The Global 3D Metrology Market size is expected to reach $17.3 billion by 2025, rising at a market growth of 9.4% CAGR during the forecast period. 3D Metrology System is a state-of-the-art technology that provides accurate and reliable 3D measuring information. 3D Metrology system acts as a reverse engineer to analyse any damaged materials in detail. This technology has applications in a broad spectrum of sectors, including aerospace, oil and gas, automotive, casting and forging, generating chemicals and power, and many more. The need for more accurate and precise industrial products has been fuelled by increasing technological advances in measurement techniques. This factor, therefore, adds to the growth of the market for 3D metrology.
Global 3D Metrology Market Size
With the growing demand in the manufacturing industry for quality control, virtual simulations, and inverse engineering, the demand for state-of - the-art 3D metrology machinery in sectors such as aerospace, defence, automotive, construction, energy, electronics, etc. has increased significantly. Excessive research and development expenditure by important players with a foresight to diversify their portfolio and maintain their place in the market for 3D metrology is anticipated to provide the market with promising growth possibilities. However, heavy costs of installing 3D metrology facilities, combined with absence of competence to run 3D metrology equipment, could lead to hesitation in adopting these devices among end-users, which could hinder the development of the 3D metrology industry.
Global 3D Metrology Market Share
Based on Offering, the market is segmented into Hardware, Software and Services. Based on the Product, the market is segmented into Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Automated Optical Inspection, Video Measuring Machine (VMM) and Others. Based on Application, the market is segmented into Quality Control & Inspection, Reverse Engineering, Virtual Simulation and Other Applications. Based on End User, the market is segmented into Aerospace & Defense, Automotive, Heavy Machinery Industry, Electronics, Architecture & Construction, Mining and Others. The main sectors in which 3D metrology are used for quality control and inspection is automotive and aerospace & defence. In the automotive industry, 3D metrology is primarily used for automotive component inspection, powertrain parts and full-body inspection, and also for checking the accuracy and accuracy of all areas of a car plant.Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
3D Metrology Market Cardinal Matrix
The major strategies followed by the market participants are Product launches and Partnerships & Collaborations. Based on the Analysis presented in the Cardinal matrix, Creaform, Inc., Nikon Metrology NV, Carl Zeiss AG, Keyence Corporation, and Applied Materials, Inc. are some of the forerunners in the 3D Metrology Market. The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include FARO Technologies, Inc., Creaform, Inc., Carl Zeiss AG, 3D Digital Corporation, 3D Systems Corporation, Nikon Metrology NV (Nikon Corporation), Keyence Corporation, Automated Precision, Inc., Applied Materials, Inc. and Perceptron, Inc.
Companies are focusing on innovative strategies to compete in the market space. For instance, In October 2018, FARO introduced FARO Laser Trackers, the 6DoF Vantage product family with 6Probe in order to meet the demand of measurement whether large or small. Later in May 2019, FARO launched FARO CAM2 2019 metrology software platform for enabling the users to realize highest level of measurement performance in a variety of manufacturing industries. Similarly, In December 2018, Carl Zeiss launched SPECTRUM CMM, bridge-type coordinate measuring machine (CMM) for handling the measurement applications easily. In April 2019, GoM, a subsidiary of Zeiss (Germany) collaborated with two new distributors, CAD MicroSolutions and 1Source Metrology in order to expand its footprint to Canada by offering its metrology and other solutions to the Canadian market.
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Market Segmentation:
By Offering
By Product
By Application
By End User
By Geography
Companies Profiled
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