DUBLIN--(BUSINESS WIRE)--The "3D Imaging Market by Component (Hardware, Solutions, and Services), Deployment Mode, Organization Size, Vertical (Manufacturing, Media and Entertainment, and Architecture and Construction), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global 3D imaging market size is projected to grow from USD 15.5 billion in 2020 to USD 41.0 Billion by 2025, at a CAGR of 21.5%
The major factors driving the growth of the 3D imaging market are the increasing demand for 3D image sensors from verticals, such as manufacturing, automotive, and media and entertainment. The growing demand for 3D accelerometers in smartphones and gaming consoles is also expected to drive market growth.
Services segment to grow at the highest CAGR during the forecast period
The 3D imaging market, by component, is segmented into hardware, solutions, and services. The services segment is expected to grow at a rapid pace during the forecast period. The services considered in the report are managed and professional services. The growth of this segment can be attributed to the increasing adoption of 3D imaging software and services, which leads to the increasing demand for pre- and post-deployment services.
Manufacturing vertical to grow at the highest CAGR during the forecast period
The 3D imaging market by vertical is segmented into nine categories: aerospace and defence, automotive and transportation, manufacturing, healthcare and life sciences, media and entertainment, retail and eCommerce and others (energy and utilities, education, agricultural irrigation, and Banking, Financial Services, and Insurance [BFSI]). The manufacturing vertical is the most affected by 3D imaging trends and possibilities due to the increasing adopting of Artificial Intelligence (AI) and Internet of Things (IoT) technologies to enhance their supply chain management processes. Manufacturing verticals are facing challenges in analyzing processes for manual and automated inspection of any part, component or final assembly, and for streamlining and maximizing efficiencies across the manufacturing process. The emergence of affordable 3D imaging technology for industrial applications has resulted in its increased use in processing and quality control applications for defect detection, measuring volumes, or measuring elevation dimensions across the manufacturing process.
Asia Pacific to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR during the forecast period. APAC is expected to record the highest growth rate during the forecast period, due to the rapid rise in high-end machines and devices from various verticals is driving the 3D imaging hardware and solutions in the region. APAC constitutes major countries, including China, India, Japan, and the rest of APAC region which are increasingly contributing toward the development of 3D displays and 3D image sensors in the 3D imaging market. Verticals such as healthcare and life sciences, manufacturing, automotive and transportation, retail and eCommerce, media and entertainment, and architecture and construction are leading the race in terms of cloud adoption in the APAC region.
- Rising Demand for 3D-Enabled Devices Across Verticals
- Increasing Urbanization, Push for Productivity, and Environment Concerns In The Architecture and Construction Vertical
- High Maintenance Costs of 3D Imaging Hardware
- Interoperability Issues With 3D Imaging Solutions and Hardware
- Increasing Investments In AI By 3D Medical Imaging Device Manufacturers
- High Demand for 3D Imaging Solutions In The Retail and eCommerce Vertical
- High Power Consumption Requirements for 3D Image Processing
- Impact of Coronavirus Outbreak On The Global Economy
- GE Healthcare
- Dassault Systmes
- Lockheed Martin
- Able Software
- Bentley Systems
For more information about this report visit https://www.researchandmarkets.com/r/7p2mkw