Global 3D Imaging Market was valued at USD 014.8 billion in 2019 which is expected to reach USD 40.75 billion by 2027 at a CAGR 22.5%.
3D imaging technology is defined as projecting a 3D image on 2D surface with the help of optical illusion of depth in an image. This technology is highly growing in various industries such as entertainment, manufacturing, security, defense, construction, manufacturing, healthcare, pharmaceutical, and design. 3 Dimensional imaging is used in 3D rendering, 3D modeling, 3D scanning, gesture recognition, and others.
Increase in usage of technology in products such as cameras, smartphones, and televisions is the key driving factor which is expected to boost global 3D imaging market growth. Furthermore, rise in demand for 3D displays and sensors for high resolution visualization will have the positive impact on growth of global 3D imaging market during this forecast period. Moreover, growing technological advancements is expected to fuel the global 3D imaging market growth. For instance, in December 2018, Vayyar had launched new groundbreaking 3D mmWave evolution kit. This is based on 3D imaging technology. This 3D mmWave evolution kit includes the highly advanced chip with 40 (40 Tx/Rx).
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However, high maintenance cost and interoperability issues are the challenging factors which are expected to hinder the global 3D imaging market growth.
Impact of COVID 19 on Market
The early half of 2020 witnessed the rapid spread of COVID 19 across the world. The number of COVID 19 patients is rising exponentially and has led the slowdown in market across the globe. Many governments have taken severe initiatives like lockdown self quarantine and social distancing which is expected to declining the production and manufacturing as well as supply chain of products. Due to this lockdown shortage of workers is experienced by industries which are expected to hamper the various sectors like automotive, electrical etc. Also, existing COVID 19 pandemic will inspire the healthcare and pharmaceutical vendors to improve their research and development investments in Artificial Intelligence.
Global 3 D Imaging Market is segmented into product type such as Sonography, 3D Cameras, SmartPhones, and Others, by application such as 3D scanning, 3D Modeling, 3D Rendering, Layout and Animation, and Image Reconstruction. Further, Global 3 D Imaging Market is segmented into end use such as Healthcare, Pharmaceutical, Entertainment, Architecture & Engineering, Industrial Applications, Security and Surveillance, and Others.
Also, Global 3-D Imaging Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.
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Market Key Player
Various key players are discussed in this report such as
By Product Type
By End Use
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