3D Metrology Market Overview:
3D Metrology market was valued at USD 9.124.45 Million in 2022 and expected to grow at a CAGR of 8.9% during the forecast period. Three-dimensional metrology is a measurement and inspection method that's used to precisely determine the length, width, and height of an object or component. It entails the use of cutting-edge measurement instruments and technologies to record exact information about an object's physical properties and to guarantee quality control across a range of sectors.
A new 3D modelling and scanning method for engineering and production is called 3D metrology. It was created to assist engineers and designers in quickly and efficiently gathering high-quality data about their products without requiring any manual labour. One of the quickest measurement rates in the industry is made possible by the power of cloud computing.
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Market Dynamics:
The expansion of the automobile sector worldwide and the emphasis on quality control during the manufacturing process are expected to propel the growth of the global 3D metrology market. Additionally, the increase in productivity demands from manufacturers of electronics contributes to the growth of the market as a whole. But one of the biggest obstacles facing the worldwide sector is the absence of easily understood software solutions. Additionally, measurement modelling—which entails visualizing the data taken into consideration during a production process—uses 3D metrology. To successfully characterize a product for precision inspection, a significant volume of 3D data is needed. Modern measuring and inspection software, along with improvements in data-collection sensor technologies, have made CMM a practical and affordable solution for this kind of work. At the moment, CMMs and 3D scanners are also utilized in tandem.
Dimensional metrology systems like as 3D laser scanners, white-light scanners, and laser trackers are frequently utilized to obtain rapid and accurate results. These technological advancements have facilitated rapid and simple data collection, leading to extremely precise inspections.
Market Opportunities:
Due to the high setup costs of a 3D metrology facility and the scarcity of 3D metrology expertise, there has been a surge in demand for 3D metrology services. When it comes to measurement procedures and metrology tooling, outside sources are more knowledgeable than internal technicians. Engaging a specialist to handle 3D metrology services guarantees that the information gathered is extremely precise, reliable, and objective. The best degree of data quality and repeatability is achieved when 3D metrology equipment suppliers provide their engineers with frequent training on the newest software and instruments for measuring, maintaining, and calibrating the apparatus.
One of the main reasons driving the need for 3D metrology across multiple industries is technological improvements. Manufacturers are expanding their focus on providing products with expanded capabilities and flexible architecture due to growing innovations, emerging application areas, and technical developments. The cost of 3D metrology hardware and software has increased as a result of these improvements combined.
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Main Advantages for Organizations Involved
- This report includes an analytical breakdown of the size of the worldwide 3D metrology market, as well as projections for the future and current trends to show potential areas for investment.
- The goal of the entire 3D metrology market analysis is to identify the lucrative trends so that a firmer foothold can be established.
- With a thorough impact analysis, the study provides information on the main drivers, obstacles, and possibilities.
- To benchmark the financial competency, a quantitative analysis of the present 3D metrology market forecast from 2020 to 2030 is conducted.
- The strength of the buyer base and the major suppliers' market share in 3D metrology are demonstrated by Porter's five forces analysis.
- Key vendors' market shares and market trends are included in the report.
Market Segmentations:
By Component
- Hardware
- Software
- Services
By Hardware
- Coordinate Measuring Machine (CMM)
- Optical Digitizer & Scanner (ODS)
- Video Measuring Machine (VMM)
- 3D Automated Optical Inspection (AOI) System
By Services
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- 3D Scanning
By Application
- Aerospace
- Automotive
- Medical
- Construction & Engineering
- Heavy Machinery
- Others
Market Regional Analysis:
North America: With a projected share of 35% in 2022, North America is the largest market for 3D metrology. The growing need for quality control and inspection in the automotive, aerospace, and medical industries is fuelling the expansion of the 3D metrology market in North America.
Europe: With a 25% market share in 2022, Europe is the second-biggest market for 3D metrology. Similar drivers as in North America are propelling the 3D metrology market's expansion in Europe, along with the growing need for 3D metrology in the semiconductor and electronics sectors.
Asia Pacific: With a 20% market share in 2022, Asia Pacific is the third-largest market for 3D metrology. The increasing need for 3D metrology in the automotive, electronics, and manufacturing sectors is fuelling the growth of the 3D metrology market in Asia Pacific.
With a 10% market share in 2022, Latin America ranks as the fourth-largest market for 3D metrology. The rising need for 3D metrology in the manufacturing and automotive sectors is propelling the growth of the 3D metrology market in Latin America.
Middle East & Africa: With a share of 5% in 2022, the Middle East & Africa market is the smallest for 3D metrology.
Top Leading Key Companies Involved in this market are:
- Carl Zeiss AG
- Hexagon AB
- FARO Technologies
- Minutolo Corporation
- Nikon Corporation
- KLA-Tencor
- Keyence Corporation
- Perceptron
- Freeform
- GOM mph
- 3D Systems Corporation
- Others
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