Overview and Scope
3D metrology refers to electronic non-contact and contact measurement devices used to collect 3D data from physical objects such as textures, geometries, colors, shapes, and others. 3D Metrology assists in product quality control, inspection, reverse engineering, and virtual simulation and has numerous applications in industries such as aerospace, defense, automotive, architectural, medical, energy, and power.
Sizing and Forecast
The 3d metrology market size has grown strongly in recent years. It will grow from <b>$11.97 billion in 2023 to $13.03 billion in 2024 at a compound annual growth rate (CAGR) of 8.9%. </b> The growth in the historic period can be attributed to quality control and inspection, rise in aerospace and automotive industries, customization and mass production, semiconductor and electronics manufacturing, environmental and sustainability considerations.
The 3d metrology market size is expected to see strong growth in the next few years. It will grow to <b>$18.24 billion in 2028 at a compound annual growth rate (CAGR) of 8.8%. </b> The growth in the forecast period can be attributed to industry 4.0 and smart manufacturing, rising medical and healthcare applications, increasing use in construction and architecture, increasing research and development, rising geospatial and mapping applications. Major trends in the forecast period include adoption of automated 3d metrology systems, portable and handheld devices, artificial intelligence (ai) and machine learning, integration of ar and vr technologies, multi-sensor systems.
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Segmentation & Regional Insights
The 3d metrology market covered in this report is segmented –
1) By Product: Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Automated Optical Inspection, Video Measuring Machine (VMM), Other Products
2) By Application: Quality Control & Inspection, Reverse Engineering, Virtual Simulation, Other Applications
3) By End User: Aerospace & Defense, Automotive, Heavy Machinery Industry, Electronics, Architecture & Construction, Mining, Other End Users
<b>North America</b> was the largest region in the 3D metrology market in 2023. <b>Asia-Pacific</b> is expected to be the fastest-growing region in the 3D metrology market share during the forecast period. The regions covered in the 3d metrology market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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Major Driver Impacting Market Growth
The increase in adoption of Industry 4.0 is significantly driving the growth of the 3D metrology market. Industry 4.0 is referred to as a fourth industrial revolution, which focuses on interconnectivity, machine learning, and real-time data. Companies and industries across the globe are investing in innovative technologies including advanced 3D metrology systems as part of a shift towards industry 4.0 to improve manufacturing efficiency and increase connectedness and access to real-time information across partners, products, people, and stakeholders involved across the supply chain. According to the study conducted by the National Association of Software and Services Companies in collaboration with Capgemini in 2022, the investments in Industry 4.0 have grown by 10X between 2010 and 2020 and are expected to reach $200 billion by 2025. Thus, the increase in the adoption of Industry 4.0 is expected to propel the growth of the 3D metrology market.
Key Industry Players
Major companies operating in the 3d metrology market include <b> FARO Technologies Inc., Hexagon AB, Nikon Corporation, Carl Zeiss AG, Keyence Corporation, Northern Digital Inc., Novacam Technologies Inc., Jenoptik AG, Mitutoyo Corporation, KLA Corporation, Perceptron Inc., Renishaw plc, Creaform Inc., Baker Hughes Company, CyberOptics Corporation, Trimble Inc., 3D Systems Inc., Automated Precision Inc., Metrologic Group, Additive Manufacturing Technologies, Carmar Accuracy Co. Ltd., Intertek Group plc, Bruker Corporation, Shining 3D Tech Co. Ltd., InnovMetric Software Inc., Artec 3D, AccuScan Inc., Capture 3D, Centre for Process Innovation Limited, Johnson Matthey plc </b>
The 3d metrology market report table of contents includes:
1. Executive Summary
2.3D Metrology Market Characteristics
3.3D Metrology Market Trends And Strategies
4.3D Metrology Market analysis
5.3D Metrology Market Size And Growth
6.3D Metrology Segmentation
7.3D Metrology Regional And Country Analysis
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27.3D Metrology Competitive Landscape And Company Profiles
28.3D Metrology Key Mergers And Acquisitions
29.3D Metrology Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- FARO Technologies Inc.
- Hexagon AB
- Nikon Corporation
- Carl Zeiss AG
- Keyence Corporation
- Northern Digital Inc.
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