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3D Scanning Market to Rise at 10.2% CAGR till 2026 Driven by Increasing Investment in Product R&D to Aid Growth and Applications Across Diverse Industry Verticals

Pune, India, Dec. 01, 2021 (GLOBE NEWSWIRE) — The global 3D scanning market size is projected to reach USD 10.90 billion by the end of 2026. The applications of 3D scanning across diverse industry verticals have had a huge impact on the growth of the market. According to a report published by Fortune Business Insights, titled “3D Scanning Market Size, Share & Industry Analysis, By Component (Hardware, Software), By Range (Short Range, Medium Range, Long Range), By Device (Portable, Stationary), By Application (Reverse Engineering, Quality Control and Inspection, Rapid Prototyping, Full Body Scanning, Gaming, Others), By End-User (Aerospace and Defense, Healthcare, Automotive, Architecture and Construction, Industrial Manufacturing, Entertainment and Media, Others), and Regional Forecast, 2019-2026,” the market was worth USD 5.02 billion in 2018 and will exhibit a CAGR of 10.2% during the forecast period, 2019-2026.

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3D scanning or 3-dimensional scanning is a concept that is extensively used in numerous industry verticals across the world. The concept offers ease of operations in several manufacturing processes and streamlines several stages in the manufacturing cycle. The high investment for incorporation of 3D scanning in automated processes by major companies across the world will emerge in favor of the companies across the world. The growing demand for automated 3D scanning processes will create several growth opportunities for the market in the foreseeable future. The diverse applications of 3D scanning have opened up a huge potential for the market.

A few of the leading companies that are operating in the global 3D scanning market include:

  • CyberOptics Corporation
  • NeoMetrix Technologies, Inc.
  •  Exact Metrology
  • Faro Technologies, Inc.
  • GOM GmbH
  • 3D Systems, Inc.
  • Autodesk, Inc.
  • Quality Vision International
  • Maptek Pty Ltd.
  • Topcon Corporation
  • Hexagon AB
  • Trimble, Inc.

Report Scope & Segmentation

Report Coverage Details
Forecast Period 2019 to 2026
Forecast Period 2019 to 2026 CAGR 10.2%
2026 Value Projection USD 10.90 Billion
Base Year 2018
Market Size in 2018 USD 5.02 Billion
Historical Data for 2015 to 2017
No. of Pages 180
Segments covered Size, Component, Range, Device, Application, Geography
Growth Drivers Expeditious Utilization of 3D Scanners to Create Digital Models for Virtual Cinematography and Video Games
Prerequisite of 3D Scanning in Product Lifecycle Management to Uplift the Market Growth
Laser Scanner Segment to Hold the Largest Market Share Owing to its Ability to Capture Millions of Data Points in Seconds
Pitfalls & Challenges High Initial Cost Associated with 3D Scanning Solutions to Hinder the Adoption

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Increasing Number of Product Launches Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches by major companies has made a huge impact on the growth of the market. In June 2018, Creaform announced the launch of a new portable 3D scanner. The company introduced Pipecheck 5.1, an upgraded version of non-destructive testing software. The product will be used for pipeline integrity inspections in the oil and gas industry. The company’s latest portable 3D scanner will help the company generate massive sales in the coming years. Furthermore, due to the huge consumer reach of the company, this product will have a positive impact on the growth of the overall market in the foreseeable future.

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North America Dominates the Market; Focus on Integrating 3D Scanners in Machinery to Aid Growth

The report analyzes the ongoing 3D scanner market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America currently dominates the market. The focus on integrating 3D scanners in machinery and automated equipment by major companies will aid the growth of the regional market. As of 2018, the market in North America was worth USD 1.64 billion and this value is projected to increase further in the coming years. The market in Europe will emerge as the second-largest market in the coming years driven by increasing applications of the concept across diverse industries.

Industry Developments:

September 2019 – Creaform announced the addition of a new version of a 3D scanner to its ACADEMIA educational solution suite.

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Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints, and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
  • Global 3D Scanning Market Analysis, Insights and Forecast, 2015-2026
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component (Value)
        • Hardware
          • Laser Scanner
          • Structured Light Scanner
          • Optical Scanner
        • Software
      • By Range (Value)
        • Short Range
        • Medium Range
        • Long Range
      • By Device (Value)
        • Portable
        • Stationary
      • By Application (Value)
        • Reverse Engineering
        • Quality Control and Inspection
        • Rapid Prototyping
        • Full Body Scanning
        • Gaming
        • Others
      • By End-User (Value)
        • Aerospace and Defense
        • Healthcare
        • Automotive
        • Architecture and Construction
        • Industrial Manufacturing
        • Entertainment and Media
        • Others
      • By Region (Value)
        • North America
        • Europe
        • Asia Pacific
        • Middle East and Africa
        • Latin America

TOC Continued…!

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