Variant Market Research forecasted that the global 3D imaging market is forecasted to reach $26 billion by 2024 from $5 billion in 2016; growing at a CAGR of 23.7% from 2016 to 2024. There are the several driving factors of the market such as increasing use of 3D imaging technology in various industries such as media, security & defence, high adoption of modern technologies and introduction of 3D imaging technology in various consumer electronics. However, high cost of 3D imaging machines and software may restrain the growth of the market. Furthermore, introduction of 4D technology into various sectors are the major opportunities of the market.
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Key segments of the global 3D imaging market are products type, end-use industry, application, and geography. Smartphone, 3D cameras, sonography, and others are the key sub segments of the product type segment. In 2016, 3D cameras and sonography accounted for the largest market share of 44.2% and 23%. Moreover, end-use industry segment has been segmented into healthcare, industrial applications, architecture & engineering,entertainment, security & surveillance and others.
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North America, Europe, Asia-Pacific and rest of the world are the major geographical sub segment of the global 3D imaging market. In 2016, North America region accounted for the highest market share of 36.4%, followed by Europe with 32%. Additionally, Asia-Pacific is predicted to grow at the highest CAGR during 2016-2024, driven improving healthcare infrastructure and rising awareness about various diseases.
The market players have been adopting several strategies to increase their product portfolio and geographical presence. The key market players in the 3D imaging market are North Grumman Corporation,Microsoft Corporation, Apple Inc., Google Inc., Toshiba America Medical Systems Inc., GE Healthcare Company, Stemmer Imaging Ltd., Sony Corporation, Siemens Healthcare, Konica Minolta, Inc., Lockheed Martin Corporation, Frontop Digital Technology Co.and TomTec Imaging Systems GmbH.
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