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Global 3D Scanning Market – by Scanning Type, Range, Service, Application, Region - Market Size, Demand Forecasts, Company Profiles, Industry Trends and Updates (2018 - 2025)
3D Scanning Market – Segmented by Scanning Type, Range, Service, Application, Region | Market Size, Growth, Drivers, Trends, Industry Structure and Forecasts, Competitive Intelligence, Company Profiles | MarkGenes
3D Scanning is a process in which the scanner captures the three- dimensional attributes of an object such as its dimensions, texture and color which are then used to reproduce 3D models. The technology uses laser, light and x-rays and it helps save time, cost and effort during a manufacturing process, thus improving the quality of the product. 3D scanners have emerged as powerful tools for sectors such as aerospace & defense, automotive, entertainment & media, construction and healthcare.
The global 3D Scanning market was USD 5.65 billion in 2018 and is estimated to reach USD 9.27 billion by 2025 at a CAGR of 7.33% during the forecast period.
Growth by Region
North America dominates the global market because of its faster adoption of new technology and presence of major companies in the region. The United States is the leader with its presence in the aerospace and defence and its increasing demand for latest technologies. Also, the healthcare sector in the U.S. have significant demand for 3D scanners.
Drivers vs Constraints
The major growth factor for the 3D scanning market is its increasing demand in different industry verticals such as healthcare, manufacturing, entertainment, construction, and automobile. In addition, its application in reverse engineering, rapid prototyping, quality inspection, body scans, and numerous other services also drives the growth of the market. Some of the other factors that will sustain the markets growth during the forecasted period include growing demand for 3D printing and ongoing technological advancements in terms of portability, scanning range, and image quality. The factors that hamper the market’s growth includes price sensitivity of the consumers because of expensive scanners and dependence of market growth on non-3D businesses which affects its growth prospects during adverse economic conditions.
Industry Trends and Updates
In February 2018, FARO introduced ScanArm 2.0, which delivers upto 25% improved system accuracy to address the most demanding challenges and requirements faced by product design and product engineering professionals. In February 2018, Topcon acquired CLEAREDGE3D, a leader in 3D modelling and construction software. In October 2017, Creaform launched its surface damage analysis software, SMARTDENT 3D, to provide a cost-effective and time-saving solution for airlines. In July 2017, GOM released a new software. It offers new and advanced features for 3D metrology, virtual measuring room (VMR), and 3D testing.
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