Global 3D Scanning Market Size to reach $10bn by 2024
Published Date: September 18, 2019 Authors: Preeti Wadhwani, Saloni Gankar
3D Scanning Market size is slated to reach USD 10 billion by 2024; according to a new research report by Global Market Insights, Inc.
Ongoing technological advancements in the healthcare industry, rising investments in medical devices, increasing aging population, and rapid development of the healthcare infrastructure in emerging countries are driving the 3D scanning market growth. The implementation of these scanning technologies in the healthcare industry aids professionals to accurately measure a patient’s anatomy and produce precise results. These scanners are portable and fast, allowing professionals to implement new practices and reduce the overall rising cost in treating patients. The usage of X-rays and MRIs scanners can lead to life-threatening risks as it includes radiation to produce pictures of the body while 3D scanners help in capturing the position of the object in virtual reality and registers data through photos, light, or a laser beam. The ability to produce highly personalized 3D printed medical devices and patient-specific surgical simulation is making these technologies appealing to a wide range of healthcare applications.
The integration of the technique with printers has enabled the printing of superior, high-resolution, accurate, and better-quality colored data. This technology is gradually being implemented in industries such as aerospace, automotive, and consumer electronics manufacturing for prototype building, designing, and modeling of products. It allows the printing of multiple copies of an object quickly & efficiently and reproduces a better version, eliminating quality fluctuations compared to hand-made objects. With the rising competition in the industry 3D scan-to-print applications in reverse engineering are becoming significant tools. Manufacturers are implementing these devices at their production facilities to improve and modify products. Moreover, the increasing adoption of 3D printing technology is expected to provide several opportunities for the 3D scanning market.
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Short-range scanners are anticipated to witness significant growth in the 3D scanning market over the forecast timespan owing to their wide adoption in automotive and healthcare application segments, where precision is highly demanded. These scanners offer several benefits such as fast & larger area scanning, high resolution & accuracy, versatility & portability, leading to a high demand. In addition, the technology is cost-effective, safe, and highly effective for scanning of individuals and animals. They use a laser triangulation or structured light technology to scan objects, which are in less than one-meter range.
Browse key industry insights spread across 160 pages with 206 market data tables & 23 figures & charts from the report “3D Scanning Market Size, By Product (Laser Scanner, Structured Light Scanner, Optical Scanner), By Range (Short Range, Medium Range, Long Range), By Application (Aerospace & Defense, Healthcare, Architecture & Engineering, Industrial Manufacturing, Entertainment & Media), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
The aerospace & defense industry is implementing scanning techniques owing to its ability to produce ultra-precise, highly accurate, and high-resolution results. Ongoing advancements in-flight platforms are forcing companies to implement innovative technologies such as injection-mold design, 3D data recovery, and 3D printed casting patterns. In addition, the growing need to reduce fuel costs and the efficient replacement of legacy parts for aging fleets are resulting in the higher adoption of the technology. Moreover, the technology ensures high-quality inspection to measure small parts in an aircraft. Such factors are anticipated to increase the demand in the industry, thereby driving the 3D scanning market growth.
The high adoption of technology in healthcare, aerospace & defense, architecture, & engineering applications has been witnessed in the North American region. Moreover, the expanding media & entertainment industry in the region has further driven the adoption of 3D scanning market. According to the International Trade Administration (ITA), the U.S. Media and Entertainment (M&E) industry was valued at over USD 715 billion, representing one-third of the global M&E industry, surpassing USD 825 billion by 2023. The integration of scanning in motion pictures, television programs, streaming content, music & audio recordings, broadcast, radio, and video games services allows the transition of ideas into reality. The technology is widely adopted by 3D animation players including Disney and Pixar. Moreover, the rising government investments in the healthcare sector coupled with the increased demand for plastic surgery and amputation will drive the demand for these scanners.
Major companies participating in the 3D scanning market include 3D Digital Corp., 3D Systems, Inc., Ametek, Basis Software Inc, Autodesk Inc., Creaform, FARO Technologies Inc., Hexagon AB, and Steinbichler, among others. These companies adopt strategies such as partnerships & collaborations and new product development in the industry. For instance, in February 2017, Creaform Inc. announced its partnership with Koenigsegg, a Swedish manufacturer of high-performance high-end sports cars. The hypercar manufacturer is set to leverage Creaform’s 3D scanning expertise to boost performance and increase product quality through partnership.
The 3D scanning market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2012 to 2024, for the following segments:
- Laser Scanner
- Structured Light Scanner
- Optical Scanner
- Short Range
- Medium Range
- Long Range
- Industrial Manufacturing
- Aerospace & Defense
- Architecture & Engineering
- Entertainment & Media
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa