The 3D imaging market is anticipated to experience demand opportunities on the back of increasing applications of 3D imaging solutions in different industries. These industries include healthcare, security and surveillance, architecture and engineering, industrial applications, entertainment, and healthcare.
Among various end-use industries, the healthcare is estimated to emerge as the prominent end-use industry in the 3D imaging market. This market dominance is due to technological advancements that have taken place in the healthcare industry. Further, different imaging procedures such as X-rays and ultrasounds are accomplished within the healthcare industry with the assistance of 3D imaging technique.
In recent years, 3D imaging solutions are becoming an imperative part of different industrial units and business houses because of the excellent utility provided by these market solutions.
3D imaging solutions are undergoing various R & D activities to design more employable and advanced systems. Furthermore, the 3D imaging market is estimated to experience growth opportunities on the back of several limitations of 2D technology. For example, the constrained visual image presentation to viewers is one major drawback of 2D technology. This drawback is estimated to result into creating lucrative opportunities in the 3D imaging market.
As per the research report by Transparency Market Research, the 3D imaging market is estimated to expand at a CAGR of 26.3% during the forecast period from 2019 to 2027. Thus, the market is projected to reach the valuation of US$ 73.01 Bn by 2027.
Manifold Applications of 3D Imaging Solutions in End-Use Industries are Expected to Create Demand Opportunities in Market
The 3D imaging market solutions are extensively used in different end-use industries. For instance, agricultural R & D activities have led to extensive demand in the market. Further, the entertainment industry is predicted to become one of the major consumers of 3D imaging technologies. This increasing demand in the entertainment industry is on the back of an ongoing trend to produce TV series and movies with 3D effects. The 3D modeling segment is anticipated to contribute a major share in the market revenue.
The construction industry is also emerging as the ardent customer of 3D imaging technologies. Further, various advantages of 3D imaging technologies over 2D imaging technologies are estimated to create demand opportunities in the market globally.
The 3D imaging marketing is bifurcated into sonography, smartphones, and 3D cameras on the basis of end-use products. The increasing popularity of projectors, digital cameras, and smartphones in different industries is estimated to create demand prospects in the market.
Some of the key players operating in the 3D imaging market include Toshiba America Medical Systems, Hitachi Aloka Medical America, Inc., Google Inc., Microsoft Corporation, and Hewlett-Packard Corporation.
North America Anticipated to Hold Prominent Position over Other Regions in 3D Imaging Market
The 3D imaging market is spread across various geographical regions including North America, Asia Pacific, Europe, the Middle East & Africa, and South America. Among these, the North America region is expected to hold a significant position in the market. The increasing adoption of 3D imaging technologies in the healthcare sector for different therapeutic and diagnosis purposes serves as a major factor to boost lucrative opportunities in the North America market. Further, the U.S. and Canada are generating maximum revenue owing to the well-established healthcare infrastructure in these countries. Further, the agriculture sector is also using 3D imaging in the U.S., and it also aids growth impetus in the regional market.
The regional market of Europe is also expanding at a rapid pace owing to the prominence of the architecture and engineering sector in the region. Further, the Asia Pacific region is also experiencing lucrative opportunities in the 3D imaging market on the back of the rapidly growing Indian entertainment industry.
The global 3D imaging market is divided into:
- Global 3D Imaging Market, by End-Use Products
- 3D Cameras(Time of Flight Cameras, Stereo Vision Cameras, Structured Light Cameras)
- Sonography (Sonars, Ultrasound),
- Global 3D Imaging Market, by 3D Image Sensor
- Global 3D Imaging Market, by Application
- 3D Modeling
- 3D Scanning
- Layout and Animation
- 3D Rendering
- Image Reconstruction
- Global 3D Imaging Market, by End-Use Industry
- Architecture and Engineering
- Industrial Application
- Security and Surveillance
- Global 3D Imaging Market, by Region
- North America
- The U. S.
- Rest of North America
- The U.K.
- Rest of Europe
- Asia Pacific (APAC)
- Rest of APAC
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America
- North America
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