3D Metrology Market Estimated to Reach a Value of US$17.651 Billion by 2025

Knowledge Sourcing Intelligence announces the publication of a new report on "3D Metrology Market - Forecasts from 2020 to 2025" to their offering.3D Metrology is defined as the set of scientific methods that are used to aid in the process of physical measurement or precision measurement. It is a basic method used to acquire objects geometrical data in 3 axes (x,y,z).

According to the report, the3D metrology market is projected to increase at a CAGR of 9.13% over the forecast period 2019-2025. The market is expected to surge over the forecast period which is attributable to the fact that there is an increasing requirement of precise and efficient measurement systems to ensure the particular manufactured component used in various industries is in accordance to the given dimensions and tolerance, in order to ensure proper quality of the end-product. Moreover, the adoption of advanced technologies in various industries like industrial robots, automation and IoT, will further boost the demand for these technologies due to the accuracy it is able to provide as compared to standard machines, thus, bolstering the market growth further over the forecast period.

By Product, optical digitizer and scanner are expected to hold a significant amount of share in the market, which is attributable to the fact that there is a growing need for more accurate, and precise measurement techniques, which results in reduced time in developing a product and the manufacturing process. In addition, the use of coordinate measurement machines (CMM) is rising and holds the potential to increase its share over the forecast period owing to the fact that it can strictly comply with the guidelines required for the efficiency of processes.

By geography, North America is expected to hold a significant share in the market owing to the fact that established manufacturing sector of some countries in this region like the US and Canada and the early adoption of this advanced technology in the various industries for increasing the output and enhancing the efficiency of the work cycle.

The major players covered as part of the report are Hexagon AB, Faro Technologies, Inc., Nikon Corporation, GOM MBH, Renishaw PLC, Advantest Corporation and3D Digital Corp among others

This report segmented the 3D Metrology Market on the basis following terms
o By Solution Component
o Hardware
o Software
o Services

o By Product
o Optical Digitizer and Scanner
o Coordinate Measuring Machine
o Video Measuring Machine

o By Industry Vertical
o Automotive
o Aerospace and Defense
o Healthcare
o Construction
o Energy and Power
o Consumer Electronics
o Others

o By Geography
o North America
o USA
o Canada
o Mexico

o South America
o Brazil
o Argentina
o Others

o Europe
o Germany
o France
o United Kingdom
o Spain
o Others

o Middle East and Africa
o Saudi Arabia
o Israel
o UAE
o Others

o Asia Pacific
o China
o Japan
o South Korea
o India
o Others

View a sample of the report or purchase a complete study at https://www.knowledge-sourcing.com/report/3d-metrology-market

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Knowledge Sourcing Intelligence (KSI) is a market research and consulting firm publishing market research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on the niche and latest technologies. We engage with key decision-makers and stakeholders across the value chain to provide clients with a detailed analysis and bird's-eye view of the market with complete market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.

This release was published on openPR.