Demand for 3D Scanning Market is expected to witness the highest growth rate

The 3D scanning market has been growing at a significant rate with increasing applications in a variety of sectors including healthcare, aerospace & defense, industrial manufacturing, and others. Improved accuracy, efficiency, speed of operations, and affordability are expected to drive the market growth during the forecast period. Its use in industrial manufacturing is expected to increase, owing to its effectiveness in obtaining fast and accurate results. The laser scanner segment is estimated to account for the highest market share, while the optical scanner segment is expected to grow at the fastest CAGR during the forecast period.

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Emerging government regulations pertaining to patient safety are expected to increase the demand for 3D scanners in medical and healthcare sectors. Building construction planning and maintenance of historical sites are expected to be the major applications in the civil and architecture segments.

The global 3D scanning market was valued at $8,427.0 million in 2017 and is projected to reach $53,345.0 million by 2025, growing at a CAGR of 25.7% from 2018 to 2025. Among the analyzed geographical regions, North America is expected to account for the highest revenue in the global market throughout the forecast period (2018–2025). However, Asia-Pacific is expected to grow at a high growth rate, predicting a lucrative growth opportunity for the global 3D scanning market.

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Faro Technologies, Inc., Creaform, Inc., Direct Dimensions, Inc., GOM mbH, Konica Minolta, Inc., 3D Digital Corporation, Autodesk, Inc., 3D Systems, Inc., ShapeGrabber, and Maptek Pty Ltd. are the key market players that occupy a significant revenue share in the global 3D scanning market.

The global 3D scanning market was valued at $8,427.0 million in 2017, and is projected to reach $53,345.0 million by 2025, registering a CAGR of 25.7% from 2018 to 2025. North America was the highest contributor to the global market, with 39% of the market share in 2017, registering a CAGR of 23.1% during the forecast period 2018-2025.

3D scanning is a process that captures the three-dimensional attributes of an object along with information such as color and texture. This technology helps save time, cost, and efforts during a manufacturing process and thus, improves the quality of the output. 3D scanners substantially capture the dimensions of physical objects using laser, light, or x-rays and create point clouds, which are then used to produce a 3D representation of the scanned object using software. Nowadays, 3D scanners have emerged as powerful tools aerospace & defense, automotive, entertainment & media, construction, healthcare, and several other sectors.

3D scanners have become a critical tool for shortening the product development and manufacturing time of a product, thus, providing a competitive edge to the players. The ongoing technological advancements in terms of portability, scanning range, and image quality have opened new application areas for this equipment. In addition, growth in demand for the 3D printing market, use of high definition content recording for movies, and historical site preservation by 3D scanners are some of the factors that are expected to create lucrative growth opportunities during the forecast period. However, most 3D scanners are expensive, which has become a major restraint toward the adoption of these scanners.

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