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Global 3D Scanning Market is Expected to Grow at a CAGR of 14.1% in the Forecast Period of 2021-2026.

According to a new report by EMR titled, ‘Global 3D Scanning Market Report and Forecast 2021-2026’, the global 3D scanning market reached a value of around USD 1.116 billion in 2020. The market is expected to grow at a CAGR of 14.1% between 2021 and 2026.

The global 3D scanning market is primarily being driven by the rising demand from the application sectors. The growing use of 3D scanner in industries including aerospace and defence, automotive, architecture and building, medical, electronics, and heavy machinery and energy is pushing the growth of the hardware and software industry forward. The large market size of hardware and software can also be attributed to the increased acceptance of modern 3D scanner software upgrades.

In the Asia Pacific region, there are tremendous growth opportunities for the 3D scanner industry in the forecast period, with the industry in the region projected to expand at a fast pace in the coming years. This region comprises of emerging economies like China and India, which have tremendous 3D scanning market growth potential. The rise in the number of engineering as well as infrastructure ventures, increasing preference for customer implants (in medical applications) to guarantee better and quicker recovery, and a much-greater number of dental restoration operations in this region are some of the key factors pushing the expansion of the 3D scanner market in the Asia Pacific region.

In June 2016, 3D Systems (NYSE: DDD), one of the key players, announced the availability of the popular iSenseTM 3D scanner for iPhone. The iSense also provided a comprehensive update to the iSense app for iPhone and iPad users. The new device update includes improved tracking, speeds up to 3 times faster than previous models, and full-colour vibrancy via texture mapping. Smoother, as well as easier, scanning experience, faster average scanning times of 5 to 30 seconds, and also an enjoyable user experience are achieved by improvements in tracking and speed. This major technology update was issued for all current iSense owners in the iOS app store free of charge. Such developments have aided the growth of 3D scanners in the historical period. Innovations and technological advancements in the industry are expected to propel the growth of the global 3D scanning market in the forecast period too.

Market Analysis by Type, Range, Component, Product, Services, Application, and Regions:

  • Based on type, the market is divided into optical scanner, laser scanner, structured light scanners, and others.
  • The range of 3D scanning can be segmented into short, medium, and long.
  • The components of 3D scanning include hardware, software, and service.
  • The products in the market can be divided into tripod mounted, fixed CMM based, portable CMM based, and desktop.
  • The services included in the industry are reverse engineering, quality inspection, rapid prototype, and face/body scanner, among others.
  • It finds application in the aerospace and defence, automotive, healthcare, manufacturing, architecture and construction, media and entertainment, and tunnel and mining sectors, among others.
  • The regional markets include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • 3D scanners help reduce the time used in manufacturing a product, thus the demand is rapidly increasing for the technology.
  • The rising technological advancements is also propelling the growth of the market.
  • The growing demand for portable equipment is providing an impetus to the market expansion.
  • The thriving 3D printing sector is aiding the growth of the market.
  • The rising use of high-definition content recording in the film, television, and other industries is driving the market growth.
  • The preservation of historical sites by 3D scanners is also providing a boost to the market growth.
  • The emergence of structured light technology is also likely to drive the growth of the industry.

Key Offerings of the Report:

  • The EMR report gives an overview of the global 3D scanning market for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the types, ranges, components, products, services, applications, and major regional markets of 3D scanning.
  • It assesses the market based on the SWOT and Porter’s Five Forces models.

The major key players in the global 3D scanning market include companies like Hexagon AB, Autodesk, Inc., Topcon Corporation, Nikon Corporation, Perceptron, Inc., 3D Systems, Inc., Artec Europe, S.a.r.l., FARO Technologies, Creaform Inc., and Fuel3D Technologies, Inc among others. The comprehensive report covers their market share, capacity, and latest developments like mergers and acquisitions and capacity expansions.

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Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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