The North America 3D Technology Market would witness market growth of 15.4% CAGR during the forecast period (2022-2028).
Value chains are shifting to satisfy the expanding and divergent requirements of the quickly increasing markets owing to improving technology and the expertise of the 3D printing sector. The majority of industrial and commercial 3D printing systems presently in use run as independent units that are only loosely integrated into the entire manufacturing environment and process. The capability of 3D printing to change product design and production processes, and eventually the structure of value chains and the market, is still far from being realized by many businesses, who still view it as something of a lab curiosity.
Major corporations like Lockheed Martin, Airbus, and Boeing, which have extensive experience integrating 3D printing guidelines into their design and manufacturing workflow, are currently working to develop integrated manufacturing systems that effortlessly integrate 3D printing into the factory setting and workflow. To anticipated company alterations, the sector would probably come up with beneficial remedies. While conventional logistics and second-tier part suppliers may suffer a decline in business over time, these shifts may create enormous opportunities, especially for contract manufacturing providers.
In the United States, there is a sizable market for 3D cameras. Because of a developed, thriving economy and consumers with generally high disposable income, a sizeable portion of the population in both the nation and the entire region of North America owns a smartphone. Companies have endeavored to outfit smartphones with the newest and finest technologies like fingerprint scanners, better cameras, infrared scanners, and LiDAR scanners because they are mostly utilized for functions other than making phone calls.
The US market dominated the North America 3D Technology Market by Country in 2021; thereby, achieving a market value of $119.0 billion by 2028. The Canada market is experiencing a CAGR of 18% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 16.9% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global 3D Technology Market is Estimated to reach $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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