3D Scanner Market to Grow to $ 5.9 Billion by 2022

According to a report released by research company Markets and Markets, the 3D scanner market is expected to grow from $ 3.41 Billion in 2015 to $ 5.9 Billion by 2022, resulting in a CAGR of 9.6% 

The 3D scanner hardware market size, in terms of volume, is expected to reach 114.9 thousand units by 2022, at a CAGR of 10.9% between 2016 and 2022. The rapid technological developments and the growing adoption of 3D scanners to enhance the quality of products and reduce their manufacturing time are some of the significant growth drivers for the 3D scanner market.

Laser 3D scanner to lead the 3D scanner market

The laser 3D scanner is expected to hold the largest share of the 3D scanner market between 2016 and 2022 owing to its ease of usage and availability. There are several technologies within this type of 3D scanners with different accuracies and operation modes. The prominent 3D laser scanning technologies include laser triangulation, phase shift, and time-of-flight. All these techniques can be used independently or in combination to ensure an accurate 3D scanning system.

Portable CMM-based 3D scanner market to grow at the highest CAGR during the forecast period

Portable CMM-based 3D scanners are gaining popularity in conventional applications as well as non-conventional applications owing to the convenience they offer and the possibility of scanning tight spaces with high accuracy. The portable CMM-based 3D scanners are categorized into handheld and articulated arm CMM. Articulated arm CMM type provides quick and accurate inspection of any workpiece or object. Handheld 3D scanners are expected to grow at the highest rate in the portable CMM category.

The Americas held the largest share of the 3D scanner market in 2015

The Americas held the largest share of the 3D scanner market in 2015, because of the strong presence of key players offering state-of-the-art 3D scanner products and the rising adoption of VDI/VDE regulations that define 3D scanner specifications. APAC is the most promising region for the 3D scanner market and is expected to witness highest growth rate because of the rising demand for 3D scanners from the automotive, healthcare, and architecture & construction industries.

Some of the major players in the 3D scanner market are Hexagon AB (Sweden), Faro Technologies (U.S.), Nikon Metrology (Belgium), GOM mbH (Germany), Creaform Inc. (Canada), Trimble Navigation Ltd. (U.S.), Topcon Corporation (Japan), Perceptron Inc. (U.S.), Riegl Laser Measurement Systems GmbH (Austria), Carl Zeiss Optotechnik GmbH (Germany), and 3D Digital Corporation (U.S.) among others.

The scope of the report covers detailed information regarding the major factors influencing the growth of the 3D scanner market such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the 3D scanner market.