Global 3D Metrology Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2029
“Global 3D Metrology Market” is the title of an upcoming research report offering by MarketResearch.biz. Key factors and vital data have been analyzed and studied comprehensively before being presented in this report. The revenue shares of each segment, country are included along with revenue-driving factors, restraints, as well as opportunities in untapped regions, are included. Detailed information about key players is provided in the company profiles section, along with recent developments, strategies, and acquisitions & mergers. The global 3D Metrology market is segmented by components, hardware, services, end-use, and regions/countries.
Global 3D Metrology Market: Overview
3D metrology is the scientific study of physical measurement. In simpler terms, it is often referred to as the general field of precision measurement in the industry. 3D metrology ensures accurate measurement of geometrical data of an object, precisely in 3 axes (x, y, z).
Global 3D Metrology Market: Dynamics
Drivers: Demand for 3D metrology equipment is quickly gaining traction in the automotive, energy and power, construction and engineering, and aerospace industries respectively. Heavy investments are being made in ensuring that product quality is maintained. This is expected to be among the several factors that will contribute to market growth. In addition, increasing expenditure on research & development activities and emerging trends such as industry 4.0 are factors contributing significantly to revenue growth of the market. Industry 4.0 is a major innovation that is projected to create growth opportunities for the global 3D metrology market. It aims at digitization or computerization of manufacturing assets of an industry. The growing installation of automated systems in manufacturing facilities is expected to facilitate the 3D metrology market’s growth. 3D metrology systems have been instrumental in supplementing manufacturing operations that are software-driven. The demand for the adoption of 3D metrology systems is further driven by the escalating consumption of luxury products owing to the increase in per-capita incomes of individuals in emerging economies.
The use of advanced 3D metrology systems is increasing with the growing need to produce quality output in industrial applications. These systems supplement the functioning of precision measurement solutions in providing accuracy in both the shape and size of the product. Metrology systems help save on time and product developmental costs, as well as the actual launch of products, as it employs a 3D digital measurement process such as 3D CAD data. It is factors such as these that will significantly contribute to global market growth.
By Component: The software segment is projected to account for a majority revenue share over the next ten years. This can be attributed to its wide range of applications and advantages over other segments. It helps in data accumulation from various sources in a short span of time, leading to an increase in efficiency levels. Increasing usage of CAD/CAM software for design and manufacturing processes are among other factors contributing to this segment’s growth.
By Hardware: The Optical Digitizer and Scanner (ODS) segment when compared to other hardware factions are projected to account for highest revenue share owing to its high usage in metrology service applications such as surface analysis, the inspection of a gas turbine blade and automotive components, automotive design & styling, etc.
By Service: Reverse-engineering segment is expected to continue to dominate the market over the next ten years. Growing demand for efficient reverse engineering solutions integrated with respective CAD models in the automotive sector is surging market growth.
By End-Use: The automotive segment is projected to lead the market in terms of revenue share owing to the increasing adoption of luxury vehicles and energy-efficient transport options in developing economies.
Global 3D Metrology Market: Regional Analysis
North America is projected to continue to dominate the global 3D metrology market. The market is driven by the availability of key automotive, aerospace and pharmaceutical equipment manufacturers in the US that extensively use 3D metrology systems.
The Asia Pacific market is expected to register the fastest Compounded Annual Growth Rate over the next 10 years. Markets in China, India, and Japan are major revenue contributors to the regional market. China is a leading manufacturer of industrial products such as iron, steel, chemicals, transportation, food processing, etc. This has led to growth in the usage of 3D metrology systems in various industries spread across this region.
Global 3D Metrology Market Segmentation:
- Coordinate Measuring Machine (CMM)
- Optical Digitizer & Scanner (ODS)
- Video Measuring Machine (VMM)
- 3D Automated Optical Inspection (AOI) System
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- 3D Scanning
- Construction & Engineering
- Heavy Machinery
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- 3D Systems Inc.
- Zeiss International
- FARO Technologies Inc.
- Hexagon AB
- Intertek Group Plc
- Nikon Corporation
- KLA Corporation
- Keyence Corporation
- Perceptron Inc.
- Renishaw Plc
- Applied Materials 3D Systems Inc
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