3D Scanning Market to Rise at 10.2% CAGR till 2026; High Investments Have Allowed Applications Across Diverse Industry Verticals

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.

3D scanning or 3 dimensional scanning is used across diverse industry verticals including healthcare, automotive, automobile, and entertainment. The concept is gaining massive popularity among several companies across the world. The increasing investments being made in the development of 3D integrated systems will aid the growth of the overall market in the coming years. The ease of use offered by 3D scanning has fuelled the demand for the product across the world. The ability of this concept to streamline documentation in several industries has contributed to the growing demand for 3D scanning across the world. Increasing number of product launches will have a huge impact on the growth of the overall market in the forthcoming years.

Creaform Adds ACADEMIA 50 Scanner to its Educational Suite

The report includes a few of the factors that have contributed to the growth of the market in recent years. It includes major industry developments of recent years. It highlights leading companies across the world and discusses latest strategies adopted by these companies. It further discusses the impact that these companies have had on the global market. In September 2019, Creaform announced that it has a new 3D scanner to its educational suite. The company announced that it will be adding Academia 50 3D scanner to its Academia educational suite. The company’s latest product will not just help the company grow but will also have a direct impact on the growth of the market in the foreseeable future.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/3d-scanning-market-102627

Applications of 3D Scanning in PLM Will Aid Growth

Among all factors that have contributed to the growth of the market, applications in product lifecycle management have made a massive impact on the growth of the market. Accounting to the exceptional properties offered by 3D scanning, companies are focusing on its use in every stage of PLM including design, developments, manufacturing, and servicing. In PLM, 3D scanning can offer ease of use such as rapid prototyping, efficient testing, and computer-aided design. Besides this, it simplifies testing and analysis, significantly reducing the total time as well as costs of the overall process cycle. The growing investment in the integration of 3D scanning in PLM will bode well for the market in the coming years.

Major Companies are Focused on Adopting Organic and Inorganic Strategies

The 3D scanning market derives growth from the presence of several large scale companies present across the world. With a bid to stay competitive in such a healthy competition, companies are looking to adopt organic as well as inorganic strategies. Major companies such as Artec Europe, CREAFORM, and THOR3D are focusing on adopting 3D scanning strategies that will help them stand out from the rest. A few 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:

• June 2019 - Creaform released Pipecheck 5.1, an upgraded version of non-destructive testing (NDT) software. The product will be used for pipeline integrity inspections in the oil and gas industry.

The global 3D scanning market is segmented on the basis of: