Invention of 3D technology has benefitted numerous industries in different ways. 3D technology is highly beneficial for the research services and other supporting medical industries working on development and designs of imaging studies. This process provides detailed visual effects of a particular object, making it highly perceptive for advanced studies. 3D imaging technology is diverse and advanced, with greater possibilities of technological advancements. This very fact serves as the driving factor for the 3D imaging market.
Before drawing any conclusions about the trends and future prospects about the 3D imaging market, one needs to analyze the segmentation present in the market. The market is segmented on the basis of display technologies, types of hardware, varieties of imaging solutions, applications in the variety of business verticals and geographical demands from across the globe.
Considering all these aspects, one has to say that the market is vast and has a great potential for growth. Unlike early trends that ranked it low based on the initial results, the market is moving towards explosive growth at a handsome rate.
The 3D imaging market provides various display technologies including anaglyphy, holography, stereoscopy, auto-stereoscopy and volumetric display technology. 3D display and image sensors are the basic hardware solutions available, which provide a variety of imaging solutions including 3D modeling, scanning, rendering, layout, animation and image reconstruction. Considering the variety of solutions offered by the 3D imaging technology, it has diverse applications in various business ecosystems.
The most common business verticals that utilize these services include healthcare and medicine, defense and security, architecture and engineering, media and entertainment and other industries. The wide acceptance of this technology is responsible for the great commercialization of these techniques. Devices like smart phones, animation, computers, TVs, cameras and medical diagnostic devices also use these technological for better results. This broadened usage has also increased the revenue and business opportunities in the market.
According to the forecasting reports, the 3D imaging market is expected to grow at an estimated CAGR of 26.7%. At this rate, the market will reach to $9.82 billion by 2018. The market is currently poised at $3.01 billion in 2013. Possibilities for further technological advancements and potential applications have created a wave of anticipation in the market. This fact is also motivating new entrants to invest in search of positive business opportunities in the market.
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