Global 3D Scanning Market Technology Coupled With Rising Research & Development Spending Research Report by Hexa Research

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Global Research on “3D scanning Market” size is expected to attain USD 4,900.7 million by 2020, growing at a CAGR of over 13% from 2014 to 2020. Increasing prominence in various sectors such as architecture, urban topography, reverse engineering, mechanical dimensional inspection, quality archaeology, aerospace and defence is expected to drive the industry growth over forthcoming six years.

This 3D scanning Market technology facilitates high resolution along with 3D digitization over traditional meteorological methods. These are also used in infotainment sectors such virtual reality and animation. Use of 3D scanners in transport application for investigation of the event scenario digitizing the actual event is anticipated to drive demand. In addition, innovation in healthcare sector is projected to drive 3D scanner market growth.Rapid and accurate results along with high efficiency are expected to elevate 3D scanning market.

Implementation of this technology in AEC (architecture, engineering and construction) sectors is likely to offer promising avenues for growth prospects. Furthermore this technology facilitates in project development accompanied by maintenance and operations of existing properties. It serves as a vital tool for evaluation of existing situations, perform cultural as well as structural assessments and monitor construction progress resulting in a surge in the 3D scanning industry demand.

The industry is propelled by innovation in technology coupled with rising research & development spending. Introduction of structured light 3D technology is likely to spur the industry demand. In addition, proliferating applications of these scanners over traditional ones owing to use of blue or white LED technology is anticipated to elevate 3D scanner market growth.

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However, high cost of technology accompanied by complicated installation procedure is likely to hinder the industry. Moreover, availability of portable and low cost scanners is projected to offer potential growth opportunities.

Product Overview

Laser scanner was the leading 3D scanning market product segment and was valued over USD 1,240.0 million in 2013. It is estimated to grow at a CAGR of over 12% from 2014 to 2020. Structured light scanner was valued over USD 270.0 million in 2013. It is expected to be the fastest growing product segment growing at a CAGR of over 14% from 2014 to 2020 owing to its increasing application in various sectors for designing prototypes with significant accuracy and versatility.

Range Overview

Short-range scanner was leading segment and was valued over USD 860 million in 2013. It is expected to exceed over USD 2,000 million by 2020, growing at a CAGR of over 13% from 2014 to 2020. Use of techniques such as pattern fringe regulation & laser triangulation is likely to drive industry demand. Mid-range scanner was valued over USD 660.0 million in 2013. It is anticipated to grow at CAGR of over 13% from 2014 to 2020. It is projected to exceed over USD 1660 million by 2020 owing to faster and accurate data acquisition.

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Application Overview

Entertainment and media were valued over USD 170.0 million in 2014. It is expected to exceed over USD 480.0 million by 2020 growing at a CAGR of over 15% from 2014 to 2020. This growth can be attributed to increasing usage in cinematography for building 3D models used in movies, video games and relaxation purposes. Architecture & engineering was valued over USD 220.0 million in 2013. It is expected to exceed over USD 580.0 million by 2020 owing to its use in archaeology and it aids in preserving architectural pieces.

Regional Overview

Asia Pacific 3D scanning market was valued over USD 450.0 million in 2013 and is estimated to grow at a CAGR of over 14% from 2014 to 2022. It can exceed over USD 1180 million by 2020 owing to rising awareness of highly developed medical treatments.

Europe was valued over USD 640.0 million in 2013 and expected to exceed over USD 1560.0 million by 2020 due to innovation in technology and sophistication in entertainment sector.

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Competitive Market Share

The global 3D scanning market share is moderately consolidated by top ten industry players. Key players include Basis Software Inc, Ametek, FARO Technologies, and Steinbichler among others.

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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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