Press release
Rising Usage in Machine Vision Applications to Open New Growth Opportunities for 3D Imaging Technologies
The growing uptake of 3D technology in various spheres, especially in the field of imaging, has given the global 3D imaging market a tangible boost. Today, 3D imaging is used for purposes such as 3D modeling, 3D rendering, 3D scanning, and gesture recognition among others. The widening scope of 3D imaging in areas such as construction, medical devices, healthcare, defense, manufacturing, construction, and entertainment have opened up several new avenues for the market to generate higher revenue. Transparency Market Research states that the global 3D imaging market is likely to be worth US$17.99 bn by 2021 from US$3.51 bn in 2014. During the forecast years of 2015 and 2021 the global market is estimated to surge at a CAGR of 26.8%.
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The research report by Transparency Market Research provides a thorough understanding of the various market dynamics governing the global 3D imaging market. It evaluates the drivers, restraints, opportunities, and threats impacting the various segments of the global market. With primary and secondary research methodologies the publication aims to offer an exact and an accurate assessment of the trajectory of the global market. Complete with an executive summary and a competitive landscape, the research report aims to be a guiding hand to market enthusiasts and investors in the near future.
3D imaging technologies have played a crucial role in the redefining the success of the imaging industry. Thus, 3D cameras, sonography, smartphones, and sensors are extensively being used in the healthcare and automotive industry. The ease of modeling, scanning, rendering, layout and animation, and reconstruction with the help of 3D technologies has truly augmented the global 3D imaging market in the past few years.
On the basis of end use, the global 3D imaging market is segmented into healthcare, entertainment, industrial application, architecture and engineering, security and surveillance, and others. Of these, the healthcare segment is the leading the pack due to high adoption of 3D imaging in medical imaging industry. During the forecast period of 2015 to 2021, the healthcare segment is projected to reach a valuation of US$4.25 bn in the global 3D imaging market. Areas such as ultrasound, computed tomography, and magnetic resonance imaging are expected to show high adoption of 3D imaging technologies in the coming years. These will be predominantly used in areas of cardiology, oncology, orthopedics, dentistry, and obstetrics among others.
On the basis of geography, the global 3D imaging market is segmented into Asia Pacific, North America, Europe, and Rest of the World. Of these, North America has enjoyed the advantage of innovative technologies, availability of products, and devices. Europe has also been a key regional market. As of 2014, North America held a share of 38.72% in the global market, while the Europe 3D imaging market stood at 33.03% in the same year.
Analysts anticipate that Asia Pacific will be instrumental to the changing dynamics of the global 3D imaging market in the near future as it is poised to progress at a CAGR of 27.8% during the forecast period. The acceptance of electronics and emergence of medical tourism industry in the emerging economies of Asia Pacific is expected to boost the region’s position in the global market.
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Some of the leading players operating in the global imaging market are Microsoft Corporation, Google Inc., Hewlett-Packard Corporation, GE Healthcare, Lockheed Martin Corporation, Panasonic Corporation, and Philips Healthcare.
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Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.
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