3D Metrology Market Size
The global 3D metrology market was valued at USD 9.58 Billion in 2021 and is expected to reach around USD 20.13 Billion by 2030, at a CAGR of about 8.6% between 2022 and 2030.
3D Metrology Market Overview
3D metrology is the technology that measures the height, length, distance and point of a 3D object. It is the new 3D scanning and modeling solution for production and engineering. 3D metrology helps the designers and engineers to easily capture high-quality data of the products without any manual work involved. With the power of cloud computing, 3D metrology helps in providing one of the fastest measurement speeds.
It is primarily used for reverse engineering and to analyze the defects in different objects and materials. The components include different software tools and hardware, which convert the 2D architectural models in videos and images with improved design, production workflows and manufacturing processes. 3D metrology helps in quality control, virtual simulation, reverse engineering and the inspection of the products.
3D Metrology Market Dynamics
The increasing adoption of the 3D metrology equipment in various industries like automotive, aerospace, energy and power, construction and engineering, heavy machinery and similar for maintaining the quality of the product is the major factor driving the growth of the 3D metrology market. Apart from this, the industry 4.0 along with the increased R&D expenditure by the of the metrology equipment manufacturers is also influencing the market growth.
Various developments in portable metrology equipment and the ware-driven process automation for customized services is also contributing to the market growth. Increased demand for luxury goods due to growing disposable income in the developing countries along with a weak GDP is expected to increase the adoption of 3D metrology solutions by various manufacturers.
3D Metrology Market Drivers
- High focus on quality control in manufacturing sector
- Increased R&D investments in 3D metrology
- Growing use of 3D data for modeling and analysis in different industries
- Rising demand for big data analytics
3D Metrology Market Restraints
- Lack of technical expertise for 3D metrology systems
- High cost associated with setting up 3D metrology facility
3D Metrology Market Opportunities
- Rise in demand for industry 4.0
- Growing adoption of cloud computing services
The outbreak and the spread of COVID-19 significantly affected the 3D metrology market. Various businesses and manufacturing units across different countries were shut down due to the increasing number of COVID-19 cases. Also, the complete of the partial lockdown drastically disrupted the supply chain thus creating challenges for the manufacturers to reach its customers. The effects of the COVID-19 were more prevalent in the locations where the manufacturers, suppliers or the customers conduct business, as the companies faced the constrained supply or a short demand that provided materials, thus impacting the overall 3D metrology market.
The limited production, personnel restrictions, disruption in the supply chain, delayed purchases along with cross-border trade restrictions that were resulting in the delays with consignment completion of the raw materials, especially from the Chinese market is hindering the market growth.
Apart from the short-term effects of the COVID-19 in 2020, various companies in the 3D metrology market are expecting for market recovery, especially in the Asia Pacific market. Promoting digitalization along with localizing businesses are some of the challenges that the manufacturers can face post COVID-19.
3D Metrology Market Segmental Analysis
The global 3D Metrology Market is segmented into component, product type, application, end-user and region.
3D Metrology Market, By Component
Software segment accounted for the maximum share of the global 3D metrology market in 2021
By component, the global 3D metrology market is segmented into software, hardware and services, wherein the software segment accounted for the maximum share of the market. The software allows data measurement and its accumulation from various sources. This helps in providing a self-explanatory and exhaustive report that is used for the identification of production trends and in the evaluation of the real-time deviations.
The 3D metrology services segment is expected to grow with the fastest CAGR during the forecast period. The lack of experts for 3D metrology and the high cost that is incurred for setting up the 3D metrology facility are the factors driving the growth of this segment. Various manufacturing companies are into outsourcing the 3D metrology measurement and the inspection work to different service providers in order to achieve reduced measurement uncertainty, short measuring times and process stability, thus driving the services segment growth.
3D Metrology Market, By Product Type
Coordinate Measuring Machine product type acquired a maximum share of global 3D metrology market in 2021
By product type, the market is segmented into Coordinate Measuring Machine (CMM), Video Measuring Machine (VMM), Optical Digitizer & Scanner (ODS), 3D Automated Optical Inspection (AOI) System and Others. Among these, the CMM market dominated the 3D metrology market in 2021, whereas the 3D AOI segment is expected to register the fastest growth rate during the forecast period.
The increasing need for the validation of geometric accuracy and the precision dimensional analysis in the aerospace & defense, automotive and manufacturing industries is responsible for the large share of the CMM segment. Apart from this, the growing adoption of the CMMs in the energy & power, electronics, heavy machinery and medical industry for maintaining the product quality is another factor that is driving the growth of this segment. Increasing demand for non-contact CMMs for inspection and QC applications in various industries is contributing to the market growth.
3D Metrology Market Regional
North America dominated the global 3D metrology market in 2021
North America 3D metrology had the major share of the global market is 2021, whereas the Asia Pacific region is estimated to grow with the fastest growth rate during the forecast period of 2022 to 2030. High demand for 3D metrology products from the industries of aerospace & defense and automobile is the major growth factor for the 3D metrology market in North America. Apart from this, various market leaders like FARO Technologies, Zeiss Group, Nikon Corporation, Hexagon and others have a huge presence in North America, thus adding to the advancement and growth of this region.
Asia Pacific is estimated to witness the highest growth in the upcoming years due to the presence of developing countries like Japan, India and China. This growth is also attributed to the huge manufacturing hub in the Asia Pacific region which manufacturers most of the industrial products. China, is the leader in manufacturing industrial output products like equipment manufacturing, food processing, transportation, consumer product, chemical, iron, steel and similar. The 3D metrology is used in various industrial and the power generation applications like raw casting, forging inspection, mold design as well as for inspecting the power generation components. These factors are responsible for creating huge opportunities in thus market thus driving the growth further.
3D Metrology Market Key Players
Some of the leading players in the 3D metrology market include
- CHOTEST TECHNOLOGY INC.
- Artec 3D
- 3D Systems
- CyberOptics Corp.
- Bruker, Perceptron, Inc
- InnovMetric Software Inc
- Capture 3D
3D Metrology Market Scope
|Market Size in 2021||USD 9.58 billion|
|Market Size in 2030||USD 20.13 billion|
|CAGR (%)||8.6% from 2022 to 2030|
|Historic Period||2018 – 2020|
|Forecast Period||2022 – 2029|
|Segments Covered||Component, Product Type, Application, End User|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Key Companies Profiled|
Hexagon, ZEISS Group, FARO Technologies, KLA Corporation, Nikon Corporation, Mitutoyo Corporation, Jenoptik, KEYENCE, GOM, Renishaw, Creaform, CHOTEST TECHNOLOGY INC., Artec 3D, 3D Systems, CyberOptics Corp., Bruker, Perceptron, Inc, InnovMetric Software Inc, Capture 3D, Polyrix among others
Global 3D Metrology Market Segmentation
Global 3D Metrology Market, By Component
Global 3D Metrology Market, By Product Type
- Coordinate Measuring Machine (CMM)
- Video Measuring Machine (VMM)
- Optical Digitizer & Scanner (ODS)
- 3D Automated Optical Inspection (AOI) System
Global 3D Metrology Market, By Application
- Quality Control & Inspection
- Virtual Simulation
- Reverse Engineering
Global 3D Metrology Market, By End User
- Aerospace & Defence
- Semiconductors & Electronics
- Construction & Engineering
- Heavy Machinery
Global 3D Metrology Market, By Region
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa