Impact of COVID-19 on 3D scanner market

The outbreak and the spread of COVID-19 have affected the 3D scanner market. Several industry experts believe that this pandemic will subside by the end of the first quarter of FY2021. Considering the inputs from various industry experts from different stages of the 3D scanner value chain (which include OEMs, suppliers, end users, and distributors) as well as after consulting financial releases of different companies in the 3D scanner ecosystem for the year 2020, it has been estimated that the size of the 3D scanner market is expected to witness a decline of approx. 5.5% from 2019 to 2020.

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“The 3D scanner market for services offering is expected to grow at the highest CAGR from 2021 to 2026.”

The 3D scanner market for services offering is expected to grow at the highest CAGR from 2021 to 2026. The high cost incurred in setting up a 3D scanning facility and the lack of 3D metrology experts are the major factors for the growth of the market for 3D scanner services. Manufacturing companies are outsourcing their 3D metrology measurement and inspection work to service providers to achieve short measuring times, reduced measurement uncertainty, and process stability, thereby driving the 3D scanner services market.

“3D laser scanner market expected to grow at the highest CAGR during the forecast period.”

The use of laser scanning for analyzing and mapping underground areas is becoming prominent, and mine survey teams are witnessing a growing number of clients asking for laser-scanning services. The use of 3D laser scanners not only enables professional surveying companies to carry out precision surveys with high accuracy and speed but also enhances the confidence of clients in the data captured owing to the comprehensive coverage and 3D-viewing capabilities of these scanners. This drives the large-scale deployment of 3D laser scanners in the mining industry.

“The 3D scanner market for quality control and inspection is expected to hold largest share from 2021 to 2026.

The automotive and the aerospace and defense are the key industries wherein inspection is done. 3D scanning is mainly used in the automotive industry for the inspection of automotive components and powertrain components. It is also used for the full-body inspection of automobiles, as well as for ensuring accuracy and precision in different processes in vehicle manufacturing plants. Both automobile manufacturers and suppliers deploy 3D scanners for improved productivity. Automobile manufacturers use 3D scanners for automotive designing and styling, as well as for pilot plant metrology, assembly plant setups, automobile component inspections, full-vehicle inspections, etc. In the aerospace industry, 3D scanners are used for the inspection of aircraft components and turbine blades.

“The 3D scanner market for automotive industry is expected to hold largest share from 2021 to 2026”

3D scanner is used in the automotive industry in the early stages of the design, production, and installation of single components and finished products, and the installation of automated production lines. The process of quality control and inspection is vital for production as it enables faster response to quality issues, thereby leading to the growing demand for 3D scanning systems in the automotive industry.