GMI Research report evaluates that the 3D Metrology Market will perceive a robust augmentation over the forecast period. This is primarily because of the surging espousal of 3D metrology by several industries to sustain the product quality. Further, the execution of industrialization 4.0 and intensified expenditure on research and development will stimulate the market growth.
Introduction of the 3D Metrology Market
3D metrology refers to a technology used to evaluate dimensions such as height, length, and the distance of three-dimensional objects. It is the facet of measurement that transforms the précised model into images and architectural videos for more accurate results. Further, it is an emerging evaluation technique and solution for several industries such as aerospace, automotive, defense, and semiconductor. It helps producers to supervise the effectiveness and quality of the components required to generate the desired industrial items.
Key Players of the Market:
- Perceptron, Inc.
- 3D Digital Corporation
- FARO Technologies
- 3D Systems Corporation
- Hexagon AB
- Shining 3D Tech Co.,Ltd
- Nikon Metrology NV
- Carl Zeiss
- Mitutoyo Corporation
- Creaform Inc.
3D Metrology Market Dynamics
The introduction of new technology-driven instruments by the prominent players for augmenting industrial demand throughout the nation has amplified the growth of the global 3D metrology market. 3D metrology is the simplest and fastest means to measure dimensions of the contents, which has stimulated its adoption across various industries. For instance, Xtura AB, in 2021, introduced Inova Robotics’ modular synergetic robot for automated with highly accurate parts, aiming users for its elastic and reformed solution in various industries as automotive, aerospace, and heavy engineering.
Besides this, the surging demand for authentic and precise dimensions to produce quality products across various industries which include, consumer electronics, automotive, aerospace and defense guided by the increasing globalization and drift towards industrialization. However, the excessive need of capital to produce specific and authentic testing instruments and the increasing agitation concerned with the need of a competent workforce produce 3D metrology instruments are likely to restrain the market growth.
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Component Segment Drivers
Based on the component, a coordinate measuring machine is anticipated to lead the market with the highest CAGR over the coming years. This is due to the exacerbating demand for the production of automotive instruments with an aggravated demand for accurate components. For instance, as per the India Brand Equity Foundation Organization, the capital expenditure of automotive component manufacturer’s in India in the first quarter of 2020 was recorded to be USD 33.26 Billion. It resulted in a robust demand for CMM machines to measure the automotive component.
Regional Drivers
Based on the regional analysis, the Asia-Pacific region is projected to seize a prominent share over the coming years. This is because of the prevalence of expanding production industry. Further, the surge in the foreign direct investment to establish the manufacturing amenity led by the accessibility of economical labor has strengthened the market size. Furthermore, 3D metrology is extensively used in the manufacturing industry due to the need of exact measurement of the instruments. Thus, the intensified in Asia-Pacific region attributed for the production facilities due to cost-efficient labor and facile accessibility of raw material has fueled the market growth. For instance, in accordance with the report published by UNESCAP in 2019, foreign direct investment across North and Central Asia touched USD 43 Billion, which has risen by 88% over the previous year. It resulted in huge demand for the market.
3D Metrology Market Segmentation:
Segmentation by Product
- Optical Digitizer and Scanner
- Video Measuring Machine
- Coordinate Measuring Machine
- 3D Automated Optical Inspection System
Segmentation by Component
- Hardware
- Software
- Services
Segmentation by Application
- Reverse Engineering
- Virtual Simulation
- Quality Control & Inspection
- Others
Segmentation by End-Users
- Automotive
- Energy & Power
- Architecture & Construction
- Aerospace & Defence
- Electronics
- Others
Segmentation by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
