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Global 3D Imaging Market Fueled by Escalating Demand from Entertainment and Healthcare Sectors

Article Description

The global 3D imaging market is poised for strong growth in the coming years, with the value rising from US$3.5 bn in 2014 to US$17.9 bn by 2021 at a 26.80% CAGR therein. Making the most of this significant growth in the global 3D imaging market are its leading players: Infineon Technologies, Konica Minolta, Inc., Microsoft Corporation, Zebra Imaging Inc., Panasonic Corporation, Lockheed Martin Corporation, STEMMER IMAGING Ltd., GE Healthcare, Hewlett-Packard Corporation, and Google Inc.

The 3D imaging market has been driven by the rising usage of 3D imaging in several machine-vision applications of industrial automation, the growing demand for 3D imaging in the healthcare and medical industry, and the surging demand for 3D imaging technology in the entertainment field. In contrast, cost and design constraints of 3D imaging systems are likely to hamper the growth of the market in the coming years.

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Rising Applications of 3D Imaging Driving Growth

The global market for 3D imaging can be segmented on the basis of end-use products, end-use industry, application, 3D image sensors, and geography. Here’s a look at how these segments fare in the overall market.

  • By End-use Products: Based on end-use products, the 3D imaging market can be categorized into sonography (ultrasound and sonars), 3D cameras (structured light, stereo vision, and time of flight), smartphones, and others. In 2014, 3D cameras generated the highest revenue, driven primarily by the proliferation of 3D camera applications in smartphones.
  • By End-use Industry: On the basis of end-use industry, the 3D imaging market can be classified into healthcare, industrial application, entertainment, architecture and engineering, security and surveillance, and others. The healthcare segment dominates the overall market and accounted for the largest share in 2014. The increasing usage of 3D imaging in a number of applications such as computed tomography (CT), oncology, dentistry, orthopedics, ultrasound, magnetic resonance imaging (MRI), gynecology, and cardiology is a key factor driving the demand for 3D imaging in the healthcare industry.
  • By 3D Image Sensors: Based on 3D image sensors, the market for 3D imaging can be bifurcated into charge-coupled device (CCD) sensors and complementary metal-oxide semiconductor (CMOS) sensors. In 2014, CMOS sensors held the largest share in the overall 3D imaging market and this segment is projected to retain its lead through 2021 owing to the key benefits associated with CMOS sensors including low power consumption, low manufacturing costs, and low power dissipation.
  • By Application: On the basis of application, the 3D imaging market can be divided into 3D scanning, 3D rendering, 3D modeling, layout and animation, and image reconstruction. 3D scanning held the largest share in the global 3D imaging market in 2014 and was also the largest contributor in terms of revenue. Factors driving this segment include the growing prominence of 3D scanning across many application areas such as mechanical dimension inspection, reverse engineering, urban topography, architecture, and defense and aerospace.

By Geography: Based on geography, the global 3D imaging market can be segmented into Asia Pacific, North America, Europe, and Rest of the World. In 2014, North America and Europe together accounted for a share of over 70% in the global market, with North America leading the 3D imaging market. Asia Pacific is projected to expand at the highest CAGR from 2015 to 2021 fueled particularly by major technological advancements in the field of 3D imaging.