Technological Advancements in 3D Scanning Technology Are Anticipated To Primarily Govern 3D Body Scanners Market Growth Potential Through 2027
United States, Rockville MD, Sept. 05, 2022 (GLOBE NEWSWIRE) -- This new Fact.MR study currently places the global 3D body scanners market at US$ 131.5 million. Over the next five years, worldwide sales of 3D body scanners are estimated to increase at an astronomical CAGR of 14.9%.
An increasing per capita disposable income has led to a notable rise in consumer spending potential, which has subsequently favored growth in the retail sector. Rising technological proliferation has promoted the use of advanced 3D body scanning technology in the retail sector, which is expected to drive demand for 3D body scanners over the years to come. The growing popularity of video games and the flourishing video game development industry have also favored 3D body scanners market growth. 3D scanners are crucial in the 3D motion tracking technology that is being used extensively in video game development.
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This trend is common in the 3D body scanners marketplace as well, and new companies are creating innovative 3D body scanners to enhance their market presence in the industry landscape. These upcoming companies are also adopting different strategies to further bolster their market stance among the established market players.
3D body scanner suppliers are expected to focus on partnerships, collaborations, mergers, and acquisitions to increase their global market presence and bolster their revenue generation capacity.
In July 2022, TechMed 3D, a software measuring solution provider for the human body, announced the launch of a new processing software. SNAP, a mobile automatic processing software, allows users to scan the complete human body and obtain highly precise measurements from their phones.
Why is the U.S. an Attractive Market for 3D Body Scanner Companies?
“Rapid Adoption of Advanced Technologies & High Spending Potential in the U.S.”
The United States 3D body scanners market is anticipated to exhibit highly lucrative opportunities owing to the rapid adoption of novel technologies and the presence of key 3D body scanning equipment suppliers.
At present, the U.S. 3D body scanners market is valued at around US$ 33 million. High consumer spending makes this country a lucrative retail market and this is expected to favor 3D body scanner sales over the coming years.
The presence of developed digital infrastructure, technological advancements, and rising demand for 3D modelling and analysis are also expected to drive 3D body scanners market growth in the U.S. through 2027.
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Key Segments Covered in the 3D Body Scanners Industry Survey
By Application :
By Sector :
By Region :
3D body scanner manufacturers are focusing on product innovation and launching new products to bolster their sales potential.
In April 2022, SHINING 3D, a leading 3D solution provider, introduced a new addition to its FreeScan UE series of 3D scanners. FreeScan UE Pro is capable of providing a scanning accuracy of up to 0.02 mm.
In September 2020, Texel, a computer vision technology start-up based in Russia, raised US$ 1.5 million in funding. The funding was intended to be used for the expansion of its 3D scanning technology in the retail sector.
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Key players in the 3D Body Scanners Market
Braun & Company Ltd.
Smiths Detection Group Ltd.
Brijot Imaging Systems Inc.
Nuctech Co. Ltd.
Key Takeaways from 3D Body Scanners Market Study
The global 3D body scanners market is currently valued at US$ 131.5 million.
Shipments of 3D body scanners are anticipated to increase at a phenomenal CAGR of 14.9% through 2027.
Sales revenue of the 3D body scanners market is expected to reach US$ 264 million by 2027.
The United States market currently enjoys a valuation of US$ 33 million.
Technological advancements, rising use of 3D motion technology in video games, rapid digitization, growing use of cloud technologies, and high demand for 3D modelling and analysis are expected to favor market growth.
High cost of manufacturing and development of 3D body scanners are expected to have a hampering effect on overall market potential.
Sales of 3D body scanners in China are expected to increase at a CAGR of 17% over the next five years.
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