Global 3D scanning market was over USD 3 billion in 2016 according to the latest market forecast from Global Market Insights.
Different market reports have slightly different growth forecasts, ranging from 7.8% to 15% CAGR between 2014 and 2023/2024 and this one is forecasting a higher growth rate of 15%. Global Market Insights forecasts that healthcare, architecture/engineering and entertainment/media markets for 3D scanning, in addition to traditional applications such as industrial manufacturing and aerospace & defense is poised to drive growth.
Below is the North America market size, which seems to be about 1/3 of the global market.
North America 3D scanning market size by application (USD Million)
"The 3D scanning market is highly fragmented in nature. With the intense competitive atmosphere in the industry, technological advancements undertaken by several industry participants play a vital role in influencing the industry growth. The players are scattered across different applications, technologies, and regions. The technology is being implemented in the entertainment field to generate 3D digital models for movies, photography, and video gaming purposes. They are being used in virtual cinematography as they are quicker to scan objects than manually generating models by using 3D modeling software." - Global Market Insights
Interesting to note that one of our customers already using the HP Structured Light 3D scanner to create digital animation characters through scanning clay models (see the video here) rather than manually generating models, so digital animators can concentrate on art first and wrestle with technology second.
We agree with this report that this is a field where we will see more adoption of 3D scanners. Furthermore, $3B market value is about the size of the VR market in 2016 too if we compare it to the figure by Digi-Capital. If VR market grows, we may see more adoption of 3D scanners too to enable faster creation of various 3D content.
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