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3D Scanning Market Size Projected to Exceed $4.9 Billion by 2020

3D ScanningThe speedy transition to a digital world has necessitated document scanning and the increasing use of related scanning equipment. Now there are sophisticated scanners that provide excellent quality output and help preserve data in a digital format. Digitized data allows easy access and sharing of important data. Digitization via document scanning and conversion is a valuable service reliable document scanning companies in the U.S offer. Now 3D scanning technology is becoming increasingly important in various business sectors.

3D scanning devices examine the real- world environment or objects and collect data on their shape and appearance. The collected data is used to create three dimensional models in a digital format.  3D scanning technology is ideal for capturing complex shapes, models and also recording data.

3D scanning is used in various industries – automotive, aerospace, industrial manufacturing, defense, entertainment and media, and also in the healthcare sector. It increases the effectiveness while working with complex parts and shapes and helps in the design of products. With this advanced scanning device, the physical measurements of any object can be captured quickly and also ensure that all parts will fit together. In the healthcare sector, 3D scanning captures the measurements of both face and body parts of humans in relatively less time.

According to a research report by Radiant Insights, the 3D scanning market is expected to reach USD 4,900 million by 2020. The demand for 3D scanning is expected to increase considerably in the coming years. This innovative scanning technology plays an important role in various industry segments like mechanical dimensional inspection, quality archeology, aerospace etc. It offers high resolution output and quality assured geographic dimension accuracy.

There are various types of 3D scanners like laser scanner, structured light scanner and optical scanner available in the market. Among these scanners, structured light scanner was valued at USD 279.9 million and is expected to be the fastest growing segment touching USD 742.5 million by 2020. It is estimated to grow at a CAGR of 14.5% from 2014 to 2020. Laser scanner was valued at USD 1,247 in 2013 and is expected to reach USD 2,997 million in 2020 with a CAGR of 12.9% growth from 2014 to 2020.

  • The global demand for 3D scanners was dominated by Europe with an industry share of 32.65% in 2013 followed by North America with a share of 28.63% for the same year. This is expected to grow at a CAGR of 12.6% from 2014 to 2020 as a result of advancement in the healthcare and entertainment sectors.
  • The foremost segment short-range 3D scanner was valued at USD 861.8 million in 2013 that is expected to grow up to 2,218.5 million at a CAGR of 14.0% from 2014 to 2020.
  • Mid- range scanner was valued at 665.9 million in 2013, which is projected to grow at a CAGR of 13.6% from 2014 to 2020 owing to speedy and accurate data capture.

The growing practice of building 3D models for movies and video games has led to the growth of entertainment and media applications which were valued at USD 175.4 million in 2013 and projected to reach USD 486.1 by 2020 at a CAGR of 15.2% from 2014 to 2020. Engineering and architecture valued at USD 221.8 million in 2013 is likely to reach 587.6 million in 2020 showing a CAGR growth of 14.5% due to application of scanners in archaeology.

About Rajeev R

Rajeev R

Manages the day-to-day operations of MOS from NY. With an interest in information technology, Rajeev has guided MOS to extensive use of digital technology and the internet that benefits MOS as well as MOS clients.