3D Scanning Market Analysis

3D Scanning Market Analysis

3D scanning market size from medium-range products is anticipated to witness around 5% growth till 2032. Medium-range scanners are typically used across applications that involve real-time navigation of data to boost public safety, building/bridge construction, and mapping assets. For instance, high-accuracy phase shift scanners are ideally designed for medium-range scanning needs across automobiles, industrial equipment, and large pumps. Significant growth in industrial productivity and output across developing countries will further propel the demand for medium-range 3D scanners.
 

The hardware segment is expected to exhibit a CAGR of 6% through 2032. Innovation and development have enhanced the availability and accessibility of high-end 3D scanners such as Terrestrial Laser Scanning (TLS), laser pulse, and structured light.
 

The rapidly declining cost of handheld and desktop 3D scanners is attracting a herd of customers to hardware systems. Manufacturers are leveraging the market need and designing cutting-edge 3D scanning systems. For instance, in February 2022, Artec 3D launched the 2022 Artec Leo, first-of-its-kind wireless and AI-based 3D handheld scanner.
 

Industrial applications held 25% share of the 3D scanning market in 2022. Rapid industrialization had increased the need for advanced production technologies in the manufacturing sector. 3D scanning techniques are extensively used to develop 3D models and detect faults and improve component capabilities via reverse engineering.
 

Governments worldwide are undertaking supportive initiatives, onsetting exponential market growth. The advent of smart manufacturing facilities and automated productions has further accelerated the use of 3D scanning to perform complex production processes. These techniques offer multiple benefits including optimum functioning of machine parts without any disruptions to the operations.
 

In terms of revenue, the optical scanner product segment is estimated to reach USD 2 billion by 2032. Optical scanners are widely used in reverse engineering applications, essentially in the automobile sector for scanning tools and inspecting parts.
 

Growing focus on the commercialization of innovative optical scanners will pave the way for industry growth. Reverse engineering has emerged pivotal in the automotive sector allowing redesigning, restructuring, and concept valuation. The process also simplifies design extraction from a model, an old design without a 3D reference, or discontinued parts.
 

Asia Pacific 3D scanning market revenue is predicted to expand at 7% CAGR during the forecast period. Expanding industrial sector is expected to proliferate the adoption of 3D scanners across APAC. Economic development across India, China, and other APAC countries along with significant government investments in industrial development will accelerate the need for novel technologies. Several public organizations are introducing supportive programs, schemes, and projects, favoring substantial strides in the industrial sector, and ultimately augmenting economic growth.