North America 3D Scanners Market Growth Sturdy: Forecast to Grow at a CAGR of 7.2% by 2027
Published | 03 November 2021
North America's market for 3D scanners is growing rapidly due to rapid technological advancements and the growing use of 3D scanners in new market segments. The market is expected to be driven by growing adoption in the automotive, healthcare, architecture, and energy sectors in the next few years…
A recent study conducted by the strategic consulting and market research firm BlueWeave Consulting revealed that the North America 3D scanners market is estimated to grow at a CAGR of 7.2% during the forecast period (2021-2027). North American 3D scanners market is driven primarily by the growing focus on quality control and the need to collect large amounts of 3D data for modeling and analyzing medical treatments. 3D scanners provide manufacturers with a more efficient and productive way to develop products, reducing development time and production costs. Technological advancements in portability, scanning range, and image quality have also opened up new applications for this equipment. Furthermore, the growth of the 3D printing market, the use of high-definition film recording content, and the preservation of historic sites via 3D scanning are some of the factors expected to generate lucrative opportunities during the forecast period.
Increasing Application Of 3D Scanners in Medical Industry Favoring the North America 3D Scanners Market
The expanding application of 3D scanning in the healthcare/medical industry is emerging as one of the major driving factors for propelling the market growth. One of the major factors driving the growth of the healthcare/medical market is the increased use of 3D scanning in this industry. The 3D scanning process determines a patient's body shape, size, and skin surface. The 3D scanning process produces digital 3D models of a patient's body that can plan and prepare prior to surgery. This enables healthcare providers and surgeons to make informed decisions during any surgery.
North America 3D Scanners Market - By Type
Based on types, the North America 3D scanners market is segmented into optical scanners, laser scanners, and structured light scanners. The structured light scanners segment accounts for the largest market share due to its features, such as rapid scanning time, ease of scanning, production of dense and accurate data, high detailing, etc. Furthermore, the system uses low-cost off-the-shelf hardware, which is why it is so widely used in archaeological applications. Even diffused light-reflecting materials work well with these scanners. The increasing demand for these scanners encourages leading players to develop cost-effective and creative solutions for consumers, which are likely to drive the global market in the forecast period.
North America 3D Scanners Market - By End-User
Based on end-users, the North America 3D scanners market is segmented into healthcare, automotive, aerospace & defense, energy & power, architecture & construction, artifacts & heritage preservation, and tunnel & mining. The automotive application segment accounts for the largest market share due to its prominent use in making various critical parts of the vehicles and ensuring product quality. By recording surface measurements of vehicle parts, 3D scanners ensure the quality and control of the components. Furthermore, the architecture and construction segment contribute substantially to the market as it aids in the surveying of remote surfaces and complex geometrical surfaces.
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North America 3D Scanners Market - Regional Insights
Geographically, the North America 3D scanners market is segmented into the United States and Canada. The United States dominates the North America 3D scanners market. However, Canada is also growing at a substantial rate and is projected to witness a high CAGR during the forecast period. The advanced medical infrastructure of this region and favorable reimbursement policies for surgical operations plays a crucial factor in propelling the market growth. Additionally, 3D scanning is prominently used by healthcare professionals for studying body parts before surgical operations, which is fueling its market growth.
Impact of COVID-19 on North America 3D Scanners Market
The North America 3D scanners market was negatively halted by the sudden outbreak of the COVID-19 pandemic. Several industries that use 3D scanners - such as architecture and construction, automotive, energy and power, tunnels, and mining - were shut down to prevent the spread of the virus. As a result, the demand for 3D scanner hardware and aftermarket services dropped sharply, causing huge losses for manufacturers. The post-COVID-19 period will likely bring rapid market recovery since the countries focus on overcoming the economic slowdown by boosting market activities.
North America 3D Scanners Market - Competitive Landscape
The leading players in the North America 3D scanners market are Creaform USA Inc., Hexagon AB, Exact Metrology Inc., 3D Digital Corp., ARTEC 3D, HP Inc., 3D Systems Inc., Trimble Navigation Ltd., Basis Software Inc., Faro Technologies Inc., and other prominent players.
Players in the market are competing based on advanced technology and offering innovative products to attract customers. Businesses also aim to expand their sales channels in regions where there is growth potential. Moreover, to gain a larger market share, they offer a wide range of products that cater to the needs of different industries. Furthermore, the adoption of competitive strategies like partnerships, mergers, acquisitions, joint ventures, etc., is also prominent in this market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of the North America 3D scanners market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends of the North America 3D scanners market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.
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Publish Date: November 2021
North America 3D Scanners market is growing rapidly due to rapid technological advancements, growing application of 3D scanners in new market segments. Over the next few years, the market is likely to be driven by growing adoption in the automotive, healthcare, architecture, and energy sectors.
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