3D Scanning Market Outlook – 2030
The Global 3D scanning market size was valued at $3.72 billion in 2020, and is projected to reach $16.66 billion by 2030, registering a CAGR of 16.3% from 2021 to 2030.
A 3D scanning is an enhanced non-destructive, non-contact technology designed to digitally capture the shapes of physical objects and environment using a line of laser light. Further, 3D scanning technology saves time, money, & effort throughout the production process and also improves output quality. Essentially, 3D scanners employ laser, light, or x-rays to record the dimensions of actual items and create point clouds, which are then used to generate a 3D model of the scanned object using the software. Moreover, 3D printer scanner technology has significantly witnessed a rise across aerospace & military, automotive, healthcare, and others.
In addition, 3D laser scanner technology captures and represents physical objects in exact size and shape in three-dimensional. Moreover, the rise in penetration of next-generation virtual reality and augmented reality solutions across construction sectors is anticipated to offer significant growth opportunities for the 3D scanning market growth.
The 3D scanning market share is expected to witness notable growth during the forecast period, owing to surge in need for highly accurate 3D scanning. Furthermore, ongoing technological advancements in 3D scanning have driven the growth of the market. Moreover, increased need to capture large volumes of 3D data for modelling and analysis is expected to propel the market growth during the forecast period.
However, high price of high-resolution 3D scanners paired with dependence of market growth on non-3D businesses are some of the prime factors that restrain the 3D scanning market. On the contrary, structured light-based 3D scanning and growing 3D printing market generating demand are expected to provide lucrative opportunities for the growth of the market during the forecast period.
The outbreak of COVID-19 significantly impacted the growth of 3D scanning in 2020; however, the rise in demand for virtual reality and augmented reality solutions is expected to witness relatively high growth by the end of 2022. Nevertheless, the market was principally hit by several obstacles created amid the COVID-19 pandemic such as lack of skilled workforce availability and delay or cancelation of projects owing to partial or complete lockdown globally. In contrast, rise in penetration of 3D scanning solution across healthcare, construction, and commercial sectors drives the growth of the 3D scanning market during the forecast period.
By Type
Laser Scanner segment projected to be the most lucrative segment during 2021 - 2030
Segment Overview
The 3D scanning market is segmented on the basis of type, services, range, application, and region. Based on type, the market is categorized into optical scanner, laser scanner, and structured light scanner. The laser scanner segment dominated the market, in terms of revenue, in 2020, and is expected to follow the same trend during the forecast period. Through service, the 3D scanning industry is split into reverse engineering, rapid prototyping, quality inspection, and face body scanning. The reverse engineering segment was the highest revenue contributor in 2020, and is anticipated to garner significant market share during the forecast period.
By Services
Reverse Engineering segment will maintain the lead throughout the forecast period
By range, the market is segmented into short range, medium range, and long range scanner. The medium range segment dominated the market in 2020 and is anticipated to drive the market in coming years. On the basis of application, it is bifurcated into entertainment & media, aerospace & defense, medical & healthcare, civil & architecture, industrial manufacturing, and others. The medical & defense segment acquired the largest share in 2020, and BFSI segment is expected to grow at a high CAGR from 2021 to 2030.
By Range
Short Range Scanner segment will dominate the market during 2021 - 2030
Region-wise, the 3D scanning market trends are analyzed across North America (the U.S., Canada, and Mexico), Europe (the UK, Germany, France, Netherlands, and the rest of the Europe), Asia-Pacific (China, Japan, South Korea, Australia, and the rest of the Asia-Pacific), and LAMEA (Latin America, the Middle East, and Africa). North America, specifically the U.S, remains a significant participant in the global 3D scanning industry. Major organizations and government institutions in the country are intensely putting resources into the technology.
By Application
Healthcare segment lead the market with a highest CAGR of 17.9% during 2021 - 2030
Top Impacting Factors
Significant factors that impact the growth of the global 3D scanning industry include ongoing technological advancements in 3D scanning paired with surge in need for highly accurate 3D scanning. Moreover, growth in need to capture large volumes of 3D data for modeling and analysis is expected to drive the market opportunity. However, dependence of market growth on non-3D businesses coupled with high price of high-resolution 3D scanners acts as a prime barrier for early adoption, which hampers the growth of the market. On the contrary, growth in 3D printing market generates demand paired with structured light-based 3D scanning, which is expected to offer potential growth opportunity for the 3D scanning market during the forecast period.
By Region
LAMEA region will exhibit the highest CAGR of 20.5% during 2021 - 2030
Competitive Analysis
Competitive analysis and profiles of the top key players such as Faro Technologies Inc., Creaform Inc., Direct Dimensions Inc., GOM GmbH, Konica Minolta Inc., Nikon Corporation, Autodesk Inc., 3D Systems Inc., ShapeGrabber, and Maptek Pty Ltd. are provided in this report. These key players have adopted various strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to increase their market penetration and strengthen their foothold in the industry.
Key Benefits For Stakeholders
- This study comprises analytical depiction of the 3D scanning market size along with the current trends and future estimations to depict the imminent investment pockets.
- The overall market analysis is determined to understand the profitable trends to gain a stronger foothold.
- The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
- The current 3D scanning market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
- Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the smart display.
- The report includes the market share of key vendors and 3D scanning market trends.
3D Scanning Market Report Highlights
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Analyst Review
Globally, the 3D scanning industry has enormous development potential. The 3D scanning market, which is still in its early stages, has begun to contribute considerably to the broader three-dimensional construction industry. Furthermore, the contribution to the worldwide market is predicted to grow considerably in the coming years, owing to rise in demand for virtual reality and augmented reality. In addition, 3D scanning has witnessed a rise in the manufacturing and medical sectors, which is anticipated to drive market growth in the coming years.
The global 3D scanning market is highly competitive, owing to the strong presence of existing vendors. 3D scanning vendors, who have access to extensive technical and financial resources, are anticipated to gain a competitive edge over their rivals, as they have the capacity to cater to the market requirements. The competitive environment in this market is expected to further intensify with increase in technological innovations, product extensions, and different strategies adopted by key vendors.
Surge in demand for VR and AR solution across healthcare and construction sectors globally is driving the need to enhance 3D scanning solutions. Moreover, prime economics, such asthe U.S., China, UK, and Japan, plan to developand deploy next-generation 3D scanning solutions across various sectors. For instance, on August 24, 2020, Artec 3D, a leading developer and manufacturer of professional 3D scanners and software, announced the opening of their new office in China, to boost the sales and distribution of 3D scanning technology across Asia-Pacific, which is anticipated to provide lucrative opportunities for the market growth.
Among the analyzed regions, North America exhibits the highest adoption rate of 3D scanning and has experienced massive expansion of the market. On the other hand, Asia-Pacific is expected to grow at a faster pace, predicting lucrative growth due to emerging countries, such as China, Japan, and India, investing in these technologies. Regions, such as the Middle East and Latin America, are also expected to offer new opportunities in the 3D scanning market in future.
Globally, various key players and government agencies have invested in 3D scanning to make them compatible with various industrial platforms. For instance, on January 10, 2022, Sony Corporation, a leading developer of electronics solution, announced to file a patent for a 3D scanner that is designed to put real-world objects into virtual reality, which showcases lucrative growth opportunities for the market growth.
The key players profiled in the report include Faro Technologies Inc., Creaform Inc., Direct Dimensions Inc., GOM GmbH, Konica Minolta Inc., Nikon Corporation, Autodesk Inc., 3D Systems Inc., Shape Grabber, and Maptek Pty Ltd.
The 3D Scanning Market is anticipated to grow at a CAGR of 16.3% from 2021 to 2030.
The 3D Scanning Market is projected to reach $16.66 billion by 2030.
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Rise in need to capture large volumes of 3D data for modelling and analysis etc. boost the market growth.
The key players profiled in the report include Faro Technologies Inc., Creaform Inc., Direct Dimensions Inc., and many more.
On the basis of top growing big corporations, we select top 10 players.
The 3D Scanning Market is segmented on the basis of type, services, range, application, and region.
The key growth strategies of 3D Scanning market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.
Laser Scanner segment will grow at a highest CAGR of 16.7% during the forecast period.
Healthcare segment will dominate the market during 2021 - 2030.
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