DUBLIN — (BUSINESS WIRE) — December 16, 2013 — Research and Markets ( http://www.researchandmarkets.com/research/kd7s8c/global_3d) has announced the addition of the "Global 3D Scanning Market 2014-2018" report to their offering.
The analysts forecast the Global 3D Scanning market to grow at a CAGR of 13.81 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increasing demand for 3D laser scanning. The Global 3D Scanning market has also been witnessing the increasing number of market consolidations. However, the high cost of implementation could pose a challenge to the growth of this market.
The key vendors dominating this market space are Creaform Inc., Faro Technologies Inc., Konica Minolta Inc., and Surphaser.
Other vendors mentioned in the report are 3D Digital Corp., 3D Systems Corp., Autodesk Inc., BuildIT, Creaform Inc., Dassault Systems S.A, Delcam Software, ExOne, Faro Technologies Inc., Geomagic Inc., Hexagon Metrology Inc., InnovMetric Software, Konica Minolta Inc., Leica Camera Inc., Maptek Pty Inc., Metrologic Instruments Inc., New River Kinematics, NextEngine Inc., PTC, Shapegrabber Inc., Siemens AG, Steinbichler Optotechnik GmbH, Topcon Corp., Trimble Navigation Ltd and Verisurf Software Inc.
Commenting on the report, an analyst from the team said: The Global 3D Scanning market is highly fragmented, which creates many opportunities for mergers and acquisitions. Both large application vendors and core software-based 3D scanning vendors are taking the merger and acquisition route to enhance their market presence and expand their reach. Large companies are acquiring smaller players with the motive of increasing their product portfolio and market share. Through such acquisitions, larger companies gain a competitive edge by achieving technological advancement and obtaining the opportunity to enter emerging or new markets. For instance, in October 2012, 3D Systems acquired Rapidform for US$35 million and in December 2012, Stratasys Inc. and Objet Ltd. merged to become the leader in 3D printing and direct digital manufacturing. Since many vendors are seeking to gain market share, more acquisitions are anticipated during the forecast period.
According to the report, one of the major drivers in this market is the increasing demand for 3D laser scanning. Currently, there is increasing demand for automated business processes that permit flexibility in response to changing business conditions. The changing demands and market environment have prompted organizations to use laser scanning in order to reduce their overall scanning and printing costs. To respond to the constantly changing technological environment, it is important for organizations to adopt new technologies such as laser scanning.
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