Structured Light 3D Scanner Market Opportunities
The Business Research Company recently released a comprehensive report on the Global Structured Light 3D Scanner Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
According to The Business Research Company’s, The structured light 3D scanner market size has grown rapidly in recent years. It will grow from $1.36 billion in 2023 to $1.60 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to increased automation, preservation of cultural heritage, demand for reverse engineering, increased focus on safety, rising adoption in surveying and mapping, increasing demand for 3D modeling.
The structured light 3D scanner market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%. The growth in the forecast period can be attributed to rising adoption in construction and architecture, increasing demand from automotive industry, growing e-commerce and online retail, cost reduction and affordability, government initiatives and regulations. Major trends in the forecast period include integration with drone technology, advancements in healthcare applications, advancements in software solutions, emergence of portable and handheld scanners, integration with augmented reality (AR) and virtual reality (VR).
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Market Drivers and Trends:
The growing gaming and entertainment industry is expected to propel the growth of the structured light 3D scanner market going forward. The gaming and entertainment industry encompasses sectors involved in creating, producing, and distributing interactive and recreational content for audiences’ enjoyment. The growing gaming and entertainment industry is fueled by the popularity of online gaming and esports, the emergence of virtual reality (VR) and augmented reality (AR) technologies, and the proliferation of smartphones and tablets. Structured-light 3D scanners enhance gaming and entertainment experiences through immersive virtual environments and realistic character modeling. Structured-light 3D scanners are used by game developers to record three-dimensional models of real-world objects, props, and even actors. These scanned models serve as the foundation for building realistic individuals, creatures, and items in the game world. For instance, in January 2022, according to the Entertainment Software Association (ESA), a US-based trade association of the video game industry, consumer spending on video games in the United States reached a total of $60.4 billion in 2021, marking an 8% rise compared to 2020. Consumer spending in 2021 surged to $51.7 billion, marking a 7% uptick from the previous year. Hardware expenditures escalated to $6.1 billion, representing a 14% rise, while accessories garnered $2.7 billion, reflecting a 2% increase. Therefore, the growing gaming and entertainment industry is driving the growth of the structured light 3D scanner market.
Major companies operating in the structured light 3D scanner market are focusing on developing innovative products, such as zoom-enabled optical 3D scanners, to boost their revenues in the market. A zoom-enabled optical 3D scanner is a type of scanning device that utilizes optical technology to capture three-dimensional data about objects. These scanner offers the additional capability of adjusting its optical zoom level, allowing users to capture detailed 3D data at various levels of magnification. For instance, in March 2024, Hexagon AB, a Sweden-based industrial technology company, launched the SmartScan VR800. It is the first optical 3D scanner available on the market with a motorized zoom lens that allows users to fully customize software settings for data resolution and measurement volume. The SmartScan VR800 includes capabilities such as Smart Resolution, Smart Zoom, and Smart Snap, which enable users to rapidly modify data resolution, measurement volume, and record orientation data.
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Major Key Players of the Market:
Carl Zeiss Optotechnik GmbH, Hexagon AB, Nikon Metrology NV, Trimet, 3D Digital Corporation, FARO Technology Inc., GOM GmbH, Creaform Inc., Shining 3D Tech, Basis Software Inc., Perceptron Inc., Steinbichler Optotechnik GmbH, Capture 3D, Artec 3D, Solutionix Corporation, Kreon Technologies, Breuckmann GmbH & Co. KG, Exact Metrology, Riegl Laser Measurement Systems, EVA Optic, ScanTech International Inc., ShapeGrabber Inc., RangeVision, True Point Laser Scanning LLC, Fuel 3D
Structured Light 3D Scanner Market 2024 Key Insights:
• The structured light 3D scanner market size is expected to see rapid growth in the next few years. It will grow to $3.04 billion in 2028 at a compound annual growth rate (CAGR) of 17.4%.
• Growing Gaming And Entertainment Industry Fuels Growth In The structured light 3D scanner Market
• Advancements In Optical 3D Scanners
• North America was the largest region in the structured light 3D scanner market in 2023
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