The 3D metrology market is estimated to grow from USD 9.6 billion in 2021 to reach USD 13.4 billion by 2026; it is expected to grow at a CAGR of 6.8% from 2021 to 2026. A few key factors driving the growth of this market are increased R&D spending on 3D metrology, focus on quality control while manufacturing goods, and demand for higher productivity by electronics manufacturing services companies. Factors such as increasing adoption of cloud computing services and surging demand for industry 4.0 are expected to provide growth opportunities to players in the 3D metrology market.
The 3D metrology CMM market for articulated arm CMM is expected to grow at the highest CAGR from 2021 to 2026 Automotive and aerospace & defense are the key industries for the 3D metrology CMM market, and these industries have started to adopt portable systems such as articulated arm CMM for measuring manufactured spare parts and key components that are used in vehicles or airplanes.The articulated CMM is used for point-cloud inspection or reverse-engineering owing to its ability to provide quick measurement with the help of laser scanners.
The portable articulated arm CMM is user-friendly and provides quick and accurate measurements of any object within a specified range. 3D metrology market for quality control and inspection is expected to grow at the highest CAGR from 2021 to 2026 Under quality control and inspection, 3D metrology is used for alignment, CAD-based inspection, dimensional analysis, and machine calibration, among others.Manufacturers use 3D metrology for accurate 3D scanning and inspection analysis to derive corrective action without slowing down the production.
Automotive and aerospace & defense are the major industries where 3D metrology is used for quality control and inspection. 3D metrology is mainly used in the automotive industry for automotive component inspection, powertrain components, and full-body inspection, as well as for checking the accuracy and precision of all areas in a vehicle plant.
North America to account for second largest size of 3D metrology market during forecast period North America is expected to account for second largest size of 3D metrology market from 2021 to 2026.The US held the largest share of the 3D metrology market in North America in 2020.
The presence of several automobile manufacturers and research institutes and large semiconductor companies in this region has increased the demand for 3D metrology equipment, which is fueling the growth of the North American 3D metrology market. The sales of 3D metrology equipment are expected to rise in key industrial segments including automotive, aerospace & defense, medical, and heavy machinery.
Breakdown of the profile of primary participants: • By Company Type: Tier 1 – 25 %, Tier 2 – 40%, and Tier 3 – 35% • By Designation: C-level Executives – 32%, Directors – 26%, Others - 42% • By Region: North America – 45%, Europe – 20%, APAC – 25%, and RoW – 10%
Hexagon (Sweden), FARO Technologies (US), KEYENCE Corp. (Japan), Jenoptik (Germany), Nikon Corp. (Japan), Mitutoyo Corp. (Japan), ZEISS Group (Germany), KLA Corp. (US), Perceptron (US), Renishaw (UK), Creaform (Canada), Baker Hughes Company (US), CyberOptics Corp. (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US) and Metrologic Group (France) are few major players in 3D metrology market.
Research Coverage Based on offering, the 3D metrology has been segmented into hardware, software, and services.Based on product type, the market has been classified into coordinate measuring machine (CMM), optical digitizer and scanner (ODS), form measurement equipment, video measuring machine (VMM), 3D automated optical inspection system (AOI), and others including 3D X-ray and CT system.
Based on application, the 3D metrology market has been segmented into quality control and inspection, virtual simulation, reverse engineering, and others including as-built documentation and modeling.Based on end-user industry, the 3D metrology market has been segmented into automotive, aerospace and defense, heavy machinery, energy and power, medical, semiconductor and electronics, mining, architecture and construction, and others.
Based on region, the 3D metrology market has been segmented into North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
Reasons to Buy Report
The report would help market leaders/new entrants in the following ways: 1. This report segments the 3D metrology market comprehensively and provides the closest approximations of the overall market size, as well as that of the subsegments across offerings, product types, applications, end-user industries, and regions. 2. The report helps stakeholders understand the pulse of the market and provides information on key market drivers, restraints, challenges, and opportunities. 3. This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business. The competitive landscape market share analysis and company evaluation matrix for the players operating in the 3D metrology market.
Our reports have been used by over 10K customers, including:
The Global Machine Condition Monitoring Market was valued at USD 3092.24 million in 2020 and expected to reach USD 5154.9 million by 2026 and grow at a CAGR of 9.02% over the forecast period (2021 - 2026). One of the primary goals for any business is the prolonging of an asset’s lifecycle and ensuring that the asset functions efficiently for...
In terms of market size, the hardware segment is expected to dominate the industrial metrology market during the forecast period and is likely to witness significant growth in the said market from 2021 to 2026.The scope of the hardware segment of the industrial metrology market includes coordinate measuring machine (CMM), optical digitizers...
The global prepreg market size is projected to grow from USD 6.2 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 10.5% between 2020 and 2025. Prepregs are demanded in various applications including aerospace & defense, wind energy, sporting goods, automotive, electronics (PCB), and others; due to its advantages properties such as...
329 pages •
By Asia Market Information & Development Company
• Mar 2021
China’s demand for Automotive Electronics has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth which has been stimulated by the consecutive increases of industrial output, import & export, consumer...
The market for polyimide films is expected to expand at a CAGR of over 7% during the forecast period. Major factors driving the market studied is the increasing demand from the electronics industry. High processing cost of polyimide films is one of the major challenges witnessed in the polyimide films market - Increasing adoption of...
The analog and mixed signal IP market is expected to register a CAGR of 14.5% during the forecast period from 2021 to 2026. Over the past decade, the integrated circuits have become increasingly complex and expensive. The industry started to embrace new design and reuse methodologies that are collectively referred to as system-on-chip (SoC),...
The global Syntactic foam market is estimated to be USD 132 million in 2020 and is projected to reach USD 169 million by 2025, at a CAGR of 5.2% from 2020 to 2025. Syntactic foam finds applications in various end-use industries such as marine & subsea, aerospace & defense, automotive & transportation, sports & leisure, and others due to its...
The inductive proximity sensor market was valued at USD 1463.8 million in 2019 and is expected to reach USD 2196.8 million by 2025, at a CAGR of 7% over the forecast period 2020 - 2025. The growing automotive industry in Asia is also creating potential for global inductive proximity sensor market. China’s new vehicle market expanded by 3%...
The global industrial services market is expected to be valued at USD 33.6 billion in 2020 and is expected to reach USD 44.1 billion by 2025, at a CAGR of 5.6% between 2020 and 2025. The growth of the industrial services market is attributed to the growing need for operational excellence, increasing demand for maintenance-as-a-service, and...
The proximity sensor market was valued at USD 2.92 billion in 2019 and is expected to reach USD 4.38 billion by 2025, at a CAGR of 7% over the forecast period 2020 - 2025. The proximity sensor can detect the presence of objects within its vicinity without any physical contact. For sensing objects, this sensor radiates or emits a beam of electromagnetic...
Aerospace And Defense
You can change your Cookie Settings at any time but parts of our site will not function correctly without them.