3D Scanning Market Led by Growing Demand For Rapid Prototyping Devices Set to Reach the $11 Billion Mark By 2020

The 3D scanning market estimated to grow to $11.14 Billion by 2020 as growing usage in education and consumer products propels the market.

The report  3D Scanning Market Analysis: By Technology (Laser Scanner, Machine Vision, Coordinate Measuring Machines); By Application (Reverse Engineering, Inspection, Digital Archiving); By End Use Industry (Automotive, Medical, Consumer) – Forecast 2020 ”, published by IndustryArc, the market to reach $11 Billion by 2020.

Browse 30 Market Tables, 108 Figures spread through 200 Pages and an in-depth TOC on “3D Scanning Market”:

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3D Scanning is a simple method of building virtual models of objects by undertaking physical measurements of the object. This process is quick and accurate and the device which facilitates the capturing of 3D scan information is a 3D scanner. The data generated from this scanning is utilized in virtual models of the object to augment the required attributes. The 3D scanning is a fast growing industry where improving technological capabilities are set to significantly impact the growing applications for these products.

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According to a recent study from IndustryARC, the 3D scanning market generated revenue of $8.2 billion in 2014 and is projected to grow at 4.7% CAGR through 2020. The 3D scanning market is exhibiting high growth due to increased adoption in education and consumer electronics industries as well as a launch of new products with improved functionality and features. This high growth rate is also attributed to the increased demand for 3D printing in the Americas and European regions. The 3D scanning market is led by Basis Software, Inc. (U.S), Faro Technologies (U.S), Ametek Corporation (U.S), Maptek Pty Ltd (U.S) and Topcon Corporation (Japan). A recent report created by IndustryARC examines this market and as well as the various 3D scanning products.

In 2014, manufacturing is the primary end use industry segment accounting for the largest share followed by the aerospace segment. The growing demand for rapid prototyping and 3D scanning in inspection applications in these industries is set to drive adoption of 3D scanning devices in order to improve the cost and time to market. The key driver is, however, the growing applications and technological advancements in this industry. This creates a bigger potential market for 3D scanning resulting in higher growth. The education segment is forecast to exhibit the highest growth as 3D scanning is set to be utilized in medical, engineering, art and architectural education fields to bring digital models of products allowing students a more interactive educational process.

Americas market is the biggest market in 2014 with revenue of $3.12 Billion followed by APAC. The APAC region is poised to grow at a very high CAGR due to growing economy leading to high adoption of 3D scanning, particularly laser scanners for consumer products. The increasing innovation in technology and growing awareness regarding the capabilities of 3D scanning are set to propel the adoption. The Europe region is projected to exhibit slow growth as economic uncertainty combined with low growth in manufacturing and automotive sectors hinders the market.

The key players in the market are:

  • Basis Software, Inc. (Surphaser)
  • Faro Technologies
  • Ametek Corporation
  • Maptek Pty Ltd
  • Topcon Corporation

The Global 3D Scanning Market Report provides detailed analysis of the different types of 3D scanners based on technology type, applications, end use industries and range of the scanners.

The 3D scanning Market study across various industries is incorporated in the Report

  • Automotive
  • Aerospace
  • Medical & Dental
  • Education
  • Manufacturing
  • Multimedia & Entertainment
  • Architecture
  • Consumer Products

The overall market is also presented from the perspective of different geographic regions and the key countries for this industry.  Competitive landscape for each of the product types is highlighted and market players are profiled.

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