3D Metrology Market Overview:
3D Metrology market was estimated to be worth USD 9.124.45 million in 2022, and during the projected period, it is anticipated to increase at a CAGR of 8.9%. A measurement and inspection technique called three-dimensional metrology is used to precisely ascertain an object's or component's length, width, and height. It involves recording precise information about an object's physical attributes and ensuring quality control across a range of sectors through the use of state-of-the-art measurement tools and technology.
3D metrology is a brand-new 3D modeling and scanning technique for engineering and production. It was developed to help engineers and designers obtain high-quality data about their goods fast and effectively without requiring any manual labor. The capability of cloud computing enables one of the fastest measurement speeds in the business.
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Market Opportunities:
The need for 3D metrology services has increased due to the high setup expenses of a 3D metrology facility and the lack of 3D metrology expertise. External sources possess greater information than internal technicians regarding metrology tooling and measuring techniques. Hiring a professional to conduct 3D metrology services ensures that the data collected is incredibly accurate, dependable, and impartial. When 3D metrology equipment vendors regularly train their engineers on the newest software and instruments for measuring, maintaining, and calibrating the apparatus, the highest level of data quality and repeatability is obtained.
Technological advancements are a major factor behind the necessity for 3D metrology in a variety of industries. Because of increased innovations, new application areas, and technological advancements, manufacturers are putting more of an emphasis on offering products with flexible architecture and expanded capabilities. These advancements together have raised the price of 3D metrology hardware and software.
Main Advantages for Organizations Involved
- This report includes an analytical breakdown of the size of the worldwide 3D metrology market, as well as projections for the future and current trends to show potential areas for investment.
- The goal of the entire 3D metrology market analysis is to identify the lucrative trends so that a firmer foothold can be established.
- With a thorough impact analysis, the study provides information on the main drivers, obstacles, and possibilities.
- To benchmark the financial competency, a quantitative analysis of the present 3D metrology market forecast from 2020 to 2030 is conducted.
- The strength of the buyer base and the major suppliers' market share in 3D metrology are demonstrated by Porter's five forces analysis.
- Key vendors' market shares and market trends are included in the report.
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Market Dynamics:
The worldwide automotive industry's expansion and the focus on quality control throughout the manufacturing process are anticipated to fuel the global 3D metrology market's expansion. The broader market is growing as a result of the increased productivity expectations made by electronics makers. However, a major challenge for the global industry is the lack of readily comprehensible software solutions. Furthermore, 3D metrology is used in measurement modeling, which involves displaying the data considered during a production process. To successfully characterize a product for precision inspection, a significant volume of 3D data is needed. Modern measuring and inspection software, along with improvements in data-collection sensor technologies, have made CMM a practical and affordable solution for this kind of work. At the moment, CMMs and 3D scanners are also utilized in tandem.
To get fast and accurate findings, dimensional metrology technologies including laser trackers, white-light scanners, and 3D laser scanners are commonly used. The speedy and easy data collecting made possible by these technological improvements has resulted in incredibly accurate inspections.
Market Segmentations:
By Component
- Hardware
- Software
- Services
By Hardware
- Coordinate Measuring Machine (CMM)
- Optical Digitizer & Scanner (ODS)
- Video Measuring Machine (VMM)
- 3D Automated Optical Inspection (AOI) System
By Services
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- 3D Scanning
By Application
- Aerospace
- Automotive
- Medical
- Construction & Engineering
- Heavy Machinery
- Others
Market Regional Analysis:
North America: With a projected share of 35% in 2022, North America is the largest market for 3D metrology. The growing need for quality control and inspection in the automotive, aerospace, and medical industries is fuelling the expansion of the 3D metrology market in North America.
Europe: With a 25% market share in 2022, Europe is the second-biggest market for 3D metrology. Similar drivers as in North America are propelling the 3D metrology market's expansion in Europe, along with the growing need for 3D metrology in the semiconductor and electronics sectors.
Asia Pacific: With a 20% market share in 2022, Asia Pacific is the third-largest market for 3D metrology. The increasing need for 3D metrology in the automotive, electronics, and manufacturing sectors is fuelling the growth of the 3D metrology market in Asia Pacific.
With a 10% market share in 2022, Latin America ranks as the fourth-largest market for 3D metrology. The rising need for 3D metrology in the manufacturing and automotive sectors is propelling the growth of the 3D metrology market in Latin America.
Middle East & Africa: With a share of 5% in 2022, the Middle East & Africa market is the smallest for 3D metrology.
Top Leading Key Companies Involved in this market are:
- Carl Zeiss AG
- Hexagon AB
- FARO Technologies
- Minutolo Corporation
- Nikon Corporation
- KLA-Tencor
- Keyence Corporation
- Perceptron
- Freeform
- GOM mph
- 3D Systems Corporation
- Others
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