3D Scanning Market to Experience Exponential Growth & Trends by 2022

Allied Marker research recently published a report, titled, “3D Scanning Market by Type, Range, Services, and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025”. The report states that the global 3D scanning market accounted at $8,427 million in 2017 and projected it to reach $53,345 million by 2025, registering a CAGR of 25.7% from 2018 to 2025.

North America gains dominance in the global market, followed by Europe and Asia-Pacific. While in North America and Europe, the U.S. and the UK contribute the highest market revenue for those regions, China has a stronghold over the Asia-Pacific market.

The 3D scanning market is driven by a high increase in demand for 3D scanners. Technological advancement in the field, especially structured light-based 3D scanning in 3D printing has seen an upsurge in adoption, fueling the overall growth of the market. Opportunities for potential market growth is also provided by the use of 3D scanners in high definition content recording for movies and historical site preservation. However, the market growth is hindered by a dependence on non-3D businesses and high price sensitivity.

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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 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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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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