3D Scanning Market Size

3D Scanning Market to See 15% CAGR Growth to 2024: Growth Factor & Trends

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There has been increased 3D Scanning Market adoption in Augmented Reality (AR) and Virtual Reality (VR) headsets over the years. These technologies offer advanced visual effects, CGI creation and scanning of real world locations, which is enhancing game play and is creating real life situations. With the rise of VR, the technology has become prominent in the entertainment & media industry and is widely being used for scanning of sports venues and development of video games thereby boosting the 3D scanning market demand. The non-contact feature of the systems offers numerous advantages in heritage preservation and is capturing specific customer base, which is helping widen the growth potential.

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3D Scanning Market size is set to exceed USD 10 billion by 2024; according to a new research report. The 3D scanning market growth can be credited to the growing implementation across several application areas. Industries are implementing the 3D scan-to-print solutions which is projected to transform the design-to-manufacturing processes.

In North American economies, the lucrativeness of the 3D scanning market is owing to the R&D strategies which are being undertaken in the region for product innovation. Speedy technological advancements to develop innovative products such as 3D digitization have the skill to render rapid scanning techniques which is anticipated to drive the industry growth. It is projected that the U.S. 3D scanning market will grow at a fast pace owing to rising demand and adoption in the automotive & aerospace industries.

The 3D laser scanner market is projected to hold the highest share over the forecast timespan owing to the profitable opportunities it is offering to increase the business exposure and help generate sales. The success of 3D laser scanners can be attributed to its features such as high degree of accuracy and real-time visualization. Many companies and businesses, irrespective of the industry domains, are employing the usage of 3D laser scanners to improve data collection and project outcomes.

Depending on the distance between the object and the scanner, scanners of different ranges are present in the 3D scanning market. Wide applications from architecture and construction industry is driving the demand of these scanners. Short range scanners are widely used when the distance between the object to be scanned and the scanner is less than one meter. The demand for these products is largely driven by applications from automotive and healthcare segments, where precision needed is of the utmost importance.

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These devices are gradually being used in industrial manufacturing for high precision measurement and defect detection before mass manufacture of products. The growth of the 3D scanning market in industrial manufacturing can be majorly attributed to the implementation in automotive designing & manufacturing, material processing, and plant inspection applications. In addition, the usage of these technologies in industrial production has helped improve efficiency.

Key players participating in the 3D scanning market include Basis Software Inc, 3D Digital Corp., Steinbichler, 3D Systems, Ametek, Hexagon AB, Creaform, FARO Technologies, Inc and Autodesk Inc. The industry is facing numerous challenges due to intense competition among competitors, growing end-user preferences, and availability of cost-effective alternatives to the technology. Rise in the number of applications in the industry has led to businesses working across the ecosystem to participate in developing innovative technologies, thereby resulting in high growth opportunities.

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3D Scanning Market to Soar at of 15% CAGR to 2024

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3D scanning market size to Soar at of 15% CAGR to 2024, as per a new research report while Rising adoption of these systems in various industry sectors, namely, quality control, rapid prototyping as well as reverse engineering is expected to propel industry growth over the forecast period, Growing need to obtain precise and quick results with optimum efficiency is also expected to serve as a key driver.

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Latin America 3D scanning market size was valued at over USD 250 million in 2014 and is estimated to grow at a CAGR of 13.9% from 2015 to 2022. Asia Pacific accounted for over 20% of the overall 3D scanning market share in 2014; growing demand can be attributed to technology proliferation across the region.

The industry is expected to experience substantial gains due to mounting prominence in various sectors such as quality archaeology, mechanical dimensional inspection, defense and aerospace. These devices also offer 3D digitization and high resolution over conventional techniques. Surging implementation of this technology in the transport sector for examining the accident scenario by digitizing and simulating the actual event sequence may positively impact the 3D scanning market size over the forecast period.

Complicated installation procedure coupled with high cost of technology is anticipated to hinder the industry over the next seven years. The advent of portable scanners is forecast to present significant growth opportunities.

Key report insights suggest:

3D laser scanning market was valued at over USD 1.5 billion in 2014 and is predicted to be the biggest industry segment. LED is the standard structured lighting technology owing to small size and low heat emissions. Increasing adoption of high performance CMOS sensors against CCD imagers is also expected to favorably impact growth.

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Entertainment and media applications accounted for over 9% of the global 3D scanning market share in 2014. The spur in the application sector is mainly due to escalating need for building 3D models for video games, movies, etc. Rapid surge in 3D content coupled with technological development has led to rapid product launches, high-quality images, and video delivery. Industrial manufacturing is likely to grow at a CAGR of 10.9% from 2015 to 2022.

Increasing application in engineering, construction and architecture sectors should facilitate new project development, as well as maintenance and operations of existing property. The technology also plays a crucial role in performing cultural as well as structural assessments, and also assists in supervision of construction activities. Surging R&D expenditure accompanied by growing innovation is anticipated to fuel 3D scanning market growth over the forecast period.

Short range products are expected to maintain their dominance over the forecast period, and are estimates to continue being the most attractive segment. Medium range 3D scanning market accounted for over 30% of the revenue in 2014 and is expected to witness steady demand over the next few years.

Notable industry participants include 3D Digital Corp., Ametek, Basis Software Inc, Steinbichler, and FARO Technologies. Key players emphasize on R&D investments and new product innovation as a part of their growth strategy.

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3D Scanning Market Size (Short Range, Medium Range, Long Range) to 2022

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MarketStudyReport.com adds “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” new report to its research database. The report spread across 95 pages with table and figures in it.

Wait and Watch the Thriving Growth of 3D Scanning Market till 2022

The size of 3D scanning market has touched USD 2.43 billion in the year 2014 and is projected to go beyond USD 6 billion. The market is rising with CAGR of 11.5% between the years 2015 to 2022. 3D scanners are used for calculating the geometry of any object with the help of lasers. Its wide demand in industries like reverse engineering, quality archeology along with rapid prototyping is going to give it a significant boost in near future. This technology is also catering affordability with accuracy, thus adding few more reasons for its tremendous growth in next few years.

Browse full table of contents and data tables at

http://www.marketstudyreport.com/reports/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-archit/

– Market size of 3D laser scanning reached USD 1.5 billion in the year 2014 and is expected to contribute in majority of industry shares till 2022.
– Market size of optical scanners will continue to rise with a CAGR of 11% between years 2015 to 2022.
– Market of short range scanners is expected to touch USD 2.8 billion till 2022 and is likely to occupy 46% of overall market share.
– Exponential growth is expected to be seen in entertainment and media sector which is likely to touch USD 600 million till 2022 with a CAGR of 13% between the years 2015 to 2022.
– With the increase in importance of 3D scanning market size, architecture and engineering sector is likely to capture 12% share till 2022.

– Latin America is estimated to exceed USD 750 million till 2022 and is rising with a CAGR of 13% between the years 2015 to 2022.
– Asia Pacific market of 3D scanning captured 23% of overall share in 2014 and is likely to go beyond USD 1.5 billion till 2022.

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Aren’t these figures showing the shining future of 3D Scanning Market? Yes, they are. 3D scanners with structured light have an ability to scan entire view within fraction of second, thus maximizing precision and minimizing distortion issue. These scanners cater quality inspection for ensuring accurate specifications. Increase in production of these cost effective scanners will have a positive impact on this industry.

Reduction in hardware complexity of these scanners is because of technological advancements which has increased its demand in the market. It is extensively used in many existing and budding applications for high quality and best manufacturing throughput. It is likely that technology will become more accessible to customers which will enhance sales in future.

Prominent industries which are competing for market shares are Ametek, Maptek, 3D Digital Corp., FARO Technologies and Basic Software Inc.

 

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