Introduction of 3D imaging technology into products like cameras, smartphone, gaming and among others coupled with modernization of technology fuel the growth of 3D imaging market. Moreover, adoption of technology in various industries such as security, media, and defense could also support the growth of the 3D imaging market.
Global 3D Imaging Market Report, published by Variant Market Research, forecast that the global market was valued at $5 billion in 2016 is expected to reach $26 billion by 2024; growing at a CAGR of 23.7% from 2016 to 2024. In geographical segments, Asia Pacific and RoW are expected to grow at a CAGR of 25.1% and 24.1%, respectively, during the forecast period 2016-2024.
Technological advancements in electronics sector and increase in demand for high quality resolution and 3D displays are the major driving factors for the global 3D imaging market. However, the lack of 3D content and the high cost of available 3D imaging solutions are deterring the market growth.Furthermore, gesture recognition in HVAC systems, infotainment, navigation, advanced driver assistance systems, obstacle detection, and other applications in the industrial automation industry has supplemented for the market growth.
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The global 3D imaging market is segmented on the product type, application, end-use industry, and geography. By product type, the market is categorized into 3D cameras (time of flight, stereo vision and structured light), sonography (sonars and ultrasound), smartphone and others.
3D camera and sonography accounted for 44.2% and 23% respectively, in 2016. Moreover, applications are categorized into 3D scanning, 3D modeling, 3D rendering, layout & animation, and image reconstruction.
In applications, 3D scanning holds the highest share with 34% followed by layout and animation with 21.1%, in the year 2016. End-use industry is categorized into entertainment, healthcare, architecture & engineering, industrial applications, security & surveillance and others.
In the year 2016, under end-use industry, healthcare and entertainment dominated the market with 22.4% and 21.7% respectively.
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Geographically, the global 3D imaging market is categorized into North America, Europe, Asia-Pacific and Rest of the world (RoW). Asia Pacific is the fastest growing region in the global 3D imaging market, and is expected to continue this trend due to increasing awareness regarding various disease and improved healthcare infrastructure.
North America accounted the largest share of the market with 36.5% followed by Europe with 32%, in the year 2016.
The key market players include Google Inc., Microsoft Corporation, GE Healthcare Company, Siemens Healthcare, Apple Inc., Sony Corporation, Toshiba America Medical Systems Inc., North Grumman Corporation, Stemmer Imaging Ltd., and Konica Minolta, Inc., among others.
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Scope of 3D Imaging Market
Product Type Segments
- 3D Cameras
- Time Of Flight
- Stereo Vision
- Structured Light
Image Sensors Segments
- 3D Scanning
- Layout & Animation
- 3D Modeling
- 3D Rendering
- Image Reconstruction
End-Use Industry Segments
- Architecture & Engineering
- Industrial Applications
- Security & Surveillance
- North America
- South America
- Middle East
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