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According to The Business Research Company’s research on 3D digitization marketthe global 3D scanning market share is expected to increase from $4.46 billion in 2021 for $5.18 billion in 2022 at a compound annual growth rate (CAGR) of 16.1%. The Russian-Ukrainian war has disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions against several countries, a spike in commodity prices and supply chain disruptions, affecting many markets around the world. According to TBRC’s 3D scanning market research, the 3D scanning market is expected to reach $8.23 billion in 2026 to CAGR of 12.3%.
Rising demand for virtual reality and augmented reality is expected to propel the growth of the 3D scanning market in the future. Virtual reality refers to the 3D environment created digitally using advanced computer technology to create objects and scenes that appear real to the user, making them feel immersed in their surroundings. 3D scanning helps by bringing real objects and scenes into a remotely accessible virtual world. For example, according to International Data Corporation, an American media, events and research company, during the first quarter of 2022, global shipments of VR headsets jumped 241.6% compared to the same period last year. last. Hence, increasing demand for virtual reality and augmented reality will propel the 3D scanning market.
Technological advancement is a key trend gaining popularity in the 3D scanning market. Major companies operating in the 3D scanning sector are focusing on developing advanced and innovative technological solutions to strengthen their position in the market. For example, in October 2021, API Metrology, an American company specializing in 3D measurements and high-volume metrology solutions, launched iScan3D based on laser technology. This is a metrology-grade handheld 3D scanner. This scanner has improved optics and blue cross laser lines to generate a metrology-grade point cloud quickly and accurately. The process controller embedded in iScan3D communicates with API’s Radian Six Degrees of Freedom (6DoF) laser tracker to precisely supervise scan positions and provide high-accuracy measurements and scans.
The major players in the 3D scanning market are Faro Technologies Inc, Creaform Inc, Direct Dimensions Inc, GOM GmbH, Konica Minolta Inc, Nikon Corporation, Autodesk Inc, 3D Systems Inc, ShapeGrabber, Maptek Pty Ltd, Hexagon AB, Metrologic Group, Keyence Corporation, Mitutoyo Corp, Jenoptik and Artec 3D.
North America was the greater region in the 3D scanning market in 2021. Asia Pacific should be the fastest growing region in the forecast period. Regions covered in the 3D Scanning market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The Global 3D digitization market is segmented by Type into Optical Scanner, Laser Scanner, Structured Light Scanner; by offering hardware, software, services; by application in entertainment and media, aerospace and defense, healthcare, civil and architecture, industrial manufacturing, other applications.
3D Global Digitization Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026 is part of a series of new reports from The Business Research Society which provides 3D Scanning Market forecast size and growth, 3D Scanning Market segments, 3D Scanning Market Trends, Drivers and Restraints, Revenue, Profiles and Market Share of major competitors in its competitive landscape section for over 3,000 industry reports, covering over 2,500 market segments and 60 geographies.
The report also gives an in-depth analysis of the impact of COVID-19 on the market. The reports are based on 1,500,000 datasets, extensive secondary research and proprietary insights from interviews with industry leaders.
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