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_2020: 3D scanning market reaches $4.90B

FORECAST: The global 3D scanning market is expected to reach USD 4.90 billion by 2020 on account of increasing requirement from numerous applications. Rapid technological advancements to develop innovative products including 3D digitization that have the ability to render high resolution and rapid scanning techniques are expected to have a positive impact on growth.

Need to preserve the historic edifice and aging infrastructure with historical significance worldwide are projected to have a positive influence on the industry. Growing demand from software solution suppliers and hardware manufacturers is expected to augment growth. Technology has become more accessible to professionals owing to continuous enhancements which result in driving sales thereby propelling demand in the market. However, high-priced scanners are expected to impede the 3D scanning industry.

Laser scanners were the leading product segment and contributed to over 60.0% of the overall market in 2013. The structured light product sector is projected to gain prominence over the forecast period owing to numerous applications in varied segments on account of its ability to create rapid prototypes with great accuracy and precision.

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Tue, March 28 2017 » economy, technology