Transparency Market Research states that the global 3D imaging market will expand at an excellent 26.8% CAGR between 2015 and 2021. The market, which was pegged at of US$3.51 bn in 2014, will rise to US$17.99 bn by 2021 at this pace.
Albany, NY -- (SBWIRE) -- 08/29/2016 -- Driven by the growing demand for 3D imaging across machine vision applications related to industrial automation, the global 3D imaging market is poised to exhibit a robust CAGR of 26.8% between 2015 and 2021.In its report, titled "3D Imaging Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021", Transparency Market Research pegs the overall value of the global 3D imaging market at US$3.5 bn in 2014. By 2021, the market is expected to reach an estimated valuation of US$17.9 bn.
3D imaging refers to the method of using a 2D surface to render three-dimensional images on it, by creating an optical illusion of depth. This helps enhance the 360-degree viewing experience of any image. The advent of advanced technologies such as 3D displays and 3D image, which deliver high-resolution images, has subsequently fuelled the adoption rate 3D imaging across industries.
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Industrial sectors as diverse as media and entertainment, advertising, architecture and engineering, construction, and healthcare have incorporated a plethora of 3D visualization technologies into their design, development, and production process. The impressively expanding library of 3D modeling tools and 3D content has made design more affordable and has significantly boosted the product-to-market process.
The report segments the global 3D imaging market based on end-use product, 3D image sensor, application, end-use industry, and geography. Based on end-use product, the global 3D imaging market is segmented into sonography, 3D cameras, smartphones, and others. Of these, the 3D cameras segment held the largest share in the market in 2014. Based on the type of 3D image sensor, the market has been bifurcated into CCD sensors and CMOS sensors. Of these, the global 3D imaging market was dominated in 2014 by the CMOS segment, which is also anticipated to maintain its dominance over the report's forecast period.
By application, the 3D imaging market has been segmented into 3D scanning, 3D modeling, 3D rendering, layout and animation, and image construction. Of these, the 3D scanning segment led the market in 2014. Based on end-use industry, the global 3D imaging market was led by the healthcare segment in 2014, which is also expected to continue to contribute significantly towards the growth of the market in the near future.
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Regionally, the global 3D imaging market is segmented into Asia Pacific, Europe, North America, and Rest of the World. Of these, North America held the largest share in the market in 2014, followed by Europe. These two regions collectively accounted for a share of 70% in the global market in 2014. However, Asia Pacific is expected to exhibit the fastest growth in terms of demand for 3D imaging over the forecast period.
A leading number of companies dealing with virtual reality in Asia Pacific are already focusing on making advanced video games. These companies see lucrative potential in 3D imaging technology to offer innovative solutions across diverse facets of daily life, from education to healthcare and military training. Furthermore, the growing awareness among consumers in developing regions provides favorable opportunities for the 3D imaging market to gain profit.
The report provides a comprehensive overview of the prevalent market dynamics and future outlook of the global 3D imaging market. To present an executive-level blueprint, companies such as Lockheed Martin Corporation (U.S.), Infineon Technologies (Germany), Google Inc. (U.S.), Konica Minolta, Inc. (Japan), Hewlett-Packard Corporation (U.S.), GE Healthcare (U.K.), Panasonic Corporation (Japan), Microsoft Corporation (U.S.), STEMMER IMAGING Ltd. (Germany) and Zebra Imaging Inc. (U.S.) are also profiled in the report.
The market has been segmented as follows:
Global 3D Imaging Market, by End-Use Products
Time of Flight
Global 3D Imaging Market, by 3D Image Sensors
Global 3D Imaging Market, by Application
Layout and Animation
Global 3D Imaging Market, by End-Use Industry:
Architecture and Engineering
Security and surveillance
Global 3D Imaging Market, by Geography:
The market is broadly segmented on the basis of geography into:
Rest of the World