3D Scanner Market Worth $5.90 Billion by 2022
July 5, 2016 | Business WireEstimated reading time: 1 minute
Research and Markets has announced the addition of the "3D Scanner Market by Offering- Global Forecast to 2022" report to their offering.
The 3D scanner market size, in terms of value, is expected to grow from USD 3.41 billion in 2015 to USD 5.90 billion by 2022, at a CAGR of 9.6% between 2016 and 2022. The 3D scanner hardware market size, in terms of volume, is expected to reach 114.9 thousand units by 2022, at a CAGR of 10.9% between 2016 and 2022. 3D scanners can overcome the limitations of traditional inspection methods and reduce the time as well as cost of production operations while matching, or even exceeding the accuracy of traditional scanning.
The 3D scanning technology is used widely in the automotive industry for quality control and inspection to ensure that the components are manufactured within specified tolerance levels. With reduced inspection time and overall cost, automotive manufacturers can expedite the new product development cycle, which allows them to introduce new vehicle models and maintain a competitive edge in the market.
The APAC region holds a tremendous market potential in the near future and is expected to grow at the highest CAGR during the forecast period. Some of the major drivers for the growing demand for 3D scanners in the APAC region include the rising number of infrastructure projects, growing preference for custom implants, and increasing number of dental restoration surgeries.
Suggested Items
IDC Forecasts Slower Growth for Global Telecommunications Services Market: Could AI Help Telcos to Maintain Healthy Margins?
05/08/2024 | IDCWorldwide spending on Telecom Services and Pay TV Services reached $1,509 billion in 2023, an increase of 2.1% over 2022, according to the International Data Corporation (IDC) Worldwide Semiannual Telecom Services Tracker.
Simbe Partners with Plexus to Scale Manufacturing and Meet Global Retail Demand
05/08/2024 | Globe NewswireSimbe, the leading provider of Store Intelligence™ solutions that increase retailer performance through unprecedented visibility and insights, today announced a partnership with Plexus Corp. to bring its best-in-class retail robotics-as-a-service to market quickly and at global scale.
IDTechEx Discusses Low-Loss Materials: The Enabler of Future Connected Vehicles?
05/06/2024 | IDTechExFuture connected vehicles will offer future drivers a safer, smoother, and more convenient driving experience. Not only will drivers get access to more navigation and entertainment options, but they will also gain access to safety technologies that will potentially reduce accidents, improve congestion, and reduce emissions globally by allowing vehicle safety systems to communicate with each other and with city traffic infrastructure.
HBM Prices to Increase by 5–10% in 2025, Accounting for Over 30% of Total DRAM Value
05/06/2024 | TrendForceAvril Wu, TrendForce Senior Research Vice President, reports that the HBM market is poised for robust growth, driven by significant pricing premiums and increased capacity needs for AI chips.
Tablet Shipments Show Signs of Recovery in Q1 2024
05/06/2024 | IDCAfter more than two years of decline, worldwide tablet shipments posted modest year-over-year growth of 0.5% in the first quarter of 2024 (1Q24), totaling 30.8 million units, according to preliminary data from the International Data Corporation (IDC) Worldwide Quarterly Personal Computing Device Tracker.