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.
