Global 3D Imaging Market to Grow to $16.6 Billion Industry

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Research and Markets has announced the addition of the "3D Imaging Market by Display Technology (Anaglyphy, Stereoscopy, Auto-stereoscopy), Imaging Solution (3D Modeling, 3D Scanning), Hardware (3D Display, 3D Sensor), Industry Vertical, & Region - Global Forecast to 2020" report to their offering.

The 3D imaging market to grow from USD 4.9 Billion in 2015 to USD 16.6 Billion by 2020, at a Compound Annual Growth Rate (CAGR) of 27.5% during the forecast period.

The adoption of 3D imaging solutions is expansive among the healthcare and medical industry, to offer better patient services as it gives comprehensive visibility for diagnosis. Moreover, North America, in general, and the U.S. and Canada, in particular, are rapidly adopting 3D imaging as there is a substantial need among organizations ranging from the healthcare to the entertainment industries for offering enriched services to its customers.

The 3D imaging market is rapidly gaining traction which is evident with the partnerships of Konica Minolta with STEAMTrax, and Panasonic with Leica Camera AG. Various 3D imaging providers such as Konica Minolta, Google, Inc., Lockheed Martin, Able Software, Panasonic, Agilent Technologies, GE Healthcare, Philips Healthcare, and TomTec Imaging solutions are offering advanced 3D imaging solutions, technologies, and devices pertaining to the needs of both diverse verticals.

Besides this, various technology providers and open source communities are developing innovative techniques such as advanced 3D, integration with 4D and wearable technology, along with developing 3D content, for improved imaging. In addition, the cloud services providers are also offering their cloud-based 3D imaging solution such as CAD solutions to organizations that are having budget limitations for adoption of 3D imaging.

Thus, 3D imaging vendors, technology providers, Open Source Platform communities, 3D imaging device vendors, hardware vendors, and cloud services providers are also adding significant value to the market. Nevertheless, this fragmentation in the market has complicated the vendor consideration in the 3D imaging market, thereby augmenting vendor consolidation trend in the next five years.