According to a report of the 3D Metrology Market by Offering (Hardware, Software and Services), Product (Coordinate Measuring Machine, Optical Digitizer and Scanner, Video Measuring Machine, 3D Automated Optical Inspection and Form Measurement), Application (Reverse Engineering, Quality Control & Inspection, Virtual Simulation and Other Applications ), by End-User industry (Aerospace & Defense , Automotive, Architecture & Construction, Medical, Electronics, Energy & Power, Heavy Machinery Industry, Mining and Others) and Region (North- America, Europe, Asia-Pacific, Middle East & Africa, South America) –is expected to reach US$ 524.6 Mn by 2027, at a CAGR of 4.11 %.
Three dimensional (3D) metrology system is a technique to measure any distance, length, height and point of a 3D object for practical and theoretic features of measurement in any field. It plays an energetic role in converting a raw manufacturing unit into a finished product. The benefits of 3D metrology system are improved flexibility, reduced set-up time, improved accuracy, and better productivity.
The key factors drives the growth of the global 3D metrology market are very accurate inspection due to three-dimensional data for modelling and analysis, rise in R&D spending and focus on quality control. High cost incurred for setting up 3D metrology facility and lack of expertise to efficiently handle 3D metrology systems hamper the growth of the market.
Various opportunities are creating in the market due to the cloud computing services deal effective cost and time saving, increase in demand for industry 4.0, rise in demand for 3D metrology services and growth in rentals and leasing services. The key challenge to the global 3D metrology market is shortage of simplified software solutions.
Quality control applications to grow at highest rate
Quality control and inspection is expected to hold the largest market share during the forecast period owing to the use of 3D metrology in automotive and aerospace & defense industries for quality control and inspection. In the automotive industry the 3D metrology is mostly used for powertrain components, automotive component inspection, and full body inspection, as well as for testing accuracy and exactness of all parts in a vehicle plant.
Services offering holds the largest market share
The service sub segment is expected to dominate the market during the forecast period owing to manufacturing companies are subcontracting their 3D metrology work to service providers to attain short measuring times, compact measurement insecurity, process stability, and indication of test instrument capability, thus lashing the 3D metrology services market.
This report contains a study of marketing and development strategies, along with the Offering portfolios of leading companies. It includes the profiles of leading manufacturers such as Hexagon, Faro Technologies, Nikon Metrology, Carl Zeiss, KLA-Tencor, Jenoptik, Renishaw, Mitutoyo Corporation, GOM, Creaform, 3D Digital Corporation, Automated Precision, JLM Advanced Technical Services, Precision Products, Carmar Accuracy and Perceptron
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the global 3D metrology database market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the global 3D metrology database market positioning of competitors.
Browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “3D Metrology Market”.
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