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3D Imaging Market Expected To Grow 16.6 Billion USD by 2020

07-03-2017 04:07 PM CET | IT, New Media & Software

Press release from: MarketsandMarkets

The report "3D Imaging Market by Display Technology (Anaglyphy, Stereoscopy, Auto-stereoscopy), Imaging Solution (3D Modeling, 3D Scanning), Hardware (3D Display, 3D Sensor), Industry Vertical, & Region - Global Forecast to 2020", defines and segments the 3D Imaging Market into various sub segments with an in-depth analysis and forecasting of market sizes. The report also defines the driving factors for the market, restraints, and opportunities along with the current adoption trends in this market.

Browse 68 tables and 59 figures spread through 131 Pages and in-depth TOC on "3D Imaging Market- Global Forecast to 2020"

http://www.marketsandmarkets.com/Market-Reports/3d-imaging-market-998.html

Early buyers will receive 10% customization on report.

The 3D imaging market is expected to grow significantly owing to the enhancement and modernization of technology in this sector. 3D imaging technologies have been adopted extensively by organizations across various industry verticals. With the expansion in the demand for 3D imaging technologies, the market for 3D imaging is experiencing a rapid traction across diverse industry verticals such as security and defense, healthcare, and media and entertainment, thereby driving its adoption, globally. Furthermore, with the commercialization of 3D imaging in various products such as gaming, smart phones, animation, cameras and camcorders, televisions, and within various sectors including healthcare vertical, its adoption is heightened.

The 3D imaging market is mainly driven by the fact that the technology delivers an image with a third dimensional depth and offers better experience to viewers. It is extensively adopted across the healthcare and entertainment industry vertical. However, the lack of 3D content and the high cost of available 3D imaging solutions are deterring the market growth. Additionally, the security and defense industry is considerably benefiting from 3D imaging, primarily in simulation, facial identification, and target (object, weapons or explosives) detection. Moreover, the automotive and construction sector are progressively adopting 3D imaging solutions for designing, preview, and rectification of the final versions of the end products.

With the changing technological scenario, enterprises are demanding advanced 3D imaging solutions for market expansion, along with increased profit margin, by offering refined innovative products and services to end users. Moreover, with the introduction of low cost 3D imaging solutions, the growth of the 3D imaging market has been further accelerated. However, the lack of infrastructure to support diverse 3D imaging devices and solutions is acting as a restraint in the growth of this market.

MarketsandMarkets broadly segments the 3D imaging market by region as North America, Europe, Asia-Pacific (APAC), Middle East & Africa (MEA), and Latin America; by technology as anaglyphy, stereoscopy, auto-stereoscopy, holography, and volumetric display; by solution as 3D modeling, 3D scanning, layout and animation, 3D rendering, and image reconstruction; by hardware as 3D display and 3D sensor; by industry vertical as healthcare and medical, defense and security, industrial application, architecture and engineering, media and entertainment, and others.

MarketsandMarkets forecasts the 3D imaging market to grow from USD 4.9 Billion in 2015 to USD 16.6 Billion in 2020, at a Compound Annual Growth Rate (CAGR) of 27.5%. North America is expected to be the largest market in terms of market size, while Europe and Asia-Pacific are expected to experience an increase in market traction during the forecast period.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

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