Kenneth Research, in its repository of market research reports, have recently added a report on Global 3D Imaging Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Global 3D Imaging Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for Global 3D Imaging Market products.
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Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018.
3D imaging is a procedure by which a 3D image of any object is made thereby delivering an optical illusion of depth. For 3D images to be rendered, two or more motion cameras are utilized to obtain a three-dimensional object. 3D image sensors, displays and cameras are all utilized in combination with each other to deliver high resolution images. 3D imaging technology is utilized in 3D rendering, 3D scanning, gesture recognition, 3D modeling, and other applications. This technology has a wide array of applications in defense, medical, entertainment, industrial automation, security & surveillance, construction, architecture, industrial automation, media & entertainment, and others. Rising demand for 3D-enabled devices coupled with demand for 3D imaging solutions in the end use vertical are key driving forces of the market growth. Further, 3D imaging technology in healthcare industry has replaced expensive diagnostic procedures, minimized exploratory surgery, reduced operating time, reducing risk of complications and also facilitates less expensive surgical planning . Owing to increasing demand for improved and sophisticated healthcare services for advanced visualization and resolution for precise test diagnosis, 3D imaging in healthcare industry is anticipated to witness lucrative growth opportunity over the forecast period. However, high maintenance costs of 3D imaging hardware impede the growth of the market over the forecast period of 2020-2026.
The regional analysis of global 3D Imaging market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to increasing investments for Research and Development (R&D) process and widespread adoption of the 3D technology in the healthcare, electronic and agriculture sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2026. Factors such as advent of new technological innovations in healthcare, entertainment, industrial automation, and consumer electronics would create lucrative growth prospects for the 3D Imaging market across Asia-Pacific region.
Major market player included in this report are:
Lockheed Martin Corporation
Stemmer Imaging Ltd.
Konica Minolta, Inc.
Zebra Imaging Inc.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Deployment mode:
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Aerospace and Defense
Automotive and Transportation
Healthcare and Life Sciences
Architecture and Construction
Media and Entertainment
Retail and Consumer Goods
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017, 2018
Base year – 2019
Forecast period – 2020 to 2026
Target Audience of the Global 3D Imaging Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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