Wednesday, 23 July 2014

Three-Dimensional (3D) Technology Market

The multiple dimensional technologies have come a long way from two-dimensional (2D) to three-dimensional (3D) technologies. The 2D technology has had a long stay in the market; however, technological advancements have developed the 3D technology to the extent that it is being used in multiple applications, namely 3D Printing Industry, Entertainment, Healthcare, Government and Defense, Aerospace, Industrial and Manufacturing and Architecture. Entertainment has been the most dominant application in the market, and it is expected that entertainment would continue to lead the market in the forecast period. The forecast for 3D ready display devices shipment for the next few years suggests that the 3D market would grow at a respectable rate between the period 2013 and 2020. The sales were around 53 million units in 2011, and it is expected that the sales would grow to around 250 million units in 2020, mainly due to popularity of auto-stereoscopic displays in televisions and mobile phones.

Furthermore, auto-stereoscopic displays market is going to directly impact the overall 3D display technology market as it is the maximum revenue generating segment. The cost of 3D technology is higher as compared to 2D; however, there has been a considerable price correction in the last two years, For example, the average price of 3D television with glasses was $2,500 in 2011, which reduced to $2,000 in 2013. Looking at the potential of the technology, many governments are breathing life into 3D printing technology. Due to the favorable market situations, the 3D printing technology market is taking a huge leap, and is growing at CAGR of 39.1% during 2013-2020.

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