Global 3D Scanning Market to cross USD 10 billion by 2024

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Global 3D Scanning Market to cross USD 10 billion
by 2024 Fractovia.org
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights of 3D Scanning Market

• In recent times, the competitive landscape of 3D
  scanning market is being characterized by a slew
  of product innovations equipped with advanced
  technology. This disruptive trend has caused
  quite a stir across myriad end-use sectors, which
  has been duly recognized by major corporations.
  Tecnalia Corporación Tecnológica, for instance, a
  Spanish technology corporation, and Leica
  Geosystems AG, a Swiss based firm developing
  systems for geographical surveys measurements,
  have come together to create a 3D scanning
  application for the naval industry. 3D scanning
  solutions developed by both these firms are
  expected to garner renewed acclaim, which will
  suitably augment 3D scanning industry.
• A recent instance that underlines the extensive
  scope of 3D scanning market is the joint venture
  between August Kestner and Formwerk3D, a digital
  scanning service provider and a key player in 3D
  scanning market. August Kestner, a museum at
  Hannover in Germany, reputed for possessing a
  rare collection of the Egyptian King Akhenatans
  bust with a limestone crown, has joined forces
  with the 3D scanning industry giant to obtain the
  digital scans of the bust through 3D scanning.
  The company apparently used light 3D scanners,
  reflectance transformation imaging, and
  photogrammetry for the purpose.

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Continued

• The technology of 3D scanning has supported the
  museum in digitally preserving the bust through a
  non-invasive scanning process. The museum is
  likely to exploit this technique by making 3D
  prints of the bust for the visually impaired or
  developing its miniature versions to be sold
  through low-key retail outlets. Through this
  joint venture, August Kestner has been betting on
  the emerging trend of capturing the 3D images of
  old objects and famous portraits through
  proficient 3D scanning technologies, which is
  likely to make a subsequent impact on 3D scanning
  industry.
• Speaking along the same lines, it would be
  prudent to mention that Japan has also been
  exploiting 3D scanning to preserve its age-old
  Buddha statues. So has Syria, where the
  technology is being used to digitally reinvent
  old monuments. The extensive application
  portfolio of 3D scanning industry is thus, likely
  to encourage manufacturers to focus on developing
  3D scanners with advanced features to obtain the
  most accurate digital scans. Keeping in line with
  the same, companies have been undertaking
  comprehensive research development activities
  to brainstorm advanced 3D scanning technologies,
  thereby providing an impetus to 3D scanning
  market.

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North America 3D scanning market size, by
application, 2012-2024 (USD Million)

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Continued

• In recent times, 3D scanning industry has
  witnessed the extensive application of new
  scanning techniques such as terrestrial laser
  scanning (TLS) in the field of archaeology. This
  relatively novel 3D scanning technology is
  bringing about a shift in the approach of
  archaeologists toward unearthing and using
  ancient antiques and objects. TLS offers precise
  three-dimensional (3D) digital surface scanned
  replicas of objects, structures, and site
  terrains. The ability to offer accurate and
  comprehensively documented data within a short
  span has contributed significantly toward the
  penetration of the technology across myriad
  fields. Innovations such as the aforementioned
  are thus, expected to augment the growth map of
  3D scanning market.
• Sony has recently introduced 3D Scanning and
  Image Creation Software in their smartphones as a
  part of their business growth strategy, which is
  certain to influence other 3D scanning market
  giants to bring about notable changes in their
  strategies as well. Some other 3D scanner
  manufacturers such as Matterport have introduced
  structured light technology in their products and
  reportedly, the move has led to the expansion of
  the application spectrum of 3D scanning market.
  Another innovation in 3D scanning industry can be
  credited to laser scanners that make use of
  drone- mounted cameras for scrutinizing images.
  The introduction of advanced features in laser
  scanning will not only boost the product
  penetration across various end-use sectors, but
  will also have a substantially commendable impact
  on 3D scanning market.

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Continued

• 3D scanning technology has been experiencing an
  escalating popularity across the automotive,
  engineering, and construction sectors in
  countries such as China and India. Its massive
  penetration in major end-use domains will create
  a profound and lasting impact on Asia Pacific 3D
  scanning market, which is slated to observe a
  CAGR of more than 15 over 2017-2024. Extensive
  research with regards to the introduction of
  novel features in 3D scanners has gained momentum
  across the countries such as the U.S.
  Additionally, the product has experienced a
  massive penetration across automotive and
  aerospace sectors in the country, which is
  expected to drive North America 3D scanning
  industry.
• Today, numerous firms are favoring reverse
  engineering as a feasible 3D scanning solution
  with effective modification and analysis of
  specific 3D scanners. 3D scanning industry is
  witnessing an intense competition with consumers
  preferring cost-effective products over advanced
  features. This has resulted in the creation of
  lucrative opportunities for the new entrants in
  3D scanning industry. Despite the challenges that
  lay ahead, 3D scanning market has a bright growth
  potential in the ensuing years, as per experts.
  If estimates are to be believed, this industry
  size is likely to surpass USD 10 billion by 2024.

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