Global 3D Scanning Market

3D Scanning Market Size, Share, Growth Analysis, By Product(3D Laser scanners, 3D structured light scanners, 3D optical scanners, and others), By Component(Hardware, software, and services), By Application(Reverse engineering, quality control and inspection, virtual simulation, and others), By Type(The desktop, tripod mounted, fixed Coordinate Measuring Machine (CMM) based, and portable CMM based), By End-User(Automotive, aerospace and defense, healthcare, architecture and construction), By Range(Short-range, medium-range, and long-range 3D laser scanning operations), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45I2079 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 176 | Figures: 83

3D Scanning Market Insights

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.

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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 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 Systems, Inc. ', ' Faro Technologies, Inc. ', ' Hexagon AB ', ' Trimble Inc. ', ' 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 ', 'In October 2022, FARO Technologies, Inc. announced the Focus Core Laser Scanner would go on sale. The scanner offers great data quality, precision, and capture efficiency for professional applications. Each scan takes less than a minute.', 'In September 2022, Creaform announced the launching of Peel 3 and Peel 3 CAD delivering great adaptability, performance, and affordability.', 'In July 2020, Trimble Inc. announced the addition of the Trimble X12 scanning system to its geospatial scanning range. Modern 3D laser scanning and image hardware technology is integrated with this scanner to capture data precisely and for in-field registration.', 'In February 2020, Artec 3D introduced professional 3D scanners and the Geomagic 3D education software suite for schools, universities, and research organizations. Engineering, manufacturing, art and computer graphics, architecture, history and heritage preservation, medical, and science are just a few of the courses that use 3D scanners and software.'

Companies consider 3D scanning a critical tool in all phases of the Product Lifecycle Management (PLM) process, including the concept, design, manufacturing, and servicing phases. Scanning is used in the concept phase of PLM to determine requirements and specifications, concept designs, and prototypes. It is used in the design stage for rapid prototyping, computer-aided design (CAD), testing, simulation, and analysis. This tool is used in the design, assembly and manufacturing, and quality control in the production phase. It is used for documentation, maintenance, repair, and replacement as well as reuse and restoration of parts throughout the servicing phase. This increasing use or implementation of 3D scanning in PLM processes complements the growth of the market.

Increasing developments in 3D scanning technology are one of the primary factors driving the growth of the market. Also, medical professionals traditionally measure body size and shape by hand or gadgets to diagnose health conditions and decide on therapy. However, this technology allows the recording of 3D data without physical contact and, as a result, has a wide range of applications in the healthcare industry. It contributes to the manufacturing of medical products such as custom-made prosthetics, precision surgical blades, braces, implants, and wheelchairs. This technique can be used in conjunction with computed tomography (CT) and magnetic resonance imaging (MRI) to improve patient care. Aside from that, 3D scanning technology is used in education since it promotes interaction and allows students to experiment with modeling major academic issues in the biological sciences such as topography, bodily processes, and molecules. Additionally, 3D scanners detect an object's smallest detail, record free-form, and provide precise cloud points for complex geometry and circular surface items. This, combined with the booming media and entertainment industry, is driving the market growth.

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.

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Global 3D Scanning Market

Report ID: SQMIG45I2079

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