The global 3D laser scanner market was valued at US$ 1,934.4 Mn in 2017 and is expected to expand at a CAGR of 9.6% from 2018 to 2026, according to a new report published by Transparency Market Research (TMR) titled “3D Laser Scanner Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2026.” North America is expected to hold the largest revenue share, with the market in the region expanding at a CAGR of above 9%. Integration of 3D scanners in consumer devices and rise of small and compact portable 3D scanner systems is boosting the growth of the 3D laser scanner market significantly.
Traditional methods of collecting measurements include a combination of various tools including measuring tapes, total stations, digital cameras, and laser range finders and more. These are relatively useful for small scale applications. The growing market 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 levels of accuracy even to the finest details.
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Several end-use industry verticals, especially manufacturing industries are looking for 3D laser scanner products for quality control and inspection of their manufactured components. Also, manufacturers use 3D laser scanners to detect the errors during castings which can be traced back during uneven cooling. Architecture and construction segment is expected to expand at the highest CAGR during the forecast period.
In terms of geography, the 3D laser scanner market is segmented into five regions namely, North America, South America, Middle East & Africa, Asia Pacific, and Europe. Among these, North America is expected to hold a major share of above 50% of the market, in terms of revenue, by 2026. Expansion of the 3D laser scanner market in North America is due to the increasing adoption of 3D laser scanner solutions in manufacturing and oil and energy industry for creating 3D models of the products and to check the quality of the goods being produced. The market in Asia Pacific is expected to expand at a significant CAGR during the forecast period.