Global 3D Laser Scanner Market - snapshot
According to a new market report published by Transparency Market Research titled “3D Laser Scanner Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026,” the global 3D laser scanner market is expected to reach US$ 4,338.0 Mn by 2026, expanding at a CAGR of 9.6% from 2018 to 2026. North America held a prominent share of the 3D laser scanner market in 2016. Asia Pacific is projected to be at the forefront of global demand, and the market in the region is expected to expand at a significant CAGR among all regions.
The continuous growing demand for 3D design and presentation is paving the way for the increasing adoption of 3D laser scanning products. Manufacturing is one of the most significant industries moving significantly toward 3D laser scanners. Adoption of 3D laser scanners is expected to grow further as technologies constantly improve and costs tend to decline, thanks to increasing number of skilled users and constantly improving tools. Also, the growing demand for high precision measurement capture has led to the development of the 3D laser scanning market. 3D laser scanners play an important role in engineering and design services. It helps in providing three dimensional view of every product or surface with highest level of accuracy even to the finest details.
Short range segment to expand rapidly during the forecast period
The 3D laser scanner market can be segmented based on range, solution, product type, application, end-user, and geography. Based on range, the 3D laser scanner market has been further segmented into short, medium, and long. The growth of short range scanners is due to its increased deployment in the manufacturing process for inspection and quality control. As quality control and inspection is an integral part of the production process, demand for short range 3D laser scanners is expected to grow during the forecast period.
Solution segment to be a major revenue generating segment in 2026
Based on solution, the 3D laser scanner market has been divided into hardware, software, and services. The services segment is expected to expand at a significant CAGR during the forecast period. Based on product type, the 3D laser scanner market has been divided into fixed and handheld. Growth in demand for handheld devices is because of the increasing adoption of portable and easy to use scanners. In terms of application, the 3D laser scanner market has been divided into reverse engineering, inspection and quality control, virtual simulation, and others. In terms of end-users, the 3D laser scanner market has been divided into manufacturing, oil and energy, architecture and construction, heritage preservation, and others.
North America is expected to hold a substantial share in the overall market
Based on geography, the 3D laser scanner market has been divided into North America, South America, Europe, Asia Pacific, and Middle East & Africa. North America is expected to hold a prominent share and account for more than 50% of the global market in 2026, followed by Europe. Expansion of the 3D laser scanner market in North America is due to the increasing deployment of 3D laser scanners in manufacturing industries, rise of handheld scanning devices, and growing demand to create 3D documentation in the architecture and construction industry. The market in Asia Pacific is expected to expand at a high CAGR of more than 10% during the forecast period, followed by North America. India, China, and Japan are among the major countries that held a dominant share in the 3D laser scanner market in Asia Pacific. Moreover, as a part of the strategy, several service providers are investing in development of tools specific to particular applications and are focused on new product developments, partnerships, and mergers and acquisitions in order to increase geographical reach in the global 3D laser scanner market.
Major players operating in the global 3D laser scanner market include FARO Technologies, Inc., Hexagon, AB, Creaform, Perceptron, Inc., Nikon Corporation, Topcon Corporation, Trimble Inc., ZEISS Group, Artec 3D, and 3D Digital Corp.
Global 3D Laser Scanner Market: Overview
The report on the global 3D laser scanner market provides analysis for the period between 2016 and 2026, wherein 2017 is the base year, and the period from 2018 to 2026 is the forecast period. Data for 2016 has been included to provide historical information. The study provides a comprehensive analysis of the expansion of the market during the forecast period, in terms of revenue estimates (in US$ Mn), and volume estimates (in Thousand Units) across different geographies. The report covers market dynamics including drivers, restraints, opportunities, and trends expected to influence the expansion of the global 3D laser scanner market during the said period. Technologies that are playing a major role in driving the global 3D laser scanner market have also been considered in the study.
The report also includes 3D laser scanner key industry developments, and Porter’s Five Force analysis which identifies bargaining power of suppliers, bargaining power of buyers, threat from new entrants, threat from substitutes, and threat from competition in the 3D laser scanner market. Value chain analysis which identifies key stake holders in the market is also covered in the report.
Global 3D Laser Scanner Market: Scope of the Report
The 3D laser scanner market has been segmented based on range, solution, product type, application, end-user, and region. Based on deployment type, the market has been classified into short, medium, and long. Based on solution type, the market has been classified into hardware, software, and services. Based on product type, the market has been classified into fixed and handheld. In terms of application type, the market has been classified into reverse engineering, inspection and quality control, virtual simulation and others. Based on end-user, the 3D laser scanner market is classified into manufacturing, oil and energy, architecture and construction, heritage preservation, and others. Geographically, the report classifies the global 3D laser scanner market into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America; the regions are analyzed in terms of revenue generation. Furthermore, region-wise prominent countries covered in the report include the U.S, Canada, the U.K., Germany, France, Japan, China, India, GCC countries, South Africa, and Brazil.
Global trends have also been added in the 3D laser scanner study. Additionally, the report also covers segment-wise comparison matrix, market attractiveness analysis, and market positioning of key players for all regions covered in the scope of study.
Comparison matrix includes segment growth matrix, 2016 – 2026 (%), segment revenue contribution, 2016 - 2026 (%), and segment compounded annual growth rate matrix (CAGR %). Market attractiveness identifies and compares market attractiveness of segments based on CAGR and market share index across North America, Europe, Asia Pacific, Middle East & Africa (MEA), and South America.
Global 3D Laser Scanner Market: Research Methodology
Secondary research sources typically include, but are not limited to company websites, annual reports, financial reports, broker reports, investor presentations, and SEC filings, internal and external proprietary databases, and relevant patent and regulatory databases, national government documents, vendors whitepapers, statistical databases, and market reports, news articles, press releases, and webcasts specific to companies operating in the market.
Primary research involves e-mail interactions, telephonic interviews, and face-to-face interviews for each market, category, segment, and sub-segment across geographies. We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate the data and analysis. Primary interviews provide first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook, etc. These help us to validate and strengthen secondary research findings. These also help develop the analysis team’s market expertise and understanding.
Global 3D Laser Scanner Market: Competitive Dynamics
Furthermore, the report includes competition landscape which comprises competition matrix, market share analysis of major players in the 3D laser scanner market based on their 2017 revenues, and profiles of major players. Competition matrix benchmarks leading players on the basis of their capabilities and potential to grow. Factors including market position, offerings, and R&D focus are attributed to a company’s capabilities. Factors such as top line growth, market share, segment growth, infrastructure facilities, and future outlook are attributed to a company’s potential to grow. This section also identifies and includes various recent developments carried out by leading players of the 3D laser scanner market.
Company profiling includes company overview, major business strategies adopted, SWOT analysis, and market revenues between 2016 and 2018. The global players profiled in the global 3D laser scanner market include FARO Technologies, Inc., Hexagon, AB, Creaform, Perceptron, Inc., Nikon Corporation, Topcon Corporation, Trimble Inc., ZEISS Group, Artec 3D, and 3D Digital Corp.
3D Laser Scanner Market Analysis, by Range
3D Laser Scanner Market Analysis, by Solution
3D Laser Scanner Market Analysis, by Product Type
3D Laser Scanner Market Analysis, by Application
- Reverse Engineering
- Inspection and Quality control
- Virtual Simulation
3D Laser Scanner Market Analysis, by End-use
- Oil and Energy
- Architecture and Construction
- Heritage Preservation
Additionally, the report provides cross-sectional analysis of the 3D laser scanner market with respect to the following geographical segments:
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of Middle East & Africa
- South America
- Rest of South America