3D Scanning Market size is estimated to reach $704.2 billion by 2027 | CAGR of 5.8% – IndustryARC
3D Scanning Market size is valued at $429.1 billion in 2021 and is expected to reach a value of $704.2 billion by 2027 at a CAGR of 5.8% during the forecast period 2022-2027. The adoption of efficient scanning technology is on the rise in healthcare applications due to enhanced medical facilities and improved awareness regarding hygiene. The average cost for 3D Structured Light scanners depends on whether it is Hardware or software and the services involved. However, as per Artec 3D the average price of 3D scanners.
3D Scanning Market size is valued at $429.1 billion in 2021 and is expected to reach a value of $704.2 billion by 2027 at a CAGR of 5.8% during the forecast period 2022-2027. 3D scanning is the process of analyzing a real-world object or environment to collect data on its shape and possibly its appearance. The collected data can then be used to construct digital 3D models. 3D Optical Scanners are widely used in industrial design, engineering and manufacturing due to their ability to quickly and precisely capture the required data. They are also used in other applications such as healthcare, retrofitting heavy machinery, creating visual effects for movies, developing characters for video games and designing customized prosthetic devices.
Competitive Landscape:
The top 5 players in the 3D Scanning industry are –
1. AMETEK
2. Trimble
3. Teledyne
4. Jenoptik
5. Topcon Corp.
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Segmental Analysis:
1. 3D Scanning market is estimated to surpass $11,384.24 million by 2026. 3D scanners have become an essential tool for reducing product developmentand manufacturing time, giving players a competitive advantage.
2. North America currently dominates the global 3D Scanning market with a share of more than 32.67%. The 3D scanner market in APAC continues to flourish at a high rate owing to the increased economic growth witnessed by key countries such as China and Japan in this region.
3. Memory device is expected to drive the overall market growth at a CAGR of 11.1% Laser scanning is a popular land surveying method that can accurately measure and collect data from objects, surfaces, buildings and landscapes. 4. APAC accounted for a share of 27.81% of the 3D scanner market in 2020. The 3D scanner market in APAC is growing due to rapid infrastructural developments taking place in the region.
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Report Coverage |
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Report Attributes |
Details |
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By Type of Device |
Handheld, Portable, Free Standing |
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By Application |
Defense & Aerospace, Building Infrastructure & Utilities, Educational, Healthcare, Industrial |
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By End User |
Smartphones, Tablets, Professional Cameras, Hobbyist Cameras, Contract Photographers, Drones |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges:
1. Advent of Industry 4.0: 3D scanners always provide faster data through measuring points and generate point cloud due to which components or complete production plants can be digitized quickly and accurately.
2. Surge in adoption of 3D scanning in automotive industry: Italy is considered as one of the largest automotive market in Europe after U.K, Germany and France. The country had witnessed about 2,131,916 units of vehicle sales and registrations as per OICA during 2019, a comparatively substantial rise from 2018.
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