3D Metrology Market Insights: Quality Control, Virtual Simulation, and 3D Scanning Lead the Way.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global 3D Metrology Market Size, Share & Trends Analysis Report By Component (Hardware, Software, Services), By Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation, 3D Scanning), By End-Use (A&D, Automotive, Medical, Architecture & Construction, Semiconductors & Electronics)- Market Outlook And Industry Analysis 2031"

The global 3D metrology market is estimated to reach over USD 21.17 billion by 2031, exhibiting a CAGR of 7.11% during the forecast period.

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3D metrology is used to scan and examine complicated components and create complex components in digital format. Increased R&D expenditure in the 3D metrology industry, quality control during the manufacturing, and rising production demands from electronics manufacturing businesses are the major driving factors for the 3D metrology market. The adoption of Industry 4.0 is critical to the emergence of the services segment in the 3D metrology market. Industry 4.0 focuses on digitizing physical assets and integrating them into digital ecosystems with multiple value chain participants. Substantial advancements in software-driven process automation and portable metrology equipment for customized services have fueled industry expansion. The increasing demand for luxury products due to rising disposable income in developing nations and countries with low GDP is predicted to drive the need for businesses to embrace 3D metrology solutions.

List of Prominent Players in the 3D Metrology Market:
• 3D Systems (US)
• AccuScan (Ireland)
• Applied Materials, Inc.
• Artec 3D (US)
• Autodesk Inc.
• Automated Precision, Inc. (API)
• Baker Hughes Company
• Bruker
• Capture 3D (US)
• Carmar Accuracy Co. Ltd.
• CHOTEST TECHNOLOGY INC. (China)
• CREAFORM
• CyberOptics Corp. (US)
• EDM Intelligent Solutions
• FARO Technologies, Inc.
• GOM Metrology (Zeiss International)
• Hexagon AB
• Ikustec (Spain)
• InnovMetric Software Inc (Canada)
• Intertek Group Plc
• Jenoptik (Germany)
• Keyence Corporation
• KLA Corporation
• Metrologic Group (Sweden)
• Mitutoyo Corporation (Japan)
• Nikon Metrology NV
• Novacam Technologies, Inc.
• Perceptron, Inc.
• Polyrix (Canada)
• Proto3000
• Renishaw plc
• SGS SA
• Shining 3D (China)
• Trimble, Inc. (US)

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Market Dynamics:
Drivers-
Every week, modern manufacturing plants create billions of units of finished goods. The majority of parts are manufactured in the vehicle industry with relatively little human interaction. An assembly line creates a specific part for exact measurement with set tolerances and restrictions. Frictional losses affect the accuracy of modern and sophisticated machines. These modifications may be insignificant. Yet, when machines are responsible for producing dimension-sensitive parts for the aerospace and automobile industries, minor alterations in measurement might result in significant discrepancies. It enables car producers to produce essential goods with greater precision. Furthermore, this system provides a high standard measurement system with the necessary limits and tolerances.

Challenges:
This system has grown in popularity in recent years. The initial cost of a single unit of the product coordinate measuring machine (CMM) and optical digitizer and scanner (ODS) is, nevertheless, substantially higher than that of a typical measurement system. The sensors, transmitters, and receivers employed in this system are expensive, which will have a direct impact on the whole system's initial retail cost. Additionally, replacing the present measurement equipment and implementing new 3D metrology technology may be too expensive for small-scale enterprises. Additionally, issues such as a lack of skilled people for the operation of coordinate measuring apparatus may impede the growth of the 3D metrology market during the forecast period.

Regional Trends:
The North American 3D Metrology Market is expected to register a major market share in revenue and is predicted to develop at a high CAGR soon. The adoption of sophisticated technologies in aerospace and military, as well as in the manufacturing sector in the United States and Canada, is projected to fuel market growth. Furthermore, due to the availability of top vital companies in India and China, Asia Pacific is expected to be the fastest expanding category throughout the projection period. Furthermore, the increasing usage of virtual simulation in the energy and power industries, as well as the growing number of small and medium-scale system makers in emerging countries such as Singapore, Japan, and South Korea, are adding to the region's market growth. Furthermore, several government authorities are pursuing measures such as the Make in India campaign in India, which is predicted to promote the region's market advancement.

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Recent Developments:
• In Feb 2023, Applied Materials, Inc. presented a new eBeam metrology system built especially for accurately measuring the critical dimensions of semiconductor device features patterned with EUV and emerging High-NA EUV lithography. Applied's novel VeritySEM 10 device has a unique architecture that allows for minimal landing energy while providing 2X greater resolution than traditional CD-SEMs. It also has a 30% faster scan rate, which reduces contact with the photoresist and increases productivity.
• In April 2022, FARO Technologies, Inc., a 4D digital reality solutions provider, introduced a new end-to-end 3D digital reality capture and collaboration platform. This platform employs cutting-edge technologies such as artificial intelligence and cloud computing to evaluate and store measurement data.

Segmentation of 3D Metrology Market-
By Component-
• Coordinate Measuring Machine (CMM)
• Optical Digitizer Scanner (ODS)
• Video Measuring Machine (VMM)
• 3D Automated Optical Inspection (AOI) Systems
• Others
• Software
• Services
By Application-
• Quality Control & Inspection
• Reverse Engineering
• Virtual Simulation
• 3D Scanning
By End-Use-
• Aerospace & Defence
• Automotive
• Architecture & Construction
• Medical
• Semiconductors & Electronics
• Energy & Power
• Heavy Machinery
• Mining
• Others (Other end-user industries include Media, Education, Forensics, Fashion & Jewelry, And Research)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.