3D Imaging Market – Growth, Trends, COVID-19 Impact and Forecasts (2023 to 2029)

3D Imaging Market was valued at US$ 21.72 Bn. in 2022. The 3D Imaging Market size is estimated to grow at a CAGR of 27.15 % over the forecast period.
3D Imaging Market Overview:
3D imaging (stereoscopy) provides a 360-degree view of any image by using binocular vision to generate a sense of depth and presenting two offset images to the viewer's right and left eyes separately. High-resolution images are provided by 3D image sensors and 3D display technologies, which are projected to enhance the 3D imaging industry.To know about the Research Methodology:-Request Free Sample Report

The report explores the 3D Imaging market's segments (Product Type, Application, End-User, and Region). Data has been provided by market participants and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). This market report provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2022. The report investigates the 3D Imaging market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the 3D Imaging market's contemporary competitive scenario.
3D Imaging Market Dynamics:
High Demand from Entertainment Sector:

Since the demand for high-end video games and theatrical films has risen significantly over the years, the demand for 3D imaging technology in the media and entertainment industry has been gaining traction, consequently acting as one of the major drivers of market growth over the forecast period.3D imaging equipment is also in high demand in the entertainment industry across the globe.

The entertainment industry generates a strong demand for this equipment, with various 3D movies being released and filmed around the world. The quality of 3D movies has greatly improved as a result of technological improvements. 3D entertainment has switched to 3D animation content, which is likewise seeing a surge in popularity due to its high entertainment value. These can be accessed on the web or through an app. Borgata, for example, provides a casino-like experience to its customers via an app with 3D animation material.

Huge Investment needed, 3D imaging System & Software Often Consume More Power:

Customers are reluctant to invest in 3D imaging software because 3D imaging devices and software are frequently criticized as being prohibitively expensive. The manufacture of 3D television sets has decreased worldwide, indicating a decline in the demand for 3D imaging. Because people are price-sensitive, the use of technology has resulted in an increase in the price of televisions, which does not provide a good return on Investment. 3D imaging systems and software require a lot of electricity, which increases the overall cost of using them. These are the main barriers to market growth.

The key market limitations influencing the 3D imaging industry are the high investment costs needed and the absence of sufficient infrastructure;

During the forecast period, the 3D imaging market is likely to be hindered by high investment costs and low product penetration in developing countries. Also, the 3D imaging market's expansion is expected to be hampered by the technology's expensive maintenance and repair costs.

The emergence of 4-dimensional technology is expected to open up enormous opportunities for the global market to expand significantly:

Because of the advancement of 4-dimensional technologies, the worldwide 3-dimensional imaging industry is on the point of experiencing exponential growth. 4D adds a physical element to the viewer's total experience, and it is widely used in the entertainment industry. 4D imaging will also see significant advancements in scanners and sensors. As a result, during the forecast period, the introduction of 4-Dimensional technology will generate a valuable potential for 3D imaging.

3D Imaging Market Trends:

The 3D healthcare sector is expected to see high adoption of 3D imaging and dominate the global market share by 2022, owing to an increase in demand for better and more advanced healthcare facilities for increased resolution and visualization for accurate test diagnosis. Also, the rise in demand for consumer electronics such as smart fitness gadgets, as well as the introduction of 4D technologies, are projected to fuel the expansion of the 3D imaging healthcare market. Similarly, due to advancements in technology and a taste for high-resolution visualized images and movies, the entertainment industry is expected to see widespread use of 3D imaging techniques. Industrial automation, as well as other expanding end-user industries such as architecture and engineering, security, and surveillance, offer great development potential and are profitable investment prospects for industry participants.

In the healthcare industry, 3D medical imaging allows doctors to execute complex surgeries with simple access to crucial and difficult-to-reach organs, as well as scheduled operations ahead of time using data visualization. Also, 3D imaging applications in the media and entertainment industries are on the rise. During the forecast period, these factors are expected to support the worldwide 3D imaging market's growth. Also, its widespread use in planning, designing, modelling, facial identification, and other sectors, as well as supporting technologies such as 3D viewing glasses, 3D cameras, and 3D printing, are likely to boost the worldwide 3D imaging market forward.

The high cost of 3D imaging software and systems, combined with a lack of infrastructure to support a variety of 3D imaging devices, is expected to limit the worldwide 3D imaging market's growth to some extent throughout the forecast period. Demand for virtual reality and the advent of 4D technologies in developing nations, on the other hand, are expected to boost the worldwide 3D imaging market.
3D Imaging Market Segment Analysis:
By product type, the smartphone segment is predicted to grow at the fastest rate through the forecast period. The illusion of depth is created through 3D imagery, which enhances the viewing experience. Smartphones with 3D image technology have become a popular feature among customers across the globe, resulting in a huge increase in demand. Also, technology breakthroughs such as virtual reality (VR), augmented reality (AR), and 3D imaging-enabled mobile cameras have become a must-have among the general population, directly driving demand for 3D imaging. Likewise, several of the key smartphone manufacturers, such as Samsung, Apple, Xiaomi, Oppo, and OnePlus, are offering 3D imaging-enabled smartphones, which may aid the worldwide 3D imaging market's expansion throughout the forecast period.

By End-users: Healthcare, entertainment, industrial applications, architecture and engineering, and security and surveillance are just a few of the businesses that use 3D imaging technology. Because of improvements in the healthcare business, the healthcare industry has emerged as the dominant end-use industry among these. Also, due to the recent trend of developing 3D effects in movies and TV shows, the entertainment industry is becoming a big consumer of 3D imaging technologies. During the forecasted period, the Healthcare and Life Sciences segment is expected to increase at the fastest CAGR of the entire segmentation. In addition, due to the recent trend of 3D effects, the Media and Entertainment business is becoming a big consumer of 3D imaging technology.

By Application, during the projected period, the layout and animation segment will be the most profitable in the 3D imaging market. The animation section has grown in popularity in a variety of industries, particularly in the entertainment industry. Disney and Pixar, for example. These major studios produce a variety of animation films, children's television series, media channels, mobile applications, and more. The layout and animation components aid in the creation of movement in a static item and the illusion of depth, enhancing the viewers' experience and making it more realistic. Also, with the development of Virtual and Augmented reality, layout and animation are being widely used in the game industry to provide superior images to its consumers. As a result of these reasons, the 3D imaging industry is expected to grow.
Regional Insights:
The North American area is expected to have a considerable proportion of the 3D imaging market, with early technological adoption being the key cause. However, the presence of well-established sectors, as well as prominent market participants in the region, are some of the other variables supporting the North American region's considerable share over the next five years. North America accounted for the highest proportion of the regional 3D imaging market. The widespread implementation of 3D technology and increased R&D spending in the region are two key drivers enabling market expansion in the region. The growing number of 3D imaging market players in various areas is also expected to fuel growth.

During the forecast period, the Asia Pacific region is predicted to develop at a substantial rate in the 3D imaging market. Healthcare, automation, and entertainment have all seen significant growth in the Asia Pacific region. Infrastructure has improved dramatically as a result of these advancements and increased investments, resulting in increased demand for 3D imaging. Because of the adaptability of 3D imaging technology, three sectors from Asia-Pacific are substantially investing in the 3D imaging market: consumer electronics, healthcare, and entertainment. Also, as these countries have become more technologically advanced, Japan, India, and China account for the majority of FDI in the Asia Pacific. Likewise, cloud-based 3D imaging software's accessibility and user-friendliness do not necessitate large investments.

The objective of the report is to present a comprehensive analysis of the 3D Imaging Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear, futuristic view of the industry to the decision-makers.

The reports also help in understanding the 3D Imaging Market dynamic and structure by analyzing the market segments and projecting the 3D Imaging Market size. Clear representation of competitive analysis of key players by Design, price, financial position, product portfolio, growth strategies, and regional presence in the 3D Imaging Market make the report investor’s guide.
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Global 3D Imaging Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 21.72 Bn.


Forecast Period 2023 to 2029 CAGR:
27.15%
Market Size in 2029:
US $ 116.72 Bn.


 Segments Covered:
by Product type
3D Cameras
3D Supported smartphones
Sonography


by End Users
Healthcare
Entertainment
Industrial Applications
Architecture & Engineering
Security & Surveillance
Automotive
Others


by Application
3D Scanning
3D rendering
3D modeling
Image reconstruction
Layout & animation



3D Imaging Market by Region:
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
North America (United States, Canada and Mexico)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players:
1. Apple Inc.
2. Google Inc.
3. Microsoft Corporation
4. Sony Corporation
5. Konica Minolta Inc.
6. Siemens Healthcare
7. Stemmer Imaging Ltd.
8. Autodesk
9. Panasonic
10. Phillips
11. Adobe
12. HP
13. Able Software
14. Maxon
15. Esri
16. Pixologic
17. Pix4D
18. Topcon
19. Lockheed Martin
20. STMicroelectronics
21. North Grumman Corporation
22. GE Healthcare Company
23. Tom Tec Imaging Systems GmbH
24. Toshiba America Medical Systems Inc.

Frequently Asked Questions:

1) Which are the leading companies in the 3D Imaging Market?
Ans. Adobe, Sony Corporation, Apple Inc., HP are the leading companies in the 3D Imaging Market.

2) Which region possesses greater investment opportunities in the coming future?
Ans. The Asia Pacific region possesses great investment opportunities for investors to witness the most promising growth in the future.

3) What are the strategies opted by the leading players in the market?
Ans. Technological advancements, product development along with joint venture are the key strategies opted by the leading players in the market.

4) Which companies are investing more in R&D practices?
Ans. Adobe & Google are investing more in R&D practices.

5) What is the main driver of 3D Imaging Market?
Ans. Increasing need for medical imaging has led to the adoption of 3D technology and the increasing prevalence of chronic disorders also the incorporation of 4D technology rapidly are the main drivers of the 3D Imaging Market.