3D metrology is used in creating products of accurate models through the use of 3D modeling software. Reduction of development time and reduction in time of product-to-market are benefits of the technology. The global 3D metrology market report by Market Research Future (MRFR) covers trends and niches to be capitalized by industry leaders over the forecast period (2020-2027). The COVID-19 pandemic and its impact is measured in the report.
Market Scope
Over the projected period, the worldwide 3D metrology market is expected to grow at a rate of 9%. This can be linked to the increased use of automated technologies to speed up production. To boost the value chain, industries are integrating automation into existing operations. Quality control, research and development, and application in many industries can all help to fuel market expansion.
The rise of electric and hybrid vehicles has necessitated the use of 3D metrology. The market may benefit from a focus on quality control and the removal of unnecessary costs. In the future years, the market will benefit from the rise of smart manufacturing, as well as the introduction of smart factories to meet client demand. Due to increased R&D budgets, Industry 4.0 implementation combined with digitization of physical assets can boost market demand.
High initial investment expenditures for 3D metrology facilities, on the other hand, may stifle market expansion.
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Segmentation
Hardware Segment to Lead 3D Metrology System Market
Even with its popularity across many industries and the development of portable hardware such as laser trackers, CMMs, and vision systems, the hardware segment is expected to dominate global market sales. The conduct of quality testing is expected to boost segment demand.
CMM Segment to Dominate 3D Metrology System Market
With it's capacity to collect and store the measurements of the target object, the CMM segment is projected to dominate the market. The growth of the segment could be fueled by the rise of IIoT and the desire for higher-quality product inspections.
Reverse Engineering Segment to Spearhead 3D Metrology Market
The reverse engineering segment is expected to lead in the market owing to need for disruption in sunrise sectors and accurate capture of models through 3D scanners. Analysis of existing products and achievement of benchmarks to adhere to existing standards can drive segment growth.
Automotive Segment to Have Lions Share in 3D Metrology Market
The automotive segment is expected to lead in the market owing to establishment of various production units in developing regions and design of complex vehicles. Development of fuel-efficient vehicles in developing countries can drive the demand for 3D metrology services in the sector.
Regional Analysis
APAC to Lead in Global 3D Metrology Market
The adoption of 3D metrology by various industrial sectors for accurate measurement of dimensions and spaces can bode well for the market. Huge economic growth in Japan and China coupled with high production centers of steel, chemicals, consumer products, and iron can bode well for the market. Reverse engineering and quality inspection of products are main applications of 3D metrology.
Competitive Analysis
Nikon Corporation, GoM, Creaform, 3D System Corp, Applied Materials, Exact Metrology, Automated Precision, 3D Digital Corp, Carl Zeiss AG, Keyence, Hexagon AB, Mitutoyo Corporation, Jenoptik, Perceptron, FARO Technologies, and KLA-Tencor are key players in the global 3D metrology market. Mergers, acquisitions, partnerships, and new development of products are major strategies of the market.
Industry News
Sandvik has signed an agreement with DWFritz Automation Inc. for supporting development of non-contact metrology solutions and automation systems.
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3D Metrology Market Research Report: Information By Component (Hardware, Software and Service), By Product (Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Video Measuring Machine (VMM), Automated Optical Inspection and Form Measurement), By Application (Quality Control and Inspection, Reverse Engineering, Virtual Simulation and others), By End User (Aerospace & Defense, Automotive, Architecture & Construction, Medical, Electronics, Energy & Power, Heavy Machinery Industry, Mining and others) - Forecast till 2027
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Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
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