The global 3D Scanning Market is estimated to be valued at USD 2100.0 Mn in 2022 and is expected to exhibit a CAGR of 19.2% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.
A) Market Overview:
3D scanning is a technology that captures the three-dimensional attributes of objects and converts them into digital models. It offers precise measurements, detailed texture mapping, and accurate reproduction of real-world objects. The market for 3D scanning is driven by the need for high-quality 3D models in various industries, such as manufacturing, healthcare, architecture, and entertainment.
B) Market Key Trends:
One key trend in the global 3D scanning market is the increasing adoption of 3D scanners in the healthcare industry. Medical professionals are utilizing 3D scanning technology for applications such as prosthetics and orthotics, dental restoration, and surgical planning. For example, 3D scanning is used to create customized prosthetic limbs that perfectly fit an individual’s anatomy, leading to improved comfort and mobility.
C) PEST Analysis:
– Political: Government initiatives to promote advanced manufacturing technologies and digitization are supporting the growth of the 3D scanning market.
– Economic: Increasing investments in research and development activities and the adoption of 3D scanning solutions by various industries are driving market growth.
– Social: Growing demand for personalized consumer products and the need for efficient quality control processes are fueling the adoption of 3D scanning.
– Technological: Advancements in 3D Scanning Market technologies, such as handheld scanners and laser triangulation, are enhancing the accuracy and efficiency of the scanning process.
D) Key Takeaways:
In terms of market size, the global 3D scanning market is expected to witness high growth, exhibiting a CAGR of 19.2% over the forecast period. This growth can be attributed to factors such as increasing demand for 3D scanning in various industries and advancements in technology. For example, the automotive industry utilizes 3D scanning for reverse engineering, quality control, and virtual prototyping.
In regional analysis, North America is anticipated to be the fastest-growing and dominating region in the global 3D scanning market. The presence of key players in this region, along with the strong adoption of advanced technologies, is driving market growth.
Key players operating in the global 3D scanning market include Trimble Inc., 3D Systems Inc., ShapeGrabber Inc., Creaform, Hexagon AB, GOM, 3D Digital Corp, Faro Technologies Inc., Autodesk, Inc., Topcon Corporation, and Maptek Pty Ltd. These companies are focusing on strategic collaborations and product innovation to gain a competitive edge in the market.
In conclusion, the global 3D scanning market is poised for significant growth, driven by advancements in technology and increasing adoption across various industries. The healthcare sector, in particular, is witnessing a rise in the utilization of 3D scanning for personalized medical devices. North America is expected to be the fastest-growing region, and key players are taking strategic measures to maintain their market dominance.