The demand within the global market for 3D Imaging has been escalating on account of the manifold applications of 3D imaging in several industries. 3D imaging solutions have become an indispensable part of several business houses and industrial units due to the tremendous utility served by these solutions. Furthermore, 3D imaging solutions have been undergoing key research and development to devise more advanced and employable systems. 2D imaging technology has several limitations and gives a constrained visual image to the viewers. Hence, the ability of 3D imaging technology to overcome the pitfalls of 2D imaging has led to increased demand for the former.
The healthcare industry has become an expansive consumer of 3D imaging technology in recent times. Ultrasounds, X-rays, and other imaging task within the healthcare industry are accomplished with the help of 3D imaging. Furthermore, the use of 3D imaging in agricultural research and development has also led to the boisterous growth rate of the global market for 3D imaging. Furthermore, the constructions industry has also emerged as an ardent consumer of 3D imaging technologies in recent times. However, the low levels of awareness of the masses with regards to the uses and advantages of 3D imaging have also created demand within the global market.
The global 3D imaging market is projected to reach a value of US$17.99 bn by the end of 2021, elevating up from a value of US$3.51 bn in 2014. Furthermore, the global 3D imaging market is projected to expand at a starry CAGR of 26.8% over the period between 2015 and 2021.
Healthcare Sector to Emerge as Leading End-Use Industry
3D imaging technologies are used across a wide range of industries such as healthcare, entertainment, industrial applications, architecture and engineering, and security and surveillance. Amongst these, the healthcare industry has emerged as the leading end-use industry on account of advancements that have offset in the healthcare industry. Furthermore, the entertainment industry is also becoming a large consumer of 3D imaging technologies due to the recent trend of producing 3D effects in movies and TV series. Based on application, the global 3D imaging market is projected to reap the highest revenues from the 3D modelling segment over the forthcoming years. Besides this, the CMOS image sensors are prognosticated to be more popular as against the CCD sensors in the years to come. On the basis of end-use product, the use of 3D imaging technology for manufacturing 3D cameras and smart phones has been expansive. It is projected that the popularity of smart phones, digital cameras, and projectors across multiple industries would create commendable demand within the global market for 3D imaging.
North America Reigns over Other Regional Segments
The demand within the market for 3D imaging in North America has exceeded the demand across all other regional pockets. The healthcare industry in the US and Canada has been swift in the adoption of 3D imaging technologies, and this is the primary reason behind the boisterous rate of regional growth. Furthermore, the use of 3D imaging in the agriculture sector in the US has also aided the growth of the market for 3D imaging in North America. Furthermore, the market for 3D imaging in Europe has also been expanding at an astral rate on account of the prominence of the engineering and architecture sector in the region. The market for 3D imaging in Asia Pacific has expanded on account of the ever-expanding entertainment industry in India.
Some of the key players in the global 3D imaging market are Hewlett-Packard Corporation, Microsoft Corporation, Google Inc., Hitachi Aloka Medical America,Inc., and Toshiba America Medical Systems.
Global 3D Imaging Market: Overview
3D imaging has wide-ranging applications in design, entertainment, healthcare, manufacturing, defense, and construction. The increasing investment in research and development by leading companies is expected to give impetus to the global 3D imaging market. Swift change in technology of digital capture, display, and record is boosting the adoption of 3D imaging technology. Besides this, the evolution in technology is expected to impact the market positively. It is also expected to gain from the rising demand witnessed in defense and entertainment sectors.
The report offers a 360-degree overview of the global 3D imaging market. It presents valuable insights into critical parameters related to the market including its dynamics, competitive landscape, technological developments, and geographical landscape. This information is compiled and collected from a numerous press releases, paid databases, white papers, presentations, and journals.
Global 3D Imaging Market: Drivers and Restraints
The increasing use of 3D imaging technologies and solutions is aiding expansion of medical imaging industry. Rising prevalence of chronic disease has boosted the need for medical diagnostics tests and complex surgeries. Furthermore, the increasing application of 3D imaging in gynecology, obstetrics, and dentistry is driving the global 3D imaging market. The healthcare industry is contributing the larger share in the 3D imaging market and expected to be dominant over forecast period.
Wide-ranging applications of 3D imaging in construction and entertainment industry is augmenting growth of the global 3D imaging market. Emerging applications of 3D imaging technology in defense are majorly fuelling growth of the global 3D imaging market owing rising need for defense instruments and machineries to ensure safety.
However, high cost of 3D imaging technology and solutions is crimping growth of the global 3D imaging market. Nonetheless, emergence of 4D technology coupled with cost effectiveness of 3D technology over 4D is creating lucrative growth opportunities for key players in the global 3D imaging market.
Global 3d Imaging Market: Regional Outlook
The 3D imaging market is segregated into North America, Europe, Asia Pacific, and Rest of the World. Of these, North America is dominating the global market owing to early adoption of advanced technologies in the region. Presence of numerous players is another factor that is contributing towards the expansion of the market in the region. Europe is expected to account for the second largest share of revenue owing to presence of larger manufacturer of automotive, high industrial automation, and defense machineries manufacturers in the region. However, Asia Pacific is expected to witness faster growth in the global 3D imaging market owing to rising consumer electronics industry, improving healthcare sector, and defense technologies in the region.
Global 3D Imaging Market: Competitive landscape
The 3D imaging market experiences fragmented competitive landscape owing to presence of numerous players operating in the market. Some of the leading vendors in the 3D imaging market that could be included in the Microsoft Corporation, Google Inc., Hewlett-Packard Corporation, Toshiba America Medical Systems, Lockheed Martin Corporation, Panasonic Corporation, Hitachi Aloka Medical America, Inc. Frontop Digital Technology Co., Samsung Medison America, Inc., Agilent Technologies, Siemens Healthcare, and Apple Inc.
Major regions analyzed under this research report are:
- North America
- Asia Pacific
- Rest of the World
This report gives you access to decisive data such as:
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for the coming years
Key highlights of this report
- Overview of key market forces propelling and restraining market growth
- Up-to-date analyses of market trends and technological improvements
- Pin-point analyses of market competition dynamics to offer you a competitive edge
- An analysis of strategies of major competitors
- An array of graphics and SWOT analysis of major industry segments
- Detailed analyses of industry trends
- A well-defined technological growth map with an impact-analysis
- Offers a clear understanding of the competitive landscape and key product segments