3D Scanning Market is expected to garner $5.7 billion, Globally, by 2021

Global 3D Scanning Market would garner a revenue of $5.7 billion by 2021, registering a CAGR of 13.6% during 2016 - 2021, according to a new report by published by Allied Market Research. Applications of 3D scanners in industrial manufacturing generated the highest revenue in 2014. Geographically, North America and European markets would be the key revenue contributors, constituting over 65% of the total market revenue throughout the analysis period.

Nowadays, 3D scanning technology is gaining increased adoption in different industry verticals due to its improved efficiency, and faster and accurate results. Among different types of scanners, the laser scanners are widely adopted due to their easy portability and low price range. Thus, the industry players are keenly focusing on developing technologically advanced lighter laser scanners for indoor and outdoor applications. For instance, the leading industry player, FARO Technologies, Inc. has recently introduced Freestyle X Handheld Laser Scanner for short range applications in civil and architecture sector.

In 2014, reverse engineering services was the highest revenue-generating segment due to their large-scale adoption across various industries such as manufacturing, automobile, and defence. These services benefit the customers in effective analysis and modification of industry specific products.

Key findings of 3D Scanning Market:

• 3D scanning market would exhibit a significant growth due to its high efficiency, and faster and accurate results in measurement and imaging applications in different sectors such as industrial manufacturing to healthcare
• Asia-Pacific and LAMEA regions would exhibit potential market opportunities
• Reverse engineering services constituted the largest market with nearly one-third share in 2014
• Medical & healthcare sector would exhibit the fastest CAGR with increasing application for patient diagnosis in the hospitals
• Laser scanner segment would continue to maintain the leading position throughout the forecast period

The early adoption of technology and presence of a large number of suppliers facilitated to the market growth in North America. However, Asia-Pacific and LAMEA markets are expected to grow at the fastest rate owing to increasing demand from countries such as China and India.

The market participants focus on developing smaller and lighter scanners in order to increase their application areas. Recently, the leading players such as FARO Technologies and Creaform have developed handheld laser scanners for a variety of applications in entertainment, healthcare, and automotive sectors.

Allied Market Research is a global market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Our market research department starts with the research task considering specific concerns and ambitions of the client. We understand that every market is driven by certain key factors locally as well as globally. Our analysts dig out those factors, helping clients understand the importance and impact of every such driving force. Moreover, possible restraints of the market are discovered and suggestions to tackle those restraints are formulated after extensive research and analysis of the overall market conditions. Making an even deeper insight, we analyze the market trend including both qualitative and quantitative present market scenario in every geographical region segmented as per the business domain concerned and overall performance in different regions throughout the globe.

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