Three dimensional models are made with use of 3D scanners that analyze real world projects and collect data on the basis of their shapes and appearances. Different technologies are used for this process, which has increased its applications. This type of scanning technology is ideal for areas and industries requiring high degree of precision and complex geometries. Solutions provided by 3D scanning market provide accurate, fast and digital results at affordable costs. As a result, this technology is increasingly used across various industrial verticals worldwide. As a result of all this, the industry is expected to witness strong growth within next four to five years.
Segments in 3D Scanning Market
Basic segmentation in the industry depends on the types of scanners, their range, solutions, applications, services, deployment across various industrial verticals and demand from different geographic regions. The basic types of 3D scanners include laser scanners, optical scanners and structured light based scanners. These scanners are available in different range types, namely, long range, medium range and short range. Solutions offered by 3D market include in the form of portable 3D scanners, portable coordinate measuring machines and such other devices. Applications of these products include quality control, culture heritage, computer aided inspection and others.
Services offered by 3D scanners market include rapid prototyping, reverse engineering, face and body scanning, quality inspection and such other services. Applications of 3D scanners range across different industrial verticals, mainly, aerospace and defense, architecture and engineering, entertainment and media, oil, gas, power and utilities, manufacturing, consumer goods, manufacturing and other such industries. Based on demand patterns across various geographic regions, the global market is segmented into five major segments, which include, Latin America, North America, Asia Pacific, Europe and Middle East and Africa.
Forecasting Reports from 2013 to 2018
Various applications of 3D scanning including cultural heritage and quality control have also influenced its expanse across various geographic regions and industrial verticals. These devices have also made inroads across the advanced fields like inspection and reverse engineering. Various other potential applications of these scanners have created better business opportunities in the 3D scanning market, in terms of innovation and technological advancements. As a result, the industry is expected to make impressive growth in terms of compound annual growth rate. According to the latest market research reports, the market will grow at an anticipated CAGR of over 14% within next four years.
From 2013 to 2018, the market is expected to become worth more than $4.08 billion by 2018, which is currently poised at $2.06 billion. Asia Pacific is claimed to be the dominating region based on geographic demand and increase in applications. The APAC region is expected to grow at a CAGR of over 15% during the forecasting period and become worth $1,087.3 million by 2018. Asia Pacific is seconded by Latin America.