3D Imaging Market by End-user, Application and Geography - Forecast and Analysis 2023-2027

3D Imaging Market Forecast 2023-2027

The 3D imaging market size is estimated to grow by USD 37.48 billion at a CAGR of 18.34% between 2022 and 2027. 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. 

What will be the size of the 3D Imaging Market During the Forecast Period?

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Market Segmentation

This 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.

By End-user

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 these solutions across various sectors signifies its transformative influence on operational methodologies. Consequently, the expanding integration of this technology within large enterprises will substantially bolster this segment's growth within the market during the forecast period. 

By Application

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 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 orthopedic and dental restoration procedures, will further stimulate the adoption of these solutions. Additionally, clinics and laboratories are increasingly integrating new tools and techniques for comprehensive full-body scans, bolstering the necessity for these solutions. These advancements are poised to drive the healthcare sector and consequently propel the market's growth during the forecast period.

By Region

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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 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 these systems across the North American landscape.

Moreover, the application of new materials and the incorporation of these solutions into aerospace industry manufacturing processes have significantly bolstered this region's prominence in the global market. Moreover, the widespread utilization of these solutions for the production of diverse aerospace components is poised to propel the regional market's expansion during the forecast period. 

Market Dynamics and Customer Landscape

The 3D imaging market is experiencing significant growth driven by various sectors such as theatre productions, healthcare, media and entertainment industry, automotive and transportation, and architecture and construction. As technology continues to advance, the demand for global supply chains and manufacturing plants to integrate 3D imaging into their operations is on the rise. In the healthcare and life sciences sector, 3D imaging technology has revolutionized clinical imaging and diagnostics. It enables high-definition representation of anatomical structures, aiding in more accurate treatment and diagnosis of chronic diseases. From MRI and CT scans to ultrasound systems and X-ray devices, 3D imaging provides detailed insights for medical professionals, enhancing patient care.

Meanwhile, in the media and entertainment industry, 3D imaging is utilized in the creation of motion pictures, animated films, and video games, offering viewers an immersive experience. The integration of artificial intelligence further enhances the 3D providing capabilities, enabling the production of high-resolution images and optical illusions. The automotive and transportation sector also benefits from 3D imaging technologies, facilitating modern automation and enhancing security and surveillance measures. With the use of motion cameras and 3D image sensors, vehicles can detect obstacles and navigate complex environments more effectively. In terms of market dynamics, collaborations, acquisitions, and mergers are common strategies among large enterprises and small and medium-sized enterprises to expand their 3D imaging capabilities. Additionally, advancements in R&D continue to drive technological developments, leading to the emergence of 4D technologies and smartphones equipped with 3D displays.

Key Market Driver

Increasing product launches is the major factor driving the market growth. The market is witnessing a surge in innovative advancements spanning various industrial sectors. These novel developments are poised to drive the adoption of these solutions among diverse end-users, including industries and others, by integrating new technologies and features. This influx of innovations also intensifies market competition, thereby stimulating innovation and distinctiveness.

For instance, in February 2021, GeoCue Group Inc. introduced the True View 515, the latest addition to its hybrid 3D imaging system (3DIS) series. Designed for applications involving dense vegetation penetration and laser imaging, detection, and ranging (LiDAR) wire extraction, these advancements are anticipated to propel the growth of the market throughout the forecast period. These developments cater to diverse sectors such as architecture and construction, theatre productions, manufacturing plants, and clinical imaging, offering high-definition representation and optical illusion. With applications ranging from consumer electronics like smartphones and tablets to healthcare facilities utilizing X-ray devices, ultrasound systems, and MRI machines, these technology continues to revolutionize industries like automotive, video games, and modern automation.

Major Market Trends

An increase in strategic collaborations and M&A is an emerging trend shaping market growth. The market is witnessing a tendency towards strategic collaborations and mergers and acquisitions. companies are progressively partnering with other firms and research institutions to foster the development of novel 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 market in the anticipated forecast period.

Significant Market Restrain

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 market during the forecast period, as 3D imaging is widely used in additive manufacturing.

Key Market Customer Landscape

The 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 Market Customer Landscape

Who are the Major 3D Imaging Market Companies?

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:

• 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.
• Vatech Co. Ltd.

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.

Segment Overview

The 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. 

• End-user Outlook 
  • Large enterprise
  • SMEs

• Application Outlook 
  • Healthcare
  • Industrial
  • Media and entertainment
  • Defense
  • Others

• Region Outlook 
  • North America
    • The U.S.
    • Canada
  • South America
    • Chile 
    • Brazil
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is experiencing significant growth due to advancements in Technological developments. This technology finds applications in various industries such as Healthcare and life sciences, Media and entertainment, Automotive and Transportation, and Architecture and Construction. 3D imaging technology is used in Clinical imaging, Treatment, and Diagnostics, providing high-definition representation for better diagnosis and treatment planning. The market sees sales of products like Smartphones, Tablets, and Ultrasound systems incorporating 3D technology. However, challenges like High cost and Consumer awareness remain. The market is also witnessing Acquisitions & mergers and a rise in Global supply chains to meet demand.

The market is expanding rapidly, with applications ranging from Theatre productions to Manufacturing plants. This technology enables Motion recognition and offers 3D-providing capabilities, enhancing industries like Media and entertainment, and Manufacturing. In healthcare, it aids in diagnosing Chronic diseases and is integrated into X-ray devices and Ultrasound systems. The market includes both Hardware and Software segments, with advancements like Modern automation and 3D image sensors. Security & Surveillance benefits from high-resolution images and Motion cameras, while Small and Medium-sized Enterprises adopt 3D technology for various purposes, including E-commerce and On-premise applications.

The market's Hardware segment is crucial for various industries, ensuring timely Delivery schedules and providing innovative 3D displays. In the Manufacturing industry, 3D imaging enhances processes, while the Media and entertainment industry benefits from immersive experiences in Motion pictures and Animated films. Services related to 3D imaging, including Optical illusion creation, are in high demand. In healthcare, Hospitals utilize 3D imaging for diagnostics and treatment planning. Even the gaming industry leverages Video games with stunning 3D graphics, highlighting the market's diverse applications.

3D Imaging Market Scope
Report Coverage	Details
Page number	187
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 18.34%
Market growth 2023-2027	USD 37.48 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	16.85
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	North America at 35%
Key countries	US, Canada, China, Germany, and UK
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
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.
Market dynamics	Parent market analysis, Market Forecasting, 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 the forecast period
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.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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