The high-resolution visualization features of 3D imaging technology have made it an essential part of the production process and quality control applications in various industries including medical, defense, entertainment, security and surveillance, automation, construction, architecture, media and entertainment, and others. Among these, 3D imaging technology is gaining significant traction from industrial automation owing to its usage in robotics and machine vision applications. With the emergence of Industry 4.0 revolution, there is an increase in the adoption of robots by manufacturers for deploying automation processes. To stay ahead of the curve, manufacturers are harnessing the power of 3D imaging to enable robots with the skill of bin picking, object tracking, and product profiling without any human intervention. Moreover, with the augmenting production of complex, compact, and technologically advanced products, the product quality inspection is not feasible with the traditional machine vision technologies. Thus, the machine vision systems are integrated with 3D imaging technology to procure faster and accurate quality control and inspection of products and components irrespective of their complexity and size. Owing to potentially transformative applications for 3D imaging in robotics and automation, the global 3D imaging market is growing at a thriving rate. Moreover, according to the International Federation of Robotics (IFR), more than 3 million industrial robots will be deployed in factories as a consequence of Industry 4.0 revolution, around the world by 2020. Thus, the booming industrial automation market, which can be easily fathomed from the statistics mentioned above by IFR, is expected to create lucrative opportunities for the global 3D imaging market.

The global 3D Imaging Market value attained an impressive mark of $7.5 billion in 2018, and the demand is anticipated to propel at a remarkable CAGR of 22.4%, during the forecast period 2019-2025. 

Additionally, there is an escalating demand in the 3D imaging market on account of the various applications of 3D imaging in the media and entertainment industry. The high demand for 3D movies, 3D televisions, and videogames have raised the need for 3D imaging to create image depth and binocular stereoscopy in movies and videogames. According to the latest entertainment and media statistics published by SelectUSA, a program led by the U.S. Department of Commerce, the U.S. media and entertainment industry was valued at $735 billion in 2017, and it is expected to reach more than $830 billion by 2022. Thus, the flourishing media and entertainment industry is fuelling the growth of the 3D imaging market. 

3D Imaging Market Gaining Maximum Growth from the North America Region—

Geographically, North America held the maximum share in the global 3D imaging market with a demand share of 33.8% in 2018. The increasing adoption of 3D imaging technologies by the healthcare industry in the high economic countries such as the U.S. and Canada is the prime reason behind the boisterous rate of regional growth. Moreover, the healthcare industry in this region is accelerating at high speed, which can be fathomed from the statistics by SelectUSA, according to which the U.S. remains the largest healthcare technology market in the world valued at $156 billion, in 2017 and it is expected to reach $208 billion by 2023. Thus, the booming health care industry has aided the growth of the 3D imaging market in North America. Furthermore, the use of 3D imaging in the gaming sector in the U.S. has also promoted the growth of the market for 3D imaging in North America. As the leading form of entertainment today, video games became an integral part of American culture. Over 166 million adults in the United States play video games, resulting in a total video game sales around $43.4 billion in 2018, according to the Entertainment Software Association. These factors have rendered North America with maximum market share and are expected to secure the dominance of this region throughout the forecast period.

Healthcare Sector to Emerge as Leading Application Segment in the 3D Imaging Market—

Based on application, the 3D imaging market is segmented into gaming, industrial, healthcare, automotive, aerospace and defense, and others. Among this healthcare, the segment is expected to generate maximum revenues to the market. This is mainly attributed to the fact that 3D imaging has numerous applications in the healthcare and medical industry. 3D imaging facilitates diagnoses, treatment, and surgical planning and increases clinical productivity. It helps the physicians to capture images at multiple angles and display tissues at different depths along with enhanced resolutions and more intricate details to provide a better understanding of the patient condition. Other beneficial features of 3D imaging are it decreases exploratory surgery, minimizes operation time, facilitates comprehensive visibility for diagnosis, and reduces the risk of complications.

Moreover, the integration of medical systems with telesurgery and picture archiving and communication system (PACS) have fueled the adoption of 3D imaging technology in the pharmaceutical industry. Thus, the technological advancements, coupled with the rising awareness about the aforementioned benefits of this technology, has stimulated the 3D imaging market growth. Therefore, the thriving healthcare industry is anticipated to propel the growth of the 3D imaging market. Thus, the key application segment is poised to prosper at a notable CAGR of 24.8%, during the forecast period. 

 3D Imaging Market Companies:

The prominent companies in the that are striving to build their brand name in the 3D imaging market are Agilent Technologies, Able Software Corporation, Frontop Digital Technology Co., Google Inc., GE Healthcare Company, Konica Minolta Inc., Apple Inc., and Lockheed Martin Corporation. These key players are adopting business strategies such as mergers, acquisitions, expansions, product launches, partnerships, and joint ventures, to sustain competition and increase their market share.

· Konica Minolta Inc. has partnered with STEAMtrax, a 3D printing solutions provider. This partnership is intended to facilitate 3D printing technology integrated with the engineering curriculum and hands-on science to all the educational institutes in North America.

· Lockheed Martin recently launched drone software, “Hydra Fusion Tools Drone Software” that enables drones to form 3D terrain maps in real-time and provides tactical information and mapping data of inaccessible areas.

Other companies operating in the market include Mazor Robotics Ltd., North Grumman Corporation, Panasonic Corporation, Tomtech Imaging Systems GmbH, Sony Corporation, Visage Imaging Inc., and Zebra Imaging.

 

Talk to one of our sales representative about the full report by providing your details in the link below:

https://www.industryarc.com/support.php?id=15308

 

Related Reports:

a) 3D & 4D Technology Market

https://www.industryarc.com/Research/3D-4D-Technology-Market-Research-505402

b) 3D Camera Market

https://www.industryarc.com/Report/15306/3d-camera-market.html

 

Any other custom requirements can be discussed with our team, drop an e-mail to [email protected] to discuss more about our consulting services.

To request for a quote, provide your details in the below link:

https://www.industryarc.com/reports/request-quote?id=15308

 

Media Contact:

Mr. Venkat Reddy

Sales Manager          

Email: [email protected]

Contact Sales: +1-614-588-8538 (Ext-101)

About IndustryARC: IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food and Beverages, Information Technology, and Life sciences and Healthcare.