WELLESLEY, MA - Three-dimensional (3-D) scanners have expanded into a wide variety of commercial, scientific and artistic market niches. BCC Research reveals in its new report that key market trends include technology improvements, expanding applications across various industries, price reductions, and improvements in performance, all of which are spurring big demand in this vibrant market.
This report examines three 3-D scanning technologies: laser triangulation, structured light, and conoscopic holography. The report also analyzes four specifically targeted application segments: quality control (QC) and automated inspection; reverse engineering; asset generation; and body scanning.
The value of the global 3-D scanning market for 3-D scanning technologies, inclusive of the three 3-D scanning technologies/application segments, should reach almost $5.9 billion in 2015, driven primarily by increased use in industrial and manufacturing applications as a QC and automated inspection mechanism. By 2020, the market should reach nearly $13.3 billion, reflecting a five-year compound annual growth rate (CAGR) of 17.7%.
Much of the demand for 3-D scanning technologies is expected to come from the North American region, which is estimated to account for over 59.4% of the market by 2020. This, in turn, stems from strong demand for the region's QC and automated inspection market, notably the U.S. The Asia-Pacific market should sustain the highest growth rate, a five-year CAGR of 27.7% that will lift it past Europe in terms of total market size by 2020. The latter region should experience a five-year year CAGR of 11.7% over the same period.
Rapid development of the technology is allowing simultaneous increases in performance and decreases in cost. These advances will enable 3-D scanning technologies to penetrate additional new market segments and industries, as well as deepen their importance to the markets and industries in which the technology is already utilized.
"As technology improves and awareness of the capabilities of 3-D scanners becomes more widespread, their role will continue to increase," says BCC Research analyst Erik Vickstrom. "While there are competing technologies whose development can slow this growth in certain market verticals, the immense untapped potential allowed by the relatively simple digitalization of physical objects means that market growth even in those areas will be slowed, rather than stopped or reversed."
3-D Scanning: Technologies and Global Markets (IAS090B) analyzes the industry by technology, by type, and by end-user application. The report examines emerging applications, trends, pricing considerations, R&D, government regulations, and competitive technologies. Analyses of global market drivers and trends, with data from 2014, 2015, and projections of CAGRs through 2020 also are provided.
About BCC Research
BCC Research publishes market research reports that make organizations worldwide more profitable with intelligence that drives smart business decisions. These reports cover today's major industrial and technology sectors, including emerging markets. For more than 40 years we've helped customers identify new market opportunities with accurate and reliable data and insight, including market sizing, forecasting, industry overviews, and identification of significant trends and key market participants. We partner with analysts who are experts in specific areas of industry and technology, providing unbiased measurements and assessments of global markets. Recently selected as the world's greatest market research company, BCC Research is a unit of Eli Global, LLC. Visit our website at www.bccresearch.com. Contact us: (+1) 781-489-7301 (U.S. Eastern Time), or email email@example.com.