Press release
3D Imaging Market Poised for 25 % Growth, Set to Hit $102.3 Billion by 2029
3D Imaging Market Size
The surge in smartphone use is predicted to fuel the expansion of the 3D imaging market in the future. The term "smart device" refers to any gadget that can establish wireless connections with apps, the internet, a local network, or another piece of tech. Progress in user experience, heightened understanding of the perks of smart device tech, and an increase in dependable internet connections have all led to a rise in smart devices. This innovative imaging technology allows objects to be captured in 3D with a smartphone and displayed elsewhere. For example, a report issued by Uswitch Limited, a UK-based online and telephone comparison and switching service, pointed out that 71.8 million mobile connections were logged in 2022, a 3.8% jump from the previous year. By 2025, the UK population will reach 68.3 million, with 95% of them owning smartphones. Consequently, the escalating usage of smartphones is propelling the 3D imaging market's growth.
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What is the future CAGR of the 3d imaging market, and how will it impact industry expansion?
Over the past few years, the 3D imaging market has seen substantial expansion. It's anticipated to increase from a valuation of $34.14 billion in 2024 to $42.05 billion in 2025, indicating a compound annual growth rate (CAGR) of 23.2%. Factors contributing to the growth during the historic period include a surge in adoption within the healthcare sector, an upswing in demand in manufacturing and industrial applications, visualization in architecture and construction, design and prototyping in the automotive industry, and preservation of cultural heritage.
The 3D imaging market is projected to witness significant growth, reaching a valuation of $102.3 billion in 2029, with a CAGR of 24.9%. The expansion during the estimated period is linked to advancements in medical imaging, employment in geological and environmental sciences, increased utilization in security and surveillance applications, development work in autonomous vehicles, smart city construction and applications in precision agriculture. Key trends for the predicted period have been identified as a higher demand for 3D content in entertainment and gaming industries, growing application in car design and production, an increased application in geographic information systems (GIS), a surge in demand for 3D cameras and sensors, usage of Lidar technology for mapping and surveying, and the introduction of portable handheld 3D scanners.
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What are the most significant trends transforming the 3d imaging market today?
Leading organizations that are part of the 3D imaging market are putting their resources into the advancement of 3D facial imaging systems. These systems are aimed at boosting biometric security, enriching medical diagnostics, and providing precise facial recognition in sectors such as healthcare, security, entertainment, and retail. A 3D facial imaging system is a cutting-edge technology that craves a three-dimensional illustration of an individual's face, capturing fine details, features, and contours. The system employs artificial intelligence to offer real-time insights into various skin conditions including wrinkles, pores, red spots, brown spots, and overall skin texture. For instance, Aura, a division of the Swedish technology firm Hexagon AB, launched the Aura 3D Imaging System in April 2024. This system captures a highly detailed 3D digital model of a patient's face and neck in a single image scan, offering a thorough visual representation for diagnostic discussions. The Aura 3D Imaging System has been created for user-friendliness, enabling clinic staff to operate the system with minimal training.
Which key market segments comprise the 3d imaging market and drive its revenue growth?
The 3D imaging market size has grown exponentially in recent years. It will grow from $34.14 billion in 2024 to $42.05 billion in 2025 at a compound annual growth rate (CAGR) of 23.2%. 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.
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What regions are at the forefront of 3d imaging market expansion?
North America was the largest region in the 3D imaging market in 2024. Asia-Pacific is expected to be the fastest-growing region in the 3D imaging market report forecast period. The regions covered in the 3D imaging market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the 3d imaging market?
Major companies operating in the 3D imaging market 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.
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What Is Covered In The 3D Imaging Global Market Report?
• Market Size Forecast: Examine the 3d imaging market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 3d imaging market for a structured understanding.
• Key Players Overview: Analyze major players in the 3d imaging market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 3d imaging market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 3d imaging market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 3d imaging market.
• Industry Challenges: Identify potential risks and obstacles affecting the 3d imaging market.
• Competitive Landscape: Review strategic developments in the 3d imaging market, including expansions, agreements, and new product launches.
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