Novel Product Innovations in the outbreak of COVID-19, to promote the development of the 3D imaging MarketDownload Sample Reports Overview
The pandemic of COVID-19 has created a negative impact on the global 3D imaging market. The sustainability of the global market is mainly attributed to the advent of novel technological advancements in entertainment, healthcare, consumer electronics, and industrial automation. In addition, the emergence of 4D technology is projected to offer growth opportunities for the global 3D imaging market. Though the industries across the majority of the economies are completely shut-down, several market players are preferring for effective strategies to curb the impact of COVID-19. For instance, in May 2020, Tesco has introduced a 3D imaging system in Ireland to manage customer number and queuing. The technology was first deployed in Tesco’s 60 largest Superstore and Extra outlets to ensure an accurate steady flow of customers throughout the day. These key factors are projected to create lucrative opportunities in the pandemic situation. In addition, due to the crisis of the coronavirus disease, businesses are more concerned with customer optimism, and loyalty. Therefore, the majority of enterprises can go for the adoption of 3D imaging for finding ways to help clients through this severe situation; and this will significantly impact the global market, after the pandemic situation. Our reports include the following:
- Technological Impact
- Social Impact
- Investment Opportunity Analysis
- Pre- & Post-COVID Market Scenario
- Infrastructure Analysis
- Supply Side & Demand Side Impact
According to the latest publication of Research Dive, the global 3D imaging market is set to register a revenue of $55.77 billion by 2027, during the forecast timeframe. The segmentation of the market has been done on the basis of product type, image sensor, application, end-use industry, and region. The report offers valuable information on drivers, restraints, vital segments, lucrative opportunities, and global leaders of the market.
Factors Affecting the Growth
As per our analyst estimations, the versatility of 3D imaging in a broad range of industries such as entertainment, healthcare, security & surveillance fuelling the growth of the global 3D imaging market. However, the low product penetration in low and middle-income countries is projected to restrain the growth of the global 3D imaging industry, during the projected period.
Smartphones Segment shall have the fastest growth During the analysis Period
Based on the product type, the global market for 3D imaging is categorized into 3D Cameras, Sonography, Smart Phones, and Others. The smartphones segment is expected to rise at noteworthy CAGR, during the analysis period. The growth of the smartphones segment is because it is the rising popularity of capturing 3D objects and image processing via smartphones.
The Complementary Metal-Oxide Semiconductors will be the Most Lucrative
Based on the image sensor, the global market is fragmented into a charge-coupled device(CCD) and Complementary metal-oxide semiconductors. The complementary metal-oxide semiconductors (CMOS) will generate a remarkable revenue in 2027.
The Layout & Animation will have Rapid Market Growth, during the Forecast Period
Depending on the application, the global 3D imaging market is broadly categorized into 3D modeling, 3D scanning, layout and animation, 3D rendering, image reconstruction. The market size for the layout and animation is expected to rise at a remarkable CAGR by 2027. The huge investment in the R&D of this segment may expected to boost the growth of the market, over the forecast period.
Healthcare sector shall have a Major Market Share in the Forecast Period
on the basis of end-use industry, the global market for 3D imaging is broadly categorized into entertainment, healthcare, architecture & engineering, industrial applications, security & surveillance, and Others. The healthcare segment will held significant market share and is projected to register a remarkable revenue, in the forecast period. The increase in the geriatric population is one the major reason for the rise in the adoption of 3D imaging during the forecast period.
Geographical Analysis and Major Market Players
Based on the region, the 3D imaging analytics market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia-Pacific 3D imaging analytics market will register a significant revenue, over the forecast timeframe. The enormously rising government investments in 3D imaging solutions along with the increasing number of startups, mainly in China India, and South Korea, are expected to bolster the growth of the Asia-Pacific 3D imaging market in the global market.
The leading players of the global 3D imaging market are GENERAL ELECTRIC COMPANY, Autodesk Inc., STMicroelectronics, Panasonic, Lockheed Martin, Koninklijke Philips N.V., Trimble Inc., FARO Technologies, Inc., Adobe., and HP.