3D Metrology Market Trends And Future Forecast For 2023 To 2028

Research by Global Market Studies has reported a CAGR of 8.2 % for the 3D Metrology Market, expecting to expand to a value of USD 23.1 billion by 2028.

The market for tools and software used to gauge the three-dimensional geometry of objects is referred to as the 3D metrology market. Coordinating Measuring Machines (CMMs), Optical Scanners, Laser Trackers, Portable Measurement Arms and Data Analysis and Visualization Software are all part of this sector.

Due to the rising demand for precise and accurate measurements in sectors like aerospace, automotive and manufacturing, the quality control and inspection application segment is predicted to hold the greatest share of the 3D metrology market and the (ODS) market is anticipated to experience significant expansion for their capacity to record precise and thorough measurements of intricate shapes and surfaces, optical digitizers and scanners.

Since high-precision measurements for aircraft and missile components are becoming more and more in demand, the aerospace and military end-user sector is also expected to account for a notable share of the market.

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 Market Dynamics

Drivers :

The demand for 3D metrology equipment is being driven by the manufacturing sector’s growing requirement for precise measurements and quality control. These tools are employed to check that goods conform to requirements and spot flaws or faults.

The market for 3D metrology is also expanding as a result of the creation of new technologies such as portable CMMs, laser trackers and optical scanners. Compared to conventional measuring instruments, these ones offer improved precision, quicker measurement times and easier usage.

The market is poised for tremendous development and innovation as a result of the integration of 3D metrology devices with Industry 4.0 technologies including automation, artificial intelligence and machine learning and while precise measurements are necessary to generate high-quality products, increased use of 3D printing and additive manufacturing is boosting demand for 3D metrology devices.

Opportunities:

The healthcare sector is adopting 3D metrology devices more frequently for tasks including the production of medical devices, the design of orthopedic implants and surgical planning. The demand for portable and handheld devices is rising as more people realize how flexible and user-friendly these devices are compared to more conventional fixed devices.

The use of cloud-based software for data analysis and visualization is also expanding steadily, giving software companies the chance to present their clients with fresh, cutting-edge solutions.

Restraints & Challenges:

For certain clients, the high cost of 3D metrology equipment, especially high-end equipment like laser trackers and portable CMMs can be a deterrent to adoption and 3D metrology equipment also requires specific knowledge and training that may be difficult for some firms to hire or keep qualified staff.

 

It can be difficult to integrate 3D metrology devices with current systems and processes, especially for legacy systems that might not be compatible with contemporary 3D metrology equipment. Without the proper software and IT infrastructure, 3D metrology equipment produces a lot of data that can be challenging to manage and interpret.

 

Moreover, companies utilizing 3D metrology equipment may find it difficult to comply with rules in various sectors, including aircraft and the healthcare industry. The manufacture and disposal of 3D metrology equipment may have a negative influence on the environment as well, especially given the use of electronics and plastics.

Recent Developments & Partnerships:

• In April 2022, Faro Technologies, a leading provider of 4D digital reality solutions, introduced FARO Sphere, a highly effective platform for data capture and collaboration that includes the industry’s quickest, most accurate, most data-sharing-capable scanner.

In February 2022, Hexagon purchased ETQ expanding its software offering with a SaaS-based QMS platform. ETQ will allow for the integration of quality data and supply chains, integrating suppliers and clients into a single platform.

• In June 2021, ZEISS International and Shree Rapid Technologies teamed together to promote and enhance machine monitoring and scanning technologies in India, which will provide benefits such as advancements in measurement technology.

• In May 2021, ZEISS International purchased GOM 3D non-contact measuring solutions, the US partner for Capture 3D. By implementing this strategic approach, ZEISS International also expanded its business presence in the United States.

Key Players:

FARO, Metrological Media Innovations B.V., Hexagon, Automated Precision Inc. (API), Nikon Corporation, InnovMetric Software Inc., KLA Corporation, Artec Europe., Carl Zeiss AG, Shining3D, Intertek Group plc, KEYENCE CORPORATION., Renishaw plc., JENOPTIK AG

Frequently Asked Questions

1) What is the projected market value of the 3D Metrology Market?

– The 3D Metrology Market is expected to reach a value of USD 23.1 billion by 2028

2) What is the estimated CAGR of the 3D Metrology Market over the 2023 to 2028 forecast period?

– The 3D Metrology Market is expected to grow at a CAGR of approximately 8.2% from 2023 to 2028.

3) Who are the key players in the 3D Metrology Market?

– FARO, Metrological Media Innovations B.V., Hexagon, Automated Precision Inc. (API), Nikon Corporation, InnovMetric Software Inc., KLA Corporation, Artec Europe., Carl Zeiss AG, Shining3D, Intertek Group plc, KEYENCE CORPORATION., Renishaw plc., JENOPTIK AG

About Global Market Studies

Global Market Studies is a leading global market research and data services consultancy, providing actionable, objective, bespoke insights to business all over the world across multiple industry verticals also we are specialised in Semiconductor market research reports and analysis. With a team of highly-experienced and domain-specific research and data experts focused on high-quality research, we are able to deliver to our clients high-quality market intelligence. Using cutting-edge, proprietary research tools we help our clients identify new market opportunities, apprehend risk early-on, maximize revenue sources and enter disruptive markets. Through a suite of impactful solutions developed using the knowledge of emerging markets, Global Market Studies is able to add real value to clients’ decision-making process so they may stay ahead of change and develop that much-needed competitive edge. We are a global market research company underpinned by quality analysis and unmatched experience combining our forte of swift turnarounds that suit your deadlines along with an ever-growing network of researchers and analysts.

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