3D Imaging Market Size, Share, And Growth Rate Analysis 2023
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s 3D imaging market report forecasts the 3D imaging market size to grow to $65.47 Billion by 2027, with a CAGR (compound annual growth rate) of more than 23%.
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3D Imaging Market Size Forecast
The global 3D imaging market is expected to grow from $22.75 billion in 2022 to $28.12 billion in 2023 at a compound annual growth rate (CAGR) of 23.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The 3D imaging market size is expected to grow to $65.47 billion in 2027 at a CAGR of 23.5%.
North America held the largest 3D imaging market share, and Asia-Pacific was the fastest-growing region in 2022.
Key 3D Imaging Market Driver – Increase In Usage Of Smartphones
For instance, according to the Pew Research Center, a nonpartisan American think tank, the percentage of Americans who own a smartphone climbed from 81% in February 2019 to 85% in February 2021, which was just 35% a decade ago (in 2011). The Indian smartphone market also experienced a 10-fold increase from 14.5 million shipments in 2011 to 150 million in 2020, according to the India Brand Equity Foundation (IBEF). Therefore, increased usage of smartphones is driving the growth of the 3D imaging market.
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Key 3D Imaging Market Trend – Technological Advancement
Major companies operating in the 3D imaging market are advancing in their new technologies and research and developments in the 3D imaging market. For instance, in October 2021, TriHealth, a US-based unified health system, introduced advanced 3D mammography with the additional benefits of AI technology. AI technology works as a computer performing cognitive functions that a human would have done and assists the radiologist in reading and interpreting the images. With the aid of 3D tomosynthesis, up to 250–300 pictures can be obtained during mammography. With this drastic increase in the number of images collected, the challenge and complexity of analyzing results have also risen.
3D Imaging Market Segment
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 (Energy and Utilities, Education, Agricultural irrigation, and BFSI)
3D Imaging Market Major Players and Strategies
Major players in the 3D imaging market are Able Software Corporation, Agilent Technologies, Tomtec Imaging Systems Gmbh, Faro, Philips Healthcare, Panasonic Corporation, Konica Minolta Inc., Trimble, STMicroelectronics, GE Healthcare, Bentley Systems, Seimens Healthcare, Dassault Systemes, Visage Imaging, and Topcon.
In September 2021, SIGNUS, a Germany-based manufacturer of the cervical spine to SIG sacroiliac joints products, partners with eCential Robotics. This partnership enables both companies to improve and add value to their unified and universal solution and provide access to related technology, which allows them to expand globally after consolidating our presence in Germany and Europe. eCential Robotics is a France-based company that develops 2D/3D robotic imaging and surgical navigation system for bone surgery indications.
The 3D Imaging Global Market Report 2023 covers regional data on 3D imaging market size, 3D imaging market trends and drivers, opportunities, strategies, and 3D imaging market competitor analysis. The countries covered in the 3D imaging market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
3D imaging refers to a method for developing or producing the appearance of depth in a picture that involves converting two-dimensional data into a three-dimensional representation to give the impression of depth. It is utilised for a variety of functions in a variety of applications because it is ecologically safe, easily transmitted, and convenient. This is a useful tool for quality control procedures in businesses.
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