3D scanning market predicted to reach $4.08 billion by 2018
3D scanners are expected to grow from estimated $2.06 billion in 2013 to $4.08 billion by 2018 as a result of increased demands in a number of applications and services, industrial and academic research, reverse engineering, rapid prototyping, cultural heritage applications, and quality inspection.
Global sales in the 3D scanning market are expected to grow from an estimated $2.06 billion in 2013 to $4.08 billion by 2018 at an estimated compound annual growth rate (CAGR) of 14.6%, according to an analysis from MarketsandMarkets.
Recent industry trends suggest that 3D scanning technology continues to evolve and improve, and as it does, the demand for it does as well. This includes applications and services such as reverse engineering, rapid prototyping, cultural heritage applications, quality inspection, face and body scanning, and additional machine vision applications.
In addition, 3D scanners will see an increased demand in industrial and academic research projects, according to the report, which predicts that the prices for the 3D scanners will drop but the demand for them will increase, which will aid in the growth of the overall market.
The verticals in which the 3D scanner market is segmented includes aerospace and defense, entertainment and media, medical and healthcare, architecture and engineering, oil and gas, energy, power and utilities, automotive and transportation, and manufacturing.
Major geographical regions included in the report are North America, Western Europe, Eastern Europe, Asia Pacific (APAC), Middle East and Africa, and Latin America. The APAC region is projected to account for a large share of sales in 2013 at approximately $538 million, and is expected to reach $1.08 billion by 2018 at a CAGR of 15.1%. In addition, Latin America is expected to grow at a CAGR of 23.2%, going from $257.9 million in 2013 to $732.5 million by 2018.
Companies listed as major industry players in the report include Faro Technologies, Konica Minolta, Creaform, Surphaser, Autodesk, 3D Systems, 3D Digital Corp. and more. The report segments the 3D scanning market by type of scanner, 3D scanning by range, solutions, applications, services, verticals, and regions.
Read more or purchase the 3D scanning market analysis from MarketsandMarkets.
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