3D Scanning market Anticipated to Grow at a CAGR of 22.21% by 2025

The global 3D Scanning market gives essential information, objective insights regarding global market top key players analysis, and much more. The report provides detailed information on segmentation which covers product type, various components, end-user or applications, and various regions. The report deals with the most driving forces influencing the market’s revenue scale. The report delivers a comprehensive analysis of key segments, recent trends, major drivers, growth constraints, competitive landscape during this market. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for 3D Scanning investments from 2021 till 2025.

The 3D scanning market was valued at USD 1.23 billion in 2019, and it is expected to reach USD 3.99 billion by the end of 2025, with a CAGR of 22.21% during the forecast period (2020-2025).

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Market Overview: -

- 3D scanning technology witnessed considerable adoption from commercial applications. Further, the flexibility of the technology to be customized to meet professional needs in various industries has made it profoundly popular across major end-user industries.
- Furthermore, in the construction industry, 3D scanners are used to create a scaled 3D structure of a building. In the architectural industry, these devices help in preserving and archiving historical monuments from museums. Due to this technology's customizability and scalability, manufacturers rely on measurement accuracy and speed when building and developing advanced military and defense systems, using 3D scanners in making weapons and vehicles, such as frigates.

Competitive Landscape: -

- In July 2020 - Creaform launched MetraSCAN BLACK, a 3D scanner, which is equipped to measure complex parts and assemblies on the production floor for industries, such as automotive, power generation, and heavy industries. With capabilities to perform metrology-grade 3D measurement and inspection, the MetraSCAN could also integrate quality control, quality assurance, inspection, MRO, or reverse engineering workflow.
- In February 2020 - Hexagon AB made available its structured light scanning technology as portable measuring arms with the new RS-SQUARED Area Scanner. The RS- SQUARED takes up to four square tiles of 3D point data per second while maintaining the high accuracy measurement of the touch probe across difficult-to-reach areas.

Key Market Trends: -

Structured-light Scanner by Hardware Type to Drive the Market Growth

- A structured-light 3D scanner is a 3D scanning device for measuring the three-dimensional shape of an object using a single light source projecting multiple lines on the object being tracked by a camera or multiple cameras. This serves as a contrast to a laser scanner, which emits various laser dots on a single object, one after the other.
- Applications, such as reverse engineering of objects to produce CAD data, volume measurement of engineering parts, motion and environment capture for augmented reality games, body measurements for fashion retailing, automated optical inspection in high-speed manufacturing lines, and obstacle detection systems on unmanned aircraft, have been actively deploying structured light scanners.
- By offering capabilities, such as fast and no setup time, handheld 3D scanners make a convenient integration toward the same. Thus, multiple handheld 3D scanners for 3D printing have been deploying structured light technology. The technology uses trigonometric triangulation by projecting a pattern of light onto the object to scan.

North America to Account for Major Share

- The United States is one of the most significant and consequential 3D scanning markets across the world with healthcare, aerospace and defense, architecture and engineering, 3D Digital Corporation, research and education, entertainment and media is the significant, largest, and among some of the most advanced.
- 3D scanning opens up boundless possibilities for artists of any kind, allowing them to translate their most fantastic ideas into reality. For instance, the US media and entertainment (M&E) market, which is 33% of the global M&E industry, is the largest M&E market in the world, especially 3D animation production in the country, which houses the animation studios, such as Disney and Pixar. The technology drives forward the movie industry and video games many stunts and visual effects would have been difficult or even impossible to bring off before the advent of 3D scanning.
- In December 2019, Polyga Inc., a Canadian developer of 3D scanning and mesh processing technologies, announced the launch of the HDI Compact S1 entry-level professional 3D scanner at Formnext. The same pricing has been kept at USD 5,999 to cater to applications, such as 3D printing, reverse engineering (Scan to CAD), and scientific research, along with an essential quality inspection.

Significant Features that are under Offering and Key Highlights of the Reports:

– Detailed overview of 3D Scanning Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of 3D Scanning Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth

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