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    3D Scanner Market Estimated to Surpass $13.59 Billion Mark by 2026
    (I-BusinessNews.Com, May 11, 2021 ) The global 3D Scanner Market is estimated to surpass $13.59 billion mark by 2026 growing at an estimated CAGR of more than 3.9% during the forecast period 2021 to 2026. 3D scanners emit laser to measure and capture size and shape of free form to generate accurate “cloud points which are then recognized by specialized software on computer for further probe or study. This is suited for probing of contoured surface and complex geometries which require accurate data for study, development, and various other respective purposes. 3D Scanners initially were introduced in large sizes, and with continuous up gradation sizes of these devices are now have shrunk by many fold and can now be handheld. This has enabled the manufacturers and related business parties to achieve economies of scale. Furthermore, this has led to reduction in prices of such devices, which has led the industry to observe increase in demand of the same, and therefore, expansion in its applications.



    3D Scanner Market Segment Analysis - By Technology



    Laser Triangulation has dominated the 3D Scanner Market as compared to the other technologies. 3D Scanners have a range limitation where in all the scanners cannot scan objects at all the distance. Therefore scanners with various ranges like short-range scanners, medium-range scanners and long-range scanners employ different technologies like Laser triangulation, Structured light technology, Pattern fringe technology. Each of these scanners can scan an object up to certain distances like less than 1 meter, between 1 meter to 150 meters and when the distance is more than 2 meters. The technologies employed in these scanners vary depending on the range of the device. Short-range devices use Laser triangulation, structured light technology and pattern fringe triangulation technology whereas for medium-range and long-range devices phase based and pulse based techniques like Terrestrial phase-based laser scanning and Terrestrial time-of-flight laser scanning for long range are being used.



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    3D Scanner Market Segment Analysis - By End Use Industry



    The 3D scanning market is exhibiting high growth due to increased adoption in education and consumer electronics industries as well as a launch of new products with improved functionality and features. Re-engineering is a process in which the products are replicating with respect to the existing products. While re-engineering products, 3D scanners are playing a vital role and used to record precise measure geometry of the entity/product by using lasers or structured light. Millions of data pointers are recorded by the 3D scanners in milliseconds that are known as ‘point-clouds’. Further, the data pointers are used by the 3D software to produce 3D-depiction of a scanned entity for higher enhanced throughput, productivity, inspection, modification and in-depth analysis.



    3D Scanner Market Segment Analysis - By Geography



    North American region dominated the global 3D Scanner market with a share of over 37% in 2020. Huge presence of automotive, medical, architectural and historical industries in the region and increasing scope of 3D scanning application in these areas is fuelling the market growth. The APAC region is poised to grow at a very high CAGR due to the high adoption of 3D scanning, particularly laser scanners for consumer products designing. The increasing innovation in technology and growing awareness regarding the capabilities of 3D scanning are set to propel the adoption. The Europe region is projected to exhibit slow growth as economic uncertainty combined with low growth in manufacturing and automotive sectors hinders the market. The manufacturing sector was the highest demand generator in 2020 accounting for 24% of the global sales in terms of revenue. The manufacturing sector would further witness huge demand especially from countries such as India, China, and South Korea, given the rising manufacturing sector.



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    3D Scanner Market Drivers



    Growing Miniaturization driving adoption



    Earlier, 3D Scanners were large in sizes and cost was high, and therefore, the sales and revenue generated from them was low. This challenged initiated the researchers to develop scanners which were smaller in sizes, and could be manufactured at lower costs. Continuous Research & development has enabled the players not only to decrease the size of the product but also to reduce the cost and achieve economies of scale in manufacturing. This has led to a decline in prices, and has consequently boosting the sales and scope of the market. Furthermore, this has led in gaining popularity amongst the individual users and freelancing programmers and designers.



    Risk Mitigation creating new applications for 3D Scanners



    Risk mitigation is the foundation for a successful capital project execution. While implementing the projects, the costs or schedule are bound to overrun due to either inadequate documentation or control procedures. 3D scanning is hence a proven method for containing such risk factors for a brownfield project or revamping projects along with deployment of modular construction methods where schedule sensitivity is an inevitable requirement. Laser Scanning has been instrumental in reducing the installation costs by 6-8% and schedule contraction by 10%. Apart from containing such costs and schedule factors, 3D scanning has become a vital aspect in analysing the design and engineering plans to evaluate conflicts in the existing conditions along with better alternatives. Moreover, the 3D scanning methods ensures that project stakeholders are equipped with better situations to be compliant with the safety and regulatory measures.



    3D Scanner Market Challenges



    High Cost of 3D Scanners



    The major challenge for the growth of the 3D Scanners market is regarding cost issues, However, existing industrial 3D solutions are often too complex and expensive for many "simple" 3D applications. The price of the 3D scanners is typically more than $20,000 which makes it difficult for the industries to buy at a very high cost. 3D Scanners are available in the market at a highly expensive, so they are acquiring demand from a very limited section of the market. Therefore, the sales of the market are less when compared to the other camera technologies, primarily due to the cost factor despite the improved capability. Thus, the market for 3D Scanners will be largely limited to complex applications where 3D Scanners are a necessity rather than a feature. This will hinder the market in the short run. However with the price of 3D Scanners dropping due to miniaturization in particular, the market will find significant adoption in the long term.



    Market Landscape



    Product launches, acquisitions, and R&D activities are key strategies adopted by players in the 3D Scanner Market. Konika-Minolta, Nikon, Microsoft, Carl-Zeiss, David Laser scanner, MakerBot, Intel, Artec3D, Faro and others are considered to be the key players of the 3D Scanner Market.



    Acquisitions/Technology Launches/Partnerships



    SR3, a product by Maptek Pty Ltd. has launched a new 3D scanner which is very light weight can scan and captures all the surfaces in all the directions which is designed for mining. A new functionality in this product is it allows the users to import CAD mine strings as well as the surfaces to view together with scans.



    The Transportation Security Administration has launched a new technology to replace aging x-ray scanners with new 3D scanners. This new technology will be implemented in the airports for bags scanning. It has launched the first scanner with this technology in the John F Kennedy International Airport.



    Key Takeaways



    Increase in research and development in the field of Augmented Reality & Virtual Reality is broadening the scope of 3D Scanner applications aiding the growth of the market.



    3D scanners are lately witnessing demand from monitoring and maintenance purposes. Original or correct designs are scanned and stored on a computer with the help of specialized software supporting 3D scanning. This would be later used to continuously track any kind of deformation or leakages in the structures. These scanners are majorly used in monitoring of airplanes, gas pipelines, etc. which require high precision monitoring. If any changes are found with the original design, then it is flagged immediately and necessary improvements or changes are implemented.



    3D Scanning is trending amongst artists and art historians. The artefacts or subjects are scanned to create reproducible 3D printed versions and for the purpose of archiving them electronically. Curation of those designs is also now becoming popular amongst the concerned people from this industry. These digital designs enable any form of cultural asset to be measured, classified, and shared amongst the communities and researchers.



    Related Reports :



    A. 3D Camera Market

    https://www.industryarc.com/Report/15306/3d-camera-market.html



    B. IP Camera Market

    https://www.industryarc.com/Report/18577/ip-camera-market.html



    For more Electronics Market reports, please click here



    About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.

    IndustryARC

    Venkat Reddy

    (+1) 970-236-3677

    venkat@industryarc.com

    Source: EmailWire.Com

    Source: EmailWire.com

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