Massive growth spectrum ahead for 3D technology market, 3D printers to accumulate a major chunk of the industry stake
Category: #world  By Sunil Hebbalkar  Date: 2017-04-11
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Massive growth spectrum ahead for 3D technology market, 3D printers to accumulate a major chunk of the industry stake

3D technology market has always been, and will continue to be an attractive sector for tech giants to invest in. With a rush of top notch companies involved in this competitive business space, 3D technology industry size is projected to record a lucrative revenue over the next few years. Technology magnate HP’s recent penetration in 3D printing with the Multi Jet Fusion technology is expected to widen the scope of the industry for mainstream manufacturing.

3D technology market involves a wide range of technologies that offer a real-life three-dimensional visual appearance in almost every business arena such as 3D printing, 3D cameras, 3D measurement, 3D display, 3D software, and so on. 3D printing market is changing the calculus of the manufacturing industry, as these printers enable manufacturing without the use of tools. Rising consumer claim for economically customized products and delivery immediacy is propelling a radical shift in customer preferences from conventional manufacturing factories to a single printer.

Stratasys has recently launched a new dental 3D printer named J700 dental, that deals with Orthodonics. Global 3D printing materials market is expected to surpass USD 3 billion by 2024, which will directly fuel overall 3D technology industry.

3D enabled electronic devices and televisions are gaining popularity globally, as they enhance viewers’ in depth visual perception. Another booming product of 3D technology industry which is observing a high demand across wide end sectors is the 3D camera. Most consumer electronics, multimedia, and digital photography devices are incorporating these cameras into their design. Nikon has even introduced its first family of 360-degree action cameras named the key mission 360.

Speaking of 3D cameras, Apple will soon come up with a new iPhone 8 model integrated with advanced 3D camera sensing technology. These new editions in the market with augmented and virtual reality features inbuilt in the apps might change the face of overall 3D technology market. Additionally, front cameras in smart phones with 3D sensing power will also offer face recognition based secured unlocks that’ll help overcome the surging potential threat of phone hacks, thereby stimulating 3D technology market.

The digital gaming industry has undergone a revolution with the convergence of 3D technology and the Internet of Things. 3D gaming is expected to go beyond its current niche of PC market with increasing game developers investing heavily on mobile cameras. Pokémon go, Monster strike, and Clash of clans have been international hits owing to the incorporation of 3D technology in mobile 3D Cameras.

The Indian government has taken a vital step to exploit 3D technology market in the heritage sector. The Science and Technology Ministry has claimed to recreate the monuments of the country with the amalgamation of cyber physical system and 3D technology to encourage archeological heritage. This would allow tourists to have a virtual experience of visiting the place without being geographically present there. Initiatives like this are sure to turn around the table for 3D technology industry landscape.

LMI Technologies, a big name in 3D sensor market has introduced the latest version of the Gocator (3210 and 3506) all in high-speed, higher-resolution inline inspection of large parts such as automotive components, and body assemblies.

3D technology industry has already gained a momentum owing to its implementation in a wide spectrum of applications. Initially the development was confined to the entertainment industry, but over the years, it has become a global trend. A sudden drop in the prices of 3D printers will further influence their adoption in educational and government sectors, indirectly fueling 3D technology industry. Although 3D printer manufacturers have recently witnessed a slight slump in the market, investors are anticipating that with the rise in 3D printing adoption rate, these firms will once again earn substantial profits in near future.



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Sunil Hebbalkar

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Sunil Hebbalkar

Sunil Hebbalkar develops content for Algosonline, Market Size Forecasters, and a couple of other platforms. A Post graduate mechanical design engineer by qualification, he worked as an intern at the defense lab for one year in the engine design and development departm...

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