Home Business Market Survey & research 3D laser scanner market to grow at 8.18% CAGR by 2022: Report

3D laser scanner market to grow at 8.18% CAGR by 2022: Report

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Research and Markets has announced the addition of the 3D laser scanner market report, estimating the market growth of 8.18% by 2022.

US: Research and Markets has announced the addition of the 3D laser scanner market report, estimating the market growth of 8.18% by 2022. The report predicts the market growth at compound annual growth rate (CAGR) from 2017 to 2022.

3D laser scanners are the devices that can capture and measure the geometry of a physical object or the environment using lasers. The data captured by these scanners, known as point clouds, is used by software to produce 3D models, which can be utilized for various applications including reverse engineering, quality control & inspection, and virtual simulation, among others.

Moreover, the high level of quality control and inspection standards offered by 3D lasers scanners is fueling the market. However, the high cost of 3D laser scanners and the availability and affordability of traditional alternatives to 3D laser scanning are expected to be the major restraints affecting the growth of the said market.

3D laser scanners that have a scanning range of less than 1 meter are considered as short-range 3D laser scanners. These scanners offer a high degree of accuracy and real-time visualization of 3D scanning data. The growing number of manufacturing plants create a scope for short-range 3D laser scanners in the quality control & inspection application. Thus, the market for short-range 3D laser scanner is expected to grow at the highest CAGR throughout the forecast period.