The 3D technology has gained quite a momentum in past few years and is being widely used in entertainment industry. Earlier 3D technology was expensive and difficult to use and was only confined to entertainment and gaming industry but over a period of time 3D technology is being used in wide range of applications. Introduction of 3D TVs and smartphones have become next big trend.
Some of the factors contributing to the growth of 3D and 4D technology market are the growing gaming and entertainment industry. The generation of 3D movies is boosting the revenue of 3D technology market. However lack of 3D content and high price of 3D technology is holding back the growth of this market. For example, the 3D TVs need brand specific accessories. You cannot watch Samsung 3D TV with Sony 3D glasses and vice versa. Increase in ease and usability of 3D technology is expected to boost the market revenue. Moreover, decreasing cost of 3D printers is increasing the adoption of printers in educational institutions and government sectors thereby driving the 3D technology market.
By application, consumer application held the largest share of 3D/4D technology market followed by industrial applications. By product type, display products held the largest share of 3D technology market. However, 3D printers are expected to grow at fastest rate. North America holds the majority of share of 3D technology market followed by Europe and Asia Pacific. Africa and Middle East are the largest contributors of 3D technology market. Most of the major players of 3D technology market have launched 3D TV sets where viewer can view 3D content with help of 3D glasses.
Some of the key players in 3D/4D technology market are Autodesk Inc., Barco NV, Dreamworks Animation SKG Inc., HTC Corporation, Dolby Laboratories Inc., NVIDIA Corporation, Nintendo Co. Ltd., LG Electronics, Samsung Electronics Co. Ltd.,, Toshiba Corporation, Sharp Corporation and Sony Corporation among others.
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