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According to a new report by IMIR Market Research on Global market for 3D metrology was valued at approximately USD 9.31 billion in 2023. Over the course of the forecast period (2024–2031), it is expected to increase at a compound annual growth rate (CAGR) of 6.9%, reaching a valuation of USD 14.48 billion by 2031.
The market for 3D metrology is growing as cloud computing services are used more widely. Every company wants to increase operating margins while decreasing costs. Cloud storage eliminates the need for significant upfront costs associated with the acquisition of servers and physical hard drives. Due to the increasing needs for speed, accuracy, security, and elasticity, manufacturing metrology—which is frequently employed for quality control—is quickly reaching its limits. State-of-the-art manufacturing technologies are heavily preferred in order to overcome certain constraints and meet present needs. This will consequently increase the need for cloud computing services, which will support the expansion of the 3D metrology market. The adoption of Industry 4.0 has a significant influence on how the 3D metrology market's services segment develops.
One of the main drivers of the services sector's rise in the 3D metrology industry is the incorporation of Industry 4.0 concepts. Industry 4.0 emphasizes the digitalization of physical assets and their smooth integration into digital ecosystems that involve different value chain stakeholders. The overall market expansion is being driven by significant breakthroughs in software-driven process automation and the creation of portable metrology equipment specifically designed for bespoke services, which have resulted from this digital evolution. Furthermore, businesses are expected to need to implement 3D metrology solutions because to the rising demand for luxury goods, which is being driven by rising disposable income in developing economies and nations with weaker GDPs. In the healthcare sector, 3D metrology is used for medical device quality monitoring as well as the design and manufacture of prosthetics and implants. This market sector has grown as a result of improvements in healthcare technologies and an aging population.
Growing Need for Extreme Measurement Accuracy and Precision
Technological Developments in 3D Metrology
Integrating Machine Learning & Artificial Intelligence
The growth of handheld & portable metrology systems
Limited Technical Knowledge of 3D Metrology Systems
The report will cover the qualitative and quantitative data on the global 3D Metrology Market. The qualitative data includes latest trends, market players analysis, market drivers, market opportunity, and many others. Also, the report quantitative data includes market size for every region, country, and segments according to your requirements. We can also provide customize report in every industry vertical.
Study Period | 2024-31 |
Base Year | 2023 |
Estimated Forecast Year | 2024-31 |
Growth Rate | CAGR of 6.9% from 2024 to 2031 |
Segmentation | By Component, By Hardware, By Services, By End-use, By Region |
Unit | USD Billion |
By Component |
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By Hardware |
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By Services |
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By End-user |
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By Region |
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• Hexagon AB
• Zeiss Group
• Faro Technologies, Inc.
• Nikon Metrology NV
• Renishaw plc
• Perceptron, Inc.
• Creaform Inc.
• Keyence Corporation
• GOM GmbH
• Mitutoyo Corporation
• Automated Precision Inc.
• Jenoptik AG
• WENZEL Group GmbH & Co. KG
• ZEISS Industrial Metrology
• Carl Zeiss Optotechnik GmbH
• KLA Corporation
• Bruker Corporation
• Trimble Inc.
• Leica Geosystems AG
• CyberOptics Corporation
• 3D Systems Corporation
• Cognex Corporation
By Component Type
By Hardware Type
By Services Type
By End-use Type
The report also helps in understanding Global 3D Metrology Market dynamics, structure by analyzing the market segments, and project the Global 3D Metrology Market size. Clear representation of competitive analysis of key players by type, price, financial position, product portfolio, growth strategies, and regional presence in the Global 3D Metrology Market make the report investor’s guide.
The market scope is segmented because of by Component, by Hardware, by Services, by End-use.
By Component
Based on the Component of the market is segmented into Hardware, Software, Services.
The hardware sector, that is expected to increase at a CAGR of 6.8% over the projected period, is the market share contributor with the greatest growth rate. With 3D metrology gear, a machine's performance is assessed and analyzed in order to determine its strengths and weaknesses with respect to the items that need to be scanned. The growing use of 3D metrology equipment across a range of industries, including heavy machinery, automotive, aerospace, construction and engineering, energy and power, is the main factor propelling the hardware segment's growth. These companies maintain the quality of their products with the aid of 3D metrology equipment. The hardware market is subdivided into four distinct categories: video measuring machines, coordinate measuring machines, optical digitizers and scanners, and 3D automated optical inspection systems.
The software enables the collection and analysis of all information available from several sources. Consequently, it offers comprehensive and self-explanatory textual and graphical reports that evaluate in-the-moment variances and indicate production tendencies. Moreover, operations that use CAM/CAD software include production engineering, tooling, metal fabrication, sheet metal, stone, and woodworking. It results in higher production efficiencies and process value, which raises demand for software applications. Some small machine parts require high accuracy for inspection, which metrology software provides.
By End User
Based on the End User of the market is categorised into Automotive, Aerospace, Medical, Heavy Machinery, Construction & Engineering.
The reverse engineering industry leads the market share and is expected to grow at a compound annual growth rate (CAGR) of 6.7% during the projection period. The process comprises measuring an object and then reconstructing it as a three-dimensional representation. Reverse engineering can be used to analyze a product's functionality and subcomponents, which facilitates cost calculations and the identification of patent violations. The surge in demand for creative reverse engineering solutions using the convention of CAD models or by evaluation of the CAD model archetype, primarily in the automotive industry, has not only changed the application setup of the metrology system but also the typical implementation of these solutions.
A quality inspection technique may involve testing, measuring, or checking one or more product features; the results are compared to the requirements to guarantee conformance. This is an activity that is typically performed by specialized individuals rather than production personnel. Moreover, products that fulfill the specifications are neither accepted nor sent back for modification. It is imperative that trend certification of standardizing laboratories by A2LA be provided in order to guarantee that customers receive excellent service. Furthermore, to meet the demands of global consumers, manufacturers are employing globally recognized quality standards and guidelines, such as ISO-9001, QS-9000, and Six Sigma.
By region, Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study.
North America leads the 3D metrology market, and is expected to grow at a 5.6% compound annual growth rate (CAGR) over the projected period. The major presence of OEMs in the automobile, aerospace, and pharmaceutical industries—particularly in the US—drives the region. The North American market is expected to increase as a result of the adoption of cutting-edge technology in many industries, including aerospace and defense, the industrial sector, and other fields in the United States and Canada. One of the main causes of the increase in demand for inline dimensional metrology equipment is the fast mechanization of auto manufacturing plants. Because of the growth of data centers and the region's 5G network, North America also holds a stranglehold on the market for 5G networks.
Asia Pacific is expected to grow at a CAGR of 8.6% during the projection period. The Asia-Pacific region is anticipated to be the most profitable market for 3D metrology during the course of the projected period. The main driver of the growth is the rise in automobile production in developing countries like China and India. The growing use of metrology solutions in the engineering, medical, and construction sectors is driving market demand during the anticipated period, especially in the region's emerging economies. The Asia-Pacific region is the center of manufacturing and engineering with the highest level of industrialization. In addition, China leads the world in the manufacturing of consumer products, machinery, steel, iron, chemicals, food processing, and transportation items.
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3D Metrology Market Trends: Market key trends which include Increased Competition and Continuous Innovations Trends:
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20 Jun 2022