Global 3D Metrology Instrument Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global 3D Metrology Instrument Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

3D metrology is the scientific study of physical measurement. However, in looser terms it’s often referred to as the general field of precision measurement within industry. In its basic form, applying 3D metrology is very accurately acquiring an object’s geometrical data in 3 axes (x, y, z). These measurements are often acquired through the use of a coordinate measuring machine (CMM), optical digitizer and scanner (ODS) and video measuring machine (VMM). The report mainly studies global 3D Metrology Instrument Industry Market.

Market Overview:

The latest research study on the global 3D Metrology Instrument market finds that the global 3D Metrology Instrument market reached a value of USD 5128.09 million in 2022. It’s expected that the market will achieve USD 8358.9 million by 2028, exhibiting a CAGR of 8.48% during the forecast period.

Surging demand for industry 4.0

For automation to be successful in the Industry 4.0 era, data collected for monitoring and control must be reliably communicated. As a part of this trend, companies can incorporate metrology equipment into manufacturing systems to gather data for use in intelligent decision making to prevent process variation. Fully integrated 3D optical metrology promotes fully automated closed-loop production. In addition, improvements in computer processing and optical technology mean that the sheer amount of data that can be acquired and analyzed is vastly increased. 3D optical metrology solutions used in-process allow for processed data to be to be fed from the metrology system into the factory management system and this advances the concept of the smart factory. More intelligent, more flexible, and faster learning metrology systems are at the heart of — and integral to — industry 4.0, and all advanced manufacturing systems. Such metrology systems promote the evolution of connected factories, and will dramatically reduce downtime while at the same time speeding up production of more innovative, better designed, and higher quality products.

High cost incurred for setting up 3D metrology facility

3D metrology is widely adopted in the aerospace & defense, automotive, and manufacturing industries etc. The high cost is incurred in maintaining and calibrating 3D metrology instrument, metrology software, and software updates, as well as hiring metrologists and providing regular training, it is an extensive investment for small- and medium-sized enterprises. The setting up a whole metrology department makes it difficult to achieve a targeted return on investment (ROI) suitable within a corresponding business plan. The setting up process is expensive, time-consuming, and complicated. Thus, it becomes difficult for SMEs to invest heavily in implementing the metrology system, which is expected to restrict the growth of the 3D metrology instrument market during the forecast period.

Region Overview:

From 2023-2028, Asia is estimated to witness robust growth prospects.

Company Overview:

Hexagon is one of the major players operating in the 3D Metrology Instrument market, holding a share of 26.6% in 2023.

Hexagon

Hexagon AB is a global provider of design, measurement and visualisation technologies. Hexagon combines sensors, software and autonomous technology. Hexagon's manufacturing intelligence department provides solutions that use data from design and engineering, production and measurement to make manufacturing smarter.

Mitutoyo

Since its establishment in 1934, Mitutoyo has been offering measuring tools such as micrometers and calipers, and system instrument products, and the company’s products have since then been in demand and used by customers everywhere. They have a wide range of products, from micrometer, caliper and dial indicator to hardness tester, vision measuring system and 3D coordinate measuring machine.

Segmentation Overview:

By type, Coordinate Measuring Machine (CMM) segment accounted for the largest share of market in 2022.

Coordinate Measuring Machine (CMM)

A coordinate measuring machine (CMM) is a device that measures the geometry of physical objects by sensing discrete points on the surface of the object with a probe. Various types of probes are used in CMMs, including mechanical, optical, laser, and white light. Depending on the machine, the probe position may be manually controlled by an operator or it may be computer controlled. CMMs typically specify a probe's position in terms of its displacement from a reference position in a three-dimensional Cartesian coordinate system (i.e., with XYZ axes). In addition to moving the probe along the X, Y, and Z axes, many machines also allow the probe angle to be controlled to allow measurement of surfaces that would otherwise be unreachable.

CMMs are most often used to test a part or assemble to determine whether or not it respects the original design intent. CMMs are integrated within quality assurance or quality control workflows to check the dimensions of manufactured components to prevent or resolve quality issues.

The advantages of using CMMs over manual inspections or checks performed with conventional metrology instruments, such as micrometers and height gauges, are: accuracy, speed and the reduction of human error.

Optical Digitizer and Scanner (ODS)

Optical Digitizers and Scanners (ODS) are non-contact metrology systems which utilize laser or white light based scanning technology to image an object by obtaining several coordinate points and reconstruct them using software.

Video Measuring Machine (VMM)

Optical vision measuring machine (VMM) is a coordinate metrology machine designed for the measurement of linear size and geometrical size in computer technology with machine vision for high accuracy measurement, it can measure the linear size, such as point, line, distance, angle, circle, ellipse, rectangle, tangent and the geometrical size, such as straightness, flatness, circularity, cylindricity, perpendicularity, parallelism, angularity, position, concentricity, coaxiality, symmetry, line profile, surface profile, and etc.

Somebody calls VMM as a video measuring system, video measurement machine, multisensor measuring machine, even calls it as profile projector.

Application Overview:

By application, the Automotive segment occupied the biggest share from 2018 to 2022.

Key Companies in the global 3D Metrology Instrument market covered in Chapter 3:

Renishaw Plc
Wenzel
Creaform
Zeiss
Mitutoyo
Keyence
Hexagon
Perceptron
Zygo
Nikon Metrology
FARO

In Chapter 4 and Chapter 14.2, on the basis of types, the 3D Metrology Instrument market from 2018 to 2029 is primarily split into:

Coordinate Measuring Machine (CMM)
Optical Digitizer and Scanner (ODS)
Video Measuring Machine (VMM)
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the 3D Metrology Instrument market from 2018 to 2029 covers:

Aerospace
Construction
Automotive
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)