3D Metrology Market Research Report


GMI Research anticipates that the 3D Metrology Market to witness a significant Compound Annual Growth Rate over the forecast period (2021-2028).

The factors driving the growth of 3D Metrology Market includes increasing focus on quality control while manufacturing good and growing emphasis on R&D for developing new 3D Metrology products. In addition, the rising application of Metrology solutions in consumer electronics industry, will increase the 3D Metrology Market size in the coming years. The increasing use of 3D Metrology products in industries such as aerospace & defense, consumer electronics and automotive, is further pushing the market growth. in 2021, Xtura AB launched Inovo Robotics for automating high-precision part inspection, for targeting its users in automotive, heavy engineering and other industries.

However, the growth of 3D Metrology Market is hindered due to high cost associated with maintenance of equipment, standardizing the metrological tools and training of metrologist.

Some of the prominent players operating in the market are Nikon Metrology NV, Mitutoyo Corporation, 3D Digital Corporation, Perceptron, Creaform Inc., Shining 3D Tech Co. Ltd, 3D Systems Corporation, FARO Technologies, Hexagon AB, Carl Zeiss among other.

Product – Segment Analysis

Based on the product, hardware is anticipated to grow at the highest rate in the global 3D metrology market over the forecast period due to growing demand for 3D metrology equipment in the automotive, defense and aerospace industries. In addition, the increasing use of 3D metrology equipment for the purpose of inspecting and dimensioning applications along with, increasing Governments support for setting up manufacturing plants, are further boosting the growth of 3D Metrology Market.

Component – Segment Analysis

Based on the component, Coordinate Measuring Machine is expected to hold the highest market share during the forecast period attributed to the increasing demand for automotive components across the globe. As per the report from Automotive Component Manufacturers Association (ACMA), the $46-billion automotive component industry in India is anticipated to grow by 10-15% in FY22.

Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is expected to capture a sizeable market share in the global 3D metrology market. The increasing Foreign Direct Investments for setting up manufacturing facilities due to low-cost availability of labor and funding by leading players for R&D are further boosting the market growth in the region. As per the UNESCAP report published in 2019, Foreign Direct Investment in North and Central Asia reached around USD 43 Billion, increased by 88% than compared to the investment received in FY 2018.

Market Segmentation

Global 3D Metrology Market by Product

  • Optical Digitizer and Scanner
  • Video Measuring Machine
  • Coordinate Measuring Machine
  • 3D Automated Optical Inspection System

Global 3D Metrology Market by Component

  • Hardware
  • Software
  • Services

Global 3D Metrology Market by Application

  • Reverse Engineering
  • Virtual Simulation
  • Quality Control & Inspection
  • Others

Global 3D Metrology Market by End-Users

  • Automotive
  • Energy & Power
  • Architecture & Construction
  • Aerospace & Defence
  • Electronics
  • Others

Global 3D Metrology Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
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Website: www.gmiresearch.com

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