3D SCANNING MARKET ANALYSIS

3D Scanning MarketSize and Trends

The global 3D scanning market size was valued at USD 2,100.0 million in 2022 and is anticipated to witness a compound annual growth rate (CAGR) of 19.2% from 2023 to 2030. The global market for 3D scanning is expected to rise significantly in the future. Increasing investment in R&D is one of the factors responsible for driving the growth of the industry. Moreover, rapid technological advancements are also boosting the demand for the products in the global market. Besides the growing demand for the smarter production, a strong growth in the gaming industry is also likely to drive the market growth. Moreover, the growth in the media and entertainment industry is slated to fuel the growth of the 3D scanning market.

Global 3D Scanning Market Trends:

Emerging use of AI and machine learning with 3D scanning is a major trend

In the near future, the use of artificial intelligence (AI), machine learning, and 3D scanning will be applied for teaching computers make decisions based on particular criteria. Moreover, this combination will be useful to measure impressions and inspect dent in bigger aeroplanes and automotive that go unnoticed by humans. With this technology, manufacturers can decided how and when to treat the dent in the aircraft. Thus, this trend is growing in the global 3D scanning market, which is anticipated to boost growth of the market over the forecast period.

Introduction of more affordable products and innovations to the market is a growing trend

Several manufacturers, especially from Asian region, are bringing in innovations and products that more affordable into the market. This in turn is likely to help them gain a competitive edge in the global 3D scanning market. For instance, in January 2019, SHINING 3D, a China-based company showcased its new series of multi-functional, handheld 3D scanners and solutions, which covered “3D Digitizing-Design and Simulation-Additive Manufacturing”, for various industries. Thus, such efforts are increasing in the market, which is likely to continue in the coming years.