June 16, 2024
3D Scanning Market

The 3D Scanning Market Is Expected To Be Flourished By Growing Application In Manufacturing Industry

3D scanning is a non-contact, non-destructive digitalization process of capturing the shape and appearance of physical objects to create three-dimensional representations. It can capture data from physical objects at a high accuracy and density level to produce 3D models that can be used for design, engineering, manufacturing, object reconstruction, preservation of cultural heritage, and more. 3D scanning has applications across various industries including healthcare, entertainment, forensic science, architecture, engineering, and manufacturing sector. In the manufacturing industry, 3D scanning helps to digitally capture the true geometry of a product and transfer the digital information to Computer Aided Design (CAD) software to create accurate 3D CAD models. These models are then used to optimize the product design and manufacture components through 3D printing and Computer Numerical Control machines. The global 3D Scanning Market is estimated to be valued at US$ 2503.2 Bn in 2024 and is expected to exhibit a CAGR of 16.% over the forecast period 2024-2031, as highlighted in a new report published by Coherent Market Insights.

Market Dynamics

The increasing application of 3D scanning in the manufacturing industry is expected to drive the growth of the market during the forecast period. 3D scanning allows manufacturers to create highly accurate digital prototypes of physical objects which helps to optimize product design and reducing design errors. It eliminates the need for physical prototypes and enables digital validation of products before moving to production. Furthermore, 3D scanning digitizes existing products, tools, and molds which helps manufacturers to recreate physical assets virtually and enables on-demand manufacturing through techniques like 3D printing. This translates to reduced production time and costs. The growing focus on Industry 4.0 and smart manufacturing coupled with the adoption of technologies like additive manufacturing, robotics, and IIoT is further expected to drive the demand for 3D scanning solutions in the manufacturing sector.

Segment Analysis

The global 3D Scanning market is segmented by product into optical scanners, laser scanners, and structured light scanners. The structured light scanners segment currently dominates the market. This is because structured light scanners offer faster and more accurate scanning compared to other scanning types. Structured light scanners project light patterns onto the object which allows easy and quicker capture of the object compared to other scanner types.

PEST Analysis

Political: Governments across regions are focusing more on digitization of manufacturing industry which is positively impacting the 3D scanning market. Economic: The global economy had slowed down during the pandemic which impacted the market initially but is recovering now driven by manufacturing industry. Social: With growing penetration of smartphones and tablets, consumers have become more accepting of digitized content and virtual/augmented reality experiences which is fueling demand for 3D scanned content. Technological: Advancements in 3D scanning technologies likereal time scanning and improved resolution is supporting the growth of applications like virtual try-on in fashion industry.

Key Takeaways

The global 3D Scanning Market Growth is expected to witness high growth during the forecast period of 2023 to 2030.

Regional analysis:

The Asia Pacific region dominates the 3D scanning market currently due to presence of major manufacturing hubs and fast adoption of automation technologies in the region especially in China.

Key players:

Key players operating in the 3D Scanning market are McAfee, LLC, AO Kaspersky Lab, Bitdefender, FireEye, Inc. and Malwarebytes. All the key players are focusing on expanding their product portfolio and global footprint through investments and partnerships. Key player analysis: McAfee dominates the antivirus software market globally with wide product portfolio. Kaspersky Lab also has strong presence across Europe and Asia Pacific regions.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it