USD 4.39 billion
Report ID:
SQMIG45I2079 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
176
|Figures:
83
3D Scanning Market size was valued at USD 4.39 billion in 2019 and is poised to grow from USD 4.71 billion in 2023 to USD 8.22 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
3D scanning helps to digitally recreate information about real elements in the simulated world with the correct dimensions by capturing raw data as point cloud information and converting it into computer-aided design (CAD). It checks the entire product form against the initial CAD template and quickly detects variations in data displayed on a color map with 3D variations. As a result, it is used in the automotive, aerospace, and manufacturing industries worldwide. Design engineers and technicians use 3D scanning to speed up the decision-making process in product development and plant construction and operations. The market is expected to be driven by emerging trends including Mixed Reality (MR), the Internet of Things (IoT), and the growing use of wearable technology in aerospace and automotive manufacturing. The convergence of these technologies has the potential to improve interactive and immersive experiences. A growing number of advanced wearable gadgets, along with portable and powerful 3D scanners, have the potential to make human-technological interaction more immersive, realistic, and useful in production processes.
3D scanning technology has evolved into an important component of today's quality control and inspection systems in the manufacturing sector. The industrial sector is facing various problems such as safety, schedule and cost exceeding budget constraints due to inadequate and incorrect dimensional control techniques. Recent technological developments in the hardware and software sectors have changed the design industry to a great extent. Increased user expectations to experience a product in a real-world setting have led to the development of 3D scanning and printing technologies that give a strong illusion of a real-life experience while portraying a less retro-produced aesthetic. Due to the realistic depiction of product design during production, it is more profitable for existing vendors to attract large customers through dynamic design. However, graphics and picture rendering are important to provide an enhanced 3D display. Innovative technologies, such as 3D effects and interactive visuals, present the user with a synchronized experience.
Furthermore, limitations occur due to the restrictions of the equipment/components used. To ensure the smooth operation of the scanner, the components required for its construction, such as lenses and other electronic components, must be defect-free and reliable. Many trials and errors were made to improve the performance of the scanning system. All these technological advancements require huge investments. Investing in R&D processes and high-cost components to achieve greater precision, accuracy, and reliability requires huge investments, ultimately increasing the cost of the product.
US 3D Scanning Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 4.39 billion
Largest Segment
3D laser scanners
Fastest Growth
3D laser scanners
Growth Rate
7.2% CAGR
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Global 3D Scanning Market is segmented on the basis of product, component, application, type, end-user, range, and region. By product, the market is segmented into 3D laser scanners, 3D structured light scanners, 3D optical scanners, and others. By component, market is segmented into hardware, software, and services. By type, market is segmented into the desktop, tripod mounted, fixed Coordinate Measuring Machine (CMM) based, and portable CMM based. By end-user, market is segmented automotive, aerospace and defense, healthcare, architecture and construction, and other aligned end-user fields. By application, market is segmented into reverse engineering, quality control and inspection, virtual simulation, and others. By range, market is segmented into short-range, medium-range, and long-range 3D laser scanning operations. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
3D Scanning Market Analysis by Product
In 2021, the laser-based 3D scanner segment accounted for the largest share of the revenue. This is due to the ability of this scanner to capture huge amounts of data in seconds. These scanners are used not only in professional surveys but also to provide more reliable information as they are suitable for scanning sensitive situations and things. Also, these scanners are employed in automotive, medical, and other industries. Quality inspection, stress analysis, re-engineering design, and designing aircraft models are some of the primary applications that drive the segment's revenue.
The structured light 3D scanner segment is expected to grow at a significantly faster rate during the forecast period. This is due to the increasing use of structured light 3D scanners in the field of geometrics, which enable mine survey teams to obtain accurate measurements of mined areas and volumes as well as accurate representations of surface and subsurface conditions for mine planning. Structured lighting technology is increasingly being adopted by manufacturers as it is able to scan and collect the surroundings in seconds with improved accuracy and efficiency.
3D Scanning Market Analysis by End-User
In 2021, the automotive category had the highest revenue. In the automobile industry, 3D scanning is commonly used to inspect car and engine components. It is also used in full-body automobile inspection and to ensure precision and accuracy in various processes in vehicle manufacturing plants. 3D scanners are used by both manufacturers and suppliers to increase efficiency. Automobile manufacturers also use 3D scanners for various applications such as pilot plant metrology, assembly line setup, automotive inspection, full-vehicle safety inspection, etc. 3D scanners are used in the aerospace field to inspect airplane components and turbine blades. Apart from that, the automobile industry uses laser scanning to collect detailed 3D data of aircraft and their fuselage to develop CAD models. Additionally, industrial scanners are used to detect hidden faults, defects, or malfunctions in aircraft components. Engineers and technicians can quickly diagnose faults for additional maintenance and repairs.
The architecture and construction segment is projected to grow at a rapid pace during the forecast period due to increasing demand for 3D scanning solutions in the construction sector globally. In general, government agencies are implementing large-scale transport infrastructure development projects for economic development, leading to growth in the fields of architecture and engineering. The number of residential and commercial development projects in urbanized areas is increasing. Architects use these tools to survey the area before starting construction. Scanning technology is also used to validate 3D models developed during the design process. The growing acceptance and use of Building Information Modeling (BIM) technology by design, engineering, and construction professionals is predicted to drive the industry.
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In 2021, North America accounted for the highest revenue share in the 3D scanner market. This is due to increased R&D activities as well as the implementation of such technologies in numerous end-use sectors. Also, countries such as the United States and Canada are likely to witness significant growth as a result of favorable government regulations encouraging the manufacture of 3D scanners in these countries. The Manufacturing Extension Partnership (MEP) National Network is an organization in the United States that collaborates with the nation's government to deliver comprehensive technology solutions, thereby increasing market income. Additionally, manufacturers are increasingly using laser scanning technology for quality control of various geometries. Apart from that, airport screening is emphasized in the region, as are security and surveillance applications contributing to the market revenue growth in this region.
The market in Asia-Pacific is expected to grow at the fastest rate in terms of value during the forecast period. This could lead to a growing demand for smarter and more efficient 3D scanner manufacturers in the region. Companies in this sector are constantly implementing new technologies through product development to improve market usability and revenue growth. Growing industrial sectors including automotive, healthcare, consumer electronics, and aerospace have increased the demand for 3D scanners for inspection, analysis, and quality control in the manufacturing of such items. Furthermore, nations such as South Korea and China have shown a significant demand for micro-level inspection for consumer electronic goods, which is expected to boost market revenue in these regions. In addition, Japanese automotive manufacturers are focusing on the use of Advanced Driver Assistance Systems (ADAS). These systems are meant to ensure safety, comfort, and efficiency while driving which indirectly creates opportunities and increases market revenue in this region.
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3D Scanning Market Drivers
Product Lifecycle Management requires 3D scanning
3D Scanning Market Restraints
High Initial Cost of 3D Scanning Solutions
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Global 3D Scanning Market is highly competitive and fragmented. To gain a considerable percentage of market shares, key industry players are focusing on product development, new product launches, and geographical expansions. Manufacturers usually distribute their products through direct sales channels. They do, however, advertise their products through independent Original Equipment Manufacturers (OEMs), Value Added Resellers (VARs), consultants, distributors, and system integrators. Vertical integration is a tactic that organizations can use to have more control over their cost and procurement activities.
3D Scanning Market Top Player’s Company Profiles
Hexagon AB
Nikon Metrology NV
Topcon Corporation
Creaform Inc.
ZEISS Group
Renishaw plc
Artec 3D
GOM GmbH
Perceptron, Inc.
Riegl Laser Measurement Systems GmbH
Shining 3D Tech Co., Ltd.
Z+F GmbH
Leica Geosystems AG
Maptek Pty Ltd
Nextengine, Inc.
Basis Software Inc.
Teledyne Technologies Incorporated
3D Scanning Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global 3D Scanning Market analysis, by product, in 2021, the laser-based 3D scanner segment accounted for the largest share of the revenue. This is due to the ability of this scanner to capture huge amounts of data in seconds. In 2021, the automotive category had the highest revenue. In the automobile industry, 3D scanning is commonly used to inspect car and engine components. In 2021, North America accounted for the highest revenue share in the 3D scanner market. This is due to increased R&D activities as well as the implementation of such technologies in numerous end-use sectors. The market in Asia-Pacific is expected to grow at the fastest rate in terms of value during the forecast period. This could lead to a growing demand for smarter and more efficient 3D scanner manufacturers in the region.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 4.39 billion |
Market size value in 2031 | USD 8.22 billion |
Growth Rate | 7.2% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
3D Scanning Market Recent Developments
|
Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the 3D Scanning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Scanning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Scanning Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Scanning Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
3D Scanning Market size was valued at USD 4.39 billion in 2019 and is poised to grow from USD 4.71 billion in 2023 to USD 8.22 billion by 2031, growing at a CAGR of 7.2% in the forecast period (2024-2031).
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Report ID: SQMIG45I2079
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