3D Metrology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

3D Metrology Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Growth Factors of 3D Metrology Market

The 3D Metrology market size was valued at USD 11.54 billion in 2023, and the market is now projected to grow from USD 12.60 billion in 2024 to USD 38.97 billion by 2032, exhibiting a CAGR of 17.5% during the forecast period of 2024-2032.

The tremendous havoc caused by the widespread is quickly advancing, and its affect is being felt universally within the supply chains. This figure has had a negative impact on financial movements around the world which has also affected the 3D metrology market growth. Additionally, the worldwide showcase is anticipated to take note a moderate decline in 2020. It'll appear positive development within the future, and the direct decay is ascribed to the different producers. Automotive generation units that have closed down over India, China, the U.S., and European nations.

The expanding infiltration of the fabricating and automobile segments in Asia Pacific is making a require for progressed mechanical metrology quality control and estimation strategies. The 3D metrology framework is one of the most recent and most progressed innovations, which is utilized to degree the surface parameters such as surface measurements, surface wrapping up, zone, and others. It takes exceptionally less time to degree the parameters such as stature, profundity, width, and length than ordinary strategies. Due to its different benefits, 3D metrology procedures are trending within the market.

A cutting edge and modern apparatus moreover change their precision due to frictional misfortunes. It permits automotive producers to fabricate required items with more precision. Additionally, this framework gives a profoundly standard estimation framework that gives required limits and resistances. Coordinate measuring machines (CMM), Optical Digitizer & Scanners (ODS), and robotized optical review are picking up more notoriety within the automotive segment. This figure is driving the 3D metrology market.

Comprehensive Analysis Of 3D Metrology Market

Based on the bifurcation of product type of the 3D metrology, the market further is categorized into video measuring machine (VMM), Optical digitizer and scanner (ODS), automated optical inspection and Coordinate measuring machine (CMM). With the highest revenue generation, the coordinate measuring machine to lead the market. The applications of 3D metrology are segmented into virtual simulation, reverse engineering and quality control and inspection. The fragment quality control and inspection subjugated the market. The end-user analysis of the product is categorized as automotive, electronics, aerospace and defense, architecture and construction and manufacturing.

The Asia Pacific continent with a valuation of USD 6.07 billion the 3D metrology market share stood and is anticipated to rise as a ruling region within the worldwide showcase amid the figure period. The expanding utilizes of contactless quality control gear and measuring procedures and within the automotive production and fabricating industry drives the advertise within the region.

Among the top-notch key players, FARO Technologies holds the most elevated market share universally since it may be a major manufacturer of sensors and scanners, which is the most component of a 3D measurement system. Also, this company gives raw materials to other players within the worldwide advertise. Major players within the market include Keyence Corporation (Germany), Applied Materials (U.S), Hexagon AB (Sweden), Nikon Corporation (Japan), FARO Technologies, Inc. (U.S.), Intertek Group Plc (U.K.), Keyence Corporation (Japan), Renishaw Plc (U.K.).

Within the month of April 2022, the company FARO Technologies, Inc., which gives 4D computerized reality arrangements, propelled its unused end-to-end 3D advanced reality capture & collaboration stage. This stage employments cutting-edge innovation such as artificial insights and cloud computing to analyze and store estimation information.

Segmentation Table

ATTRIBUTE

DETAILS

Study Period

2018-2029

Base Year

2021

Estimated Year

2022

Forecast Period

2022-2029

Historical Period

2018-2020

Unit

Value (USD Billion)

Segmentation

By Product Type

Coordinate Measuring Machine (CMM)

Optical Digitizer & Scanner (ODS)

Automated Optical Inspection

Video Measuring Machine (VMM)

By Application

Quality Control & Inspection

Reverse Engineering

Virtual Simulation

By End-user

Electronics

Architecture & Construction

Aerospace & Defense

Manufacturing

Automotive

Others

By Region

North America (By Product Type, Application, End-user & Country)

• U.S. (By End-user)
• Canada (By End-user)
• Mexico (By End-user)

Europe (By Product Type, Application, End-user & Country)

• U.K. (By End-user)
• Germany (By End-user)
• France (By End-user)
• Italy (By End-user)
• Spain (By End-user)
• Rest of Europe (By End-user)

Asia Pacific (By Product Type, Application, End-user & Country)

• China (By End-user)
• India (By End-user)
• Japan (By End-user)
• South Korea (By End-user)
• Rest of Asia Pacific (By End-user)

Middle East & Africa (By Product Type, Application, End-user & Country)

• GCC (By End-user)
• South Africa (By End-user)
• Rest of the Middle East and Africa (By End-user)

South America(By Product Type, Application, End-user & Country)

• Brazil (By End-user)
• Argentina (By End-user)
• Rest of South America (By End-user)

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