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In a recently published report, 3D Scanning Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Scanning Market products.
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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
In a recently published report, 3D Scanning Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Scanning Market products.
Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further.
Global 3D Scanning Market is valued approximately at USD 4.60 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 8.50% over the forecast period 2019-2026. 3D Scanning is the process which captures the 3-dimensional attributes namely, length, width and height of the object along with the characteristic information such as color and texture. The scanners used in the process capture the dimensions using laser, lights or X-rays by creating point clouds which aid in the 3D representation of the scanned objects using software. The use of 3D scanning helps in saving time, cost and efforts mainly during a manufacturing process by improving the quality of the output. Hence these are widely utilized in the aerospace & defense, healthcare, construction, entertainment & media and several other industries.
The different applications of 3D scanner include reverse engineering, rapid prototyping, quality control/inspection, face and body scanning, digital modeling which are penetrating the market growth. Further, Increasing Need to Capture Large Volume Of 3D Data for Modelling and Analysis has led the adoption of 3D Scanning across the forecast period. Also, with the advancement in the technology and the R&D expenditure increasing at a substantial rate across the world is expected to fuel the demand for 3D Scanning. However, the high initial set-up costs for 3D scanning hinder the market growth. Although, the rising trends of Mixed Reality, Internet of Things and rising conjunction between wearable devices in automotive fabrication and aerospace designing act as a supporting factor for the market growth. While the growing demand For 3D Metrology Across Various Industries present a lucrative opportunity for the market.
In the statistics by Eurostat, the total value of the ICT sector including manufacturing and services of ICT in Europe, was estimated to be more than EUR 475 billion in the year 2017. Out of these, the ICT services sector accounted for the largest share. Moreover, the ICT services sector is predicted to be ten times larger than that of ICT manufacturing. On the other hand, the ICT services consist of computer programming, consultancy and related activities, along with telecommunication activities, out of which the former held about 49.1% share while the latter held around 30.3% share in the year 2017. These factors are estimated to impact positively towards the growth of the market in the next few years. According to the statistics by GSMA Intelligence, total cellular connections worldwide as of May 2020 was recorded to 10,18 billion.
As per the Eurostat, the total value of the ICT sector in Europe, including the ICT manufacturing and ICT services, was estimated to be more than EUR 475 billion in 2017. In this sector, the ICT services account for the major share as it is predicted to be ten times larger than the share held by ICT manufacturing. ICT services consist of computer programming, consultancy and related activities which held about 49.1% share while the telecommunications activities held around 30.3% share in the segment in 2017. These factors are estimated to impact the market growth in a positive manner in the next few years.
The regional analysis of global 3D Scanning market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the rising R&D spending in the region along with the rapid adoption of new technology in the automotive sector. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026. Factors such as increasing industrialization specially architectural and automotive sector which use 3D scanning for several purposes such as civil surveying, reverse engineering would create lucrative growth prospects for the 3D Scanning market across Asia-Pacific region.
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Major market player included in this report are:
Nikon Metrology
Autodesk Inc.
Hexagon AB
FARO Technologies
David Vision Systems GmbH
Basis Software Inc.
Artec 3D
Fuel3D Technologies Limited
Creaform Inc.
GOM GmbH.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Application:
Entertainment and media
Aerospace and defence
Medical and healthcare
Civil and Architecture
Industrial Manufacturing
Others
By Services:
Reverse Engineering
Quality Inspection
Rapid prototyping
Face Body scanning
By Range:
Short range scanner
Medium range scanner
Long range scanner
By Type:
Optical scanner
Laser scanner
Structured Light scanner
By Region:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2016, 2017
Base year – 2018
Forecast period – 2019 to 2026
Target Audience of the Global 3D Scanning Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investor
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Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2017-2026 (USD Billion)
1.2.1. 3D Scanning Market, by Region, 2017-2026 (USD Billion)
1.2.2. 3D Scanning Market, by Application, 2017-2026 (USD Billion)
1.2.3. 3D Scanning Market, by Services, 2017-2026 (USD Billion)
1.2.4. 3D Scanning Market, by Range, 2017-2026 (USD Billion)
1.2.5. 3D Scanning Market, by Type, 2017-2026 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global 3D Scanning Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global 3D Scanning Market Dynamics
3.1. 3D Scanning Market Impact Analysis (2018-2026)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global 3D Scanning Market: Industry Analysis
4.1. Porter's 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter's 5 Force Model (2016-2026)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global 3D Scanning Market, by Application
5.1. Market Snapshot
5.2. Global 3D Scanning Market by Application, Performance – Potential Analysis
5.3. Global 3D Scanning Market Estimates & Forecasts by Application 2016-2026 (USD Billion)
5.4. 3D Scanning Market, Sub Segment Analysis
5.4.1. Entertainment and media
5.4.2. Aerospace and defence
5.4.3. Medical and healthcare
5.4.4. Civil and Architecture
5.4.5. Industrial Manufacturing
5.4.6. Others
Chapter 6. Global 3D Scanning Market, by Services
6.1. Market Snapshot
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