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Top 3 Trends Influencing 3D Scanning Market Share Between 2021-2027

3D Scanning

Top 3 Trends Influencing 3D Scanning Market Share Between 2021-2027

The 3D scanning market is estimated to grow at a substantial rate on the back of robust demand for 3D scanning solutions in the aerospace & defense sector for the correct measurement of components and parts. Since the sector complies with strict regulations related to the measurement of parts, authorities use 3D scanning solutions to scan assembled aircraft and its components.

3D scanning software allows for the accurate formation of a 4D image based on the data collected by scanners. The software can be utilized for the scan to BIM and scan to CAD models in the architecture industry.

Long-range scanners are being widely used in the construction sector as they allow scanning of large outdoor environments. Civil engineers use these scanners to measure large areas before starting the construction process. Additionally, there is a rising demand for structured light scanners owing to their ability to scan large objects at high speeds. These scanners provide highly accurate readings that can be analyzed using software to enable the restructuring or recreation of archaeological products.

Given several applications, companies in the 3D scanning market are developing new products. For instance, in 2020, Hexagon announced the launch of its new software plugin which allows full operation of structured light scanners from within a dedicated PolyWorks interface. With such innovations, Global Market Insights, Inc., reports that the 3D scanning market may register around USD 7.5 billion by 2027.

Mentioned below are some of the vital trends driving 3D scanning market expansion:

High demand for optical scanners

Optical scanners are witnessing rising demand as they are able to perform repeatable and highly precise 3D geometrical surface inspections and metrology-grade measurements. These scanners are widely used in reverse engineering applications, especially in the automobile industry. With 3D optical scanners, a highly accurate representation of the 3D printed part is obtained, which makes it an important tool in the manufacturing sector.

Multiple applications in the entertainment & media sector

In the entertainment & media industry, 3D scanning technology can be used to scan people for creating images for an animated movie. It can be used to virtually create an environment by scanning the actual geographic location. Entertainment design firms can make costumes, sets, and props. This technology decreases the cost of 3D movie production and game development, effectively transforming the innovative imagination into reality. Media & entertainment companies are likely to increasingly adopt 3D scanning software to reproduce real-world characters and objects and to construct virtual scenes.

Infrastructure development projects in MEA

The Middle East & Africa is witnessing an expanding construction sector. The growing tourism industry has led to the construction of new commercial complexes and shopping centers. Government organizations in countries like the UAE and Saudi Arabia are emphasizing modernizing and strengthening the infrastructure to ensure economic development. They are also undertaking large-scale transportation infrastructure development projects to maintain global economic competition. Moreover, new airport development projects could propel the regional 3D scanning business.

Source: https://www.gminsights.com/industry-analysis/3d-scanning-market

supply chains

Biden Issues Executive Order to Review Critical Supply Chains

President Biden issued an “Executive Order on America’s Supply Chains” (the “EO”) on February 24, 2021, ordering 100-day and 1-year reviews of certain critical supply chains.

The initial 100-day review aims to assess risks posed to the following critical supply chains:

-Semiconductor manufacturing and advanced packaging

-High-capacity batteries, including electric vehicle batteries

-Critical minerals, including rare earth elements

-Pharmaceuticals and active pharmaceutical ingredients

The EO also orders supply chain reviews of six (6) sectors with reports due within one year. The sectoral assessments will cover:

-Defense

-Public health and biological preparedness

-Information and communication technology

-Energy

-Transportation

-Agriculture

The EO leaves open the possibility that other industrial bases may be assessed as part of the one-year review and that digital networks, services, assets, and data (“digital products”), goods, services, and materials not otherwise described in the EO that span more than one sector may be assessed.

The EO directs that both the 100-day and 1-year reports shall review “critical goods and materials,” “other essential goods and materials,” manufacturing and production capabilities of such critical or essential goods and materials, supply chains’ resiliency, and all the major risks to the supply chains. The EO imagines the term “risks” broadly. Risks include physical threats such as climate and other natural events, as well as geopolitical dynamics. Risks also comprise digital products’ inclusion in supply chains and the possibility that such digital products could be exploited. Additionally, the EO directs that the risk of human-rights or forced-labor abuses along the supply chains be described.

The EO arrives as shortages or anticipated shortages of semiconductors are widely reported, especially in the automobile industry. A general policy goal of the Biden Administration is to increase domestic manufacturing capability and economic growth, particularly in communities of color and economically distressed areas. The EO could be the first step in a significant reimagining of how the U.S. incorporates civilian and defense supply chains into its national and economic security and foreign policy strategies. At this time, however, the Administration has only ordered reviews. Interested companies should anticipate and consult the relevant Secretaries’ 100-day and 1-year reports for forthcoming policy suggestions.

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Tony Busch is an attorney in Husch Blackwell LLP’s Washington, D.C. office.

Cortney O’Toole Morgan is a Washington D.C.-based partner with the law firm Husch Blackwell LLP. She leads the firm’s International Trade & Supply Chain group.

Camron Greer is an Assistant Trade Analyst in Husch Blackwell LLP’s Washington D.C. office.