The global 3D Metrology market size is expected to reach USD 16.87 Billion by 2030 according to a new study by Polaris Market Research. The report “3D Metrology Market Share, Size, Trends, Industry Analysis Report, By End-Use (Aerospace & Defense, Automotive, Architecture & Construction, Medical, Semiconductor & Electronics, Energy & Power, Heavy Machinery, Mining, Others); By Product; By Application; By Offering; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Substantial developments in software-driven process automation, as well as transportable metrology equipment for customized services, have bolstered the industry's growth. Moreover, the launching of new technology-based equipment by the prominent players for rising industry demand around the world has enhanced the industry growth. For instance, in 2021, Xtura AB has launched Inovo Robotics’ flexible, collaborative robot for computerized high-precision part examination, targeting users for its flexible and reconfigurable solution in numerous industries such as aerospace, automotive, heavy manufacturing, and other applications.
Coordinate measuring machine (CMM) is likely to capture the largest 3-Dimensional metrology market share over the forecast period in the global industry due to their measurement advantages such as high precision and accuracy. The growing need for validating the dimensional as well as geometric precision in the automotive, manufacturing, and sectors industries is the key factor responsible for the highest share of the segment.
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As CMMs can offer onsite dimensional measurement to heavy equipment manufacturers including excavation, earthmoving, and agricultural machinery, the adoption of CMMs is anticipated to grow substantially during the review period.
North America holds the highest revenue share over the study period. The 3-Dimensional metrology industry is driven by the massive technological advances and automation in the manufacturing segments in the region. The faster automation of automotive engineering services generates substantial industry demand. Additionally, the high demand from the booming manufacturing sector in the region validates the region’s growth.
Market participants such as Artec 3D, KLA Corporation, Metrologic Group, Api Metrology, Applied Materials, Bruker, Carmar Accuracy Co., Ltd, Zeiss Group, Faro Technologies, Inc, Hexagon, Hexagon AB, Jenoptik, Keyence Corp., 3D Systems, Inc., Mitutoyo Corporation, Renishaw, Shining 3D, and Cyberoptics Corp. are some of the major players in the global market. The market is competitive with the presence of many players in the market. The industry is moderately consolidated with the few key players who adopt the following strategies of mergers &acquisitions and product innovation.
Polaris Market Research has segmented the 3D Metrology market report on the basis of offering, product, application, end-use, and region:
3D Metrology, By Offering Outlook (Revenue - USD Billion, 2018 - 2030)
3D Metrology, Product Outlook (Revenue - USD Billion, 2018 - 2030)
3D Metrology, Application Outlook (Revenue - USD Billion, 2018 - 2030)
3D Metrology, End-Use Outlook (Revenue - USD Billion, 2018 - 2030)
3D Metrology, Regional Outlook (Revenue - USD Billion, 2018 - 2030)