3D Imaging Market worth $88.4 billion by 2028- Exclusive Report by MarketsandMarkets™

CHICAGO, Jan. 9, 2024 /PRNewswire/ -- The 3D Imaging Market is expected to continue expanding in the future due to growing applications in consumer electronics, robotics, autonomous vehicles, augmented reality, and healthcare. Innovation is predicted to surge across a number of industries because to developments in technology like LiDAR, AI, and 3D sensing.

The global 3D Imaging Market is projected to grow from USD 34.3 billion in 2023 to USD 88.4 billion by 2028, at a CAGR of 20.8% during the forecast period, according to a new report by MarketsandMarkets™. The evolution of 3D imaging has transformed its capabilities, offering viewers an immersive, depth-enriched experience. Advancements such as 3D displays and image sensors have revolutionized it, providing high-resolution visuals. This advancement fuels the widespread adoption of 3D imaging technology across various industries. The 3D Imaging Market, ever-evolving, shows promising growth prospects. Anticipated expansion is driven by rapid adoption in the manufacturing, media, architecture, construction, and retail sectors. These advancements underscore the technology's increasing relevance, paving the way for its integration into diverse verticals and indicating a trajectory of substantial growth in the forthcoming years.

Browse in-depth TOC on "3D Imaging Market"
265 - Tables
65 - Figures
300 - Pages

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Scope of the Report

Automotive sector to hold the largest market size during the forecast period.

3D imaging in the automotive sector revolutionizes safety systems such as LiDAR for ADAS and self-driving cars, enabling detailed environment mapping and object recognition. Beyond safety, it optimizes maintenance and repairs by providing accurate diagnostics. Additionally, it enhances customer experiences through immersive interactions, allowing virtual exploration of vehicles. By elevating safety measures, improving maintenance efficiency, and offering engaging customer interactions, 3D imaging reshapes the automotive landscape toward safer, more efficient, and consumer-centric advancements.

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Services Segment to hold the highest CAGR during the forecast period.

The surging demand for real-time 3D solutions across diverse industries drives the emergence of 3D services tailored for medical imaging, scanning, architectural design, and animation in movies. These services are integral, offering product upgrades, maintenance, training, and consulting, vital in leveraging 3D imaging effectively. It expedite the creation, assessment, and utilization of 3D models, saving time and effort compared to traditional imaging methods. Incorporating managed and professional services further enhances 3D imaging solutions, streamlining processes and maximizing the efficiency of diverse applications within this dynamic technological landscape.

Asia Pacific to exhibit the highest CAGR during the forecast period.

The Asia Pacific region showcases robust and progressive adoption of new technologies, poised to achieve the highest CAGR in the forecasted period. The proliferation of high-end machinery across diverse industries propels the demand for 3D imaging hardware, software, and services. Key countries such as China, India, Japan, and other Asia Pacific countries contribute significantly to advancing 3D displays and image sensors. Verticals such as healthcare, manufacturing, automotive, retail, media, and architecture are embracing cloud adoption vigorously in Asia Pacific. The region's cost efficiency fuels manufacturing, making it a hub for companies, this drives the demand for 3D sensors, pivotal for monitoring and inspecting components in manufacturing processes.

Top Key Companies in 3D Imaging Market:

Major vendors in the global 3D Imaging Market are GE Healthcare (US), Autodesk (US), STMicroelectronics (Switzerland), Panasonic (Japan), Sony Corporation (Japan), Trimble (US), FARO Technologies (US), Philips (Netherlands), Google (US), Adobe (US), HP (US), Dassault Systemes (France), Bentley Systems (US), Lockheed Martin (US), Topcon (Japan), Able Software (US),  Maxon (Germany), ESRI (US), Archilogic (Switzerland), Pix4D (Switzerland), Brainkey (US), Precismo (US), Kaarta (US), LightCode Photonics (Estonia), Vzense Technology (US), Capoom (Istanbul), Atomontage (US), Hivemapper (US), Shapr3D (Hungary), Innersight (UK).

Recent Developments:

• In November 2023, The University of Wisconsin and GE Healthcare announced a strategic 10-year collaboration, extending their 40-year partnership. This new research collaboration expands the existing scope beyond medical imaging to new frontiers in digital technologies and disease-focused solutions.
• In October 2023, Autodesk announced the acquisition of Flexism with an intent to add factory simulation and operational efficiency analysis to its factory design tools.
• In June 2023, Researchers from Nanyang Technological University, Singapore (NTU Singapore), Panasonic Factory Solutions Asia Pacific Pte. Ltd. (Panasonic), and the Singapore Centre for 3D Printing (SC3DP) collaborated to create a novel multi-material printer employing multi-wavelength high-power lasers. This innovation facilitates rapid and straightforward 3D printing of intelligent, flexible devices.
• In June 2023, FARO a global leader in 4D digital reality solutions, announced their strategic partnership with HOLOGATE's enterprise division HGXR, developers of high-end extended reality (XR) solutions for training and simulation.
• In January 2023, STMicroelectronics and eYs3D Microelectronics collaborated to showcase on high-quality 3D stereo-vision camera for machine vision and robotics at CES 2023

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3D Imaging Market Advantages:

Compared to conventional 2D imaging, 3D imaging offers a more accurate and realistic portrayal of objects, sceneries, or settings. In domains like medical imaging, where precise representation of anatomical features is essential for diagnosis and treatment strategizing, this precision is highly valued.

The ability of 3D imaging to convey depth information is one of its main benefits. In fields like robots, augmented reality, and virtual reality (VR), where accurate operations and immersive experiences depend on a comprehension of the spatial relationships between objects, depth perception proves advantageous.

3D medical imaging technology, like MRIs and CT scans, give medical experts precise, three-dimensional pictures of interior organs. This makes surgical procedures, treatment planning, and diagnostics easier.

The entertainment sector, which includes video games and movies, makes extensive use of 3D imaging to produce visually stunning and immersive experiences. By giving visual content more depth and reality, it raises viewer engagement.

3D imaging helps with product design, prototyping, and quality control in industrial applications. It enables engineers and designers to see and work with 3D models, spot possible problems, and improve designs prior to production.

Accurate measurements and inspections in industries like engineering, building, and manufacturing are made possible by 3D imaging technologies. For quality control to ensure that products meet tolerances and requirements, accuracy is essential.

Report Objectives

• To To define, describe, and forecast the 3D Imaging Market by component, technology, vertical, and region
• To provide detailed information about the major factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the market growth
• To analyze the opportunities in the market and provide details of the competitive landscape for stakeholders and market leaders
• To forecast the market size of the segments with respect to five main regions: North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America
• To profile the key players and comprehensively analyze their market rankings and core competencies
• To analyze competitive developments, such as Mergers and Acquisitions (M&A), new product developments, and Research and Development (R&D) activities, in the market

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