3D Imaging Market

3D Imaging Market Size

3D Imaging Market is projected to exhibit a Compound Annual Growth Rate (CAGR) of 21.7% during the forecast span from 2024 to 2034. In 2023, the market size was assessed at USD 31.9 billion and is projected to reach USD 276.2 billion by the completion of 2034.

3D imaging is a process of taking measurements of the dimensions of an object to generate a detailed model. The dimensions of the object are determined by using 3D scanning technologies such as laser scanning and photogrammetry, which collect measurements from various perspectives. Once the scanning and measurements are completed, software assistance is used to merge all the gathered data to produce a 3D model. Thus, to achieve 3D imaging, advanced processors and graphics processing units are needed to manage the large data and handle imaging data processing. Furthermore, 3D imaging technology, such as MRI and CT scans, is used in medical imaging to create three-dimensional images of the internal structures of the body.

Market Highlights

3D imaging market is expected to grow at a robust rate, with projections indicating a 21.7% compound annual growth rate (CAGR) between 2024 and 2034

During the forecast period, the 3D imaging market is expected to see significant growth, with projections reaching USD 276.2 billion. This increase is a result of the high adoption of 3D imaging technology in different sectors. The growing need for 3D imaging in the manufacturing and prototyping industry is significant as this technology makes it easier to create and test prototypes, thus allowing manufacturers to simplify the process of design improvement. Moreover, the growth in industrialization has resulted in a higher demand for information modeling of buildings and site analysis in the construction and architecture industries. As a result, there has been an increasing need for 3D imaging technology in the market.

Source: Fatpos Global

3D Imaging Market Segmentation

Healthcare segment will dominate the industry due to its use in diagnostics

3D Imaging Market is segmented based on different end-users such as Healthcare, Manufacturing and Engineering, Defense and Security, Construction companies, and Entertainment Studios. The Healthcare sector is predicted to be the leading industry in the market, due to the vast usage of 3D imaging for diagnostics and the development of prosthetic limbs. In the Healthcare industry, advanced 3D imaging technology is needed for capturing detailed images of the human body, which helps in accurately diagnosing the health condition of patients. This has created a higher demand for 3D imaging solutions in this industry. Therefore, the increasing demand for better outcomes for patient’s health is a major growth factor for the market, as the popularity of visually attractive experiences is constantly growing.

Hardware segment is anticipated to lead due to its wide range of applications and its impact on software performance

3D imaging market is divided based on components into Hardware and Software. The hardware segment is expected to lead the market due to its substantial influence on software performance and its large usage in diverse industries. Hardware components are important in 3D imaging as they are in charge of capturing data like object dimensions and images. They play an important role in determining the quality and accuracy of 3D imaging, which has led to a high market demand for such hardware. In addition, their broad scope of use in various sectors makes a major impact. For instance, medical imaging uses special hardware such as MRI and CT scanners, while the entertainment industry uses 3D cameras. Thus, the broad usage of hardware segments across various fields boosts the need for 3D imaging equipment.

Source: Fatpos Global

Market Dynamics

Growth Drivers

Developments in Manufacturing and Engineering are Critical to Boost the Adoption of 3D Imaging

Innovations in manufacturing and engineering are important for the expansion of the 3D imaging market. 3D imaging technology accelerates the creation of physical models of objects for manufacturers in the production process through fast prototyping. This feature allows manufacturers to analyze and improve prototypes, thus shortening the time it takes to bring new products to the market. Moreover, 3D imaging is extremely helpful in the field of reverse engineering. Manufacturers can analyze and redesign products to meet changing needs or make improvements by creating digital models of current components or products. This method uses digital models to make the redesign process more efficient, thereby reducing the time and effort required and boosting market growth.

Increasing Demand for Entertainment and Media Will Aid the Market

Adoption of 3D imaging technology has been greatly influenced by the growth of the entertainment and media sectors. The need for authentic visuals, such as realistic textures and character emotions, has driven the growth of the 3D imaging industry. This technology is used to record the movements of actual actors and then transfer them to characters in games or animations, which improves the gaming experience. Additionally, the use of 3D imaging helps in improving the visual experience in films and video games, thus allowing for detailed depictions of characters and environments. Moreover, the advertising and marketing industry has also adopted 3D imaging technology to develop attractive campaigns, such as 3D billboards and interactive online ads to attract potential customers. As a result, market demand for 3D imaging technologies has increased significantly.

Restraints

High Initial Cost Can Limit the Growth of the 3D Imaging Market

Significant challenge to the growth of the 3D imaging market is the expensive price of tools like 3D scanners, cameras, and printers. Moreover, the costly software needed for data processing and analysis presents a barrier for companies with limited budgets. The fast rate of technological innovation requires frequent updates to software and hardware parts, which leads to high expenses. Moreover, advanced 3D imaging devices require trained operators and training, which further leads to higher financial costs. Thus, the need to constantly update and improve these devices means that companies must invest a large amount of money into research and development, which in turn impacts the potential for market growth.

Recent Developments

• In 2024, a French startup, Avatar Medical, pioneered a virtual reality (VR)-based medical imaging platform, enabling surgeons to navigate through MRI and CT scan images in a virtual environment, revolutionizing surgical planning and visualization.
• In 2023, FARO, a prominent player in the industry, announced a strategic partnership with HGXR, a division of HOLOGATE, to leverage their combined expertise in training and simulation applications, marking a significant milestone in the adoption of 3D imaging technology for professional development.
• Hologic, a leading innovator in the field, introduced the groundbreaking 3DQuorum imaging technology in 2020, powered by an advanced AI platform. This cutting-edge solution aimed to enhance the efficiency and accuracy of mammography procedures, contributing to improved breast cancer screening and early detection.
• In 2021, UMass Lowell and its partners developed an advanced 3D imaging technique for disease detection. This innovative approach employed a specialized dye to target and identify specific cells, such as cancer cells, within 3D scans, enabling earlier and more precise diagnoses, and paving the way for more effective treatment strategies.

3D Imaging Market

Key Players:

• Autodesk
• Siemens AG
• Nikon Corporation
• Dassault Systèmes
• Faro Technologies
• Cognex Corporation
• Koninklijke Philips N.V. (Philips)
• Ansys, Inc.
• Artec 3D
• Keyence Corporation
• Materialise NV
• Sony Corporation
• General Electric
• Trimble Inc.
• Google
• Other Prominent Players (Company Overview, Business Strategy, Key Product Offerings, Financial Performance, Key Performance Indicators, Risk Analysis, Recent Development, Regional Presence, SWOT Analysis)

Regional Analysis

3D Imaging Market is segmented based on regional analysis into five key regions: North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. The 3D imaging market is expected to be dominated by North America due to its emphasis on innovation and the existence of major companies that are producing 3D imaging devices. The growth of the North American market is attributed to high disposable incomes and large investments in research and development.

Simultaneously, significant growth is observed in the Asia Pacific region due to the presence of developing economies, combined with increasing disposable incomes and adoption in manufacturing and healthcare industries. Furthermore, nations such as China, Japan, and India are making substantial investments in the growth of 3D imaging, which is responsible for driving the market forward.   

Source: Fatpos Global

Impact of COVID-19 on the 3D Imaging Market

3D imaging market was greatly affected by the COVID-19 pandemic. At first, lockdowns and restrictions were put in place to control the virus, which led to major disruptions in supply chains and logistics. These interruptions caused production delays and presented logistical challenges, thus impacting the availability of 3D imaging hardware components. Furthermore, the need for 3D imaging devices was rising for diagnosing and monitoring patients throughout the pandemic. There was a surge in research and development efforts to analyze the COVID-19 virus and discover a treatment for it. Thus, the pandemic led to innovations in 3D imaging technology and boosted market growth.

3D Imaging Market is further segmented by region into:

• North America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United States and Canada
• Latin America Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – Mexico, Argentina, Brazil, and Rest of Latin America
• Europe Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – United Kingdom, France, Germany, Italy, Spain, Belgium, Hungary, Luxembourg, Netherlands, Poland, NORDIC, Russia, Turkey, and Rest of Europe
• Asia Pacific Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – India, China, South Korea, Japan, Malaysia, Indonesia, New Zealand, Australia, and Rest of APAC
• Middle East and Africa Market Size, Share, Trends, Opportunities, Y-o-Y Growth, CAGR – North Africa, Israel, GCC, South Africa, and Rest of MENA

3D Imaging Market Scope and Segments:

Frequently Asked Questions (FAQ):