February 2024
26 Jun 2023
The global 3D imaging market size was evaluated at USD 37 billion in 2022 and is projected to hold around USD 127.4 billion by 2030, growing at a noteworthy CAGR of 16.71% from 2022 to 2030.
A significant factor fueling the expansion of the worldwide 3D imaging market is the usage of 3D imaging by the healthcare, agricultural, and other end-user industries. Due to the sophisticated uses of 3D imaging in a few projects, interest in the global market for 3D imaging has increased. Because of the enormous value provided by these arrangements, 3D imaging systems have been integrated into many modern corporate establishments.
Report Highlights:
By component, the hardware sector led the market in terms of revenue share in 2022 and it is anticipated that it will hold this position throughout the forecast period. This is due to the rising need in the healthcare industry for 3D imaging equipment such as X-ray machines, ultrasound systems, CT, and MRI. On the basis of deployment, the on-premise segment accounted for the greatest revenue and is likely to retain its position in the market over the projection period. This is due to a one-time upfront license payment, a constantly accessible internal network, and strong security since data is held locally. By organization, the greatest revenue share came from the large enterprise category, which is anticipated to rule the market throughout the projection period.
This is a result of huge businesses using 3D imaging hardware and software more frequently to produce better products and provide a better consumer experience. Furthermore, by end-use healthcare, and life sciences segment accounted for the largest revenue share of over 55.0% in 2022 and is expected to continue to dominate the market over the forecast period. This can be attributed to the increasing adoption and growing need for 3D medical imaging technology in the healthcare sector to determine and diagnose the disease in the body.
Regional Snapshots:
In North America, there is a greater need for 3D imaging than there is in any other regional region. The healthcare sector in the US and Canada has embraced 3D imaging technologies quickly, which is the main cause of the high rate of regional expansion. Additionally, the usage of 3D imaging in the US agriculture industry has contributed to the expansion of the 3D imaging market in North America. Due to the prominence of the engineering and architecture industries across the continent, the market for 3D imaging has also been growing at an exponential rate. Due to India's rapidly growing entertainment sector, the 3D imaging market in the Asia Pacific has grown.
3D Imaging Market Report Scope:
| Report Coverage | Details |
| Market Revenue in 2023 | USD 43.18 Billion |
| Projected Forecast Revenue in 2030 | USD 127.4 Billion |
| Growth Rate from 2022 to 2030 | CAGR of 16.71% |
| Largest Market | North America |
| Base Year | 2022 |
| Forecast Period | 2022 To 2030 |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Market Dynamics:
Drivers
Recently, the medical care sector has expanded its use of 3D imaging technology. With the aid of 3D imaging, ultrasounds, X-rays, and other imaging tasks are developed for the medical care sector. Additionally, the use of 3D imaging in horticultural innovation work has also contributed to the rapid growth rate of the global 3D imaging market. Additionally, the development industry has recently emerged as a passionate customer of 3D imaging improvements. However, the general public's low levels of awareness regarding the applications and benefits of 3D photography have also sparked interest in the global market.
Restraints:
To propel the 3D imaging business, this innovation must be developed in products like cell phones, cameras, TVs, and other electronics. Additionally, the use of 3D imaging programming in the robotization industry is anticipated to increase market interest. Nevertheless, the expansion of advertising may be constrained by the high cost of 3D imaging programming and setups.
Opportunities:
The development of 4D technology and the rise in popularity of consumer electronics, such as smart fitness equipment, are predicted to drive the 3D imaging market's expansion. Similar to other industries, the entertainment sector is expected to adopt 3D imaging techniques heavily due to technological advancements and a penchant for high-resolution visualized images and movies. A number of rising end-user industries, including security & surveillance, architecture & engineering, and industrial automation, have strong development potential and offer profitable investment prospects for market participants.
Challenges:
3D glasses are required and seeing 3D images can cause headaches, weariness, and nausea, the widespread popularity of 3D imaging technology has suffered. In addition to these challenges, a general shortage of 3D content has restrained industry growth.
Recent Developments:
Major Key Players:
Market Segmentation:
By Component
By Organization
By Deployment Mode
By Application
By End-Use
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