3D Scanning Market Detail Analysis focusing on Key Players like Basis Software Inc, 3D Digital Corp., Steinbichler, 3D Systems, Ametek, Hexagon AB, Creaform, FARO Technologies, Inc and Autodesk Inc.

The 3D Scanning market study formulated by Market Study Report, LLC, presents a detailed analysis of the influential trends prevailing in this business sphere. This research report also offers definitive information concerning the commercialization of this vertical, market size, and revenue estimation of this industry. The study explicitly illustrates the competitive standing of key players over the projected timeline while incorporating their individual portfolios & geographical expansion.

3D Scanning Market size is set to exceed USD 10 billion by 2024; according to a new research report. The 3D scanning market growth can be credited to the growing implementation across several application areas. Industries are implementing the 3D scan-to-print solutions which is projected to transform the design-to-manufacturing processes.

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Key players participating in the 3D scanning market include Basis Software Inc, 3D Digital Corp., Steinbichler, 3D Systems, Ametek, Hexagon AB, Creaform, FARO Technologies, Inc and Autodesk Inc. The industry is facing numerous challenges due to intense competition among competitors, growing end-user preferences, and availability of cost-effective alternatives to the technology. Rise in the number of applications in the industry has led to businesses working across the ecosystem to participate in developing innovative technologies, thereby resulting in high growth opportunities.

The global 3D scanning market is poised to experience a commendable growth rate over the coming years primarily due to the surging adoption of this technology across several end-user domains such as quality control, reverse engineering, and speedy prototyping. On top of providing quick results with enhanced efficiency the technology is also highly affordable, which will further impel the industry growth. In terms of initiatives, several research and development projects are lined up which are directed at technological advancements and innovations of 3D scanners and are projected to enhance product demand in the future. For instance, ARTEC LEO is a handheld 3D scanner, which is the world’s first 3D scanner to provide onboard automatic processing and offers a seamless workflow, thereby making 3D scanning as simple and easy as taking a video.

Speaking of the regional penetration of the 3D scanning market, the Asia Pacific market has seen the highest implementation of this technology due to rise in infrastructure development projects and increasing disposable income in the emerging economies such as India and China. Technological trends linked with AEC organizations will exceedingly influence how companies design, develop, and execute construction activities in the looming future, thereby creating a profound impact on the product demand. Moreover, the development of engineering and automotive production hub in the Asia Pacific region would considerably elevate the adoption of the 3D scanning technology. For instance, India has started using 3D scanning technology to assess how clean its cities are. The estimates are obtained by deploying 3D sensor scanning technology to measure the mass of unlawfully dumped public solid waste, along with urban transect sampling method. The method can also assess the type of waste dumped categorizing it as debris, biodegradable, plastic, and so on.

There has been increased 3D scanning market adoption in Augmented Reality (AR) and Virtual Reality (VR) headsets over the years. These technologies offer advanced visual effects, CGI creation and scanning of real world locations, which is enhancing game play and is creating real life situations. With the rise of VR, the technology has become prominent in the entertainment & media industry and is widely being used for scanning of sports venues and development of video games thereby boosting the 3D scanning market demand. The non-contact feature of the systems offers numerous advantages in heritage preservation and is capturing specific customer base, which is helping widen the growth potential.

In North American economies, the lucrativeness of the 3D scanning market is owing to the R&D strategies which are being undertaken in the region for product innovation. Speedy technological advancements to develop innovative products such as 3D digitization have the skill to render rapid scanning techniques which is anticipated to drive the industry growth. It is projected that the U.S. 3D scanning market will grow at a fast pace owing to rising demand and adoption in the automotive & aerospace industries.

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The 3D laser scanner market is projected to hold the highest share over the forecast timespan owing to the profitable opportunities it is offering to increase the business exposure and help generate sales. The success of 3D laser scanners can be attributed to its features such as high degree of accuracy and real-time visualization. Many companies and businesses, irrespective of the industry domains, are employing the usage of 3D laser scanners to improve data collection and project outcomes.

Depending on the distance between the object and the scanner, scanners of different ranges are present in the 3D scanning market. Wide applications from architecture and construction industry is driving the demand of these scanners. Short range scanners are widely used when the distance between the object to be scanned and the scanner is less than one meter. The demand for these products is largely driven by applications from automotive and healthcare segments, where precision needed is of the utmost importance.

These devices are gradually being used in industrial manufacturing for high precision measurement and defect detection before mass manufacture of products. The growth of the 3D scanning market in industrial manufacturing can be majorly attributed to the implementation in automotive designing & manufacturing, material processing, and plant inspection applications. In addition, the usage of these technologies in industrial production has helped improve efficiency.

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