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3D imaging market to hit a market value of $9.82 billion by 2018

Press Release   •   Jun 11, 2013 12:39 BST

The 3D imaging market has been forecast to increase at a compound annual growth rate (CAGR) of 26.7% over the next five years, rising from an approximate value of $3.01 billion at the beginning of 2013, to hit a market value of $9.82 billion by 2018.

3D imaging provides visual effects which create a perception of depth and viewers get an enhanced 360-degree viewing experience of the image. The technology is diverse and can be utilised in various fields such as design, entertainment, manufacturing, defence, security construction and medicine.

3D imaging solution has been commercialised in most of the products such as smartphones, TVs, animation, gaming, computers, cameras, camcorders and in medical sciences.

Although the uptake of the technology was slow because of low quality visualisation, the advent of enhanced technologies such as 3D image sensors and 3D displays has provided the boost for adoption of 3D imaging across various verticals.

3D technology is being implemented in various objects as it provides a more realistic view than 2D. Most of the industries and company that are extensively using imaging are shifting toward 3D imaging technology and its solutions to meet the requirements of today's business and customer needs.

There are many potential applications that need real-time imaging and the ability to penetrate into it. 3D imaging is basically driven by the factor that it provides an image with a third dimensional depth.

3D imaging is useful in making dummy parts in the manufacturing industry, auto industry, or any other mechanical related industry. The technology is also widely adopted by the medical industry for surgical applications, diagnosis via MRI, CT scan, X-ray and ultrasound.

With the potential of photorealistic view and diverse-vertical application, the 3D imaging market is growing and a few years down the line, it is expected to be adopted at very high rate by almost every industry.

Key players currently dominating the 3D imaging market include Google, HP, GE Healthcare, Panasonic, Apple, Sony and Agilent.

For more information on the 3D imaging market, see the latest research: 3D Imaging Market

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