PUBLISHER: The Business Research Company | PRODUCT CODE: 1435622
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435622
3D scanning pertains to the technology of imaging devices that capture real-world object distance point measurements and transform them into a virtual 3D representation. This process is employed to generate 3D models of tangible objects in the real world. 3D scanning offers users precise measurements and enables comprehensive utilization, visualization, and modification of data acquired through a 3D scanner by capturing multiple snapshots of an object. The primary objective of 3D scanning is to envision the final product details before initiating the manufacturing process.
The primary categories of 3D scanning include optical scanners, laser scanners, and structured light scanners. Optical scanners are computer input devices that directly scan codes, text, or graphic images into a computer or computer system using a light beam. These 3D scanning technologies come with a range of offerings, including hardware, software, and services. They find applications in diverse industries such as entertainment and media, aerospace and defense, healthcare, civil and architecture, industrial manufacturing, and others.
The 3D scanning market research report is one of a series of new reports from The Business Research Company that provides 3D scanning market statistics, including 3D scanning industry global market size, regional shares, competitors with 3D scanning market share, detailed 3D scanning market segments, market trends, and opportunities, and any further data you may need to thrive in the 3D scanning industry. This 3D scanning market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The 3D scanning market size has grown strongly in recent years. It will grow from $5.34 billion in 2023 to $5.81 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth observed in the historical period can be attributed to an increased demand in healthcare, automotive, and aerospace applications, as well as the entertainment and gaming industry, along with efforts in cultural heritage preservation.
The 3D scanning market size is expected to see strong growth in the next few years. It will grow to $8.31 billion in 2028 at a compound annual growth rate (CAGR) of 9.4%. The anticipated growth in the forecast period can be attributed to the influence of Industry 4.0 and smart manufacturing, prevailing e-commerce and customization trends, the adoption of automated inspection and quality assurance practices, and advancements in healthcare. Key trends expected in the forecast period encompass the integration of augmented reality (AR), advancements in lidar technology, the use of portable and handheld scanners, increased automation in post-processing, and a focus on environmental and cultural heritage preservation.
The anticipated surge in demand for virtual reality (VR) and augmented reality (AR) is poised to drive significant growth within the 3D scanning market. Virtual reality involves the creation of immersive 3D environments using advanced computer technology, enabling users to experience seemingly real objects and scenes. 3D scanning plays a pivotal role by translating real-world objects and environments into the virtual realm, allowing remote access and interaction. As an example, the International Data Corporation (IDC), a US-based media, events, and research company, reported a staggering 241.6% increase in global VR headset shipments during the first quarter of 2022 compared to the corresponding period in the previous year. This robust demand for VR headsets signifies a growing market, indicating a substantial upsurge in the need for virtual reality experiences. Consequently, the escalating interest in virtual reality and augmented reality is poised to act as a catalyst, propelling the expansion of the 3D scanning market.
The anticipated growth in the automotive sector is poised to significantly drive the expansion of the 3D scanning market in the foreseeable future. The automotive industry encompasses various facets such as vehicle production, design, development, sales, and associated services spanning cars, trucks, motorcycles, and related components. Within this industry, 3D scanning technology plays a crucial role in creating precise digital replicas of physical automotive parts. These digital replicas serve as instrumental tools for improving design processes, ensuring quality control, and expediting prototyping activities. By utilizing 3D scanning, automotive professionals can accurately capture intricate geometries of components, aiding in the development of customized parts and streamlining manufacturing operations. For example, in December 2023, MarkLines Co. Ltd., a US-based provider of online information services catering to the automotive industry, reported an upsurge in US new vehicle sales. The sales figures revealed a notable 2.6% increase from October 2023 and an impressive 8.8% rise from November 2022. Therefore, the upward trajectory of the automotive industry is expected to serve as a significant catalyst, propelling the growth trajectory of the 3D scanning market. This increased activity within the automotive sector underscores the importance and application of 3D scanning technology in advancing efficiency and innovation within automotive design and manufacturing processes.
The 3D scanning market is witnessing increased traction due to the prominent trend of technological advancement. Key players within this sector are directing their efforts towards the development of cutting-edge technological solutions aimed at fortifying their standing in the market. For example, in October 2021, API Metrology, a company based in the United States renowned for its expertise in 3D measurements and high-volume metrology solutions, introduced iScan3D, a handheld metrology-grade 3D scanner utilizing laser technology. This scanner boasts enhanced optics and blue-crossed laser lines, facilitating the rapid and precise generation of a metrology-grade point cloud. The integrated process controller within iScan3D seamlessly interacts with API's Radian Six Degrees of Freedom (6DoF) Laser Tracker, ensuring meticulous supervision of scanning positions and delivering exceptionally high-precision measurement and scanning capabilities.
Leading enterprises in the 3D scanning sector are prioritizing inventive solutions such as high-precision optical tracking devices to gain a competitive advantage by augmenting precision and adaptability across a wide array of industrial applications. These high-precision optical tracking devices commonly leverage cameras and sensors to accurately capture and monitor the movement and positioning of objects or surfaces within three-dimensional space. For instance, in November 2023, Scantech, a United States-based company specializing in 3D scanning, introduced the TrackProbe. This innovative system combines the benefits of optical tracking and probing technology, enabling precise measurements of intricate geometries and features with remarkable accuracy and efficiency. Comprising the handheld i-Probe and the cutting-edge optical tracker i-Tracker, the TrackProbe 3D probing system is engineered for metrology-grade measurements. Its exceptional precision, portability, and user-friendly design ensure top-notch measurements for components within expansive measurement volumes, across considerable distances, and even in challenging environmental conditions. This system empowers users to conduct 3D measurements with unparalleled accuracy and versatility.
In January 2021, Cox, a cable television company based in the United States, completed the acquisition of Fyusion for an undisclosed sum. Cox's objective with this acquisition was to facilitate the swift scanning of used cars for auto dealers. Additionally, the collaboration between Fyusion and Cox aimed to offer customers precise reports on vehicle damage, leveraging AI-driven 3D imagery technology. Fyusion, a US-based company specializing in AI-powered 3D imaging, focuses on creating innovative products in this field.
Major companies operating in the 3d scanning market report are Carl Zeiss AG, Konica Minolta Inc., Hexagon AB, Wayland Additive Ltd., Autodesk Inc., Nikon Corporation, Trimble Inc., Topcon Corporation, Jenoptik AG, 3D Systems Corporation, FARO Technologies Inc., Mimetrik Solutions Limited, Path Robotics Inc., Maptek Pty Ltd., Creaform Inc., CyberOptics Corporation, Blickfeld GmbH, Artec 3D, Scantech International Pty Ltd., InspecVision Ltd., Skycatch Inc., ScanLAB Projects Ltd., 3D Digital Corporation, ShapeGrabber Inc., Imerso AS, OR3D Ltd., Astrivis Ltd., Nanosurf AG, Direct Dimensions Inc., GOM GmbH
North America was the largest region in the 3D scanning market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3D scanning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the 3D scanning market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The 3D scanning market consists of revenues earned by entities by providing photogrammetry and laser-based 3D scanner. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
3D Scanning Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 3d scanning market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 3d scanning ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 3d scanning market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of covid 19 on supply chains and consumption patterns.