3D Scanning Market was Evaluated over USD 1.70 billion and is Anticipated to Reach USD 3.66 billion by 2022 with a CAGR of 7.12%

Industry Trend Analysis
In 2012, the global 3D scanning market was evaluated over USD 1.70 billion and is anticipated to reach around USD 3.66 billion by 2022, while maintaining a compound annual growth rate (CAGR) of 7.12% during the forecasted period. This is due to the active application range of 3D scanners plus the linked software. The 3D scanning can be utilized for a range of objectives that involves developing high-volume tailored products for the medical industry, enhancing existing products, and for seizing lost designs. In the production sector, 3D scanning has issued as a vital element of modern inspection and quality control systems. Production sector undergoes numerous challenges, wherein schedule, cost, or safety, have gone up further than the set monetary limits, due to incorrect and inadequate dimensional control processes. The providers look for the counter cost instability of industry state, by enrolling into supply agreements for few of the staples and linked elements, with terms arraying from about one year to one month, to facilitate lock-in costs and to supervise the risks concerning the raw material supply deficits. In a few cases, there subsists a low-level vertical integration amongst the staple providers and producers.

Product Outlook and Trend Analysis
The industry share of structured light scanners is projected to develop at a compound annual growth rate of around 10.4%, hence providing it the top growing section. In 2015, the 3D laser scanners section held the major share, producing revenue of approximately over USD 2.26 billion. The 3D scanning, as well as post-printing systems, are firm evidences of speedy advancements in the laser 3D scanning section, thus accepting users to vigorously alter their designs and build sensible prototypes in the architecture sector and maritime industries.

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Range Outlook and Trend Analysis
The range section involves long, medium and short range 3D laser scanning procedures. In 2015, short range 3D scanners ruled this section with an industry share of around 67.9%. The major factors bestowing to the huge market share of this section are low price and availability of handy scanning device, and the growing awareness regarding a variety of application fields like modeling applications material inspection, and product designing of 3D scanners. The medium range section is balanced to demonstrate lucrative expansion with a compound annual growth rate of over 9.7%. The medium range 3D scanners function inside the range of 1 meter to 300 meters and have several applications in industrial manufacturing, civil engineering, archeology, heritage, and architecture sectors. Moreover, ghoulishly-priced medium range 3D scanners mostly supplement the requirement of the long range 3D scanners, due to which they are predicted to experience massive growth scenario.

Application Outlook and Trend Analysis
3D scanning has an extensive range of applications in numerous fields counting aerospace & defense, industrial manufacturing, architecture & engineering, healthcare, and other associated 3D scanning application fields. In 2015, amongst all, the application segment of industrial manufacturing seized the major industry share of around 38.8%, assigned to the 3D scanning’s dynamic solicitations in manufacturing, material processing, and automotive designing and plant monitoring applications.

Regional Outlook and Trend Analysis
In 2015, North America held a major share of over 32.6% and has turn out to be amongst the most dominant regional markets in the global 3D scanning segment. The latest instinctive touch-screen laser scanning models render high screen resolution, thus presenting vivacious graphics and a superior experience for users. The laser scanner section contributed a key fraction of sales of the application-based 3D scanner worldwide. North America region is estimated to come out as one of the top regional markets, due to the increased R&D expenditure together with the elevated adoption rate for 3D scanning technology in the environmental scanning, modeling operations, and automotive sector. The Asia Pacific regional market is projected to experience massive growth chances from architectural and industrial manufacturing sectors during the forecast years. The Asia Pacific is likely to experience considerable growth during the projected period.

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Competitive Outlook and Trend Analysis
Major market players operating in the global 3D scanning market are; Nikon Metrology NV, Steinbichler Vision Systems (SVS), Inc., 3D Systems, Ametek, Inc., Fuel3D Technologies Limited, 3D Digital Corp., Hexagon AB, Basis Software Inc, FARO Technologies, Inc., Creaform Inc., David Vision Systems GmbH, and Autodesk Inc., etc. Owing to the presence of numerous market players, companies are focusing on investing in research and development to develop pioneering products to assist in gaining market share and tolerate the increasing competition. The industries choose reverse engineering as a 3D scanning service due to its efficient modification and study of market specific products.

The global 3D scanning market is segmented as follows:
By Product:
Optical Scanner
Laser Scanner
Structured Light Scanner

By Range:
Short range
Medium range
Long range

By Application:
Aerospace & Defense
Healthcare
Industrial manufacturing
Architecture & Engineering
Other Applications

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