There has been increased 3D scanning market adoption in Augmented Reality (AR) and Virtual Reality (VR) headsets over the years. These technologies offer advanced visual effects, CGI creation and scanning of real world locations, which is enhancing game play and is creating real life situations. With the rise of VR, the technology has become prominent in the entertainment & media industry and is widely being used for scanning of sports venues and development of video games thereby boosting the 3D scanning market demand. The non-contact feature of the systems offers numerous advantages in heritage preservation and is capturing specific customer base, which is helping widen the growth potential.
The short-range segment in the 3D scanning market is expected to grow drastically, owing to the low cost and high portability of these devices. Moreover, they are increasingly used by the small and medium businesses due to their affordability. These devices can be classified into contact or non-contact categories. The coordinate measuring machines form a part of contact type scanners and are commonly used where the object is probed through physical touch. The main drawback of these devices is rigidity that hampers the adoption.
3D scanning market is expected to witness high demand from the entertainment industry, owing to the increasing applications in gaming sector. EA Sports is the first gaming company to use this technology to laser scan every hole featured in the game at Augusta National Golf Club. It enables the players to gain knowledge about the authentic digital presentation of the tournament. In 2015, FIFA also used this technology to capture faces of the players and information about the stadium. Use of character doubles created using this technology is a growing trend in the industry, owing to its ability for quick creation of replicas and high accuracy compared to modelling from photographs.
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These devices are gradually being used in industrial manufacturing for high precision measurement and defect detection before mass manufacture of products. The growth of the 3D scanning market in industrial manufacturing can be majorly attributed to the implementation in automotive designing & manufacturing, material processing, and plant inspection applications. In addition, the usage of these technologies in industrial production has helped improve efficiency.
The North America 3D scanning market is expected witness remarkable growth over the forecast timespan, due to growing construction sector and increasing application in automobile industry. Increasing number of refurbishment projects are providing growth opportunities for the software manufacturers to develop customized products. The manufacturers and technology providers in the 3D scanning market are leveraging the advancements in technology to gain competitive advantage. For instance, Autodesk, Inc. is developing software to integrate the data captured by unmanned aerial vehicles (UAVs) with 3D scanning technology to gain more insights.
The industry participants comprise Steinbichler, 3D Digital Corp., Basis Software Inc, 3D Systems, Hexagon AB, Ametek, Creaform, Autodesk Inc. and FARO Technologies, Inc.
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Regional governments have been promoting the usage of advanced 3D scanners to enhance the efficacy of the medical services. Subject to the product’s capability to resolve complex theories, it has been extensively used in the medical sector. Many of the researchers have been continuously introducing new techniques to manufacture challenging 3D objects. As per the market study, 3D scanning market will collect a revenue of more than USD 10 billion by 2024 with an annual growth rate of 15% over 2017-2024.