Global 3D Metrology Market Insights Forecasts to 2030

• The 3D Metrology market was valued at USD 11 billion in 2021.
• The market is growing at a CAGR of 18% from 2022 to 2030
• The global 3D Metrology market is expected to reach USD 38 billion by 2030
• North America is expected to grow the fastest during the forecast period

 

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The Global 3D Metrology Market is expected to reach USD 38 billion by 2030, at a CAGR of 18% during the forecast period 2022 to 2030. The COVID 19 pandemic has been staggering and unfortunate with 3D metrology market facing huge losses across different regions as compared to pre pandemic levels.

 

Market Overview

3D metrology is a new technique which is used in measuring the dimensions of components without touching them multiple times. In fact, it is scientific method that is used to study measurements. While manufacturing, it is used in measuring machined components, fixtures, and tools. Not only this but it is also used in measuring distance, height, and length. Apart from this, it also uses geometric points of the surface of the object in measuring dimensions and offers more data as compared to conventional measurement methods like surface finishing and a ready 3D sketch of the object. The measurement data is received by using the coordinate measuring machine. But many advanced measurement technologies like optical digitiser and scanner and automated optical inspection sensor technologies are making growth booming the evolution of metrology technology which reduces the dependency on conventional measurement techniques.

 

Report Coverage

This research report categorizes the market for 3D metrology market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the 3D metrology market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segments of the 3D metrology market.

 

Driving Factors

The modern manufacturing units are engaged in producing bulk amount of products every day. Among these, the most of the parts are manufactured in the automobile sectors that has least human interaction. An assembly line manufactures a specific part for precise measurement with predefined limits. Modern and advanced machines tend to change their accuracy owing to the frictional losses which are negligible. But such changes can cause differences while making dimensions sensitive parts for automotive and aerospace industry. Not only this but it also allows the manufacturers of automotive parts in making products with great accuracy. Apart from this, such system also offers highly standard measurement system which has required tolerance and limits. All these factors are driving the overall 3D metrology market.

 

Restraining Factors

Although these system is getting popularity rapidly but the initial investment in producing a single unit of the product coordinate measuring machine (CMM) as well as Optical Digitizer and Scanner (ODS) is huge as compared to the convenient measurement system. Certain components like transmitters, sensors, and receivers which are integrated in this system are costly which will automatically impact initial retail cost of the entire system. Moreover, the if the companies want to replace the existing measurement system and is willing to adopt a new 3D metrology technology, it will cost hefty amount especially for start up companies. Apart from this, the certain problems like lack of skilled labours for operating coordinate measurement machines can also hamper the 3D metrology market over the forecast period.

 

Market Segmentation

• In 2021, Software segment is dominating  the market with the largest market share of 33% over the forecast period.

On the basis of component, the global 3D metrology market is segmented into hardware, software, services. Among these, software segment is dominating the market with the largest market share of 33% over the forecast period. The software has the capacity to enable complete data accumulation as well as measurement from various sources. Thus, it offers self explanatory and exhaustive graphical and textual reports which are mainly used in identifying production trends and finds the real time deviations. In addition, the CAM/ CAD software are used in manufacturing and designing processes including production engineering, tooling, sheet metal, stone, metal fabrication, and woodworking. It will help to achieve manufacturing efficiencies and value addition to the operation which has boosted the market growth.

 

• In 2021, Coordinate Measurement Machine (CMM) segment to generate the highest revenue over the predicted timeframe.

Based on the product type, the global 3D metrology market is segmented into Coordinate Measuring Machine, Automated Optical Inspection, Optical Digitizer & Scanner, Video Measuring Machine. Among these, Coordinate Measurement Machine (CMM) segment is anticipated to generate the highest revenue over the forecast period owing to the increasing adoption of advanced measurement technology and is going to continue its dominance during the upcoming years. The rise in the use of advanced quality control techniques in the manufacturing and automobile industries is also driving the segmental growth.

 

• In 2021, Quality Control and Inspection is witnessing the significant growth over the forecast period.

On the basis of application, the global 3D metrology market is segmented into quality control & inspection, virtual simulation, reverse engineering. Among these, quality control and inspection is witnessing the significant growth over the forecast period due to the demand for accurate end products. 3D metrology is also compatible with any job and object where the physical object cannot reach properly. Products like coordinate measurement machines are also increasingly used in quality control and inspection in aerospace, automobile, and defence sector. Having said that, virtual simulation segment has recorded the highest CAGR over the forecast period owing to the increasing use of wireless connection devices may drive the adoption of virtual simulation technique.

 

• In 2021, Automotive segment is anticipated to generate the highest revenue over the forecast period.

Based on the end user, the global 3D metrology market is segmented into electronics, architecture & construction, manufacturing, aerospace & defence, automotive, and others. Among these, automotive segment has generated highest revenue over the forecast period owing to various advantages of this technology in the automobile manufacturing processes. Various automotive manufacturers have started choosing coordinate measuring machines for quality control and inspection in the factory which are boosting the market growth across the world.

 

Regional Segment Analysis of the 3D Metrology Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

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Asia Pacific region is dominating the market with largest market share of 11%.

Asia Pacific segment is dominating the market with the market share of 11% and is anticipated to continue its dominance over the forecast period. The increasing use of contactless quality control equipment and measuring techniques and in the automotive production and manufacturing industry is boosting the market growth in the region. Apart from this, the key market players have started to adopt various business strategies which facilitates the market growth in this region.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global 3D Metrology market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Market Players

• Intertek Group Plc
• Hexagon AB
• KLA Corporation
• Nikon Corporation
• Renishaw Plc
• Keyence Corporation
• Applied Materials
• Perceptron, Inc

 

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

 

Recent Development

• In June 2021, Shree Rapid Technologies has collaborated ZEISS International to promote Machine Scanning and Measuring technology in India.
• In April 2022, FARO Technologies, Inc, a company which offers 4D digital reality solutions has introduced its new end to end 3D digital reality capture and collaboration platform.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2021 to 2030. Spherical Insights has segmented the global 3D Metrology market based on the below-mentioned segments:

 

3D Metrology Market, By Component

• Hardware
• Software
• Services

 

3D Metrology Market, By Product Type

• Coordinate Measuring Machine
• Automated Optical Inspection
• Optical Digitizer & Scanner
• Video Measuring Machine

 

3D Metrology Market, By Application

• Quality Control & Inspection
• Virtual Simulation
• Reverse Engineering

 

3D Metrology Market, By End User

• Electronics
• Architecture & Construction
• Manufacturing
• Aerospace & Defence
• Automotive
• Others

 

3D Metrology Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of Middle East & Africa