3D Scanner Market Aims High Targeting Almost US$ 5 Billion by 2032

The worldwide 3D scanner market achieved a market value of US$ 1.23 billion in 2021 and is poised to exhibit a noteworthy Compound Annual Growth Rate (CAGR) of over 15% during the evaluation period from 2022 to 2032, reaching a market value of US$ 5 billion.

Since the inception of 3D scanners, global demand has primarily emanated from sectors such as industrial manufacturing and construction, primarily for purposes related to quality control, surveys, and inventory management. Nevertheless, as prices have progressively decreased in recent years, the global 3D scanner market has expanded not only in terms of value but also in volume, extending its reach into specialized industries, including healthcare, entertainment and media, as well as consumer goods.

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3D Scanner Market – Key Driving Factors

• In developed regions, the demand for 3D scanners is on the rise, driven by digitization and automation.

• The market growth in South Asia & Oceania is experiencing a boost, thanks to the proliferation of end-use industries and prominent manufacturers.

• The ongoing expansion of production facilities is expected to remain a key driver of growth in the 3D scanner market.

• The increasing appetite for analysis software and computer-aided modeling is poised to be a favorable factor propelling the growth of the 3D scanner market throughout 2029.

Competitive landscape:

Prominent manufacturers of 3D scanners are capitalizing on their growth opportunities by introducing new product lines tailor-made for specific industries. Moreover, they are also focusing on enhancing existing product lines by adding additional features.

  • In July 2020, Faro Technologies Inc launched freestyle 2 portable scanner. The 3D scanner provides real-time visualizations that possess photorealistic reality capture capabilities
  • In June 2021 – Creaform announced the release of the latest version of its scanning platform called VXelement 9.0. Several features are added to improve the existing platform like VXscan, VXmodel, VXscan-R, and VXinspect to make scans faster, profitable and easier
  • In July 2021, Topcon Co. Ltd announced the acquisition of VISIA Imaging S; this acquisition will help the company improve capabilities in the manufacturing and development of fundus imaging equipment like th3D fundus imaging devices (OCTs) fundus cameras.

3D Scanner Market – Key Restraints

  • Several limitations associated with laser 3D scanner will limit market growth of this segment with development of structured light 3D scanners and optical 3D scanners.
  • Relatively high price point of 3D scanners is limiting the market growth.

Key Segments Covered in 3D Scanner Industry Analysis:

·         By Type:

  • Optical
  • Laser
  • Structured Light

·         By Configuration:

  • Handheld
  • Stationary
  • Cart Mounted
  • Shoulder Mounted

·         By End Use Industry:

  • Industrial Manufacturing
  • Healthcare
  • Consumer Products
  • Architecture & Construction
  • Entertainment & Media
  • Automotive
  • Other End Use Industries

·         By Application:

  • Quality Control & Inspection
  • Reverse Engineering
  • Virtual Simulation
  • Other Applications

·         By Technology:

  • Laser Triangulation-based 3D Scanners
  • Pattern Fringe Triangulation-based 3D Scanners
  • Laser Pulse Based-based 3D Scanners
  • Laser Phase-Shift based 3D Scanners

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How will be insights and market estimations provided in the Fact.MR report on the Demand of 3D Scanner make a difference?

  • The study takes a closer look at the major economic turmoil, with a focus on the recent COVID-19 pandemic disruptions
  • The assessment of key growth dynamics highlights the attractiveness of new automation technologies and offers readers insight on the prospect of these during the forecast period
  • The study tries to offer a balance perspective of the opportunities in mature and the most lackluster markets
  • Provides scrutiny of the industry trends that have shaped recent government policies
  • Provides an account of major breakthroughs in all segments that might change the course of the market considerably
  • Provides an incisive analysis of socio-political milieu in which the key markets operate, and how will that influence the lucrativeness of the overall 3D Scanner  Market
  • Analyzes how collaborations and partnerships among players from different industries shape the key growth dynamics in the near future
  • Evaluates the role of various stages of funding on new growth avenues in key regional markets

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