The 3D Imaging market is now projected to reach a revised size of $43.1 Billion by 2027, growing at a Compound Annual Growth Rate (CAGR) of 16.1% over the analysis period 2020-2027.
Hardware, one of the segments analyzed in the report, is projected to record a 15.9% CAGR and reach $18 billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the services segment is readjusted to a revised 17.9% CAGR for the next 7-year period.
The report notes that the U.S. Market is estimated at $4.1 billion, whilst China is forecast to grow at 20.3% CAGR. The 3D Imaging market in the U.S. was estimated at $4.1 billion in 2020. China, the world`s second-largest economy, is forecast to reach a projected market size of $9.7 billion by the year 2027 trailing a CAGR of 20.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 12.6% and 14.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 13.8% CAGR.
In the global Solutions segment, USA, Canada, Japan, China and Europe will drive the 12% CAGR estimated for this segment. These regional markets accounting for a combined market size of $2.2 billion in 2020 will reach a projected size of $4.9 billion by the close of the analysis period. China will remain among the fastest-growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach $6.2 billion by the year 2027, whilst Latin America will expand at a 13.8% CAGR through the analysis period.
The Global Market Trajectory & Analytics report is split into three key topics. The “Executive Summary” containing four categories. The “Market Overview” category includes subjects like “Influencer Market Insights”, “World Market Trajectories”, “Impact of COVID-19 and a Looming Global Recession”, “Global Competitor Market Shares”, “3D Imaging Competitor Market Share Scenario Worldwide (in %): E” and “Global Competitor Market Shares by Segment”. The other categories include “Focus on Select Players”, “Market Trends” & “Drivers and Global Market Perspective”.
The final topic, “Market Analysis”, covers more than 25 countries and continents, from Africa to India. It also features 34 competing companies. They include Able Software, Adobe, Autodesk, Bentley Systems, Dassault Systemes, ESRIFAROGE Healthcare, Google, HP, Lockheed Martin, Maxon, Panasonic, Philips, Pix4d, Pixologic, Sony, STMicroelectronics, Topco and Trimble.
You can read the full report from Research and Markets on its website.