Title: 3D scanning market size expected to exceed USD 6 billion, growing at a CAGR of 11.5% from 2015 to 2022
1 3D scanning market size expected to exceed USD
6 billion, growing at a CAGR of 11.5 from 2015
to 2022Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2 Key Insights from 3D scanning market
- 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. - 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.
3Continued...
- 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
RD investments and new product innovation as a
part of their growth strategy.
4Europe 3D scanning market size, by product (USD
Million), 2012 2022
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6 360 Analysis
- Application Analysis
- Entertainment media is forecast to witness the
highest growth it is likely to be worth over USD
600 million by 2022, growing at a CAGR of over
13 from 2015 to 2022. Increasing significance of
these scanners for architecture applications can
be attributed to advent of portable devices. - Regional Analysis
- North America 3D scanning market share is
anticipated to remain over 25 of the global
revenue over the forecast period. Increasing
demand for structured light scanners is likely to
experience substantial growth across the region,
over the next few years.Latin America is
anticipated to be the most attractive regional
segment. It likely to cross USD 750 million by
2022, growing at a CAGR of over 13 from 2015 to
2022. - Competitive Market Share
- Major industry participants competing for 3D
scanning market share include Ametek (Creaform),
3D Digital Corp., Basis Software Inc (Surphaser),
Maptek, Topcon and FARO Technologies.
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