3D Scanning Market to Derive Growth from the Increasing Number

3D Scanning Market to Derive Growth from the Increasing Number of Product Launches Across the World

Pune, June 02, 2020 (GLOBE NEWSWIRE) -- The global 3D scanning market size is projected to reach USD 10.90 billion by the end of 2026. The applications of 3D scanning across diverse industry verticals have had a huge impact on the growth of the market. According to a report published by Fortune Business Insights, titled “ 3D Scanning Market Size, Share & Industry Analysis, By Component (Hardware, Software), By Range (Short Range, Medium Range, Long Range), By Device (Portable, Stationary), By Application (Reverse Engineering, Quality Control and Inspection, Rapid Prototyping, Full Body Scanning, Gaming, Others), By End-User (Aerospace and Defense, Healthcare, Automotive, Architecture and Construction, Industrial Manufacturing, Entertainment and Media, Others), and Regional Forecast, 2019-2026,” the market was worth USD 5.02 billion in 2018 and will exhibit a CAGR of 10.2% during the forecast period, 2019-2026.

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An Overview of the Impact of COVID-19 on this Market:

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

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3D scanning or 3-dimensional scanning is a concept that is extensively used in numerous industry verticals across the world. The concept offers ease of operations in several manufacturing processes and streamlines several stages in the manufacturing cycle. The high investment for incorporation of 3D scanning in automated processes by major companies across the world will emerge in favor of the companies across the world. The growing demand for automated 3D scanning processes will create several growth opportunities for the market in the foreseeable future. The diverse applications of 3D scanning have opened up a huge potential for the market.

Increasing Number of Product Launches Will Aid Growth

The report encompasses several factors that have contributed to the growth of the market in recent years. Among all factors, the increasing number of product launches by major companies has made a huge impact on the growth of the market. In June 2018, Creaform announced the launch of a new portable 3D scanner. The company introduced Pipecheck 5.1, an upgraded version of non-destructive testing software. The product will be used for pipeline integrity inspections in the oil and gas industry. The company’s latest portable 3D scanner will help the company generate massive sales in the coming years. Furthermore, due to the huge consumer reach of the company, this product will have a positive impact on the growth of the overall market in the foreseeable future.

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List of the leading companies that are operating in the global 3D scanning market include:

CyberOptics Corporation
NeoMetrix Technologies, Inc.
Exact Metrology
Faro Technologies, Inc.
GOM GmbH
3D Systems, Inc.
Autodesk, Inc.
Quality Vision International
Maptek Pty Ltd.
Topcon Corporation
Hexagon AB
Trimble, Inc.

Industry Developments:

September 2019 – Creaform announced the addition of a new version of 3D scanner to its ACADEMIA educational solution suite.

Regional Analysis-

North America Dominates the Market; Focus on Integrating 3D Scanners in Machinery to Aid Growth

The report analyzes the ongoing 3D scanner market trends across North America, Latin America, Asia Pacific, the Middle East and Africa, and Europe. Among these regions, the market in North America currently dominates the market. The focus on integrating 3D scanners in machinery and automated equipment by major companies will aid the growth of the regional market. As of 2018, the market in North America was worth USD 1.64 billion and this value is projected to increase further in the coming years. The market in Europe will emerge as the second largest market in the coming years driven by increasing applications of the concept across diverse industries.

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Detailed Table of Content

Introduction
- Definition, By Segment
- Research Approach
- Sources
Executive Summary
Market Dynamics
- Drivers, Restraints, and Opportunities
- Emerging Trends
Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
Global 3D Scanning Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
  - By Component (Value)
    - Hardware
      - Laser Scanner
      - Structured Light Scanner
      - Optical Scanner
    - Software
  - By Range (Value)
    - Short Range
    - Medium Range
    - Long Range
  - By Device (Value)
    - Portable
    - Stationary
  - By Application (Value)
    - Reverse Engineering
    - Quality Control and Inspection
    - Rapid Prototyping
    - Full Body Scanning
    - Gaming
    - Others
  - By End-User (Value)
    - Aerospace and Defense
    - Healthcare
    - Automotive
    - Architecture and Construction
    - Industrial Manufacturing
    - Entertainment and Media
    - Others
  - By Region (Value)
    - North America
    - Europe
    - Asia Pacific
    - Middle East and Africa
    - Latin America

TOC Continued…!!!

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