3D scanning market is anticipated to experience a robust growth on account of rising implementation in reverse engineering, quality control and rapid prototyping

Industry Insights

The global 3D scanning market size was valued at USD 3.32 billion in 2015 and is anticipated to reach USD 8.04 billion by 2025. The 3D scanning market is anticipated to experience a robust growth on account of rising implementation in numerous end-applications including reverse engineering, quality control and rapid prototyping. In addition to offering quick results with better efficiency, the technology is easily affordable and economical. Other technological improvements and innovations with respect to 3D scanners such as handheld 3D scanners are also anticipated to serve the market.

Suppliers and manufacturers of hardware and developers of software solutions emphasize on operational ease and continuous enhancements in workflow. Subsequently, making technology easily accessible to professional users and thereby driving sales. The downside of this technology is the understanding and analysis of complex applications such as point cloud management, application to a CAD authoring which may hamper 3D scanning market growth. Therefore, ease-of-use of these workflow management techniques has become a priority for a client’s success with the product.

The 3D scanning market is price elastic and identified by technological advancements and extreme competition. Currently, high-priced scanners pose a challenge in the market; however, it is expected that in the coming years, the impact may decrease as suppliers concentrate on introducing low-budget devices and achieving economies of scale.

In-Depth research report on 3D Scanning Market:

https://www.millioninsights.com/industry-reports/3d-scanning-market 

Product Insights

On the basis of product type, the 3D scanning market can be classified as the optical scanners, lasers, and structured light. In 2013, laser scanners occupied the majority of market. Nevertheless, the structured light and optical product segments are projected to gain market share at the fastest pace from 2014 to 2020. 3D scanners are used for quality control checks, reverse engineering purposes and rapid prototyping. Additionally, to ensure precise specifications and accuracy, 3D scanning also provides speedy quality inspection.

Range Insights

3D scanners are categorised into short range, medium range, and long range scanners on the basis of range and distance. In 2013, short range scanners emerged as the industry leader and it is expected to continue a similar trend throughout the forecast period. Structured light and laser triangulation methods, that have a very less focal distance, are employed by these scanners. Medium range scanners are anticipated to capture market share over the forecast period.

Application Insights

Several industries confront challenges in terms of safety, cost and schedule which usually stem out of control due to inadequate and erroneous dimensional procedures. In the manufacturing and engineering sector, and 3D scanning plays a vital role as a part of quality assessment and control systems. They help in reducing risks, especially in fields where energy concentration is high, location access is expensive and fabrication methods and modular design techniques are deployed thereby driving market growth from 2014 to 2020.

Browse reports of similar category available:

https://www.millioninsights.com/industry/technology 

Introduction of portable scanners have spurred demand for the 3D scanning market thereby gaining popularity for architecture applications. These products are widely used in archaeology as they preserve and archive many architectural pieces from museums. Utilization of 3D scanning systems offer an environment of historic times by effectively setting up virtual museums by scanning for virtual museums online or on-site and representing art pieces for multimedia presentations. Techniques such as reverse engineering that are based on virtual restoration is also anticipated to accelerate product acceptance across the architecture sector. In addition, rising demand for media and entertainment is observed to boost 3D scanning market.

Upsurge in 3D content together with technological advancements have resulted in rapid product launches and high-quality images and video distribution. Smartphone cameras have witnessed significant progress in the past few years in addition to original equipment manufacturers (OEM) upgrading their products with 3D imaging capabilities.

Regional Insights

In 2013, North America constituted for a significant percentage of the overall market. Structured light scanners which are known for measuring 3D shapes of objects using cameras and projected light patterns are anticipated to experience a high growth in the regional market from 2014 to 2020. High demand for 3D scanners across various application segments together with rising acceptance for portable scanners in region including Latin America and Asia Pacific are expected to spur market demand over the forecast period.

Competitive Insights

Key market participants include Ametek (Creaform), 3D Digital Corp., FARO Technologies, Basis Software Inc (Surphaser), Topcon and Maptek. Firms in the market primarily cater to a broad range of applications across varied industries such as manufacturing, aerospace, research & education and consumer products. The industry is identified by a stiff competition with frequent mergers and acquisitions, in the software and hardware industry. The market is expected to provide new avenues to expand and grow by new product development of cost-effective 3D scanners over the forecast period.

To get free request sample:

https://www.millioninsights.com/industry-reports/3d-scanning-market/request-sample 

Increase in the purchasing power of the people is creating opportunities for the market growth

The global automotive lighting market size was valued at USD 19.64 billion in 2014 and is anticipated to reach USD 34.65 billion by 2022. Global automotive market will witness a steady growth with growing demand of automotive vehicle in the upcoming years. Increasing automotive production, rising concerns about vehicle safety, growing population and also government are driving the growth of the market. On addition to it, the increase in the purchasing power of the people is also creating opportunities for the market growth. Lighting is a vital component in automotive vehicles and plays a very important role in automotive safety. Automotive vehicle consists of variety of lights to increase the visibility in darkness and bad weather conditions and automotive lights also increase the conspicuity (that is the clarity of observing things) of the vehicle. The lighting system comprises of signalling and lighting devices. The lighting devices are placed in different locations of the vehicle including front, rear, top and interiors.

Halogen being an easily available and cost efficient technology has been majorly adopted by the market and is therefore, being used in lighting technology in the automotive sector also LED and Xenon are prominent lighting technologies which are in prime use in the global automotive lighting market. LED is likely to witness the highest growth amongst the three technologies during the forecast period. LED is relatively costlier, hence, at present is majorly being used in the high-end vehicles. However, research is being done to lower their cost as a result of which it would create significant rise in demand of LED lights in the upcoming years. The automotive lighting market is segmented based on technology, vehicle types, lighting applications, product sale and geography.

Browse full research report:

https://www.millioninsights.com/industry-reports/automotive-lighting-market-size 

On the basis of lighting applications, the market is segmented into rear lighting, front lighting, interior lighting and side lighting. The technology is segmented into LED, halogen and xenon. Based on vehicle type, the market is segmented into commercial vehicles and passenger vehicles. Based on product sale, the market is segmented in aftermarket product and OEM product. The geographical segmentation of automotive lighting include North America ( U.S. , Canada, Mexico) , Europe (Germany , UK , France , Italy) , Asia Pacific (China, India, Japan), RoW ( Brazil, Russia), Latin America and Middle East Africa. The global automotive lighting market is an excessively fragmented market with the presence of many regional and global local vendors. The global automotive lighting market is very dependent on automobile sales and the growth driven by the increase in automotive production. The market has seen constant innovations and development of new products, which in turn resulted in an excessive competitive environment for the manufacturers of the automotive lighting.

The key players of the global automotive lighting market include Ichikoh Industries Ltd., General Electric (GE), Koninklijke Philips N, Koito Manufacturing Co. Ltd, Magneti Marelli S.P.A, Valeo, Stanley Electric Co., Hella KGaA Hueck & Co., Ltd., Zizala Lichtsysteme GmbH, Osram GmbH, Hyundai Mobis, Royal Philips Electronics. The global automotive market is expected to grow at a CAGR 8% during the forecast period which can result to be profitable for the global automotive lighting market also. Ambient lighting is one application where lighting is strategically placed in the vehicle to create an experience and induce a psychologically pleasing effect. Headlamps, DRL, auxillary lights, off road lights, compact lights, dome lights, instrument display lights, fog lights and taillights are the popular segments in the global automotive lighting market attracting automotive designers with their unique and stylish looks. In the upcoming years the use of LED lighting is expected to cover of the total market soon in the upcoming years. Broadly automotive lighting market is segmented as Interior lighting and exterior lighting during the year 2015, the exterior lighting segment had dominated the global automotive lighting market, with a very high market share. Exterior lighting plays a very important role in ensuring safety and with more manufacturers focusing on the safety aspect demand for exterior lighting is expected to rise in the next seven years.

The growth in the Asia Pacific region is driven by India and China, which are the largest markets for automotive production in the Asia Pacific region. The Asia Pacific region is a hub for automotive components due to improved infrastructure, preferences and changing lifestyles, government initiatives, and overall reduction in vehicle production costs. There is a high growth in the number of vehicles in the BRIC nations which further creates large opportunity for the growth of automotive lighting market during the forecast period. Purchasing power is increasing which in turn is increasing the demand for advanced and sophisticated technologies which include advance front light system (AFS) and daylight running lights system (DRL). Automotive lighting indicates vehicle's presence, position, size, driver’s intentions regarding direction, and direction to travel and speed of the vehicle that is travelling. The demand for aesthetic lighting is also increasing which in turn would support the demand of lights in commercial and private cars.

To get free request sample:

https://www.millioninsights.com/industry-reports/automotive-lighting-market-size/request-sample

Operating room equipment market size is expected to reach USD 48.50 billion by 2025

The global operating room equipment market size was valued at USD 26.24 billion in 2016 and is expected to reach USD 48.50 billion by 2025, at CAGR of 7.2%. Growing demand for improved medical facilities coupled with transition from conventional to state-of-the-art operation theaters is anticipated to escalate the operating room equipment market over the forecast period. Technological transformations, infrastructural development and high investments in the medical devices by hospital and healthcare centers are expected to spur the medical equipment demand over the forecast period. Development of hybrid operating rooms has prompted the installation of multi-purpose equipment, enabling automated results coupled with high operational efficiency, providing ample space for the introduction of high end equipment.

High occurrence of medical disorders among geriatric population along with the prevalence life threatening diseases is anticipated to fuel advanced operating equipment demand. Availability of advanced surgical tools and high prevalence of chronic disorders or diseases is also anticipated to escalate product demand over the forecast period. Key challenge faced by the industry includes the high cost associated, which is expected to hamper introduction of these devices in hospitals. Lack of knowledge and skilled manpower required to handle complex devices is also expected to hinder market growth over the forecast period.  Rise in number of high-end operating rooms accompanying advanced equipment along with increasing number of ASC (Ambulatory Surgical Center) is anticipated to substantially drive the level of innovation among manufacturers instigating them to provide latest technologies.

Browse full research report:

https://www.millioninsights.com/industry-reports/operating-room-equipment-market

Advanced and efficient operating tables, surgical booms, operating room integration systems, operating room lights, surgical headlights, surgical light sources and surgical imaging display forms an integral part of the new age hybrid theaters. Further, anesthesia equipment, electrosurgical generators, defibrillators, respiratory ventilators, endoscopy equipment, vital sign monitors, pneumatic tourniquet, infusion pumps, surgery microscopes, medical stainless steel, patient warmers, suction pumps, hospital stretchers, medical warmers, hospital stretchers, autoclaves & sterilizers, sequential compression devices and vaporizers & accessories contributes essential functionalities to an operating theater.

Integration of non-surgical and surgical equipment in the hybrid operating rooms including patient monitoring, diagnostics and radiology among others coupled with imaging techniques such as MRI scanners, CT scanners and C- arm provides better ease and flexibility to the specialist to perform the task. Installation of hybrid operation rooms largely reduces the hustle of transferring a patient from the operation theater to the scanning center. This greatly automates the work efficiencies and results in better patient care, thereby adding to the business value.

Operating rooms presently require high-definition fixed imaging and video equipment, enabling information from all over the hospital at the surgeon’s fingertip, and are expected to drive the industry demand over the forecast period. The industry is witnessing a growing trend towards installation of larger imaging systems. Operating rooms today are an economic engine for any medical facility, and accounts for more than 60% of the revenue. Further, hospitals often face an increasing drive for patient oriented effectiveness. Hospitals need to focus on creating value for the patient with the installation of state-of-the-art equipment with a combination of optimally trained medical expert. In addition, optimizing the operation environment helps enhance surgeon performance, and is thereby expected to drive the operating equipment market over the forecast period.

Europe and North America are expected to emerge as the largest markets due to existence of well-established medical sector with the presence of technologically advanced medical systems. The regions are expected to witness significant growth due to the upgradation of technology with advanced automated systems and rise in number of hospitals. Evolving medical industry in the Asia Pacific region including India, Thailand, Malaysia and South Korea due to rise in population encourages the medical sector to install high-end medical facilities and technologies at low costs.

Major players in the market include Steris Corporation, Hill-Rom Holding Inc., GE Healthcare, Phillips Healthcare, Stryker Corporation, Mizuho OSI, Getinge Group, Dragerwerk, Medtronic Inc, Eschmann Equipment, Karl Storz GmBH & Co. KG, Skytron, NDS Surgical Imaging, Berchtold Corporation, Trumpf GmBH + Co. KG, Creative Heath Tech Pvt. Ltd., Siemens Healthcare.

To get free request sample:

https://www.millioninsights.com/industry-reports/operating-room-equipment-market/request-sample