Introduction of the 3D Metrology Market Report

3D metrology is a technology used to measure dimensions such as length, height, the distance of three-dimensional objects. 3D metrology is the aspect of measurement that converts the accurate model into architectural videos and images for better results. 3D metrology is an evolving measurement technique and solution for numerous industries such as automotive, aerospace and defence, semiconductor among others. It facilitates manufacturers to monitor the quality and the efficiency of the components needed to create the desired industrial products.

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Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global 3D metrology market include increasing demand for the precise and accurate dimensions for quality products across several industries, including automotive, aerospace & defense, consumer electronics, and many others, owing to the surge in globalization and industrialization. 3D metrology is the fastest and easiest way of measuring dimensions of the components, which is being adopted across several industries across the globe.

Moreover, the launching of new technology-based equipment by the leading players for growing industry demand around the globe has propelled the market growth. For instance, in 2021, Xtura AB has launched Inovo Robotics’ modular collaborative robot for automated high-precision part inspection, targeting users for its flexible and reconfigurable solution in several industries as aerospace, automotive, heavy engineering, and other applications.

Restraint in the 3D Metrology Market

However, the high capital requirement for the manufacturing of precise and accurate testing equipment and rising concerns related to the requirement of a skilled workforce to operate 3D metrology instruments and equipment may hamper the global 3D metrology market.

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Product – Segment Analysis

Based on the product, hardware is expected to grow at the fastest rate in the global 3D metrology market during the forecast period owing to rising demand for accurate dimension components in automotive, aerospace, and defence industries with growing government support for new manufacturing plants across the globe. For instance, in 2020, Kinetic Green, an electric vehicles manufacturer, has planned to set up a manufacturing facility for the electric golf carts in Andhra Pradesh, India. The projects involve USD 236.27 million for setting up a manufacturing facility for electric golf carts and a battery swapping unit. It has created a massive demand for the hardware segment used for measuring and inspecting these electric vehicles components and other manufactured parts at the plant.

Component – Segment Analysis

Based on the component, a coordinate measuring machine is projected to capture the largest market share over the forecast period in the global 3D metrology market due to the rising demand for automotive component production globally with a surge in demand for precise components. For instance, according to the India Brand Equity Foundation Organization, the automotive component manufacturer’s capital expenditure in India has been reached USD 33.26 Billion in the first quarter of 2020. It created a massive demand for CMM machines for measuring the automotive component.

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Regional – Segment Analysis:

Based on the region, the Asia-Pacific region is expected to capture a significant market share in the global 3D metrology market in 2020 due to the presence of growing manufacturing industry. Growing in the foreign direct investment for establishing the manufacturing facility in this region due to the availability of low-cost labor has propelled the 3D metrology market growth. In the manufacturing industry, 3D metrology is widely used for the accurate checking of the components in several industries. Thus, increasing investment in Asia-Pacific region for the manufacturing facilities due to low labour cost and availability of raw material have propelled the 3D metrology market growth. For instance, according to the UNESCAP report in 2019, foreign direct investment in North and Central Asia reached USD 43 Billion, increased by 88% compared to the previous year. It created a massive demand for the 3D metrology market growth in this region. 

Top Market Players

Various notable players operating in the market, includes 3D Digital Corporation, Perceptron, Inc., 3D Systems Corporation, FARO Technologies, Hexagon AB, Nikon Metrology NV, Mitutoyo Corporation, Carl Zeiss, Creaform Inc., Shining 3D Tech Co.,Ltd, among others. 

Key Developments:

• • In 2021, Hexagon has opened a smart manufacturing innovation center in Singapore with an array of advanced technologies for an autonomous future.
  • In 2021, Capture 3D, one of the leading innovative 3D measurement solutions providers, has partnerships with GOM GmbH, a ZEISS company, for launching a new collaborative 3D scanning system. These companies have announced the GOM ScanCobot, a mobile automated 3D scanning system with integrated GOM’s blue light 3D scanners ATOS Q and ATOS Core. This system supports GOM’s intelligent software that can produce precise, accurate, and repeatable measurement results without any prior knowledge about robotics programming required.

Segments covered in the Report:

The global 3D metrology market has been segmented on the basis of product, component, application, end-users and key regions. Based on product, the market is segmented into Optical Digitizer and Scanner, Video Measuring Machine, Coordinate Measuring Machine and 3D Automated Optical Inspection System. Based on component, the market is segmented into hardware, software, and services. Based on application, the market is segmented into Reverse Engineering, virtual simulation, quality control & inspection and others. Based on End-Users the market is segmented into automotive, energy & power, architecture & construction, aerospace & defence, electronics and others. 

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Key questions answered in this research report:

• • At what pace is global 3D Metrology market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in 3D Metrology market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global 3D Metrology market?
  • Which product generated maximum revenues in 2020 and identifies the most promising Product during the forecast period?
  • What are the various application areas of global 3D Metrology market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Product, By Component, By Application, By End-Users, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	3D Digital Corporation, Perceptron, Inc., 3D Systems Corporation, FARO Technologies, Hexagon AB, Nikon Metrology NV, Mitutoyo Corporation, Carl Zeiss, Creaform Inc., Shining 3D Tech Co.,Ltd, and among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

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

• • North America 3D Metrology Market (Option 1: As a part of the free 25% customization)
    • North America 3D Metrology Market by Product
    • North America 3D Metrology Market by Component
    • North America 3D Metrology Market by Application
    • North America 3D Metrology Market by End-Users
    • US 3D Metrology Market All-Up
    • Canada 3D Metrology Market All-Up
  • Europe 3D Metrology Market (Option 2: As a part of the free 25% customization)
    • Europe 3D Metrology Market by Product
    • Europe 3D Metrology Market by Component
    • Europe 3D Metrology Market by Application
    • Europe 3D Metrology Market by End-Users
    • UK 3D Metrology Market All-Up
    • Germany 3D Metrology Market All-Up
    • France 3D Metrology Market All-Up
    • Spain 3D Metrology Market All-Up
    • Rest of Europe 3D Metrology Market All-Up
  • Asia-Pacific 3D Metrology Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific 3D Metrology Market by Product
    • Asia-Pacific 3D Metrology Market by Component
    • Asia-Pacific 3D Metrology Market by Application
    • Asia-Pacific 3D Metrology Market by End-Users
    • China 3D Metrology Market All-Up
    • India 3D Metrology Market All-Up
    • Japan 3D Metrology Market All-Up
    • Rest of APAC 3D Metrology Market All-Up
  • RoW 3D Metrology Market (Option 4: As a part of the free 25% customization)
    • RoW 3D Metrology Market by Product
    • RoW 3D Metrology Market by Component
    • RoW 3D Metrology Market by Application
    • RoW 3D Metrology Market by End-Users
    • Brazil 3D Metrology Market All-Up
    • South Africa 3D Metrology Market All-Up
    • Saudi Arabia 3D Metrology Market All-Up
    • UAE 3D Metrology Market All-Up
    • Rest of world (remaining countries of the LAMEA region) 3D Metrology Market All-Up

Major Players Operating in the 3D Metrology (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • 3D Digital Corporation
  • Perceptron, Inc.
  • 3D Systems Corporation
  • FARO Technologies
  • Hexagon AB
  • Nikon Metrology NV
  • Mitutoyo Corporation
  • Carl Zeiss
  • Creaform Inc.
  • Shining 3D Tech Co.,Ltd