3D Metrology Market to Touch Valuation of US$ 13.6 Bn by 2030

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The global 3D metrology market size is expected to be worth around US$ 13.6 billion by 2030, according to a new report by Vision Research Reports.

The global 3D metrology market size was valued at US$ 9.3 billion in 2020 and is anticipated to grow at a CAGR of 10.8% during forecast period 2021 to 2030.

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Report Coverage

Report Scope Details
Market Size USD 13.6 billion by 2030
Growth Rate CAGR of 10.8% From 2021 to 2030
Base Year 2021
Forecast Period 2021 to 2030
Segments Covered Component, Hardware, Services, End-use
Regional Scope North America, Europe, Asia Pacific, Latin America, Middle East & Africa
Companies Mentioned 3D Systems, Inc.; Zeiss International; FARO Technologies, Inc.; Hexagon AB; Intertek Group Plc; Nikon Corporation; KLA Corporation; Keyence Corporation; Perceptron, Inc.; Renishaw Plc; and Applied Materials.

Growth Factors

 Increasing demand for high precision and accuracy in measurement, advancements in 3D metrology systems, growing focus on quality control, and hike in R&D expenditure is expected to fuel the market growth over the forecast period.

The increasing adoption of 3D metrology equipment in industries such as automotive, aerospace, engineering and construction, medical, electronics, heavy machinery, and energy and power is one of the most influential factors behind the growth of the market.

By Component Analysis

Based on component, the market for 3D metrology has been further segmented into hardware, software, and services. The software segment dominated for 34.2% of the overall market in 2020. The software enables complete data accumulation and measurement from numerous sources.

Service providers manage these requirements of measuring large parts at client’s facilities. They also offer calibration services, training, equipment rental, tool design, automation, and system integration of measurement equipment.

By Hardware Analysis

The hardware segment for the 3D metrology market is categorized into Optical Digitizer and Scanner (ODS), Coordinate Measuring Machine (CMM), 3D Automated Optical Inspection (AOI) System, and Video Measuring Machine (VMM).

The rise in the adoption of super-high-speed metrology hardware and software in several diverse organizations such as medical, building information modeling (BIM), automotive, aerospace, archaeological architecture research, and restoration adds value to the manufacturing process.

By Services Analysis

The services segment for the market for 3D metrology is categorized into quality control and inspection, reverse engineering, virtual simulation, and 3D scanning. The reverse engineering segment dominated the market in 2018 and was valued at USD 2.7 billion.

The trend accreditation of calibration laboratories by A2LA is also crucial for the provision of quality service to foster customer confidence. The services personnel are dedicated to the compliance of ISO 9001:2008, AS9100:2009, ISO 10012, ANSI/NCSL Z540 (the U.S. only), and ISO/IEC 17025.

By End-use Analysis

Based on end use, the market for 3D metrology is segmented into aerospace, automotive, medical, construction and engineering, heavy machinery, and others. The industries such as electronics, power generation, and automotive need components having low tolerance limits and high precision.

 The automotive segment accounted the market and accounted for 23.8% of the market in 2020. The growth in the demand for high-end vehicles, as well as fuel-efficient transport, especially in emerging economies, is anticipated to spur the demand for 3D metrology solutions over the next decade.

By End-use Analysis

North America accounted the market for 3D metrology and was valued at USD 5.1 billion in 2020. The region is mainly driven by the strong presence of aerospace, automotive, and pharmaceutical equipment manufacturers in the U.S. Rapid automation of the automotive manufacturing facilities is one of the significant factors behind the demand for inline dimensional metrology solution.

Asia Pacific is slated to witness the highest CAGR of 12.0% from 2021 to 2030 owing to the presence of flourishing industrial economies such as China, India, and Japan. The Asia Pacific region is the manufacturing hub for most of the industrial products.

Key Players

3D Systems, Inc.; Zeiss International; FARO Technologies, Inc.; Hexagon AB; Intertek Group Plc; Nikon Corporation; KLA Corporation; Keyence Corporation; Perceptron, Inc.; Renishaw Plc; and Applied Materials

Market Segmentation

  • Component
    • Hardware
    • Software
    • Services
  • Hardware
    • Coordinate Measuring Machine (CMM)
    • Optical Digitizer & Scanner (ODS)
    • Video Measuring Machine (VMM)
    • 3D Automated Optical Inspection (AOI) System
  • Services
    • Quality Control & Inspection
    • Reverse Engineering
    • Virtual Simulation
    • 3D Scanning
  • End-use
    • Aerospace
    • Automotive
    • Medical
    • Construction & Engineering
    • Heavy Machinery
    • Others
  • Regional
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
    • Asia Pacific
      • China
      • India
      • Japan
      • South Korea
    • Latin America
      • Brazil
      • Mexico
    • Middle East and Africa

Browse complete table of contents at@ https://www.visionresearchreports.com/3d-metrology-market/toc/38708

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2030);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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