The global 3D scanning market is estimated to be worth $2.97 billion in 2015 and is projected to grow at a CAGR of 14.64% during the forecast period to reach $5.85 billion by 2020. 3D Scanning is a process which analyses three-dimensional attributes of real-world object or environment to collect data on its shape and appearance. It saves time and is cost effective way to produce quality output.
Continuous advancement in 3D scanning technologies and wide adoption across various industry verticals such as aerospace and defence, healthcare, energy, entertainment, travel and transportation/logistics, the market will witness robust growth over the next five years.
However, rising income levels in emerging economies, increasing awareness towards advanced medical treatment and growth of entertainment industry in Asia Pacific; will generate significant global revenue by 2020, witnessing rapid growth making it one of the significant markets globally. The developments and the initiatives taken by government globally in healthcare sector has also accelerated the growth in the sector and is expected to contribute significantly towards the adoption of 3D scanning technologies.
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