3D SCANNING MARKET ANALYSIS

Market Challenges And Opportunities

Global 3D Scanning Market Drivers:

Rise in demand for 3D metrology in different industries to boost growth of the market

The need for higher accuracy inspection of 3D data is rapidly increasing for modeling and analysis is boosting the investment in 3D metrology. Due to these investments the advancement and innovations in 3D scanning technologies is increasing all over the world. 3D solutions in metrology cover long range of materials, which is why they are highly adopted in various industries. For instance, Creaform Inc., a Canada-based company offers MetraSCAN 3D, which is a 3D scanning solutions designed for metrology-grade measurements on all type of materials. Thus, these factors are expected to drive growth of the global 3D scanning market over the forecast period.

Increasing technological innovations to augment the market pace

The market is witnessing various technological innovations, which is turning the market from contact-based scanning towards light-based scanning or Photogrammetry. The most commonly used light-based scanning technique in 3D scanning is laser scanning. The innovation of such laser pulse scanning in 3D printing has expanded the scope for 3D printing technologies. Moreover, the market is also witnessing innovations in terms of size, cost, and user-friendly applications. For instance, adoption of handheld and portable scanners is growing rapidly in the market. Thus, such novel innovations in 3D scanning are expected to fuel growth of the market in the near future.

Global 3D Scanning Market Opportunities:

Rise in advancement in software and sensor technology to create multiple business opportunities in the global 3D scanning market over the forecast period. 3D scanning is likely to become more affordable, more useful, and more powerful with rise in advancements in software and sensor technology. This in turn is influencing various industries all over the world. Moreover, 3D scanning will become more advantageous in product development workflows. The investments in 3D scanning technologies are expected to increase due to rise in pressure to work with multidisciplinary remote teams, innovate more quickly, and to grow product innovation at faster rate. These factors are thus anticipated to offer lucrative opportunities in the market.

Growing applications of 3D scanning is anticipated to create lucrative environment for growth opportunities in the global 3D scanning market over the forecast period. The use of 3D scanning enables quality 3D models, eliminates errors, facilitates the design iteration process, and boosts the reverse engineering speed. Thus, the technology will be massively adopted in the specific market sectors of manufacturers in the coming future. Moreover, 3D scanning is expected to find various applications in the quality control field. Thus, the market is likely to witness several growth opportunities in the near future.

Global 3D Scanning Market Restraints:

High cost of 3D scanners to impede market pace

The adoption of 3D scanning solutions on global and commercial levels is majorly impacted by its high cost, as the technology is in its nascent stage. Moreover, as the size of solutions increased, the cost required for 3D scanner also increased. The price of 3D scanning has no correlation with the complexity of the design of the product; however, it is correlated with the value of material and the amount resource material utilized. Thus, these factors are expected to restrain growth of the global 3D scanning market over the forecast period. However, market players are focusing on developing cost effective solutions, which is likely to support the market growth in the near future.

Shortcomings of 3D scanning to hinder market growth

3D laser scanning is used in various applications due to its benefits; however this method among others has its limitations or shortcomings. Due to the optical nature of 3D laser scanning, it becomes impossible to measure any kind of surface that is out of line of sight of the scanner. Complex geometry of surfaces creates problems in this method of scanning. Along with this ambient light could blend with the laser and interfere with the accuracy of scan. Thus, such limitations of 3D scanning technologies restrict their adoption, which in turns affects the market growth negatively.