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3D Scanning Market size forecast to grow at a CAGR of 11.5% during the next seven years: Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
Key Insights from 3D Scanning Market: • Market size of 3D laser scanning reached USD 1.5 billion in the year 2014 and is expected to contribute in majority of industry shares till 2022. • Market size of optical scanners will continue to rise with a CAGR of 11% between years 2015 to 2022. • Market of short range scanners is expected to touch USD 2.8 billion till 2022 and is likely to occupy 46% of overall market share. • Exponential growth is expected to be seen in entertainment and media sector which is likely to touch USD 600 million till 2022 with a CAGR of 13% between the years 2015 to 2022. • With the increase in importance of 3D scanning market size, architecture and engineering sector is likely to capture 12% share till 2022.
Continued... • Latin America is estimated to exceed USD 750 million till 2022 and is rising with a CAGR of 13% between the years 2015 to 2022. • Asia Pacific market of 3D scanning captured 23% of overall share in 2014 and is likely to go beyond USD 1.5 billion till 2022.
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360° Analysis • Application Analysis • Entertainment & media is forecast to witness the highest growth; it is likely to be worth over USD 600 million by 2022, growing at a CAGR of over 13% from 2015 to 2022. Increasing significance of these scanners for architecture applications can be attributed to advent of portable devices. • Regional Analysis • North America 3D scanning market share is anticipated to remain over 25% of the global revenue over the forecast period. Increasing demand for structured light scanners is likely to experience substantial growth across the region, over the next few years.Latin America is anticipated to be the most attractive regional segment. It likely to cross USD 750 million by 2022, growing at a CAGR of over 13% from 2015 to 2022. • Competitive Market Share • Major industry participants competing for 3D scanning market share include Ametek (Creaform), 3D Digital Corp., Basis Software Inc (Surphaser), Maptek, Topcon and FARO Technologies.
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