Global 3D Scanning Market Size is estimated to be valued over USD 3.7 billion in 2018

Global 3D Scanning Market Size Analysis

The Global 3D Scanning Market Size is estimated to be valued over USD 3.7 billion in 2018 and will register a CAGR of 7.9% to create high revenue opportunity for industry players during the forecast period (2018-2028).

The global 3D scanning market is highly competitive with market concentrated with top 15 companies. The players are strategizing on product innovation to differentiate their product offering and capture a major chunk of the global share.

Global 3D Scanning Market Drivers and Challenges

3D scanning market has wide range of applications ranging from manufacturing to healthcare sectors – and as such will create high revenue opportunity for industry players across whole value chain. Besides healthcare and manufacturing sector, it will gain good penetration in construction and engineering sector.

Leading companies are focusing on deployment of innovative technologies to lower down the up-front costs and offer better services to end-users. Miniaturization is the new buzzword in the industry. Portable and handy scanners are in high demand owing to which companies are strategizing their business priorities towards product development. Much of the demand will generate from media and gaming industry wherein 3D scanners sales skyrocketed to over 9% between 2014 and 2017.

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Global 3D Scanning Market Size and Forecast: Regional Analysis

North America will account for over 28% of global sales in 2018 followed by Western Europe and Asia Pacific. The demand for scanners is high from military and aerospace industry. Large scale sales was observed in aerospace industry in 2016. It is expected to continue its position in 2018. Higher spending on R&D and faster adoption rate are the key trends in the U.S. 3D scanning market outlook.

Asia Pacific will register fastest growth – creating high revenue opportunity for industry on longer time span. China will account for over 39% of regional sales in 2018.

Global 3D Scanning Market Analysis, By Product

By product, laser scanners will account for over 53% of global 3D scanning market sales in 2018. It will continue to dominate the overall sales, however, will lose over 550 basis points to optical scanners.

Global 3D Scanning Market Analysis, By Range

3D scanners available in the market are mostly of short range. In 2017, short range accounted for over 46% of global valuation. While medium range 3D scanners will grow at the fastest rate, long range will be marred by high prices. Product innovation is expected to lower the prices by almost 6% between 2017 and 2028.

Global 3D Scanning Market Analysis, By Application

Aerospace industry will dominate the global 3D scanning market size in 2018. It is expected to account for over 27% of global share in 2018 followed by manufacturing sector and engineering sector. Tactical operations and aerial maneuverability has led to high penetration in aerospace industry.

Civil engineering will gain significant traction owing to number of large projects in line between 2018 and 2028. Media and gaming industry will register fastest growth and will gain 350 basis points during the forecast period.

Global 3D Scanning Market Size and Forecast: Competition Landscape

Global 3D Scanning market outlook is substantially consolidated. Some key industry players are FARO Technologies, Basis Software, Inc. (Surphaser 3D), Autodesk, Inc., Fuel3D Technologies Limited Creaform, Inc., Nikon Metrology NV, David Vision Systems GmbH, and Hexagon AB.

3D Scanning Market Industry Segmentation

By Range:

• Short Range
• Medium Range
• Long Range

By Scanner Type:

• Optical Scanner
• Laser Scanner
• Structured Light Scanner

By Application:

• Manufacturing
• Aerospace
• Military
• Civil Engineering
• Automotive
• Healthcare
• Media and Gaming
• Others

What Will You Discover in the Report?

• An in-depth analysis across regions – North America, Latin America, Western Europe, Central and Eastern Europe, Asia Pacific, Middle East, and Africa.
• How the 3D scanning market sales is expected to grow throughout the forecast period.
• How geopolitical policies and technological changes will affect the 3D Scanning market in near future
• Where the stakeholders should invest to generate higher profit margins
• How consumers (end-users) will reflect to the 3D Scanning industry during the forecast period
• Who are the 3D Scanning industry leaders and what are the key initiatives taken by them for long term growth

Analyst access with Bekryl Market Analysts

Purchasing of 3D Scanning market research report will give clients access to 120 minutes telephonic access with a research analyst. The duration for access to analysts will be based on the report subscription editions.

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