the 3D and 4D technology market. One of the main applications of 4D technology in the entertainment industry. More specifically in 4D theaters.
3D and 4D Technology Developments and Growth:
The development of technology is a capital intensive process. 4D printing technology attracts funds from several universities because of its potential manufacturing advantages. There is a growing awareness of the "temporal" dimension of 3D printing, and the concept is being discussed at universities such as Birmingham, Bristol, Durham, Edinburgh, Napier, Leeds, Warwick, and York. In addition, the US Army Research Office. UU. It has allocated $ 855,000 to researchers at the Harvard School of Engineering and Applied Sciences, the University of Illinois, and the Swanson School of Engineering at the University of Pittsburgh.
3D / 4D technology, formerly used primarily for entertainment, is increasingly used in a variety of sectors, such as health, education, and construction, which in turn is driving the market. In addition, the production or manufacture of individual parts and components, meeting the requirements of the small industry, contributes significantly to the growth of the current 3D / 4D technology market.
Recent developments:
In 2018, a study conducted by 3D Hubs, a manufacturing services network, found that 3D printers and 3D printing service providers captured more than 50% of the 3D 4D technology market by segment.
February 2019: Xerox acquires Vader Systems, the New York-based metal additive manufacturing company. This acquisition will allow Xerox to offer its customers access to low-cost AM metals with more metals. Vader Systems is the manufacturer of the world's first liquid commercial 3D liquid printer.
January 2019: Adobe acquires 3D software company Allegorithmic, manufacturer of Substance, the industry standard for 3D textures and the creation of gaming and entertainment media. This should enable video game creators, visual effects artists working in film and television, designers, and sellers to offer the next generation of immersive experiences.
Key Trends:
3D printing or additive manufacturing (AM), also known as Rapid Manufacturing (RM) and Rapid Prototyping (RP), allows you to create solid objects, layer by layer, in the same way as 2D Printer superimposed on "printed" layers. one over the other.
A new technology or invention can be evaluated considering its applications and its positive influence on human life and society. The increase in the use of 3D printers accelerates the growth rate of the market. The use of 3D printers is distributed in several sectors. The automotive and aerospace industries have an important part of 3D printer applications.
According to the current scenario, prototyping would occupy 55% of the 3D printing market. It allows testing before sending final designs to manufacturers and provides a clear demonstration of products for sales and collaborations.
A study by Sculpteo found that more than 70% of companies had increased their investment in 3D printing in 2018, compared to 49% in 2017, and that approximately 93% of companies were able to gain a competitive advantage through for example a reduction in processing time. Market, support for shorter production cycles.
Regional Analysis:
America is the leading growth region in 3D and 4D technologies in terms of revenue, followed by Europe. The European market is experiencing substantial growth with the rapid adoption of 3D technology in applications such as health, education, and consumer electronics.
Key Stakeholders:
- New companies
- Venture Capital Specialist
- Investment houses
- Engineering offices
- Actors in the end-user industry.
- Suppliers of infrared and ultrasound technology.
- Suppliers and manufacturers of sensors, transmitters, receivers, cameras, projectors.
WRITTEN BY: Karthik Thelakula
Karthik Thelakula is a Content Writer in Market Data Forecast, one of the world’s leading research and consulting for various business domains, individuals and corporate clients
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