Press release
3D Metrology Market Outlook - Trends, Sales and Key manufacturer Analysis by 2024-2033
3D Metrology
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the 3D metrology industry. This report on 3D metrology market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The 3D metrology market size has grown strongly in recent years. It will grow from $11.97 billion in 2023 to $13.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to quality control and inspection, rise in aerospace and automotive industries, customization and mass production, semiconductor and electronics manufacturing, environmental and sustainability considerations.
The 3D metrology market size is expected to see strong growth in the next few years. It will grow to $18.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, rising medical and healthcare applications, increasing use in construction and architecture, increasing research and development, rising geospatial and mapping applications. Major trends in the forecast period include adoption of automated 3D metrology systems, portable and handheld devices, artificial intelligence (AI) and machine learning, integration of AR and VR technologies, multi-sensor systems.
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Key Market Players:
FARO Technologies Inc., Hexagon AB, Nikon Corporation, Carl Zeiss AG, Keyence Corporation, Northern Digital Inc., Novacam Technologies Inc.
Market Drivers:
According to the 3D Metrology Market Report 2024 by The Business Research Company, The increase in adoption of Industry 4.0 is significantly driving the growth of the 3D metrology market. Industry 4.0 is referred to as the fourth industrial revolution, which focuses on interconnectivity, machine learning, and real-time data. Companies and industries across the globe are investing in innovative technologies including advanced 3D metrology systems as part of a shift towards industry 4.0 to improve manufacturing efficiency and increase connectedness and access to real-time information across partners, products, people, and stakeholders involved across the supply chain. According to the study conducted by the National Association of Software and Services Companies in collaboration with Capgemini in 2022, the investments in Industry 4.0 have grown by 10X between 2010 and 2020 and are expected to reach $200 billion by 2025. Thus, the increase in the adoption of Industry 4.0 is expected to propel the growth of the 3D metrology market.
More information about the Global 3D Metrology Market Report -
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Market segments for 3D metrology include:
1) By Product: Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Automated Optical Inspection, Video Measuring Machine (VMM), Other Products
2) By Application: Quality Control & Inspection, Reverse Engineering, Virtual Simulation, Other Applications
3) By End User: Aerospace & Defense, Automotive, Heavy Machinery Industry, Electronics, Architecture & Construction, Mining, Other End Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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