Growth of the 3D Scanning Market

The global Terrestrial Laser Scanning (TLS) market accounted for $4.1 Billion in 2022 and is projected to achieve a market size of $8.3 Billion by 2032.¹ The substantial projected growth is indicative of the increasing demand for 3D scanning technologies across a wide range of industries including AEC, facility management, real estate, insurance, mining, forensics, entertainment, gaming and more. Over the past decade, 3D scanning solutions have expanded beyond the traditional TLS offerings and into more mobile and easier to use solutions. They have also continued to come down in price which further fueled the prevalence of 3D reality capture.

‍

The Value of 3D Scanning

A study published in the journal Buildings provides a cost-benefit analysis of employing laser scanning in the AEC industry, and the findings indicate that laser scanning significantly reduces manpower input and project time, offering a quantifiable economic value². These findings have become increasingly clear to the specialty service providers and the top tier companies in the AEC space, but due to the cost of equipment and expertise, it hasn’t yet been able to reach its full potential. The significant impact of 3D scanning can be accelerated by making it more accessible to new markets through the use of affordable and easy to use technology, and the advent of 360-degree cameras and AI can lead the way.