3D scanning is one such emerging technology that has gained good attention in the recent times and is showing no signs of fading sooner. It is expected that during the forecasted years (2015-2021) the global 3D scanning market will grow with impressive CAGR of 15.23%. The growing demand of 3D scanning in the field of automotive, aerospace, dental, discrete, high tech, and medical products are important driving forces of the global 3D scanning market. Looking at the growth, many new companies are trying to enter this market. The main reasons behind the companies entering the 3D scanning market are prototyping, product development and innovations.
Geographically, North America held the largest market share in the global 3D scanning market in 2013. During the forecasted period, it is expected that structured light segment will emerge as leader in the regional market. This growth is expected to boost the demand for the application of portable scanners across various industries.
In addition, many other technologies such as low priced mid-level 3D scanners, high end software providing preciseness development of are expected to boost the market growth in coming years. An emerging class of mid-level 3-D scanner is starting to offer many high end system features in a desktop form factor at lower price points. Moreover, increasing system speed across the product spectrum such that at least one high-end system under development could print up to 500 times faster than today’s top machines is driving the demand.
The 3D scanning market already has established players such as 3D systems and ARCAM AB which are constantly focusing on reducing the cost of the products. To stay competitive in the market, the companies are taking strategic initiatives such as product customization. For example: customization of 3D scanning products such as knee joint and hip joints will help the companies to expand in healthcare sector.