Growing applications of 3D scanning technology in reverse engineering, rapid prototyping, quality control, industrial design, orthotics & prosthetics, and documentation of cultural artifacts is predicted to drive the 3D scanning market growth over the coming years. 3D scanners provide 3D digitization and high resolution as compared to other traditional techniques. Hence, they find extensive applications in mining, archaeology, construction, civil surveying, aerospace & defense, entertainment & media, transport, healthcare, dentistry, industrial manufacturing, and architecture industries.
For instance, 3D scanning technology is widely used in video-games and movie production in the entertainment industry. The transport industry uses the 3D scanning technology for investigating the accidental case through digitization and simulation of the real event sequence. It is also used in supervising the construction activities and perform structural assessments.
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The ability of 3D scanning technology to produce rapid and accurate results in fewer costs along with high efficiency is anticipated to boost the 3D scanning market growth over the coming six years. As per Global Market Insights Inc., “The 3D scanning market worth USD 2.43 billion in 2014, is predicted to cross USD 6 billion mark by 2022.” Growing focus on constant upgradations in hardware and software of 3D technology, making it easily accessible to the users, is likely to boost its sales over the coming years.
Amongst the various types of scanners available in the global industry, the 3D laser scanning market worth USD 1.5 billion in 2014, is likely to contribute a major portion of the overall market share by 2022. The 3D optical scanning market will grow at a CAGR of 11% over the period of 2015-2022.
Europe 3D scanning market size, by product (USD Million), 2012 – 2022
The 3D scanning devices find large applications in entertainment & media industry, which is forecast to surpass USD 600 million by 2022 owing to the rapid growth in 3D technology providing high-quality delivery of images and videos. Use of these 3D scanners in the industrial manufacturing sector is predicted to boost its growth over the coming years. 3D scanning applications in the industrial manufacturing sector is likely to make significant gains of 10.9% over the period of 2015-2022.
These 3D scanners are available in various ranges such as short range, medium range, and long range scanners. The short-range scanner segment is predicted to reach USD 2.8 billion mark by 2022 and maintain its leading position over the period of 2015-2022. The medium-range scanner segment is anticipated to record a CAGR of 11% over the period of 2015-2022. The long-range scanner segment is likely to witness a steady growth over the period of 2015-2022.
Browse key industry insights spread across 95 pages with 47 market data tables & 38 figures & charts from the report, “3D Scanning Market Size By Range (Short Range, Medium Range, Long Range), By Product (Structured Light Scanner, Laser Scanner, Optical Scanner), By Application (Aerospace & Defense, Healthcare, Architecture & Engineering, Industrial Manufacturing, Entertainment & Media), Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Competitive Market Share & Forecast, 2015 – 2022” in detail along with the table of contents:
The North America 3D scanning market size is predicted to account for 25% of the overall revenue share over the period of 2015-2022. Rising demand for structured light scanners is expected to contribute significantly towards the regional growth over the coming seven years.
The Asia Pacific which contributed over 23% of the overall market share in 2014, is anticipated to surpass USD 1.5 billion mark. The Latin America 3D scanning market share worth USD 250 million in 2014, is likely to surpass USD 750 million mark by 2022, owing to the growing demand for the sensors across various applications.
Key industry participants include 3D Digital Corporation, Basis Software Inc., Steinbichler Vision Systems Private Limited, AMETEK Incorporation, and FARO Technologies. These market participants try to increase their revenue share by focusing on R&D investments and product innovations as a part of their business growth strategy.
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