Global 3D Scanning Market to register 8.5% CAGR through 2026

May 05, 2020

As per the report titled ‘Global 3D Scanning Market Size study, by Application (Entertainment and media, Aerospace and defense, Medical and healthcare, Civil and Architecture, Industrial Manufacturing, Others) Services (Reverse Engineering, Quality Inspection, Rapid prototyping, Face Body scanning) Range (Short range scanner, Medium range scanner, Long range scanner) Type (Optical scanner, Laser scanner, Structured Light scanner) and Regional Forecasts 2019-2026’, available with Market Study Report LLC, global 3D scanning market was worth USD 4.6 billion in 2018 and is projected to expand at 8.5% CAGR over 2019-2026.

3D Scanning is a process of capturing 3-dimensional attributes of an object, i.e., length, width and height along with characteristic data such as texture and color. 3D scanners utilize lights, lasers or X-rays by generating point clouds which help in the 3D depiction of the scanned objects using a specialized software.

Several benefits like reduced time, cost, and manual labor in the manufacturing process, along with improved quality of the output are encouraging the use of 3D scanning technologies across various industries including aerospace & defense, construction, healthcare, and entertainment & media. Furthermore, requirement of capturing large volume of 3D data for modelling and analysis applications will propel the growth of 3D scanning market over the projected timeline.

Increasing R&D expenditure and technological advancements, coupled with rising trend of mixed reality, IoT, and combination of wearable devices in automotive manufacturing and aerospace designing are other factors contributing to the market growth. Moreover, escalating demand for 3D metrology across several industries is expected to present new opportunities in the forthcoming years. However, high investment and set-up costs associated with 3D scanning may hinder the market growth during the forecast period.

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As per the regional analysis, North America 3D scanning market is reckoned to gain decent traction during the projection period. The growth can be affixed to rapid adoption of 3D scanning technology in automotive sector along with sustaining investments in R&D of this technology in the region.  

Meanwhile, Asia Pacific market is anticipated to grow considerably in the coming years, due to rapid expansion of architectural and automotive sectors utilizing 3D scanning for various purposes including civil surveying and reverse engineering.

Prominent players in global 3D scanning market are Nikon Metrology, Hexagon AB, Autodesk Inc., David Vision Systems GmbH, FARO Technologies, Basis Software Inc., Fuel3D Technologies Limited, Artec 3D, GOM GmbH, and Creaform Inc.

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