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Global 3D Metrology Market Comprehensive Study: Forecasted Market Size And Growth Rate
3D Metrology Market
The Business Research Company offers in-depth market insights through 3D Metrology Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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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Market Segmentation:
The main types of 3D Metrology coordinate measuring machines (CMM), optical digitizers and scanners (ODS), automated optical inspection, video measuring machines (VMM), and other products. Optical Scanners and Digitizers are non-contact metrology equipment that picture an object by acquiring many coordinate points and reconstructing them using software. The application is quality control & inspection, reverse engineering, virtual simulation, and other applications. The other end-users include aerospace & defense, automotive, heavy machinery industry, electronics, architecture & construction, mining, and other end-users.
Major Driver - Industry 4.0 Adoption Fuels The Rise Of The 3D Metrology Market
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 a 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.
Competitive Landscape:
Major companies operating in the 3d metrology market include FARO Technologies Inc., Hexagon AB, Nikon Corporation, Carl Zeiss AG, Keyence Corporation, Northern Digital Inc., Novacam Technologies Inc., Jenoptik AG, Mitutoyo Corporation, KLA Corporation, Perceptron Inc., Renishaw plc, Creaform Inc., Baker Hughes Company, CyberOptics Corporation, Trimble Inc., 3D Systems Inc., Automated Precision Inc., Metrologic Group, Additive Manufacturing Technologies, Carmar Accuracy Co. Ltd., Intertek Group plc, Bruker Corporation, Shining 3D Tech Co. Ltd., InnovMetric Software Inc., Artec 3D, AccuScan Inc., Capture 3D, Centre for Process Innovation Limited, Johnson Matthey plc
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Top Trend - Technological Innovations Elevate The 3D Metrology Market
Technological advancement is a key trend gaining popularity in the 3D metrology market. Major companies operating in the 3D metrology market are focused on developing innovative technologies that offer to provide faster and more efficient 3D measurement solutions. For instance, Shining 3D, a China-based provider of technologies for 3D digitization and 3D inspection, released FreeScan UE Pro expanding its FreeScan UE series of blue laser Metrology 3D scanners. The power of laser and photogrammetry is combined in FreeScan UE Pro to deliver a highly productive, fully featured solution for large-scale 3D inspection and reverse engineering. It inherits FreeScan UE's high precision, metrology-grade accuracy, and lightweight construction while increasing fine scanning and precise global control of large-scale workpiece scanning.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. 3D Metrology Market Characteristics
3. 3D Metrology Market Trends And Strategies
4. 3D Metrology Market - Macro Economic Scenario
5. 3D Metrology Market Size And Growth
…..
27. 3D Metrology Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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