3D Imaging Market - increased usage in smartphones and tablets, as well as surge in demand in industrial automation drive the market
The 3D imaging market is dominated by factors such as technological advances in the electronics arena and increased demand for high-definition and 3D displays. In addition, the integration of medical systems with telescope surgery and picture archiving & communication systems (PACS) has accelerated the adoption of 3D imaging technology in the medical industry.
3D images are also used in the entertainment industry for high-resolution images in consumer electronics such as notebooks, smartphones, desktop PCs, tablets and gaming devices, and for digital video imaging and screening 3D movies. In addition, advanced driver assistance systems, obstacle detection, gesture recognition in HVAC systems, infotainment, navigation and other applications in the industrial automation industry have complemented market growth. The advent of 4D technology is expected to give players an advantageous opportunity in the market in the near future.
Complimentary metal-oxide semiconductor (CMOS) image sensor have a wide range of applications in consumer electronics, owing to its low power consumption, low power discrimination, and compact size. 3D scanners have widespread applications in various industries such as defense, manufacturing, entertainment, automotive, architecture, construction, and others, followed by layout and imaging.
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The 3D imaging market is driven by high demand for sophisticated healthcare technologies, such as ultrasound, magnetic resonance imaging and computed tomography and introduction of new innovative technologies in 3D imaging. In addition, the use of multi-detector CT scanners for 3D reformatting and multiplanar reconstruction apart from offering improved resolution and speed fuel the demand for 3D imaging in the healthcare sector. Furthermore, the high demand for 3D movies, 3D televisions, and videogames have escalated the need for 3D imaging to create image depth and binocular stereoscopy in movies and videogames.
The prominent players profiled in the market include
• Google Inc.
• Microsoft Corporation
• Panasonic Corporation
• Lockheed Martin Corporation
• Stemmer Imaging Ltd.
• Infineon Technologies
• Konica Minolta Inc.
• Hewlett-Packard Corporation
• GE Healthcare
• Zebra Imaging Inc.
Although technological advancements provide effective solutions and reduce the cost of 3D imaging software, design complexity could hamper the growth of the 3D imaging technology. Moreover, upgrading 2D imaging technology to 3D imaging technology has led to aggrandized data generation, which increases the complexity of operations.
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Key Findings of the 3D Imaging Market
• In 2015, sonography and smartphone segments cumulatively accounted for more than two-fifths share of the total revenue.
• The 3D camera market is anticipated to grow at a CAGR of 24.34% during 2016 - 2022.
• By application, layout & screening and 3D scanning segments cumulatively accounted for more than half of the total revenue share in 2015.
• The Asia-Pacific market in 3D modelling is expected to witness a CAGR of 26.01% during the forecast period.
• The complementary metal-oxide semiconductor (CMOS) market is estimated to grow at a CAGR of 26.52%.
• In 2015, the North American complementary metal oxide semiconductor market dominated the global market in terms of revenue.
• In 2015, Asia-Pacific accounted for approximately one-fourth share of the global market.
• The 3D imaging market in Europe is expected to grow at a CAGR of 24.19% during 2016 - 2022.
The North American 3D imaging market has witnessed rapid growth, owing to early penetration of technological advancements due to its developed economy, R&D activities, and rapid industrialization. However, Asia-Pacific region market is expected to grow at a CAGR of 25.63%, due to the large population base of highly populated countries, such as India and China, who require better and sophisticated healthcare facilities.
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