3D Metrology Market Top Players - Applied Materials, Inc., Automated Precision, Inc. (API), Baker Hughes Company, Bruker.

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 21.04 billion by the year 2031, exhibiting a CAGR of 7.12% during the forecast period.

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3D metrology is employed to scan and analyze complex components, converting them into digital formats for subsequent processing. The growth of the 3D metrology market is primarily driven by several factors, including increased investment in research and development, a strong emphasis on quality control within manufacturing processes, and rising production demands from the electronics manufacturing industry. The adoption of Industry 4.0 is particularly influential in the expansion of the services segment within the 3D metrology market, as it focuses on the digitization of physical assets and their integration into digital ecosystems that involve multiple stakeholders across the value chain. Notable advancements in software-driven process automation and the development of portable metrology equipment designed for customized services have further supported the industry's growth. Additionally, the increasing demand for luxury goods, fueled by rising disposable incomes in developing and lower-GDP countries, is expected to drive greater adoption of 3D metrology solutions as businesses aim to meet the evolving needs of this expanding consumer market.

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:
Modern manufacturing facilities, particularly within the automotive sector, produce billions of finished products weekly, relying on automated processes that minimize human intervention. These plants utilize assembly lines to manufacture components with precise measurements, adhering to stringent tolerances and specifications. Even minor frictional losses can affect the accuracy of advanced machinery. While such deviations may have a negligible impact in certain applications, they can result in significant discrepancies when manufacturing dimension-sensitive parts, especially in industries like aerospace and automotive. The use of 3D metrology allows manufacturers to achieve higher precision, ensuring that critical tolerances and quality standards are consistently met.

Challenges:
Despite its growing adoption, the initial investment required for 3D metrology systems, such as Coordinate Measuring Machines (CMM) and Optical Digitizers and Scanners (ODS), is considerably higher than that of traditional measurement systems. The associated costs of sensors, transmitters, and receivers further elevate the overall investment required for these systems. Additionally, replacing existing measurement equipment with advanced 3D metrology technology can be prohibitively expensive for smaller businesses. A further challenge is the shortage of skilled personnel capable of effectively operating coordinate measuring instruments, which may hinder the growth of the 3D metrology market during the forecast period.

Regional Trends:
The North American 3D metrology market is anticipated to maintain a significant revenue share and experience strong growth in the near future. The increased adoption of advanced technologies in sectors such as aerospace, defense, and manufacturing across the United States and Canada is expected to drive market expansion. Furthermore, the Asia-Pacific region is projected to witness rapid growth, driven by the presence of key industry players in countries like India and China. The rising use of virtual simulations in the energy and power sectors, alongside the emergence of small and medium-sized system manufacturers in markets such as Singapore, Japan, and South Korea, is also contributing to the region's growth. Additionally, government initiatives like India's "Make in India" campaign are expected to foster the development of the 3D metrology market in this region.

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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.