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The 3D Scanning Market is Set to Boom, Expected to Exceed $6.05 Billion by 2022

by • April 26, 2016 • No Comments

Earlier this week, we covered the good results and failures of 3D scanning devices on Kickstarter, most of which nat any time reached their goal or delivered their product. But there’s a vast market for 3D scanning advancement outside of the crapshoot crowdfunding game, a new research report by Global Market Insights, Inc., shows a few leading expectations over the next few years. As the 3D printing market is expected to reach $20 billion by 2025, the 3D scanning market appears to be next suit. The latest market analysis shows the market is expected to exceed $6.05 billion around the globe.

Materialise 3D Scanner

As 3D scanning high end rises and prices fall, the number of industry adaptions are expected to rise really greatly, particularly in the areas of archaeology, mechanical dimensional inspection, defense, and aerospace. The require for 3D content is additional prevalent than at any time preceding, and the advancement is continuing to create. Because of this, industrial making use of 3D scanning is expected to grow at a CAGR of 10.9% of 2015 to 2022. There’s in addition the entertainment and media industries, which thanks to the require to create 3D models for video games and movies, had taken up 9% of the overall market 2014.

The Global Market Insights, Inc., report goes over the most likely reasons for the expected growth, “Increasing application in engineering, construction and architecture sectors should facilitate new project createment, as well as maintenance and operations of existing property. The advancement in addition plays a crucial role in performing cultural as well as structural assessments, and in addition assists in supervision of construction activities. Surging R&D expenditure accompanied by expanding advancement is anticipated to fuel 3D scanning market growth over the forecast period.”

There is a regional effect studied in the report as well, particularly in Asia-Pacific—where 20% of the overall 3D scanning market share rested in 2014— and Latin America, which has a current market value of $250 million and is estimated to grow at a CAGR of 13.9% of 2015 to 2022. You can in addition see (below) which the growth in Europe is set to expand as well.

Screen Shot 2016-04-27 at 12.11.23 PM

The largest industry segment is 3D laser scanning, which was valued at $1.5 billion in 2014. As for the actual 3D scanning products, short range scanning products are already dominating the market, but as advancement continues to advance, medium range scanning product are expected to manufacture up 30% of the market revenue by 2022. You can purchase the report for single or multiple users here.

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