Global 3D Imaging Market: Introduction
The global 3D imaging market is foreseen in a report by
Transparency Market Research (TMR) to bear a vendor landscape that carries a vastly
intense level of competition between individual players. According to TMR
analysts, the market could be highly consolidated due to the presence of fewer
popular and firmly established companies. Most players are anticipated to adopt
three key business strategies to cement their position in the market, i.e.
expanding product portfolio, facilitating product differentiation, and
participating in mergers and acquisitions.
The competition could level up with the entry of new players
in the global 3D imaging market. Philips Healthcare, Hewlett-Packard
Corporation, and Lockheed Martin Corporation are some of the top players
operating in the market.
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As per TMR, the global 3D imaging market could be valued at
a US$ 73.01 bn by the completion of 2027. On the
basis of end-use industry, the market is predicted to find healthcare securing
a lion’s share in the coming years. With respect to region, North America could
reach to a stronger market value by the end of the forecast period 2019-2027.
Rising Prevalence of Chronic Diseases Stimulates Demand
for 3D Imaging in Healthcare
The world 3D imaging market is foretold to attain massive
growth on the back of widespread use of the technology in the automotive and
healthcare industries. 3D imaging is extensively used in provision of
treatment, diagnosis of diseases, research, surgery, and other individual
domains in the healthcare industry. Demand for efficient technologies such as
3D imaging in healthcare is stoked by increasing incidence of heart disease and
cancer and rising frequency of complex surgeries. Even in the field of
medicine, 3D imaging is considered to be a highly useful technology.
3D imaging also finds application in other industries for
designing a range of technologies including drones, robots, automobiles, and
gadgets. Thus, any growth in these industries could mean a positive sign for
the world 3D imaging market.
High Initial Setup Cost Discourages Small Businesses to
Adopt 3D Imaging Equipment
The international 3D imaging market is expected to showcase
a great potential for expansion in the near term. However, limited funding
available to small businesses and expensive initial cost of setting up 3D
imaging equipment could raise fears of reduced growth in the market. Moreover,
low awareness about the use of the technology and lack of skilled professionals
are envisaged to hamper the demand in the market. Nonetheless, players could
bank on opportunities created with the introduction of innovative and
cost-effective variations of 3D imaging in the global market.
The global 3D imaging market has been segmented as presented
below:
Global 3D Imaging Market by End-use Product
- 3D
Cameras
- Time
of Flight
- Stereo
Vision
- Structured
Light
- Sonography
- Sonars
- Ultrasound
- Smartphones
Global 3D Imaging Market by 3D Image Sensor
- CMOS
- CCD
Global 3D Imaging Market by Application
- 3D Modeling
- 3D
Scanning
- Layout
and Animation
- 3D
Rendering
- Image
Reconstruction
Global 3D Imaging Market by End-use Industry
- Entertainment
- Healthcare
- Architecture
and Engineering
- Industrial
Application
- Security
and Surveillance
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