Global 3D scanner market to reach $ 5.8 billion by 2024

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FACTS AT A GLANCE
Editing: 6; Posted: May 2021
Executive pool: 421
Companies: 65 – Players covered include 3D Systems Corporation; Arctec 3D; Carl-Zeiss Industrial Metrology LLC; Creaform, Inc .; FARO Technologies, Inc .; GOM GmbH; Hexagon AB; Maptek Pty Ltd .; NextEngine Inc .; Nikon Metrology NV; Optical measurement products; Perceptron Inc .; Topcon Corporation; Trimble, Inc. et al.
Blanket: All major geographies and key segments
Segments: Type (laser, optical, structured light, other types); Product (on fixed CMM, portable CMM, tripod mounted, desktop); Range (short range, medium range, Long range); End use (automotive, aerospace and defense, architecture and construction, healthcare, other end uses)
Geographies: World; United States; Canada; Japan; China; Europe; France; Germany; Italy; UK; Rest of Europe; Asia Pacific; Rest of the world.

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ABSTRACT-

Global 3D Scanners Market to Reach $ 5.8 billion by 2024

3D scanning is a non-contact, non-destructive process of digitally analyzing and capturing the shape of physical or real objects. Data collected on the shape and appearance of the physical object or the real world is used to create digital 3D models. A 3D scanner uses many different technologies including laser, optical and structured to build digitized models of objects. Structured light 3D scanners and industrial computed tomography can be used to generate digital 3D models without destructive testing. The 3D model includes a point cloud of geometric samples which are then used to infer the shape of the object. Common applications of 3D scanning include industrial design, orthotics and prosthetics, motion capture, gesture recognition, reverse engineering and prototyping, robotic mapping, augmented and virtual reality, and control / quality inspection.

The previous decade saw massive improvements in 3D scanning technology in terms of scanning rate, capture range, display resolution, storage capacity, battery life, portability, ease of use. ‘use, low noise and remote control features. Modern 3D scanners come equipped with the best ability to scan objects in a huge range of sizes, from submillimeter scale to large objects such as airplanes, ship propellers, wind turbines and multi-story buildings. Incorporating laser, optical or structured light technology, 3D scanners are offered in different versions such as fixed CMM scanners, portable CMM scanners, tripod mounted scanners and desktop scanners. On the basis of the scope capability of the device, the 3D scanner market is segmented into short range, medium range and Long range segments. By end use, the market can be segmented into automotive, aerospace and defense, architecture and construction, healthcare, and other end uses.

Amid COVID-19 Crisis, Global 3D Scanners Market Expected to Reach US $ 5.8 billion by 2024, registering a compound annual growth rate (CAGR) of 7.4% over the analysis period. United States represents the largest regional market for 3D scanners, accounting for an estimated 39.3% share of the global total. The market is expected to reach 2.4 billion US dollars before the end of the analysis period. China is expected to spearhead the growth and become the fastest growing regional market with a CAGR of 9.6% during the analysis period. The market is driven by the growing need to maintain high quality standards in manufacturing operations. Market opportunities for 3D scanning technology are emerging from the increasing digitization seen in various industries. The market is also being influenced by the need for real-time analysis of large volumes of 3D data, the time and cost savings associated with the use of cloud computing services, and the growing trend towards outsourcing of 3D data. 3D scanning services. The growing adoption of automation and the emergence of “Smart Factory” and “Smart Manufacturing” concepts are driving the adoption of 3D scanning technology. The advent of Industry 4.0 has opened up opportunities for transparent data exchange and process automation in manufacturing systems. Therefore, 3D scanning systems are increasingly adopted by various industries including aerospace, architecture, automotive, construction, defense, electronics, energy and healthcare. The increased automation driven by the Industrial Internet of Things (IIoT) is also driving the demand for 3D scanning systems. The demand for 3D scanning tools in particular is expected to grow rapidly in the coming years as sensors and robotic arms continue to be widely deployed in the automation industry. Manufacturing plants use optical microscopy compatible robots that are able to analyze measurement data in real time. Growing popularity of virtual simulations, reverse engineering and quality control in manufacturing industry is driving demand for advanced 3D scanning equipment in several industries including aerospace, automotive, defense, energy and electronics, among others.

The continued increase in investments by major market players in research and development (R&D) activities aimed at diversifying product offerings and maintaining their competitive edge in the market is expected to provide significant growth potential in global digitization technology. 3d. Suppliers of 3D scanners require continuous upgrading and restructuring of their R&D to develop more advanced systems. In addition, with the in-house implementation of 3D scanning processes becoming a financial burden, alternative models, including 3D scanning services, appear to be cost-effective solutions to overcome the high investment costs. To implement 3D scanning in production and product development processes, companies should either set up a new facility or outsource the same. Increasingly, businesses are outsourcing their 3D scanning needs to service providers. In the future, the demand for 3D scanning service providers would increase as more and more manufacturing companies seek to outsource the work to these service providers to reduce measurement times and measurement uncertainty and to improve the overall stability of the process. Looking ahead, the growth momentum of the 3D scanners market is expected to continue, against a backdrop of increasing use of technology in various established and emerging applications. Following

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