About 3D Metrology
The global 3D metrology market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing demand for cost-effective on-time production & real-time data analysis and the rising concerns for quality control for end-products of different industries are some of the key driving factors aiding into the growth for the market. Moreover, the rising number of industrial SMEs are also expected to boost the demand for 3D metrology in the near future.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 6.7% |
The companies in this market are majorly focusing on the development of new and innovative products in order to remain competitive in the global market place. For instance, in March 2019, Faro Technologies announced the launch of its new product OPTOR SERIES 3D SCANNERS for digital dentist operations in the healthcare industry. Analyst at AMA Research estimates that United States Manufacturers will contribute the maximum growth to Global 3D Metrology market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
GOM (Germany), Exact Metrology Inc. (United States), Capture 3D, Inc. (United States), ZEISS International (Germany), 3D Systems, Inc. (United States), FARO Technologies, Inc. (United States), Hexagon AB (Sweden), Nikon Corporation (Japan), CREAFORM (Canada), Perceptron, Inc. (United States), Mitutoyo America Corporation (United States), OLYMPUS CORPORATION (Japan), MISTRAS Group, Inc. (United States), Renishaw plc (United Kingdom) and KLA Corporation (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global 3D Metrology market by , Application (Simulation, Engineering, Quality Control & Inspection and Others) and Region.
On the basis of geography, the market of 3D Metrology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Industry Verticals, the sub-segment i.e. Automotive & Transporation will boost the 3D Metrology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Hardware will boost the 3D Metrology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Manufacturing Process, the sub-segment i.e. Sheet Metal Forming will boost the 3D Metrology market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Implementation of Artificial Intelligence in 3D Meterology
Market Growth Drivers:
Growing Concerns Regarding Quality Control of End Products Across Different End-Use Industries Propelling the Demand for 3D Metrology and Increasing Demand for Cost-Effective On-Time Production
Challenges:
Need for Highly Skilled Professionals for Handling 3D Metrology Systems & Software
Restraints:
High Initial Investment for Setting Up a 3D Metrology Facility
Opportunities:
Implementation of AR & VR in 3D Metrology will Create Huge Opportunities for Market Vendors During the Forecast Period and The Growing Operations for Industry 4.0
Market Leaders and their expansionary development strategies
In July 2021, Faro Technologies announced that it has completed the acquisition of Opto-Tech s.r.l. and its subsidiary Open Technologies s.r.l. which offers 3D structured light scanning solutions that specifically enable dentists, dental technicians, and orthopedics to leverage the 3D world for the creation of crowns, implants, and prosthesis.
In February 2020, Hexagon announced that its Manufacturing Intelligence division has launched a new product Captura which is an entry-level optical coordinate measuring machine (CMM) and offers intuitive and cost-effective solutions for the multisensor measurement of small to medium parts.
Key Target Audience
Market Research & Consultancy Firm, Potential Investors, Government & Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.