Press release
3D Scanner Market for Reverse Engineering to Grow at the Highest Rate Between 2017 and 2023
The 3D scanner market is expected to be valued at 5.90 billion by 2023, growing at a CAGR of 7.8% between 2017 and 2023. The major factors driving the growth of the market include the increasing need to capture large volumes of 3D data for modelling and analysis, increasing focus on quality control, rise in the deployment of product lifecycle management (PLM) solutions, and reduced hardware complexity in 3D scanning.https://www.marketsandmarkets.com/Market-Reports/3d-scanner-market-119952472.html
Product launches & developments were the key strategies adopted by the market players to increase their share in the 3D scanner market in 2016. These strategies, collectively, accounted for a share of 69.23% of the overall growth strategies adopted by the market players between 2014 and 2017. Hexagon AB (Sweden), FARO Technologies, Inc. (US), and Nikon Metrology NV (Belgium) are the key manufacturers of 3D scanners. Partnerships, contracts, joint ventures, agreements, and collaborations were other key strategies adopted by the players in the 3D scanner market during the same period. Partnerships, contracts, joint ventures, agreements, and collaborations, collectively, accounted for a share of 17.30% of the overall growth strategies adopted by the market players between 2014 and 2017.
Download Free PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=119952472
Hexagon AB (Sweden) held the leading position in the overall 3D scanner market in 2016. The company offers products and services for various end-user industries, such as aerospace, agriculture, automotive, infrastructure & construction, metals & mining, power, and safety & surveying. Hexagon AB operates through two business segments: Geospatial Enterprise Solutions and Industrial Enterprise Solutions. Its Geospatial Enterprise Solutions segment has been further segmented into geosystems, safety and infrastructure, and positioning intelligence. The company's Industrial Enterprise Solutions segment has also been further divided into three subsegments: Manufacturing Intelligence & Process, Power, and Marine. The company has a wide portfolio of 3D scanners.
It focuses on product and technology innovation. For instance, the company offers an ultra-portable laser tracker system, which ensures excellent portable metrology performance and presents significant improvements in terms of speed and ease of measurement. Hexagon's products have applications in the aerospace, automotive, power & energy, and medical industries. Moreover, with a wide geographical coverage and strong focus on R&D, the company has managed to obtain the first position in the market.
Faro Technologies Inc., (US) held the second position in the market in 2016. The company mainly focuses on metrology products. It has adopted acquisitions and product launches as its key strategies to grow in the market. For instance, in April 2017, the company acquired MWF-technology GmbH (Germany), a leading provider of augmented reality solutions for the BIM/CIM and metrology industries. This acquisition would help the company provide innovative software tools for converting 3D CAD data into a mobile format that delivers immersive and interactive 3D simulated images.
Faro has adopted product launches to ensure growth, increase its product offerings, and enhance its market share. In April 2017, Faro launched PointSense 18.0 Suite, which is used in the construction and architecture industry for the seamless integration of 3D scanner data with Autodesk 2018 design tools.
Mr. Sanjay Gupta
MarketsandMarkets(TM) INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
sales@marketsandmarkets.com
MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release 3D Scanner Market for Reverse Engineering to Grow at the Highest Rate Between 2017 and 2023 here
News-ID: 1954659 • Views: …
More Releases from MarketsandMarkets
Laser Interferometer Market Set to Grow at the Fastest Rate- Time to Grow your R …
The global laser interferometer market is expected to be valued at 315 million in 2024 and is projected to reach USD 447 million by 2029, at a CAGR of 7.2% from 2024 to 2029. Emerging applications in industries push the market's growth due to the growing demand for precision in the manufacturing sector. However, challenges such as higher initial investments and maintenance costs cause problems. Despite these, opportunities arise for…
With 19.6% CAGR, Battery Testing, Inspection, and Certification Market Growth to …
The battery testing, inspection, and certification market is projected to reach USD 36.7 billion by 2029 from USD 14.9 billion in 2024 at a CAGR of 19.6% during the forecast period. Increasing adoption of EVs and energy storage systems, rising enforcement of stringent standards to ensure battery safety, thriving portable electronics industry, and rapid advances in battery technology are the major factors contributing to the market growth.
Download PDF Brochure @…
Real-Time Location Systems Revolutionize Healthcare: Insights from MarketsandMar …
The global RTLS market for healthcare is projected to grow from USD 2.3 billion in 2024 to USD 5.7 billion by 2029, at a compound annual growth rate of 19.6% from 2024 to 2029. As it attracts more and more players who enter this market with innovative RTLS features for customers, the market for RTLS technology is rapidly increasing. Top companies in this market focus on healthcare, retail, and manufacturing…
Offsite Data Center Power Infrastructure Market Size to Reach $35.4 billion by 2 …
According to a research report "Offsite Data Center Power Infrastructure Market by Component (Solutions and Services), Vertical (BFSI, Media & Entertainment, Government & Defence, Healthcare, Manufacturing, IT & Telecom, Retail) and Region - Global Forecast to 2030" published by MarketsandMarkets, the market size for global offsite data center power infrastructure market is projected to reach approximately USD 35.4 billion by the year 2030, as compared to the estimated value of…
More Releases for Hexagon
3D PluraView optimizes Hexagon ImageStation® photogrammetry workflow
With the sophisticated and flexible ImageStation® photogrammetry environment from the Swedish measurement technology and software company HEXAGON, particularly large volumes of aerial image, UAS and satellite data can be efficiently processed, managed and used for geodata acquisition. A central task that is solved extremely efficiently with ImageStation® is the precise, interactive capture of 3D objects and infrastructure - such as buildings, roads, bridges and natural terrain features.
In Germany, topographic surveying…
Automated Safety Monitoring Solutions Market: Industry Insights, Swot Analysis, …
WMR has released a report titled "Automated Safety Monitoring Solutions Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2031", which includes market percentage records and a thorough enterprise analysis. This report looks at the market's competition, geographic distribution, and growth potential. This comprehensive report encompasses industry performance, critical success factors, risk assessment, manufacturing prerequisites, project expenses, economic analysis, anticipated return on investment (ROI), and profit margins.
This comprehensive report delves…
Automated Safety Monitoring Solutions Market: Industry Trends, Share, Size, Grow …
The Latest published market study on Automated Safety Monitoring Solutions Market report provides an overview of the current market dynamics as well as what our survey respondents- all outsourcing decision-makers- predict the market will look like in 2031. The study breaks down the market by revenue volume and price history to estimate the size and trends analysis and identify gaps and opportunities. This report provides impactful insights for our clients…
Major players in the global inline metrology market are Hexagon AB (Hexagon) (Sw …
The inline metrology market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%. The growth of the inline metrology market is driven by factors such as increasing global adoption of smart metrology solutions, rising global spending on research and development activities for automation technologies, and growing use of smart 3D sensors worldwide. Key factors restraining the growth of…
(GPR) Ground Penetrating Radar Market Trend 2020 | Geophysical Survey Systems, I …
A detailed analysis of the ground penetrating radar market is entailed in this research report. The driving forces responsible for propelling the growth graph of this vertical in addition to the regional and competitive trends are mentioned in the study. A comprehensive document comprising details about vital parameters such as the industry ecosystem analysis, market segmentation, and the vendor matrix, the ground penetrating radar market report also contains information on…
LIDAR Market Analysis by Top Players Airborne Hydrography Ab (Hexagon), LEOSPHER …
LIDAR is an acronym for Light Detection and Ranging, a remote sensing technology that measures the distance of the target with a laser. It’s a narrow laser beam, which maps physical features with high resolution. It is been used in various application such as geomatics, geology, seismology, archaeology, forestry, remote sensing, etc.
Get Sample Copy of this Report @ https://www.bigmarketresearch.com/request-sample/22920?utm_source=RK&utm_medium=OPR
The recent advancements and cost effectiveness are some factors that are…
