The worldwide 3D scanning market is predicted to reach revenue of US$5.7 billion by 2021, according to a newly released research report.
The report by US-based Allied Market Research says the 3D scanning market will also register a Compound Annual Growth Rate (CAGR) of 13.6% during the 2016-2021 period.
According to Allied, applications of 3D scanners in industrial manufacturing generated the highest revenue in 2014, while geographically North America and European markets will be the key revenue contributors, constituting over 65% of the total market revenue throughout the analysis period.
The research firm says that nowadays, 3D scanning technology is gaining increased adoption in different industry verticals due to its improved efficiency, and faster and accurate results.
And, among different types of scanners, the laser scanners are widely adopted due to their easy portability and low price range.
“Thus, the industry players are keenly focusing on developing technologically advanced lighter laser scanners for indoor and outdoor applications. For instance, the leading industry player, FARO Technologies, Inc. has recently introduced Freestyle X Handheld Laser Scanner for short range applications in civil and architecture sector,” Allied says.
3D scanners are finding a variety of applications in the healthcare sector in magnetic resonance imaging (MRI), X-rays, CT scan and other body scanning processes, Allied reports.
The research firm also says government initiatives to provide enhanced healthcare facilities and medical practices to the populace have led to the increasing adoption of 3D scanners in medical applications, with the short and long range scanners commonly preferred in these sectors. Besides this, says Allied, security surveillance is one of the promising applications of 3D scanners at public places.
The research reveals that in 2014, reverse engineering services was the highest revenue-generating segment due to large-scale adoption across various industries such as manufacturing, automobile, and defence.
Allied says the early adoption of technology and presence of a large number of suppliers facilitated the market growth in North America. However, Asia-Pacific and LAMEA markets are expected to grow at the fastest rate owing to increasing demand from countries such as China and India.
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