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The Global 3D Scanner Market was valued at USD 924 million in 2020 and is expected to grow at a CAGR of 7.5% to reach USD 1324 million by end of 2027. A 3D scanner is a device that captures the physical location of a physical object, such as its weight and appearance. Manufacturers' increasing demand for technical solutions that help them maintain product quality is driving up the demand for 3D scanners.
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Global 3D Scanner Market The Global 3D Scanner Market was valued at USD 924 million in 2020 and is expected to grow at a CAGR of 7.5% to reach USD 1324 million by end of 2027. A 3D scanner is a device that captures the physical location of a physical object, such as its weight and appearance. Manufacturers' increasing demand for technical solutions that help them maintain product quality is driving up the demand for 3D scanners. Automobile, healthcare, aerospace and defense, architecture and construction, energy and power, and other end user verticals will all see growth and expansion and this will have a favorable impact on the global demand for 3D scanners. Furthermore, rising usage of high-performance Complementary Metal-Oxide Semiconductor (CMOS) sensors in place of Charge-Coupled Device (CCD) imagers is predicted to boost market growth. The occurrence and the spread of COVID-19 have exaggerated the 3D scanner market. Numerous industry experts believe that this pandemic will diminish by the end of the first quarter of FY2021.
Global 3D Scanner Market The emerging trends, such as mixed authenticity, Internet of Things (IoT), and the growing conjunction between a wearable device in automotive production and aerospace designing fields are projected to drive the market growth. Moreover, pairing tablets and phones with professional-grade systems to facilitate ease of use is also one of the biggest trend in this industry. There is an immense push for portability and handiness amongst specialized 3D scanners. Systems are getting minor, denser, and handier than ever before. A few key factors driving the growth of this market are enhanced R&D expenditure on 3D metrology, importance on quality control while engineering goods, and demand for advanced efficiency by electronics manufacturing services firms. Engineering companies are outsourcing their 3D metrology dimension and examination work to service providers to reach short measuring times, compact measurement uncertainty, and process stability, thus driving the 3D scanner market.
Global 3D Scanner Market The global 3D scanner market is moderately competitive and involves of some major players. In terms of market share, few of the key players presently dominate the market. Nonetheless, with technological advancement and quality facility provision, mid-size to smaller firms are increasing their market presence by presenting new services with fewer prices. Companies, like Nikon Metrology NV, Autodesk, Inc. Hexagon AB hold a substantial market share in the 3D scanner market. Some of the major players in 3D scanner market are Hexagon, FARO, KEYENCE Corp., Jenoptik, Nikon Corp., Mitutoyo Corp., ZEISS Group, Perceptron, Renishaw, Creaform, CyberOptics Corp., Trimble, Inc., 3D Systems, Inc., Automated Precision, Inc., Metrologic Group.
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