Technology 3D Scanner Industry Outlook and Overview | Page 2

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Applications in the 3D scanner market are aerospace & defense, industrial manufacturing, healthcare,
entertainment & media, and engineering & architecture. Industrial manufacturing reigned in 2014, accounting
for 30 % shares. 3D scanning can be a critical component of quality & inspection control across construction
industry.
Entertainment & media should witness the highest growth. It is estimated to reach USD 600 million by 2024, at
a healthy CAGR of 13 %. Rising significance of market devices in architecture may be attributed to the advent of
portable 3D scanners. 3D scanners help in archiving and preserving architectural pieces from museums.
Engineering & architecture will hold over 12.5 % shares by 2024.
Geographically, the worldwide 3D scanner market is fragmented on the basis of Europe, North America, Latin
America, Asia-Pacific, and RoW. North America reigned in 2013 and can lead over the forecast period. Latin
America is said to be the most lucrative region. It is predicted to exceed USD 750 million by 2024, at a CAGR of
13 % in the near future.
The same would be attributed to rising adoption of 3D scanners across various application and end-user
industries. Asia-Pacific held over 23% shares in 2014. This region is expected to grow rapidly, surpassing
incomes worth USD 1.5 billion by 2024. Major companies in the global market comprise Basis Software Inc.
(Surphaser); 3D Digital Corp.; Topcon Corp.; and FARO Technologies.
The industry is marked by strong rivalry and often indulges in mergers & acquisitions. Firms cater to different
sectors; like manufacturing, aerospace, education & research, and consumer goods. Introduction of ‘quality’ &
‘affordable’ 3D scanners provide future market prospects.
Browse Related Category Market Reports @ https://www.hexaresearch.com/research-category/next-
generation-technologies-industry
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