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3D Metrology Market Analysis, Top Drivers, Key Players, Segmentation And Forecast To 2033
3D Metrology Market Analysis
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According to The Business Research Company's, 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 Drivers and Trends:
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.
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.
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Major Key Players of the Market:
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
3D Metrology Market 2024 Key Insights:
• 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%.
• Industry 4.0 Adoption Fuels The Rise Of The 3D Metrology Market
• Technological Innovations Elevate The 3D Metrology Market
• North America was the largest region in the 3D metrology market in 2023
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