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The 3D imaging market size is estimated to grow at a CAGR of 18.34% between 2022 and 2027. The market size is forecast to increase by USD 37.48 billion. The growth of the market depends on several factors, including increasing product launches, increasing use of virtual reality (VR) devices in the healthcare industry and the increasing adoption of mobile remote surveillance in locations with limited infrastructure. 3D imaging is the process of creating the illusion of depth in an /image. Technological advances and the growth of specialized inspection techniques in industrial applications have enabled end-users to collect precise and timeless 3D data from objects for testing purposes by enabling their 3D /images.
This 3D imaging market report extensively covers market segmentation by end-user (large enterprise and smes), application (healthcare, industrial, media and entertainment, defense, and others) and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.
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Increasing product launches is the major factor driving the market growth. The 3D imaging market is experiencing a growing number of fresh advancements across various industrial sectors. These novel developments are poised to encourage the adoption of 3D imaging among end-users, including industries and others, through solutions that incorporate new technologies and features. This surge in new developments also intensifies competition within the market, subsequently fostering innovation and distinctiveness.
For example, in February 2021, GeoCue Group Inc. unveiled the True View 515, a new addition to its hybrid 3D imaging system (3DIS) series. Tailored for applications involving dense vegetation penetration and laser imaging, detection, and ranging (LiDAR) wire extraction. These advancements are expected to propel the growth of the global 3D imaging market during the forecast period.
An increase in strategic collaborations and M&A is an emerging trend shaping market growth. The global 3D imaging market is witnessing a tendency towards strategic collaborations and mergers and acquisitions. Vendors are progressively partnering with other firms and research institutions to foster the development of novel 3D imaging technologies, enrich their product portfolios, and extend their distribution networks. For instance, in January 2022, Alma Medical Pvt Ltd revealed a collaborative agreement with Contextflow GmbH, headquartered in Vienna, aiming to integrate its innovative algorithm designed for identifying and interpreting lung-specific /image patterns in computed tomography (CT) scans into a novel digital health platform.
Moreover, this initiative will empower hundreds of radiologists to seamlessly incorporate this artificial intelligence tool into their clinical workflow, consequently enhancing their productivity. Such strategic collaborations and alliances are poised to energize the expansion of the 3D imaging market in the anticipated forecast period.
The lack of uniform or formal standards in additive manufacturing is a significant challenge hindering market growth. A formal standard signifies a specification endorsed by standard-setting bodies like the International Organization for Standardization (ISO) and the American Society for Testing and Materials (ASTM) International. Initially, additive manufacturing commenced without prescribed rules due to limited industry participants. However, as technology adoption surged, diverse challenges surfaced encompassing copyright concerns, industrial norms, prerequisites, and material utilization. Existing standards applicable to manufacturing, machining, and modelling lack compatibility with additive manufacturing, attributable to various factors.
For instance, a metal component fabricated by selective laser melting (SLM) possesses different properties from a similar component fabricated using electron beam melting (EBM). Thus, the lack of standardization among international organizations has resulted in the slow adoption of additive manufacturing in various industries, which, in turn, will impede the growth of the 3D imaging market during the forecast period, as 3D imaging is widely used in additive manufacturing.
The market share growth of the large enterprise segment will be significant during the forecast period. Large enterprises encompass organizations necessitating substantial resources, workforce, and significant capital infusion. Sectors like automotive manufacturing, iron and steel, and similar domains fall within the purview of large enterprises. In the context of expansive establishments, the utilization of 3D imaging processing proves instrumental in addressing intricate issues across diverse sectors including manufacturing, healthcare, aerospace, and automotive.
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The large enterprise segment was the largest and was valued at USD 10.67 billion in 2017. Utilizing 3D imaging yields optimal outcomes regardless of an object's complexity, delivering precise and high-resolution three-dimensional visuals applicable across medical, industrial, and consumer domains. This technology allows for multi-angle observation of objects of interest, facilitating analysis, measurement, and strategic planning. The pervasive adoption of 3D imaging across various sectors signifies its transformative influence on operational methodologies. Consequently, the expanding integration of 3D imaging within large enterprises will substantially bolster this segment's growth within the global 3D imaging market during the forecast period.
The healthcare segment includes the adoption of 3D imaging solutions for various applications in dentistry, forensics, and prosthetics. The surging demand for advanced technologies in these sectors is propelling the expansion of the worldwide 3D imaging market. Within dentistry, 3D imaging solutions find primary applications in capturing tooth and oral impressions for dental restoration processes. Moreover, cosmetic dentistry utilizes these solutions for crafting dental caps. The increasing customization of prosthetic devices, coupled with the growing prevalence of orthopaedic and dental restoration procedures, will further stimulate the adoption of 3D imaging solutions. Additionally, clinics and laboratories are increasingly integrating new tools and techniques for comprehensive full-body scans, bolstering the necessity for 3D imaging solutions. These advancements are poised to drive the healthcare sector and consequently propel the 3D imaging market's growth during the forecast period.
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North America is estimated to contribute 35% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. In 2022, the dominant share of the global 3D imaging market was held by North America. This region encompasses key markets including the US, Mexico, and Canada, and it is projected to experience substantial growth throughout the forecast period. The upswing is attributed to rising demand for 3D systems in sectors such as aerospace and defense, consumer electronics, and healthcare. The increased investments from both governments and industry players in additive manufacturing initiatives are expediting the advancement and uptake of 3D imaging systems across the North American landscape.
Moreover, the application of new materials and the incorporation of 3D imaging solutions into aerospace industry manufacturing processes have significantly bolstered this region's prominence in the global 3D imaging market. Moreover, the widespread utilization of 3D imaging solutions for the production of diverse aerospace components is poised to propel the regional 3D imaging market's expansion during the forecast period.
The progression of the regional 3D imaging market faced obstacles in 2020 due to the rapid spread of the COVID-19 pandemic. However, in 2021, the 3D imaging market exhibited accelerated growth due to the increased adoption of 3D imaging solutions for healthcare scanning, encompassing MRI, radiography, and computed tomography scans (CT), alongside the reduction in COVID-19 cases. With the ongoing expansion of the healthcare and industrial sectors in the area, the demand for 3D imaging is set to gain further growth. Therefore, the 3D imaging market in the region is expected to grow in North America during the forecast period
The 3D Imaging Market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global 3D Imaging Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Agilent Technologies Inc. - The company offers 3D imaging such as BioTek Gen5 software.
Canfield Scientific Inc. - The company offers 3D imaging such as VECTRA XT.
Canon Inc. - The company offers 3D imaging applications such as Infinix i C arm.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The 3D imaging market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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3D Imaging Market Scope |
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Report Coverage |
Details |
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Page number |
187 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 18.34% |
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Market growth 2023-2027 |
USD 37.48 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
16.85 |
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Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
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Performing market contribution |
North America at 35% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Agilent Technologies Inc., Canfield Scientific Inc., Canon Inc., GE Healthcare Technologies Inc., Guangzhou Frontop Computer Graphics Technology Co. Ltd., Hologic Inc., HP Inc., Infineon Technologies AG, Koninklijke Philips N.V., Medtronic Plc, Microsoft Corp., Olympus Corp., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Siemens Healthineers AG, Sony Group Corp., STEMMER IMAGING AG, STMicroelectronics International N.V., Trimble Inc., and Vatech Co. Ltd. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by End-user
7 Market Segmentation by Application
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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