3D Metrology Market Scope
The global 3D
metrology market is likely to display 9% CAGR over the
forecast period. This is attributed to adoption of automated technologies to
expedite production. Industries are integrating automation into existing
processes to improve the value chain. Focus on quality control, spending in
research and development, and application in different areas can drive market
growth.
Development of electric
and hybrid vehicles have induced the need for 3D metrology. Focus on quality
control and elimination of excess costs can bode well for the market. Rise of
smart manufacturing coupled with emergence of smart factories to keep up with
customer demand will favor the market in the coming years. Implementation of
Industry 4.0 coupled with digitization of physical assets due to extended
R&D budget can bolster market demand.
But high initial
investment costs for 3D metrology facilities can hamper market growth.
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3D Metrology Market Overview:
3D metrology is used in
creating products of accurate models through the use of 3D modeling software.
Reduction of development time and reduction in time of product-to-market are
benefits of the technology. The global 3D metrology market report by Market
Research Future (MRFR) covers trends and niches to be capitalized by industry
leaders over the forecast period (2020-2027). The COVID-19 pandemic and its
impact is measured in the report.
3D Metrology Market Segmentation
Hardware Segment to Lead
3D Metrology System Market
The hardware segment is
touted to dominate revenues of the global market owing to its adoption across
various industries and development of portable hardware such as laser trackers,
CMMs, and vision systems. Conduction of quality tests is likely to spur the
segment demand.
CMM Segment to Dominate
3D Metrology System Market
The CMM segment is
expected to dominate the market owing to its ability to capture and store the
targeted object’s measurements. Rise of IIoT and demand for superior quality
inspections in products can drive the segment growth.
Reverse Engineering
Segment to Spearhead 3D Metrology Market
The reverse engineering
segment is expected to lead in the market owing to need for disruption in
sunrise sectors and accurate capture of models through 3D scanners. Analysis of
existing products and achievement of benchmarks to adhere to existing standards
can drive segment growth.
Automotive Segment to
Have Lions Share in 3D Metrology Market
The automotive segment is
expected to lead in the market owing to establishment of various production
units in developing regions and design of complex vehicles. Development of
fuel-efficient vehicles in developing countries can drive the demand for 3D
metrology services in the sector.
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3D Metrology Market Regional
Analysis
APAC to Lead in Global 3D
Metrology Market
The adoption of 3D metrology by various industrial sectors for accurate measurement of dimensions and spaces can bode well for the market. Huge economic growth in Japan and China coupled with high production centers of steel, chemicals, consumer products, and iron can bode well for the market. Reverse engineering and quality inspection of products are main applications of 3D metrology.
3D Metrology Market Competitive
Analysis
Nikon Corporation, GoM, Creaform, 3D System Corp, Applied Materials, Exact Metrology, Automated Precision, 3D Digital Corp, Carl Zeiss AG, Keyence, Hexagon AB, Mitutoyo Corporation, Jenoptik, Perceptron, FARO Technologies, and KLA-Tencor are key players in the global 3D metrology market. Mergers, acquisitions, partnerships, and new development of products are major strategies of the market.
Industry News
Sandvik has signed an
agreement with DWFritz Automation Inc. for supporting development of
non-contact metrology solutions and automation systems.
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1 Executive Summary
2 Market Dynamics
2.1 Drivers
2.2 Restraint
2.3 Opportunities
2.4 Challenge
2.5 Supply Chain Analysis
2.6 Porter’s Five Forces Analysis
2.6.1 Threat Of New Entrants
2.6.2 Bargaining Power Of Suppliers
2.6.3 Bargaining Power Of Buyers
2.6.4 Threat Of Substitutes
2.6.5 Rivalry
3 Global 3D
Metrology Market, By Technology
3.1 Introduction
3.2 Market Size, By Sub-Segments
3.2.1 3D Profilometery Market
3.2.2 White Light Interferometry Market
3.2.3 Confocal Microscopy Market
3.2.4 3D Optical Microscopy Market
3.2.5 Scanning Probe Microscopy Market
3.2.6 Coherent Metrology
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