3D imaging market is largely driven by the fact that it delivers an image with a third dimensional depth and offers a broad range of applications. This technology is expansively adopted across the media and entertainment vertical. However, the lack of 3D content is hindering the growth of this market. Furthermore, security and defense industry is substantially utilizing its benefits primarily in simulation, facial identification, and target (object, weapons or explosives) detection. Moreover, the automotive and construction sectors are increasingly adopting 3D imaging technology for designing, modeling, previewing, and rectifying the final versions of the end products this in turn is adding to the growth of this market. Furthermore, the necessity of this technology cannot be denied across manufacturing, automotive and other industrial applications as it is helpful in creating dummy parts.

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With the rapid progressions in 3D technology, 3D imaging market continues to keep growing extensively in medical and healthcare industry for surgical applications, diagnosis via MRI, CT scan, X-ray and ultrasound. Moreover, its application has broadened across oral healthcare and oncology. The large latent potential of this technology lies within industrial applications, media and entertainment, consumer electronics, and automotive sectors. With the competencies of being able to provide a photorealistic view and diverse-vertical application, the market is growing steadily. For the next five years, it is expected to be adopted at a very high rate and within almost every industry.

The adoption of 3D imaging market solutions is expansive among the healthcare and medical industry, to offer better patient services as it gives comprehensive visibility for diagnosis. Moreover, North America, in general, and the U.S. and Canada, in particular, are rapidly adopting 3D imaging as there is a substantial need among organizations ranging from the healthcare to the entertainment industries for offering enriched services to its customers.

The 3D imaging market is rapidly gaining traction which is evident with the partnerships of Konica Minolta with STEAMTrax, and Panasonic with Leica Camera AG. Various 3D imaging providers such as Konica Minolta, Google, Inc., Lockheed Martin, Able Software, Panasonic, Agilent Technologies, GE Healthcare, Philips Healthcare, and TomTec Imaging solutions are offering advanced 3D imaging solutions, technologies, and devices pertaining to the needs of both diverse verticals. Besides this, various technology providers and open source communities are developing innovative techniques such as advanced 3D, integration with 4D and wearable technology, along with developing 3D content, for improved imaging. In addition, the cloud services providers are also offering their cloud-based 3D imaging solution such as CAD solutions to organizations that are having budget limitations for adoption of 3D imaging.

Thus, 3D imaging vendors, technology providers, Open Source Platform communities, 3D imaging device vendors, hardware vendors, and cloud services providers are also adding significant value to the market. Nevertheless, this fragmentation in the market has complicated the vendor consideration in the 3D imaging market, thereby augmenting vendor consolidation trend in the next five years.

MarketsandMarkets expects the 3D imaging market to grow from USD 4.9 Billion in 2015 to USD 16.6 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 27.5% during the forecast period.