3D Scanning Market in 3D laser scanning sector to grow at 14% CAGR from 2017 to 2024

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3D Scanning Market to surpass 10bn by
2024Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from 3D scanning market

• 3D Scanning Market size is set to exceed USD 10
  billion by 2024 according to a new research
  report by Global Market Insights, Inc. 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.
• 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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Continued...

• In North American economies, the lucrativeness of
  the 3D scanning market is owing to the RD
  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.

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Continued...

• 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.
• 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.

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

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Continued...

• 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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