3D Metrology Market Size & Share to Surpass $19.1 Billion by 2030

WASHINGTON, June 06, 2023 (GLOBE NEWSWIRE) -- Global 3D Metrology Market is valued at USD 10.2 Billion in 2022 and is projected to reach a value of USD 19.1 Billion by 2030 at a CAGR (Compound Annual Growth Rate) of 9.4% over the forecast period 2023-2030.

Market Overview

The fundamental factor driving the expansion of the 3D Metrology market is the increasing usage of 3D Metrology equipment by a variety of industries, including heavy machinery, aerospace, automotive, construction and engineering, and energy and power. Furthermore, industry 4.0 deployment and increased R&D spending by producers of metrology equipment are anticipated to impact market growth.

We forecast that the coordinate measuring machine (CMM) category in 3D Metrology market sales will account for more than 38% of the market share by 2030 due to the rising usage of sophisticated quality control techniques in the manufacturing and automotive industries, the trend of increased adoption of advanced measurement technology will continue during the projection period.

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Market Dynamics

Rise in the Use of Industry 4.0 is Anticipated to Accelerate the Market's Growth The market for 3D Metrology is expanding significantly as industry 4.0 usage rises. The fourth industrial revolution, or " Industry 4.0 ," is characterized by interconnection, machine learning, and real-time data. As part of the transition to industry 4.0, businesses and sectors all over the world are investing in cutting-edge technologies, including sophisticated 3D Metrology systems, to increase connectivity and access to real-time information among partners, goods, people, and stakeholders involved throughout the supply chain. The National Association of Software and Services Businesses and Capgemini published a study in 2022 that indicated that expenditures in Industry 4.0 had increased by 10X between 2010 and 2020 and were projected to reach $200 billion by 2025.

Advancement in Technology to Boost Market Expansion A prominent driver gaining traction in the 3D Metrology industry is a technological improvement. Developing novel technologies that promise to deliver quicker and more effective 3D measuring solutions is a key priority for major companies active in the 3D Metrology market. For instance, the China-based company Shining 3D has expanded its FreeScan UE series of blue laser Metrology 3D scanners by releasing the FreeScan UE Pro. For large-scale 3D inspection and reverse engineering, FreeScan UE Pro combines the capabilities of photogrammetry and laser technology to produce a highly productive, feature-rich solution. It retains the high precision, metrology-grade accuracy, and lightweight design of FreeScan UE while enhancing fine scanning and giving big workpiece scanning a more precise global control.

Top Players in the Global 3D Metrology Market

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Top Trends in Global 3D Metrology Market

Top Report Findings

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Recent Developments in the Global 3D Metrology Market

Automotive Category of the End User Segment of the 3D Metrology Market to Projected to Generate A Good Proportion of the Global Segment Revenue

For better understanding, based on the End User, the 3D Metrology market is divided into Electronics, Architecture & Construction, Aerospace & Defense, Industrial, Automotive and other End Users.

It is expected that the automotive segment will dominate market for 3D Metrology. Due to the extensive inspections needed, the automotive industry primarily uses dimensional 3D Metrology technology. Since 3D measuring machines and optical digital scanners offer high accuracy, flexibility, high-precision measurement, and size, recent advances in manufacturing facility automation have boosted the demand for dimensional metrology devices.

On the other hand, it is anticipated that the Aerospace & Defense category will be the fastest growing category in the 3D Metrology market. A high degree of accuracy is necessary for the production and assembly of an airplane, and 3D Metrology can provide this accuracy. Precision parts, including frames, wings, subassemblies, simulators, testbeds, and engines, are manufactured in the aerospace sector using 3D Metrology procedures. The calibration of the equipment must fulfill the quality criteria and rules for essential aerospace and aeronautic components, which is why laser trackers and portable arm coordinate measurement machines are employed.

Asia Pacific Region of the Global 3D Metrology Market Forecast to Generate Half the Global Revenue The Asia Pacific dominated the market and is anticipated to grow at the fastest rate over the forecast period. The region's market is driven by the rising need for contactless quality control tools and measuring methods in the production and manufacturing of automobiles. Top important players are also implementing different business methods, aiding in market expansion in the area. Additionally, the rise in small- and medium-scale system producers in developing nations like Singapore, Japan, and South Korea as well as the expansion of virtual simulation in the energy and power sector, are encouraging market expansion in the area.

The nation that generates the most money is China. According to the report, it will also have the fastest growth within the projection period. China has the most sophisticated manufacturing facility in the world and is quickly integrating cutting-edge technology like reverse engineering and virtual simulation into its routine manufacturing process, which will accelerate the country's adoption of new products. To expand the market in the nation, some of the top essential companies are implementing various business methods, including partnerships, acquisitions, and business expansion.

Browse market data Tables and Figures spread through 141 Pages and in-depth TOC on 3D Metrology Market Forecast Report (2023-2030).

Global 3D Metrology Market Segmentation

By Product

By Application

By End User

By Region

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