3D Scanner Market to reach USD 7.4 billion by 2024A Chapter by David Jones3D Scanner Market Share, Size, Analysis, Growth, Trends and Forecasts to 2024 | Hexa ResearchThe global 3D scanner market is
expected to reach USD 7.4 billion by 2024. It should grow at a CAGR over 11.5 %
during 2016 to 2024 (forecast period). Wider adoption of these devices in
applications; such as rapid prototyping, quality control, reverse engineering,
etc. will augment growth of this industry. Software & hardware providers
lay stress on workflow enhancement & usage convenience, thus boding well
for the market and propelling its sales.
The workflow is generally
complicated for those new to 3D scanning. This coupled with costly scanners
hampers the growth of 3D scanners. However, the demand for accurate, quick,
& effective results primarily would drive the 3D scanner market. In
addition to this, scanner properties; like affordability can also propel the
market. ‘Handheld 3D scanner’ & technological expansion are projected to
drive the industry demand in the near future. The market is categorized into
products, ranges, applications, and regions. Browse
Details of Report @ https://www.hexaresearch.com/research-report/3d-scanner-market
Products include structured light, laser, and optical.
Laser scanners led the market in 2013. However, optical and structured light
are anticipated to grow rapidly. Optical scanners should grow at a healthy CAGR
(over 11 %) during the forecast period. Ranges consist of short, medium, and
long. Short range scanners dominated in 2013. They will maintain their
dominance till 2024. Medium is likely to gain considerable shares, at a CAGR of
11 % till 2024. Long range is said to be growing slowly due to its high costs.
Applications in the 3D scanner market are aerospace
& defense, industrial manufacturing, healthcare, entertainment & media,
and engineering & architecture. Industrial manufacturing reigned in 2014,
accounting for 30 % shares. 3D scanning can be a critical component of quality
& inspection control across construction industry.
Entertainment & media should witness the highest
growth. It is estimated to reach USD 600 million by 2024, at a healthy CAGR of
13 %. Rising significance of market devices in architecture may be attributed
to the advent of portable 3D scanners. 3D scanners help in archiving and
preserving architectural pieces from museums. Engineering & architecture
will hold over 12.5 % shares by 2024.
Geographically, the worldwide 3D scanner market is
fragmented on the basis of Europe, North America, Latin America, Asia-Pacific,
and RoW. North America reigned in 2013 and can lead over the forecast period.
Latin America is said to be the most lucrative region. It is predicted to
exceed USD 750 million by 2024, at a CAGR of 13 % in the near future.
The same would be attributed to rising adoption of 3D
scanners across various application and end-user industries. Asia-Pacific held
over 23% shares in 2014. This region is expected to grow rapidly, surpassing
incomes worth USD 1.5 billion by 2024. Major companies in the global market
comprise Basis Software Inc. (Surphaser); 3D Digital Corp.; Topcon Corp.; and
FARO Technologies.
The industry is marked by strong rivalry and often
indulges in mergers & acquisitions. Firms cater to different sectors; like
manufacturing, aerospace, education & research, and consumer goods.
Introduction of ‘quality’ & ‘affordable’ 3D scanners provide future market
prospects.
Browse Related Category Market
Reports @ https://www.hexaresearch.com/research-category/next-generation-technologies-industry
About Us: Hexa
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environment and enable them to undertake strategic growth initiatives. © 2017 David Jones |
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Added on August 28, 2017 Last Updated on August 28, 2017 Tags: 3D Scanner Market, 3D Scanner Industry AuthorDavid Jonescalifornia, CAAboutResearch Analyst At Hexa Research Which Provides Research Content For All Types Of Domains do check my Articles more..Writing
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