While most of us are still sitting around waiting for Virtual Reality technology to happen, it already seems to be having an impact on the business world. Just about every major tech company in the world is releasing, getting ready to release or developing VR headset devices, and there are already a host of companies looking to adapt the technology to an incredibly wide range of applications. From virtual reality business meetings, virtual reality video games, virtual reality social media and virtual reality pornography, just about everyone is acting like VR and 3D tech is the future, and at this point it is starting to look inevitable.
According to global market research company MarketsandMarkets, advanced 3D and 4D technology, like virtual reality, 3D printing, 3D imaging and CAD software, is going to drive the 3D & 4D Technology Market to reach an expected $314.17 Billion by the year 2022. That would be an incredible compound annual growth rate of nearly 17% from 2016 to 2022. There is a multitude of industries and sectors that would be contributing to this market expansion, including the entertainment & animation industry, CAD-based additive manufacturing, the growing custom parts and products market and military & defense. While the largest market for 3D and 4D technology is currently North America, the Asia-Pacific region (APAC) will see the fastest market growth.
All of this market research is collected in a new MarketsandMarkets report called “3D & 4D Technology Market by Technology (3D Cameras, 3D Scanners, 3D Sensors, Head-Mounted Display, 3D Smartphone, 3D Glasses, 3D Projectors, and 3D Printers, 3D Gaming, 3D Cinema, 3D Navigation, 3D Animation, 3D Motion Capture, 3D Metrology, 3D Gesture Recognition and 4D Printing), and Region – Global Forecast to 2022”.