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3D Imaging Market Size, Historical Analysis, Development Strategy, Emerging Technologies, Industrial Insights, Latest Innovations, Future Trends and Industry Growth with 28% of CAGR by Forecast 2023(March 13, 2018)
3D Imaging – Brief Insights
3D imaging is not a novel concept, it was derived many years ago. However, it is only in the past few years that the usage of this phenomenon has increased. The medical field is the most benefitted by this technology. But that does not mean that it is the only purpose of this technology. Even entertainment mediums like movies, magazines and books use 3D imaging to enhance their content. Lately, the demand for this technology has gone up drastically. As a result of which, the global 3D Imaging Market is gaining impetus.
3D imaging can be explained as a procedure wherein a particular phenomenon is captured or measure. The phenomenon can be brought about by natural circumstances or it can also be built by humans. 3D imaging systems are devices that can be employed to measure and photograph the range and bearing of a particular area of an object. These instruments normally utilize light that is visible or near to infrared spectrum. The best part about these measurements is that the object and the device do not need to have physical contact. But even without that, the results are to the point and accurate.
This technology is being widely accepted these days and it is one of the major reasons why the market is developing rapidly.
Looking at the current wave of technological developments in every field, one can confidently say that the future looks bright for the 3D imaging market. During the forecast period of 2018-2022, the market is estimated to reach a staggering value of USD 35.67 billion. Whereas in terms of CAGR, the market is projected to tread forward at the rate of 27.67%.
There are numerous factors that cumulatively drive the growth of this market. One of the chief driving forces for this market is the effectiveness of 3D imaging for the medical sector. It helps in diagnosing, treatment and surgical planning. Thus, it enhances the clinic’s overall productivity.
Usage of this technology for industrial automation, hike in the demand for imaging, increased utilization of devices like cameras, televisions and smart phones can be enlisted as some additional growth boosters for the market.
Although, the market may face certain obstacles like higher cost, fluctuating performances, intense power needs and the necessity for frequency arbiter. However, as the industry expands all of these issues can be sorted effectively.
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The prominent players in the 3D Imaging market are – GE Healthcare Inc. (U.S.), Google Inc. (U.S.), Hewlett Packard Company (U.S.), Panasonic Corporation (Japan), Philips Healthcare Informatics Inc. (U.S), Konica Minolta Inc. (Japan), Lockheed Martin Corporation (U.S.), Agilent Technologies (U.S.), Able Software Corporation (U.S.), TomTec Imaging Systems GMBH (Germany) among others.
The worldwide 3D imaging market has been segmented into four equal parts. They include industries, technologies, geographies and imaging solutions.
On the basis of industries, the market has been bifurcated into industrial imaging solutions and defense & security.
When it comes to technologies, the market has been further divided into volumetric display, auto stereoscopic and anaglyph.
Region-wise, the market has its reach across various areas of the world like North America, Europe, Asia Pacific and Rest of the World.
Lastly, on account of imaging solutions the market has been distributed into 3D modelling, anaglyphy 3D sensing, image reconstruction, layout & animation and 3D rendering.
The regional analysis of 3D Imaging market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. The North America is the leader in the 3D Imaging market. Asia-Pacific is estimated to be one of the growing market in 3D Imaging because of densely populated countries like India and China which demands for advance healthcare treatments.
The global 3D imaging market has observed many significant advancements in the recent years. One of the major ones has been the introduction of 3D printers. It has greatly benefitted many medical applications. This is because three dimensional images are utilized in order to form 3D implants.
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