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3D Imaging Market Research Report 2024-2033: Size, Forecast, and Insights

05-02-2024 06:16 AM CET | Health & Medicine

Press release from: The Business research company

3D Imaging Market

3D Imaging Market

The 3d imaging market size has grown exponentially in recent years. It will grow from $27.47 billion in 2023 to $33.95 billion in 2024 at a compound annual growth rate (CAGR) of 23.6%. The growth in the historic period can be attributed to increased adoption in healthcare, increased demand in manufacturing and industrial applications, architectural and construction visualization, automotive design and prototyping, cultural heritage preservation.

The 3d imaging market size is expected to see exponential growth in the next few years. It will grow to $80.73 billion in 2028 at a compound annual growth rate (CAGR) of 24.2%. The growth in the forecast period can be attributed to medical imaging advancements, use in geological and environmental sciences, security and surveillance applications, development of autonomous vehicles, development of smart cities, precision agriculture applications. Major trends in the forecast period include demand for 3d content in entertainment and gaming, increasing application in automotive design and manufacturing, increased use in geographic information systems (gis), growing demand for 3d cameras and sensors, use of lidar technology in mapping and surveying, development of portable and handheld 3d scanners.

Market Overview -
3D imaging refers to a method for developing or producing the appearance of depth in a picture that involves converting two-dimensional data into a three-dimensional representation to give the impression of depth. It is utilized for a variety of functions in a variety of applications because it is ecologically safe, easily transmitted, and convenient. This is a useful tool for quality control procedures in businesses.

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Increasing Usage Of Smartphone Boosts The 3D Imaging Market
Increased usage of smartphones is expected to propel the growth of the 3D imaging market going forward. A smart device is any gadget with a wireless connection that can connect to an app, the internet, a local network, or another gadget. The improved user experiences, raising awareness of the advantages of smart device technology, and expanding the number of reliable internet connections have led to a growth of smart devices. These new imaging technology enables to capture of objects in 3D through smartphone, which can subsequently be used to view the same object in another location. For instance, in February 2023, according to a report published by Uswitch Limited, a UK-based online and telephone comparison, and switching service, 71.8 million mobile connections were active in 2022, which is an increase of 3.8% from 2021. There will be 68.3 million people living in the UK by 2025, and 95% of them will have smartphones in their hands. Therefore, increased usage of smartphones is driving the growth of the 3D imaging market.

Competitive Landscape -
Major companies operating in the 3d imaging market report are Able Software Corporation, Agilent Technologies Inc., Tomtec Imaging Systems GmbH, FARO Technologies Inc., Koninklijke Philips N.V., Panasonic Corporation, Konica Minolta Inc., Trimble Inc., STMicroelectronics N.V., General electric company., Bentley Systems Incorporated, Siemens AG, Dassault Systèmes SE, Visage Imaging Inc., Topcon Corporation, Autodesk Inc., Adobe Inc., Ametek Inc., Matterport Inc., Artec 3D Inc., 3D Systems Corporation, Zebra Imaging, Synopsys Inc., Leica Geosystems., Planmeca Group, GOM GmbH, EON Reality Inc., Fuel3D Technologies, Basis Software Inc., RealD Inc., Luxexcel Group BV, Euclideon Pty Ltd, Lightform Inc., Strata Inc.

Technological Advancement Drives Growth In The 3D Imaging Market
Technological advancement is a key trend gaining popularity in the 3D imaging market. Major companies operating in the 3D imaging market are advancing in their new technologies and research and developments in the 3D imaging market. For instance, in October 2021, TriHealth, a US-based unified health system, introduced advanced 3D mammography with the additional benefits of AI technology. AI technology works as a computer performing cognitive functions that a human would have done and assists the radiologist in reading and interpreting the images. With the aid of 3D tomosynthesis, up to 250-300 pictures can be obtained during mammography. With this drastic increase in the number of images collected, the challenge and complexity of analyzing results have also risen.

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Key Segments -

The 3d imaging market covered in this report is segmented -
1) By Component: Solutions, Hardware, Services
2) By Deployment Mode: Cloud, On - premises
3) By Application: 3D Modeling, 3D Scanning, Layout and Animation, 3D Rendering, Image Reconstruction
4) By Vertical: Aerospace and Defense, Automotive and Transportation, Manufacturing, Healthcare and Life Sciences, Architecture and Construction, Media and Entertainment, Retail and Consumer Goods, Other Verticals (Energy and Utilities, Education, Agricultural irrigation, and BFSI)

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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