Global 3D scanning market size in 2021 was USD 3,100 Million, market value to grow to USD 4,700 Million by 2030 at 5% CAGR as per Acumen Research and Consulting
3D scanning technology is a rapidly growing industry with a wide range of applications across various sectors. The technology allows the creation of 3D digital models by capturing the physical characteristics of an object or environment. The 3D scanning market has seen significant growth in recent years, and this trend is expected to continue in the coming years. In this article, we will provide an overview of the 3D scanning market, including its diverse applications, market segmentation, market dynamics, market challenges, and regional overview, and we will list 12 market players.
Market Overview:
The 3D scanning market is expected to grow at a compound annual growth rate (CAGR) of 14.7% from 2021 to 2028, reaching a value of USD 16.4 billion by 2028. The market is driven by the growing demand for high-quality 3D models in various industries, including automotive, healthcare, aerospace, architecture, and construction. 3D scanning technology is also being increasingly used in the entertainment industry for special effects in movies and video games.
Market Segmentation:
The 3D scanning market can be segmented by type, range, application, and end-user. By type, the market can be segmented into laser, structured light, and optical. By range, the market can be segmented into short-range, medium-range, and long-range. By application, the market can be segmented into quality control and inspection, reverse engineering, virtual simulation, and others. By end-user, the market can be segmented into automotive, aerospace and defense, healthcare, architecture and construction, and others.
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Market Dynamics:
- Increasing demand for customized products: With the advancement in 3D scanning technology, it is easier to create customized products with high accuracy and precision, leading to an increased demand for 3D scanning technology in various industries.
- Rising adoption of 3D printing technology: The adoption of 3D printing technology is increasing rapidly, and this is driving the growth of the 3D scanning market as it is essential to have a 3D model of the object to be printed.
- Technological advancements: With the development of advanced 3D scanning technologies, such as handheld 3D scanners and real-time 3D scanning, the market is expected to witness significant growth in the coming years.
Market Challenges:
- High cost of 3D scanning technology: The cost of 3D scanning technology is still high, which makes it difficult for small and medium-sized businesses to afford the technology.
- Lack of skilled professionals: There is a shortage of skilled professionals who can operate and maintain 3D scanning technology, which is a major challenge for the market.
- Data security concerns: As 3D scanning technology captures sensitive data, there are concerns about data security and privacy, which is a major challenge for the market.
Market Regional Overview:
North America dominates the 3D scanning market due to the high adoption of technology in various industries, followed by Europe and the Asia Pacific. The Asia Pacific region is expected to witness significant growth in the coming years due to the increasing adoption of 3D scanning technology in emerging economies such as China and India.
Market Players:
- Hexagon AB
- FARO Technologies, Inc.
- Creaform Inc.
- 3D Systems Corporation
- NIKON METROLOGY NV
- GOM Metrology GmbH
- Trimble Inc.
- Topcon Corporation
- Perceptron Inc.
- ZEISS Group
- Renishaw plc
- Leica Geosystems part of Hexagon
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Mar 12, 2020: The global Prosthetics and Orthotics market size is expected to reach USD 13.3 billion by 2027, according to a new report by Radiant Insights, Inc., registering a 4.6% CAGR over the forecast period.
Increasing incidences of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving the market.Rising geriatric population across the globe has become a major factor driving demand for prosthetics and orthotics.
For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050.
The elderly are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.To Request A Sample Copy Of This Report @: https://www.radiantinsights.com/research/prosthetics-and-orthotics-market/request-sampleIncreasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent.
Around 800 to 900 new cases of osteosarcoma are reported in the U.S. each year as of 2018.Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to expand at a CAGR of 4.0% over the forecast period.
Increasing cases of diabetes-related amputations across the globe are acting as the driving factor for this segmentBy revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period.
