North America 3D 4D Technology Market - Growth, Trends, and Forecasts (2020 - 2025)

The North America 3D 4D Technology Market is Segmented By Application (Electrical & Electronic Components (IC, Transistors, Sensors Etc), 3D Printer, 3D Gaming Console, 3D Imaging, 3D Displays), Industry (Healthcare, Entertainment & Media, Education, Government, Industrial, Consumer Electronics), and Country.

Market Snapshot

Study Period:

2020-2025

Base Year:

2019

CAGR:

11.2 %

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Market Overview

The North America 3D 4D Technology Market is expected to reach a CAGR of 11.2% during the forecast period. North America is expected to hold a prominent share, owing to increasing R&D activities and technological advancements. Some of the prominent vendors of 3D printing vendors are headquartered in the region, which contributes to the growth of the market. 

  • For instance, In September 2019, 3D Systems Corporation announced that it received an additional 510(k) clearance for its D2P (DICOM-to-PRINT) software, allowing clinicians to 3D print diagnostic patient-specific anatomic models. With this clearance, D2P addresses the increasing demand by point of care (POC) institutions for in-house manufacturing using an accurate and reliable 3D segmentation solution that can produce 3D printed models.​
  • Furthermore, according to the US National Health Expenditure Projections 2018-2027, the US National health expenditures witnessed a growth of 4.8% in 2019, an increase from 4.4% growth in 2018, and reached USD 3.8 trillion. The spending is projected to increase from year to year. Moreover, the strong presence of market leaders, such as Autodesk Inc. and PhotoModeler Technologies in North America, provided the region a dominant position in the global market. In the helathcare segment, with the increasing health issues, researchers and players are continuously developing new discoveries in the membrane protein, with inventions through 3D reconstruction, along with new theory in the anatomy part.​
  • According to the US Department of Defence, the outbreak of COVID-19 is expected to affect the cost, schedule, and performance of many DoD contracts, and such impact is beyond the control of the contractor. As the USAF and the US military are investing in 4D printing technology, mainly to bolster infrastructure, while establishing American airpower as leader in the industry, the COVID-19 outbreak is projected to impact the development of 4D printing in the region.​
  • Similarly, the technological advancements in 4D printing are resulting in the development of technologies in the medical sector. For instance, to minimize the procedures involved in surgery, doctors are using 4D printing to place self-transforming components into the patient’s body. Owing to the COVID-19 outbreak, the rate of new hospitalizations declined by 50% in the United States.​

Scope of the report

In North America, 3D 4D technologies are used in various end-user industries such as Healthcare, Government, Media, and Entertainment, etc. to bring out innovation, save time and extra costs, etc. The report covers a detailed analysis of applications such as 3D Printing, 4D Printing, etc. that use 3D 4D technologies in various industries and significant countries in the region.

By Application
Electrical & Electronic Components (IC, Transistors, Sensors Etc)
3D Printer
3D Gaming Console
3D Imaging
3D Displays
Other Applications
By Industry
Healthcare
Entertainment & Media
Education
Government
Industrial
Consumer Electronics
By Country
United States
Canada

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Key Market Trends

Healthcare is Expected to Hold Prominent Market Share

  • With the increasing technology integration in the medical field, along with the growing manufacturing industry, the demand for 3D reconstruction is expected to increase significantly. Furthermore, with new inventions in the field of spatial recognition by the players, and the application usage in media and films, 3D reconstruction inhibits a profitable growth. The market is supported by end-users who are ready to pay premium prices for upgraded services, which support the initial adoption rate.​
  • It is expected that in the United States alone, close to 200,000 amputations are performed each year, with prosthetics priced from USD 5,000-USD 50,000, replacement or alterations can be time-consuming and expensive. AM technology is regularly being used to produce patient-specific components of prosthetics, which match perfectly with the user's anatomy. The ability to produce complex geometries from a range of materials has resulted in AM being adapted at the locations where prosthetics are in contact with a patient.
  • Growing incidences of chronic illnesses leading to organ and tissue transplants and limited number of organ donors are one among the primary factors driving the market growth.  According to the US Food and Drug Administration (US FDA), 3D printers are already being relied on to manufacture medical equipment and surgical devices that can match a patient’s unique body type or anatomical requirements. The specialized surgical equipment enables doctors to treat the individual needs of their patients more effectively and efficiently. ​
  • According to the Organ Procurement and Transplantation Network (OPTN), about 7500 people die while waiting for an organ transplant in the country. Further, over 112,947 people in the country were waiting for an organ transplant, as  of September of 2019. This shortage could be reduced by using 3D bioprinting. ​
  • Moreover, opportunities for expansion of the US medical device come from specific key ongoing policies and activities. For example, the Radiological Society of North America (RSNA) launched the 3D Printing Special Interest Group (SIG). Intending to support radiology-centered, hospital-based, point of care 3D printing to impact more patients, it had set up several committees to work in different areas. The areas include prosthetics, anaplastology, regulatory and compliance, and simulations, among others.​

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United States is Expected to Grow Significantly

  • The US medical devices industry is known for offering high-quality products using advanced technology resulting from significant investment in R&D activities. Apart from being the world's largest producer of medical devices, the United States is the largest consumer of these as well. 
  • According to a SelectUSA.gov publication, the Americas have the largest medical device market in the world. Thus, 3D printed medical devices are expected to witness significant adoption in several areas of the US healthcare sector.​
  • Moreover, the US media and entertainment  (M&E) industry is among the largest in the world. According to the US government, with USD 735 billion value, it represents one-third of the global M&E industry. In May 2019, anthropologist Dr. Niobe Thompson, a documentary filmmaker, used 3D reconstruction to capture the earliest member of the horse family for his documentary titled ‘Equus: Story of the Horse’.​
  • Furthermore, global players, such as Apple Inc., are continuously innovating in technology for the determination of spatial coordinates. In October 2019, the US Patent and Trademark Office granted 59 new patents to Apple. The company’s final granted report of the day covers spatial coordinates of a 3D reconstruction, which played a key role in developing ARKit. Apple's invention relates to the method and system for determining spatial coordinates of a 3D reconstruction of at least a part of a real object at an absolute spatial scale.

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Competitive Landscape

North America is the leading market as it has a large number of new investments in research and development of 3D/4D technology and therefore is moderately fragmented market. The key market participants of this technology are Dolby Laboratories Inc., Sony Corporation, Panasonic Corporation, 3D Systems, and Stratasys Inc.

  • January 2020 - 3D Systems Corporation and CollPlant Biotechnologies announced the signing of a joint development agreement intended to play a significant role in enhancing and accelerating breakthroughs in the biomedical industry. Both the companies plan to jointly develop tissue and scaffold bioprinting processes for third-party collaborators.​
  • November 2019 - The ExOne Company launched the production version of the X1 25PRO metal 3D printer, at Formnext 2019. The concept version of the X1 25PRO was first shown at the RAPID + TCT event in Detroit and has undergone several design revisions based on customer feedback. The new system, positioned as the mid-sized model within ExOne’s, expanded portfolio of metal 3D printers that are also capable of 3D-printing ceramics.​

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Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Value Chain Analysis

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Consumers

      2. 4.3.2 Bargaining Power of Suppliers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. Technology Snapshot

    1. 5.1 Trends in 3D Technology

    2. 5.2 Trends in 4D Technology

    3. 5.3 Applications of 3D/4D Technology

  6. 6. MARKET DYNAMICS

    1. 6.1 Market Drivers

      1. 6.1.1 Increasing applications of 3D printing

      2. 6.1.2 Increased investment in R&D expected to boost market growth

    2. 6.2 Market Restraints

      1. 6.2.1 High Product Associated Costs and availability of 3D printing materials

      2. 6.2.2 Lack of 3D Content

    3. 6.3 Market Opportunities

      1. 6.3.1 Growing advancement in 4D Technology

      2. 6.3.2 Increasing usage of 3D Technology in Healthcare

      3. 6.3.3 Increasing adoption of auto stereoscopic display in 3D advertising

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Application

      1. 7.1.1 Electrical & Electronic Components (IC, Transistors, Sensors Etc)

      2. 7.1.2 3D Printer

      3. 7.1.3 3D Gaming Console

      4. 7.1.4 3D Imaging

      5. 7.1.5 3D Displays

      6. 7.1.6 Other Applications

    2. 7.2 By Industry

      1. 7.2.1 Healthcare

      2. 7.2.2 Entertainment & Media

      3. 7.2.3 Education

      4. 7.2.4 Government

      5. 7.2.5 Industrial

      6. 7.2.6 Consumer Electronics

    3. 7.3 By Country

      1. 7.3.1 United States

      2. 7.3.2 Canada

  8. 8. North America 3D/4D Technology - Vendor Market Share Analysis

  9. 9. COMPETITIVE LANDSCAPE

    1. 9.1 Company Profiles

      1. 9.1.1 3D Systems Corporation

      2. 9.1.2 Dolby Laboratories, Inc.

      3. 9.1.3 LG Electronics Inc.

      4. 9.1.4 Barco N.V.

      5. 9.1.5 Samsung Electronics Co., Ltd.

      6. 9.1.6 Autodesk, Inc.

      7. 9.1.7 Stratasys, Inc.

      8. 9.1.8 Panasonic Corporation

      9. 9.1.9 Sony Corporation

      10. 9.1.10 Dreamworks Animation SKG, Inc.

  10. *List Not Exhaustive
  11. 10. INVESTMENT ANALYSIS

  12. 11. FUTURE OF THE MARKET

** Subject to Availability

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