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3D Scanning Market growing at a CAGR of 25.7% from 2018 to 2025 says Allied Market Research
3D Scanner
According to a recent report published by Allied Market Research, titled, 3D Scanning Market by Type, Range, Services, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025, 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.
At present, North America dominates the market, followed by Europe. In 2017, the U.S. dominated the North America market and the UK led the overall market in Europe. While, in Asia-Pacific, China currently dominates the market.
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Increase in demand for 3D scanners and technological advancements drive the growth of the global 3D scanning market. In addition, increased use of structured light-based 3D scanning in 3D printing market has fueled the demand for the 3D scanners. Moreover, use of 3D scanners in high definition content recording for movies and historical site preservation by 3D scanners is anticipated to provide potential growth opportunities for the market. However, price sensitivity and dependence of market growth on non-3D businesses hampers the growth of the global 3D scanning market.
Key Findings of the 3D Scanning Market:
• Based on range, the short-range segment led the global 3D scanning market in 2017. However, the medium range segment is anticipated to grow at the highest CAGR during the forecast period (2018-2025).
• North America held the majority of the market share in 2017.
• By application, the healthcare segment has been dominating the global 3D scanning market in 2017.
• Asia-Pacific is anticipated to exhibit the highest CAGR during the forecast period.
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.
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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 arseas 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.
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.
Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.
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