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3D Scanner Market to observe remarkable push over 2017-2024

05-31-2018 09:02 AM CET | Associations & Organizations

Press release from: Global Market Insights, Inc.

3D Scanner Market to observe remarkable push over 2017-2024

3D Scanner Market is estimated to surpass USD 10 billion by 2024. Wide range of application in areas such as automobiles, construction, aerospace, and engineering is expected to be one of the major driving factors. The need to optimize overall requirement of resources including time, efforts, and cost by first modelling the objects using the technology is growing rapidly. Generating models and prototypes before the actual production in defense and consumer goods is increasing the demand. The technology is becoming a crucial component in manufacturing industries for inspection and quality control.

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High volatility of prices is expected to challenge the suppliers in the 3D Scanner Market. To combat this issue, the suppliers are entering into annual or bi-annual contracts with the manufacturers relating to the supply of raw materials used. This ensures the locking of prices for the period of contract, thus enabling the suppliers to ensure business for that timespan and increasing price-profitability for the manufacturers. A low degree of backward integration is observed in the 3D Scanner Market, with manufacturers adopting this strategy to gain cost-advantage over the competitors.

The short-range segment in the 3D Scanner Market is expected to grow drastically, owing to the low cost and high portability of these devices. Moreover, they are increasingly used by the small and medium businesses due to their affordability. These devices can be classified into contact or non-contact categories. The coordinate measuring machines form a part of contact type scanners and are commonly used where the object is probed through physical touch. The main drawback of these devices is rigidity that hampers the adoption.

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3D Scanner Market is expected to witness high demand from the entertainment industry, owing to the increasing applications in gaming sector. EA Sports is the first gaming company to use this technology to laser scan every hole featured in the game at Augusta National Golf Club. It enables the players to gain knowledge about the authentic digital presentation of the tournament. In 2015, FIFA also used this technology to capture faces of the players and information about the stadium. Use of character doubles created using this technology is a growing trend in the industry, owing to its ability for quick creation of replicas and high accuracy compared to modelling from photographs.

The North America 3D Scanner Market is expected witness remarkable growth over the forecast timespan, due to growing construction sector and increasing application in automobile industry. Increasing number of refurbishment projects are providing growth opportunities for the software manufacturers to develop customized products. The manufacturers and technology providers in the 3D Scanner Market are leveraging the advancements in technology to gain competitive advantage. For instance, Autodesk, Inc. is developing software to integrate the data captured by unmanned aerial vehicles (UAVs) with 3D scanning technology to gain more insights.

The industry participants comprise Steinbichler, 3D Digital Corp., Basis Software Inc, 3D Systems, Hexagon AB, Ametek, Creaform, Autodesk Inc. and FARO Technologies, Inc. Manufactures are implementing advanced technologies in the products to distinguish their products. The 3D Scanner Market is facing numerous challenges owing to intense competition among competitors, growing end-user preferences, and other related risks.

Chapter 5 3D Scanning Market, By Range
5.1 3D scanning market share, by range, 2016 & 2024
5.2 Short Range
5.2.1 Short range 3D scanning market demand, 2012 - 2024
5.2.2 Short range 3D scanning market demand, by region 2012 - 2024
5.3 Medium Range
5.3.1 Medium range 3D scanning market demand, 2012 - 2024
5.3.2 Medium range 3D scanning market demand, by region, 2012 - 2024
5.4 Long Range
5.4.1 Long range 3D scanning market demand, 2012 - 2024
5.4.2 Long range 3D scanning market demand, by region, 2012 - 2024

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"Global Market Insights, Inc. has a report titled, “3D Scanning Market Size By Range (Short Range, Medium Range, Long Range), By Product (Structured Light Scanner, Laser Scanner, Optical Scanner), By Application (Aerospace & Defense, Healthcare, Architecture & Engineering, Industrial Manufacturing, Entertainment & Media), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, China, India, Japan, South Korea, Brazil, Mexico), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” available at
https://bit.ly/2coNrvx

About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: http://algosonline.com/news

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