The North America 3D scanning market is expected witness remarkable growth over the forecast timespan, due to growing construction sector and increasing application in automobile industry. Increasing number of refurbishment projects are providing growth opportunities for the software manufacturers to develop customized products. The manufacturers and technology providers in the 3D scanning industry are leveraging the advancements in technology to gain competitive advantage. For instance, Autodesk, Inc. is developing software to integrate the data captured by unmanned aerial vehicles (UAVs) with 3D scanning technology to gain more insights.
One of the most prominent 3D scanning market giants, FARO, has recently announced the release of the FARO FocusS 70, touted to be one of the most notable products of this organization in the laser scanner portfolio. The product is apparently quite accurate, and the short-range products are principally designed for professionals in the engineering, architecture, product design, construction, and public safety forensics sectors. FARO has been continuously improving its process portfolio and technologies to sustain its position in the competitive 3D scanning industry.
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Recently, Faro also introduced the next-generation FaroArm in the market, endowed with user-friendly features, superior durability and portability. The ongoing developments in 3D scanning equipment manufacturing are likely to attract more consumers, which may favorably influence 3D scanning industry share. As per business estimates, in 2016, 3D Scanning Market collected a revenue of USD 3 billion.
Surging developments in the healthcare sector have been fueling the demand for highly advanced equipment. With an aim to expand their geographical presence, players operating in 3D scanning market are continuously implementing new advanced features in their products. Additionally, they have also been working on checking the feasibility of the scanner, which may be capable of producing parts with different materials.
Apart from material differentiation, the scanning range of the product also plays an important role in product differentiation, on the basis of which, market participants are increasingly focusing on brainstorming a range of technologically advanced products. In 2016, short-range 3D scanning market covered a share of 40%, augmented by the extensive product demand from the healthcare and automotive sectors.
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Medical practitioners have been increasingly preferring the usage of this product for MRI scans, CT scans, and X-rays. 3D scanners ideally help doctors to measure the shape, body size, and skin surface area of the patient very accurately. In addition to this, low cost and ease of accessibility of the product increases its adoption rate in clinical applications, which will stimulate 3D scanning market share over the years ahead.
Regional governments have been promoting the usage of advanced 3D scanners to enhance the efficacy of the medical services. Subject to the product’s capability to resolve complex theories, it has been extensively used in the medical sector. Many of the researchers have been continuously introducing new techniques to manufacture challenging 3D objects. As per the market study, 3D scanning market will collect a revenue of more than USD 10 billion by 2024 with an annual growth rate of 15% over 2017-2024.
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