According to Custom Market Insights (CMI), The Global 3D Metrology Market size was estimated at USD (9.50 B) in 2021 and is expected to hit around USD (15.70 B) by 2030, poised to grow at a compound annual growth rate (CAGR) of 8.9% from 2022 to 2030.
Our recently published report, “3D Metrology Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
3D Metrology Market: Overview
A brand-new 3D scanning and modeling approach for engineering and manufacturing is called 3D metrology. It was created to assist engineers and designers in quickly and efficiently gathering high-quality data on their products without the need for human labor. It offers one of the industry’s quickest measuring rates thanks to the power of cloud computing. An accurate inspection employing three-dimensional data for molding and analysis, R&D expenditure on the measuring techniques, and a focus on quality control are predicted to be the primary factors driving the demand for 3D metrology.
The development of portable metrology equipment for specialized services and improvements in software-driven process automation have fueled the growth of the 3D metrology industry. The expansion of the automotive sector worldwide and the emphasis on quality control in the manufacture of goods are two factors that are projected to fuel the growth of the global 3D metrology market.
3D Metrology Market: COVID–19 Impact Analysis
Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created several difficulties. The market for 3D metrology has been affected by the COVID-19 outbreak and spread. The COVID-19 epidemic affected international operations in several industries and geographical locations. The virus’s adverse effects increased in frequency in areas where consumers, suppliers, or manufacturers conduct business due to the firms’ limited supply or reduced demand, which had a substantial impact and influenced the whole 3D metrology industry.
This results from workforce limitations, constrained manufacturing, postponed purchases, supply-chain interruptions, and prohibitions on cross-border commerce, which cause delays in the fulfillment of raw materials and components, notably those from China. Due to the reduced business activities, the spread of COVID-19 has impacted several industries, including automotive, heavy machinery, electronics manufacturing, and aerospace & military. Complete lockdowns and social isolation are examples of public health measures that have impacted the operations and revenue of 3D metrology service providers. The demand for 3D metrology systems from the Americas and Europe has decreased due to COVID-19. Additionally, in 2021, capital investment is falling across all industries.
3D Metrology Market: Growth Drivers
Growth in 3D metrology research and development (R&D) spending to accelerate the market’s growth
More money is being invested in R&D throughout the world to create innovative metrology products and solutions. The electronics industry is experiencing fast technical development due to ongoing R&D. To boost efficiency and satisfy growing expectations, these sectors have also developed new applications for precise management and inspection. These elements are also anticipated to fuel the market’s expansion. The need for 3D metrology will also be significantly influenced by the growing modeling and analysis of 3D data in various sectors and the strong demand for extensive data analysis.
An increase in Industry 4.0 demands
The future 3D metrology market’s growth rate will be further accelerated by the expanding requirements of industry 4.0. Industry 4.0, often known as the intelligent factory, is a new industrial revolution phase connecting the information technology and manufacturing sectors. Due to this new phase’s increased asset utilization, improved labor efficiency, and decreased downtime, the market is expected to have possibilities. In addition, real-time measurement data is shown by the industries’ implanted robots through in-line inspection analysis. Therefore, the market is anticipated to be driven by all these reasons.
3D Metrology Market: Segmentation Analysis
The 3D metrology market is segmented into components, hardware, and services. Based on this part, the demand for the software segment is estimated to lead the market during the forecast period. Complete data collection and measurement from many sources are made possible by the software. Because of this, it offers thorough and self-explanatory graphical and textual reports that are used to pinpoint production patterns and assess in-the-moment variances. In addition, tooling, production engineering, sheet metal, metal fabrication, stone, and woodworking are some further uses for CAD/CAM software in design and manufacturing processes. Increasing industrial productivity and adding value to the business boosts demand for software applications during the projection period.
Over the projection period, the hardware category is anticipated to grow consistently. Many sectors, including aerospace, automotive, medical, and archaeological architecture, use hardware services to enhance production procedures. Additionally, the quality and measurement inspection process is aided by using gear, including vision systems, CMMs, laser trackers, and structured-light scanners. These elements should help the 3D metrology business flourish.
By hardware, the optical digitizer and scanner (ODS) segment is anticipated to dominate the market during the forecast period. Surface analysis, gas turbine blade inspection, automobile component inspection, automotive design and styling, powertrain components, pilot plant metrology, and aviation component inspection are just a few of the metrology service applications that employ optical digitizers and scanners (ODS). In addition, the whole geometry of the component may be captured by laser scanners for inspection and various technical uses. High precision, increased speed, and real-time operation are all features of these scanners. Thus, it is anticipated that the ODS sector will control the market.
By services, the reverse engineering segment is anticipated to dominate the market during the forecast period. Furthermore, the use of the metrology system has also undergone a revolution due to the demand for intelligent reverse engineering solutions using CAD models or by comparing CAD prototypes, mainly in the automobile industry.
|Feature of the Report||Details|
|Market Size in 2021||USD (9.50 B)|
|Projected Market Size in 2030||USD (15.70 B)|
|Market Size in 2022||USD (2022Value) Billion/Million|
|CAGR Growth Rate||8.9% CAGR|
|Prominent Players||Hexagon, FARO, Renishaw plc., Mitutoyo South Asia Pvt. Ltd., GOM & COMPANY., CHOTEST TECHNOLOGY INC., Baker Hughes Company, CyberOptics, Trimble Inc., SGS SA, IKUSTEC, CARMAR, Intertek Group plc, Nikon Corporation, Carl Zeiss AG, KLA Corporation, CREAFORM., Perceptron Inc., 3D Systems Inc., Automated Precision Inc.(API), KEYENCE CORPORATION., JENOPTIK AG, Bruker, Shining3D, and Others|
|Key Segment||By Component, Hardware, Services, and Region|
|Report Coverage||Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends|
|Regional Scope||North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America|
|Buying Options||Request tailored purchasing options to fulfill your requirements for research.|
- Based on component segmentation, the software segment is estimated to hold the largest market share during the forecast period and the hardware category is anticipated to grow consistently.
- Based on hardware segmentation, the optical digitizer and scanner segment is the leading revenue-generating category during the forecast period.
- The reverse engineering segment is the leading revenue-generating category based on services segmentation during the forecast period.
- Based on geography/region, the North American area was the leading revenue generator in 2021.
- February 2021: Mitutoyo, a company specializing in metrological technology and measurement tools, and Kitov Systems have inked a collaboration agreement. Through this agreement, Kitov’s Smart Visual Inspection Technology and Automated Planning are intended to be included in metrology products.
- October 2020: Microsoft and ZEISS, a significant provider of optical systems and optoelectronics, have established a multi-year strategic alliance. The collaboration intends to speed up ZEISS’ services and turn it into a top supplier of cloud-first digital services.
Throughout the projection period, North America is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. Massive technical advancements and automation in the region’s manufacturing industries are driving the industry. For example, the United States dominates the region’s 3D metrology industry, which is dominated by companies that provide equipment for the pharmaceutical, automobile, and aerospace industries. Faster automation of automobile production facilities also creates a sizable demand in the industry. Additionally, the robust manufacturing industry in the area’s vital need for metrological technology justifies the size of the 3D metrology market.
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- Renishaw plc.
- Mitutoyo South Asia Pvt. Ltd.
- GOM & COMPANY.
- CHOTEST TECHNOLOGY INC.
- Baker Hughes Company
- Trimble Inc.
- SGS SA
- Intertek Group plc
- Nikon Corporation
- Carl Zeiss AG
- KLA Corporation
- Perceptron Inc.
- 3D Systems Inc.
- Automated Precision Inc.(API)
- KEYENCE CORPORATION.
- JENOPTIK AG
The global 3D metrology market is segmented as follows:
- Coordinate Measuring Machine (CMM)
- Optical Digitizer & Scanner (ODS)
- Video Measuring Machine (VMM)
- 3D Automated Optical Inspection (AOI) System
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- 3D Scanning
On the basis of Geography
- The U.S.
- The UK
- Rest of Europe
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of the Middle East & Africa
- Rest of Latin America