November 22, 2019

3D Imaging Market Will Expand in the Coming Decade as Per Report

The Global 3D Imaging Market is anticipated to grasp $21.34 billion by 2022, recording a CAGR of 24.7% during the forecast period.

This report helps market players, stakeholders, and investors to determine current market scenarios and the steps to take for the future. In addition, the market is driven by increased demand for 3D displays and sensors for high-resolution visualization, increased awareness of 3D imaging, increased use on smartphones and tablets, and a surge in demand for industrial automation.

This research provides the driving force, constraints, and opportunities for the global 3D imaging market. Increased demand for 3D displays and sensors that provide high-resolution visualization, increased use of 3D imaging software in the automation industry, and the implementation of new technologies in consumer electronics will drive market growth. However, market growth is constrained by 3D imaging software design and cost constraints. On the other hand, the advent of 4D technology and the increase in R & D activities create new opportunities in the market.

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The report offers an extensive analysis of key segments of the global 3D imaging market based on product type, image sensor, end use industry, application, and geography. Based on product type, the market is classified into 3D cameras, sonography, smartphones, and others. The sonography and smartphone segments together accounted for nearly two-fifths share of the total revenue in 2017. Based on image sensor, the market is bifurcated into charge-coupled device (CCD) and complementary metal-oxide semiconductor (CMOS). The CMOS segment is expected to grow at a CAGR of 26.52% from 2016 to 2022. The end use industries analyzed in the research include entertainment, architecture & engineering, healthcare, security & surveillance, industrial applications, and others.

The application areas analyzed in the report include 3D modeling, 3D scanning, layout & animation, 3D rendering, and image reconstruction. The Asia-Pacific market in 3D modelling would grow at a CAGR of 26.01% during the forecast period. North America witnessed a rapid growth in 2017, owing to technological advancements, ongoing R&D activities, and rapid industrialization. However, Asia-Pacific is expected to register a CAGR of 25.63% during the forecast period, owing to the large population base in the countries such as India and China that need advanced and sophisticated healthcare facilities.

The report offers an extensive analysis of industry players including Google Inc., Panasonic Corporation, Microsoft Corporation, Stemmer Imaging Ltd., Lockheed Martin Corporation, Konica Minolta, Inc., Infineon Technologies, GE Healthcare, Hewlett-Packard Corporation, and Zebra Imaging Inc. These players have adopted merger & acquisition, expansion, product launch, partnership, and joint venture as their business strategies to sustain competition and increase their market share.

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