The Asia Pacific 3D Technology Market would witness market growth of 16.9% CAGR during the forecast period (2022-2028).
During the projected period, the market is expected to rise due to the rising demand for 3D sensors in consumer devices and the expanding acceptance of 3D sensors in the automotive sector. Time of flight (ToF) sensors that captured player motions and gestures to develop a unique interactive gaming experience were among the first practical applications of 3D sensing for customers in the home gaming demand.
The introduction of 3D sensing is most apparent in modern smartphone technology, though. By facial recognition, consumer 3D scanning improves security, whereas world-facing 3D sensing opens up new possibilities for better performance thorough photography and augmented reality. Production volumes for illumination sources, tailored diffusers and LAS filters, are anticipated to skyrocket as interest in 3D camera technology increases.
Additionally, the market of consumer electronics is changing due to applications for 3D sensing & biometric scanning. The motion sensing, AR/VR, and security advancements made on mobile devices are being expanded on by tablets and laptops. For example, Microsoft Kinect's revolutionary gesture recognition technology has grown to include facial expression identification, multi-player 3D position sensing, and handsfree heart rate monitoring.
With automation in the majority of its manufacturing and production divisions, the Indian aircraft industry has evolved as among the world's fastest expanding industrial enterprises. The market has been increasingly competitive throughout the years as a result of technological improvements, which have also contributed to its expansion. The development of 3D printing has created numerous prospects in this region.
The China market dominated the Asia Pacific 3D Technology Market by Country in 2021; thereby, achieving a market value of $38.1 billion by 2028. The Japan market is estimated to grow at a CAGR of 16.1% during (2022 - 2028). Additionally, The India market is would exhibit a CAGR of 17.6% during (2022 - 2028).
Based on Product, the market is segmented into 3D Display, 3D Printing, 3D Glasses, 3D Camera, 3D Imaging, and Others. Based on Application, the market is segmented into Military & Defense, Media & Entertainment, Automotive, Industrial, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide 3D Technology Market is Projected to reach USD 463.5 Billion by 2028, at a CAGR of 16.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3D Systems Corporation, Autodesk, Inc., Panasonic Corporation, Sony Corporation, FARO Technologies, Inc., Hewlett-Packard enterprise company (HP Development Company L.P.), The ExOne company (Desktop Metal, Inc.), Hexagon AB, Stratasys, Ltd., Vicon Motion System, Ltd.
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