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3D Imaging Market to Reach US$17.99 bn by 2021

3D Imaging Market to Reach US$17.99 bn by 2021

3D Imaging Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 – 2021” the 3D imaging market was valued at USD 3.51 billion in 2014 and is expected to reach USD 17.99 billion by 2021, growing at a CAGR of 26.8% during forecast period.

The global 3D imaging market is poised for significant growth during the forecast period. Growing demand for 3D medical imaging and increasing usage of 3D imaging in machine vision applications of industrial automation are primarily fuelling the market growth. Furthermore, rising demand for 3D imaging technology in the media and entertainment industry is positively impacting the expansion of the global market. The healthy economic growth of emerging markets such as those in the China, India and Middle East is also fueling the growth of latest technologies, which is in turn, driving the demand for 3D imaging systems. These factors in total are set to bolster the growth of the global market during the forecast period from 2015 to 2021.

Based on end-use products containing 3D imaging technique, market is segmented into 3D cameras, sonography, smartphones and others including 3D televisions and robotics. 3D cameras occupied the largest share of the market in 2014. 3D cameras have been further segmented into time of flight, stereo vision and structured light cameras. Sonography has been bifurcated into sonars and ultrasound. Owing to increasing adoption of smartphones, technological innovations and availability of unique features such as depth sensing and picture clarity, smartphones are projected to witness the fastest growth during the forecast period.

Based on 3D image sensors used for creating 3D images, the market is bifurcated into CMOS sensors and CCD sensors. CMOS sensors dominated the market in 2014 and are expected to emerge as the primary image sensor in the market during the forecast period. The rapid adoption of CMOS image sensors into the CCD applications market is hindering the taking away the market of CCD sensors.

By applications, the overall market is segmented into 3D modeling, 3D scanning, 3D rendering, image reconstruction and layout and animation. 3D scanning was the largest contributor to the market in 2014. Availability of low cost and portable 3D scanners coupled with increasing application of 3D scanning in animation and virtual reality applications are positively impacting the growth of the market. Implementation of 3D scanning in the architecture, engineering and construction (AEC) sector is set to offer promising growth opportunities to the market.

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In terms of end-use industries the market is segmented into: entertainment, healthcare, architecture and engineering, industrial applications, security and surveillance and others. The healthcare segment garnered the maximum revenue in 2014 and is witness steady growth throughout the forecast period. The technological advancements in scanning protocols, 3D volumetric reconstruction software and magnetic resonance hardware have facilitated the expansion of the role of 3D imaging in this field. Furthermore, increasing demand from other end-use industries such as automotive, entertainment, consumer electronics and industrial robotics is also expected to trigger the market growth in the coming years

By geography, the market is classified into four regions, namely North America, Europe, Asia Pacific and Rest of the World. North America occupied the largest share of the market in 2014 and was followed by Europe. In 2014, these two regions jointly held more than 70% of the global market. Rapid technological advancements owing to considerable research and development activities in these regions are the major drivers of the 3D imaging market.

Some of the major players in the market are: Infineon Technologies (Germany), Lockheed Martin Corporation (U.S.), Google Inc.(U.S.), Hewlett-Packard Corporation (U.S.), Microsoft Corporation (U.S.), Panasonic Corporation (Japan), GE Healthcare (U.K.), Konica Minolta, Inc. (Japan), STEMMER IMAGING Ltd. (Germany) and Zebra Imaging Inc. (U.S.) among others.

The report offers a comprehensive study of the 3D imaging market along with providing the market estimates, in terms of the revenue (USD billion) for the forecast period from 2015-2021. Additionally, the global market has been classified on the basis of end-use products, 3D image sensors, application and end-use industry. Cross sectional analysis of the 3D imaging market broadly across four geographical regions has also been included in the report.

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