3d Scanning Market Size Is to Grow at a Cagr of 13.9% by 2022.

Submitted by: Submitted by

Views: 10

Words: 548

Pages: 3

Category: Science and Technology

Date Submitted: 05/24/2016 02:53 AM

Report This Essay

3D Scanning market size is projected to be valued at USD 6.05 billion by 2022, as per a new research report by Global Market Insights, Inc. Rising adoption of these systems in various industry sectors, namely, quality control, rapid prototyping as well as reverse engineering is expected to propel industry growth over the forecast period. Growing need to obtain precise and quick results with optimum efficiency is also expected to serve as a key driver.

Latin America 3D scanning market size was valued at over USD 250 million in 2014 and is estimated to grow at a CAGR of 13.9% from 2015 to 2022. Asia Pacific accounted for over 20% of the overall 3D scanning market share in 2014; growing demand can be attributed to technology proliferation across the region.

The industry is expected to experience substantial gains due to mounting prominence in various sectors such as quality archaeology, mechanical dimensional inspection, defense and aerospace. These devices also offer 3D digitization and high resolution over conventional techniques. Surging implementation of this technology in the transport sector for examining the accident scenario by digitizing and simulating the actual event sequence may positively impact the 3D scanning market size over the forecast period.

Complicated installation procedure coupled with high cost of technology is anticipated to hinder the industry over the next seven years. The advent of portable scanners is forecast to present significant growth opportunities.

To access sample pages or view this report in detail along with the table of contents, please click on the link below:

https://www.gminsights.com/industry-analysis/3d-scanning-market

Key report insights suggest:

3D laser scanning market was valued at over USD 1.5 billion in 2014 and is predicted to be the biggest industry segment. LED is the standard structured lighting technology owing to small size and low heat emissions. Increasing adoption of high performance CMOS...