Exploring Key Insights of the 3D Imaging Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the 3d imaging market grown over the years?
In recent times, the 3D imaging market has experienced substantial growth. Predictions indicate that it will expand from $34.14 billion in 2024 to $42.05 billion in 2025, with a compound annual growth rate (CAGR) of 23.2%. Historical growth can be ascribed to factors such as increased utilization in healthcare, amplified demand in manufacturing and industrial applications, visualization in architecture and construction, automotive design and prototyping, and preservation of cultural heritage.
What Is the forecasted market size and growth rate for the 3d imaging market?
In the coming years, the 3D imaging market is set to witness substantial expansion, with projections suggesting it will reach $102.3 billion by 2029, growing at a compound annual growth rate (CAGR) of 24.9%. The surge within the forecast period can be credited to advancements in medical imaging, utilization in geological and environmental sciences, applications in security and surveillance, autonomous vehicles development, smart city construction, and employment in precision agriculture. Noteworthy trends for the forecasted period encompass the escalating demand for 3D content in the realms of entertainment and gaming, rising utilization in automotive design and production, growing usage in geographic information systems (GIS), increasing demand for 3D cameras and sensors, adoption of lidar technology in the fields of mapping and surveying, and the emergence of portable and handheld 3D scanners.
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What are the major factors driving growth in the 3d imaging market?
The 3D imaging market is anticipated to expand due to the rising smartphone use. Smart devices, characterized by their wireless connectivity and ability to interact with apps, the internet, other devices or a local network, are becoming more prevalent. The enhancement of user experiences, growing understanding of smart device technology benefits, and rise in stable internet connections have all contributed to an increase in smart device usage. This innovative imaging technology lets you capture objects in 3D using a smartphone, which can then be used to view the same object from a different location. For example, according to a February 2023 report by Uswitch Limited, a company based in the UK offering online and telephone comparisons and switching services, the number of active mobile connections in 2022 was 71.8 million, marking a 3.8% rise from 2021. By 2025, the UK is expected to have a population of 68.3 million, with smartphones predicted to be owned by 95% of these residents. As such, the increased smartphone usage is fuelling the 3D imaging market’s growth.
What key areas define the segmentation of the global 3d imaging Market?
The 3D imaging market covered in this report is segmented –
1) By Component: Solutions, Hardware, Services
2) By Deployment Mode: Cloud, On – premises
3) By Application: 3D Modeling, 3D Scanning, Layout And Animation, 3D Rendering, Image Reconstruction
4) By Vertical: Aerospace And Defense, Automotive And Transportation, Manufacturing, Healthcare And Life Sciences, Architecture And Construction, Media And Entertainment, Retail And Consumer Goods, Other Verticals
Subsegments:
1) By Solutions: Software (3D Modeling), Cloud-Based Solutions, Application-Specific Solutions
2) By Hardware: 3D Scanners, Cameras, Display Systems (3D Monitors, Projectors), Sensors
3) By Services: Consulting Services, Integration Services, Support And Maintenance, Training And Education
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What are the top market players propelling the growth of the 3d imaging industry?
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.
What are the key trends shaping the future of the 3d imaging market?
Key companies in the 3D imaging market are concentrating on the development of 3D facial imaging systems to boost biometric security, increase the accuracy of medical diagnostics, and provide more precise facial recognition in areas such as healthcare, security, entertainment, and retail. The technology of 3D facial imaging is used to capture a person’s face’s exact shape, contours, and traits by forming a three-dimensional portrayal. It employs artificial intelligence to provide real-time information about various skin conditions such as wrinkles, pores, red areas, brown spots, and overall skin texture. For example, in April 2024, Aura, a division of Hexagon AB, a technology firm from Sweden, introduced the Aura 3D Imaging System. The system captures a highly detailed 3D digital model of a patient’s face and neck from a single image capture, making it a vital tool for analysis and conversation. The Aura 3D Imaging System, designed for simplicity, requires minimal training for clinic staff to operate it.
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What regions are dominating the 3d imaging market growth?
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.
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