3D Metrology Market to expand at a CAGR of 8.20% by 2032

3D Metrology Market Insights

The size of the 3D metrology market was estimated at USD 8 billion in 2022. The market for 3D metrology is anticipated to increase from USD 8.6 billion in 2023 to USD 16.2 billion by 2032, with a compound annual growth rate (CAGR) of 8.20% over the five-year forecast period (2023-2032). The main factors boosting market growth are the expanding use of extremely accurate inspection, extensive information, and increased focus on quality control.

Over the past ten years, 3D metrology has undergone significant R&D. The 3D metrology market CAGR is highly dependent on technological research and development. In recent years, there have been a number of innovations in metrology as a result of the security-consciousness of consumers, strict governmental restrictions, and scientific advancements.

The top companies in the 3D metrology sector are also primarily focused on improving the quality of the goods produced through precision measurement employing cutting-edge 3D metrology techniques and tools. Extremely accurate precision measuring systems are advantageous for almost any mechanical application.

Non-contact precision measuring, automation, and 3D precision measuring technologies are also three of the most significant industrial trends. The 3D metrology sector is developing new systems to adapt to these shifting industrial structures.

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Key Companies in the 3D metrology market include

• Exact Metrology (US)
• Applied Materials (US)
• 3D System Corp (US)
• 3D Digital Corp (US)
• Automated Precision (US)
• GoM (Germany)
• Creaform (Canada)
• Perceptron (US)
• Keyence (Japan)
• Jenoptik (Germany)
• KLA-Tencor (US)
• Nikon Corporation (Japan)
• Mitutoyo Corporation (Japan)
• FARO Technologies (US)
• Carl Zeiss AG (Germany)
• Hexagon AB (Sweden)

Segmentation

Hardware, software, and services are included in the component-based segmentation of the 3D metrology market. It is anticipated that the hardware category would have a sizable market share.

The Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Video Measuring Machine (VMM), Automated Optical Inspection, and Form Measurement are among the product categories that make up the 3D metrology market segmentation.

The subsegment of coordinate measurement machines (CMM) is anticipated to have a strong hold on the market.

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Applications that make up the 3D metrology market segmentation include reverse engineering, virtual simulation, and quality control and inspection. The sector for quality control and inspection is anticipated to have a sizable market share.

The 3D metrology market is made up of the heavy machinery industry, mining, aerospace and defence, automotive, architectural and construction, medical, electronics, energy and power. It is anticipated that the automobile sector would account for a sizable share of the market.

The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. North America served as the primary revenue sponsor in the market for 3D metrology.

The region’s availability of manufacturers, such as Ford Motor and General Motors, as well as research institutes and significant semiconductor businesses, has increased the demand for 3-Dimensional metrology equipment. Due to the presence of sizable industrial facilities in the continent, Europe holds the second-largest market share for 3D metrology. Additionally, the UK’s 3D metrology market grew the fastest in the European region, while the German 3D metrology market had the biggest market share.

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