Pune, April 20, 2023 (GLOBE NEWSWIRE) -- As per SNS Insider, the 3D Metrology Market had a valuation of USD 9.5 billion in 2022, and is projected to expand to USD 19.69 billion by 2030, with a Compound Annual Growth Rate (CAGR) of 8.7% during the forecast period spanning from 2023 to 2030.
Market Report Scope
3D metrology involves the use of various techniques such as optical scanners, coordinate measuring machines (CMMs), laser trackers, structured light systems, and computed tomography (CT) scanning, among others. The data obtained through 3D metrology is used to create accurate 3D models of the object being measured, which can be analyzed for quality control, inspection, design, and reverse engineering purposes. This technology finds applications in various industries, including automotive, aerospace, medical, electronics, and consumer goods.
Download PDF Brochure For 3D Metrology Market: https://www.snsinsider.com/sample-request/1470
Market Analysis
The 3D metrology market is witnessing a significant growth trend as a result of the increasing adoption of cloud computing services. Businesses across industries are striving to reduce operating costs and improve profit margins, and cloud storage presents an attractive solution by avoiding large capital investments in physical storage devices and servers. Manufacturing metrology, which has traditionally been used for quality control purposes, is facing limitations due to the growing demand for higher speed, accuracy, security, and flexibility. As a result, innovative manufacturing technologies, such as data-driven cloud computing services, are gaining popularity as a means of overcoming these limitations and meeting current requirements.
Impact of Russia-Ukraine Conflict
The long-term outlook for the market remains positive, with increasing adoption of 3D metrology technology across a range of industries and applications, such as quality control, inspection, design, and reverse engineering. Nonetheless, the geopolitical situation will be closely monitored by industry players, as it has the potential to disrupt the market dynamics and create new challenges for the industry in the coming years.
Key Regional Development
The 3D metrology market has witnessed significant growth, with North America being the major revenue contributor. This is primarily due to the presence of numerous automobile manufacturers such as Ford Motors, General Motors, and research institutes in this region, which have increased the demand for 3D metrology equipment. Additionally, the presence of large semiconductor corporations in North America has further fueled the growth of the market. However, the Asia Pacific region is expected to record a healthy market growth rate during the forecast period. This can be attributed to the presence of major automotive giants in the region, such as Toyota, Hyundai, and Honda, among others.
Buy Exclusive PDF Copy of 3D Metrology Market Along With ME Sheet: https://www.snsinsider.com/checkout/1470
Recent Developments Related to 3D Metrology Market
- Singapore-based startup Augmentus has unveiled its latest offering in the form of a 3D Scan & Plan Robotic Programming System. The system aims to simplify and accelerate the process of programming robots by using 3D scanning and planning technology. By integrating 3D scanning technology, the system allows users to capture and digitize physical objects and environments. The resulting 3D models can then be used to plan and simulate robot movements and tasks, streamlining the programming process.
- ZEISS, the renowned German optics company, has announced its plan to acquire LENSO Sp. z o.o., a Poland-based manufacturer of high-quality industrial measurement and inspection systems. The acquisition is expected to strengthen ZEISS' portfolio in the field of quality assurance solutions and enable the company to expand its presence in the Eastern European market.
Key Takeaway from 3D Metrology Market Study
- According to SNS Insider, the Coordinate Measuring Machine (CMM) segment is expected to take the lead in the market. This comes as no surprise, as CMMs are highly accurate measurement devices used extensively in manufacturing, aerospace, and other industries.
- Recent market research has indicated that the quality control and inspection segment is expected to dominate the market. This is due to the increasing demand for high-quality and accurate products across various industries, including automotive, aerospace, and healthcare.
3D Metrology Market Scope
| Report Attributes | Details |
| Market Size in 2022 | US$ 9.5 Billion |
| Market Size by 2030 | US$ 19.69 Billion |
| CAGR | CAGR of 8.7% From 2023 to 2030 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Offering (Hardware, Software, Services) • by Product (Coordinate Measuring Machine (CMM), Video Measuring Machine (VMM), Form Measurement, Optical Digitizer and Scanner (ODS), Automated Optical Inspection) • by Application (Quality Control & Inspection, Virtual Simulation, Reverse Engineering, Other) • by End-User (Aerospace & Defence, Architecture & Construction, Semiconductors & Electronics, Heavy Machinery, Automotive, Medical, Energy & Power, Mining) |
| Company Profiles | Exact Metrology, 3D System Corp, Automated Precision, Creaform, Keyence, KLA-Tencor, Mitutoyo Corporation, Carl Zeiss AG, Applied Materials, 3D Digital Corp, GoM, Perceptron, Jenoptik, Nikon Corporation, FARO Technologies, Hexagon AB and Other players. |
| Market Drivers | • Research and Development. • Advancement in Technology. |
| Restraints | • High cost for setting-up 3D Technology. • Complicated process. |
Table of Contents
1. Introduction
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global 3D Metrology Market Segmentation, by Offering
9. Global 3D Metrology Market Segmentation, by product
10. Global 3D Metrology Market Segmentation, by application
11. Global 3D Metrology Market Segmentation, by End-User
12. Regional Analysis
13. Company Profiles
14. Competitive Landscape
15. Conclusion
About SNS Insider
At SNS Insider, we believe that businesses should have access to the best market intelligence and insights, regardless of their size or industry. That's why we offer a range of solutions tailored to meet the unique needs of each client, from startups to big corporations. With a passion for our work and an unwavering commitment to delivering value, we are dedicated to helping our clients achieve their full potential.
