3D Laser Scanner Market: Research Outlines Huge Growth In Market

Posted by surendra choudhary on April 6th, 2021

According to a new market report published by Transparency Market Research titled “3D Laser Scanner Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global 3D laser scanner market is expected to reach US$ 4,338.0 Mn by 2026, expanding at a CAGR of 9.6% from 2018 to 2026. North America held a prominent share of the 3D laser scanner market in 2016. Asia Pacific is projected to be at the forefront of global demand, and the market in the region is expected to expand at a significant CAGR among all regions.

The continuous growing demand for 3D design and presentation is paving the way for the increasing adoption of 3D laser scanning products. Manufacturing is one of the most significant industries moving significantly toward 3D laser scanners. Adoption of 3D laser scanners is expected to grow further as technologies constantly improve and costs tend to decline, thanks to increasing number of skilled users and constantly improving tools. Also, the growing demand for high precision measurement capture has led to the development of the 3D laser scanning market. 3D laser scanners play an important role in engineering and design services.  It helps in providing three dimensional view of every product or surface with highest level of accuracy even to the finest details.

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Short range segment to expand rapidly during the forecast period

The 3D laser scanner market can be segmented based on range, solution, product type, application, end-user, and geography. Based on range, the 3D laser scanner market has been further segmented into short, medium, and long. The growth of short range scanners is due to its increased deployment in the manufacturing process for inspection and quality control. As quality control and inspection is an integral part of the production process, demand for short range 3D laser scanners is expected to grow during the forecast period.

Solution segment to be a major revenue generating segment in 2026

Based on solution, the 3D laser scanner market has been divided into hardware, software, and services. The services segment is expected to expand at a significant CAGR during the forecast period. Based on product type, the 3D laser scanner market has been divided into fixed and handheld. Growth in demand for handheld devices is because of the increasing adoption of portable and easy to use scanners. In terms of application, the 3D laser scanner market has been divided into reverse engineering, inspection and quality control, virtual simulation, and others. In terms of end-users, the 3D laser scanner market has been divided into manufacturing, oil and energy, architecture and construction, heritage preservation, and others.

North America is expected to hold a substantial share in the overall market

Based on geography, the 3D laser scanner market has been divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a prominent share and account for more than 50% of the global market in 2026, followed by Europe. Expansion of the 3D laser scanner market in North America is due to the increasing deployment of 3D laser scanners in manufacturing industries, rise of handheld scanning devices, and growing demand to create 3D documentation in the architecture and construction industry. The market in Asia Pacific is expected to expand at a high CAGR of more than 10% during the forecast period, followed by North America. India, China, and Japan are among the major countries that held a dominant share in the 3D laser scanner market in Asia Pacific. Moreover, as a part of the strategy, several service providers are investing in development of tools specific to particular applications and are focused on new product developments, partnerships, and mergers and acquisitions in order to increase geographical reach in the global 3D laser scanner market.

Major players operating in the global 3D laser scanner market include FARO Technologies, Inc., Hexagon, AB, Creaform, Perceptron, Inc., Nikon Corporation, Topcon Corporation, Trimble Inc., ZEISS Group, Artec 3D, and 3D Digital Corp.