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3D Metrology - Global Market Trajectory & Analytics

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    Report

  • 499 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 4804545

Global 3D Metrology Market to Reach $15 Billion by 2025


3D metrology or 3D measurement represents a sophisticated technology providing accurate and precise 3D measurement information. 3D metrology technology accurately captures distance, point, height and length of an object. The technology uses precise measurement data to convert real objects into architectural images. Measurement data helps to address manufacturing issues and enables better quality control in all production stages. Amid the COVID-19 crisis, the global market for 3D Metrology estimated at US$12 Billion in the year 2022, is projected to reach a revised size of US$15 Billion by 2025, registering a compounded annual growth rate (CAGR) of 8.6% over the analysis period. United States represents the largest regional market for 3D Metrology, accounting for an estimated 27.3% share of the global total. The market is projected to reach US$4.1 Billion by the close of the analysis period. China is expected to spearhead growth and emerge as the fastest growing regional market with a CAGR of 10.6% over the analysis period.
The ability to provide quick, timely and accurate results is fueling growth in the 3D metrology market. Growth in the 3D metrology market is being driven by the rising need for maintaining high quality standards in manufacturing operations. Given its ability to capture large 3D data volumes for analysis and modeling, 3D metrology is used in manufacturing, automotive, energy & power, aerospace & defense, medical, heavy machinery, architecture and construction, as well as electronics sectors. The growing adoption of automation and emergence of smart factories are driving adoption of 3D metrology. However, high installation costs of 3D metrology plants together with lack of trained manpower for operating 3D metrology devices is expected to impede market growth. Asia represents a key market, led by the positive economic environment especially in emerging markets. Also, with Asia-Pacific being a major automotive manufacturing hub, there is growing demand for 3D metrology products for conducting quality inspections during the manufacturing process in the industry. 3D metrology offerings are also witnessing high demand from the electronics industry, with the products being used in conducting quality inspections during the manufacturing process. Growth in North America is being driven by rising demand from automotive and aerospace industries. In addition to strong government support, the region is home to a large number of metrology equipment distributors.

The market for Coordinate Measuring Machine (CMM) is forecast to capture dominant market share owing to its ability to generate accurate measurements. A large number of end-use industries prefer the use of CMMs over all other available options for performing 3D measurements of objects. Driven by the growing popularity of CMMs, the demand for product development processes incorporating quality standards across manufacturing industries is expected to spur growth of the worldwide market for 3D metrology systems.

Select Competitors (Total 125 Featured):

  • 3D Systems, Inc.
  • Applied Materials, Inc.
  • Automated Precision, Inc.
  • Bruker Corporation
  • Carl-Zeiss Industrial Metrology LLC
  • Creaform, Inc.
  • CyberOptics Corporation
  • FARO Technologies, Inc.
  • Hexagon AB
  • Jenoptik AG
  • Keyence Corporation
  • KLA Corporation
  • Mitutoyo Corporation
  • Nikon Metrology NV
  • Perceptron, Inc.
  • Renishaw plc
  • WENZEL Group GmbH Co. KG
  • Zygo Corporation.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • An Introduction to 3D Metrology
  • Coordinate-Measuring Machine (CMM)
  • Laser Scanners
  • Video Measuring Machine (VMM)
  • 3D Metrology Vs Machine Vision
  • New Standards in Metrology
  • Focus on Quality Control and Inspection in Production Processes Propels Growth in the 3D Metrology Market
  • CMMs Dominate 3D Metrology Market
  • Quality Control and Inspection at the Forefront of Growth
  • 3D Metrology Market Worldwide by Application (in %) for 2019
  • Automotive Industry Emerges as the Major End-Use Market for 3D Metrology
  • Asian Economies Spearhead Market Growth
  • Global Economic Scenario Influences Market Dynamics
  • Global Economic Outlook: Real GDP Growth Rates in % by Country/Region for the Years 2018 through 2020
  • Global Manufacturing Purchasing Managers' Index (PMI) for the Years 2015 through 2019
  • 3D Metrology - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • Robust Opportunity for Precision Parts Manufacturing Pushes Up the Importance of Industrial 3D Metrology
  • Global Parts & Components Market (in US$ Billion) for the Years 2020, 2022 and 2024
  • Growing Emphasis on Improving Productivity and Quality Drives Demand for 3D Metrology in Automotive Industry
  • Automobile Production Dynamics Set the Pace of Growth for 3D Metrology Market
  • Global Passenger Car Production (In Million Units) for the Years 2010, 2016, 2020, and 2024
  • Global Passenger Car Sales (In Million Units) for the Years 2010-2024
  • Increasing Emphasis on Automation in Auto Industry Bodes Well for the Market
  • With Manufacturing Moving towards Industry 4.0, 3D Metrology to Become Integral to Production Processes
  • Shift towards Industry 4.0 Drives Opportunities in 3D Metrology Market: Global Industry 4.0 Revenues in US$ Billion for 2019, 2021, 2023 and 2025
  • Automation of Metrology Processes Necessary for Maximizing Productivity in Industry 4.0
  • Automation in the Aerospace Industry Fuels Demand for 3D Metrology Solutions
  • Aerospace Industry Makes Use of Non-Contact Metrology
  • New Technologies for Faster Data Collection from API and Hexagon
  • Visibility and Automation Enabled by Capture3D’s ATOS Systems
  • Laser Radar: Rising Popularity of Laser Radar Technology in Aerospace Applications
  • Measuring Accuracy in Changing Application Requirements
  • New Applications and CFD Analysis
  • 3D Metrology Aids in Retrofitting of Defense Flares
  • Heavy Equipment Industry Promises Bright Prospects
  • Focus on Improving Product Quality in Various Industries Fosters Growth in Optical 3D Metrology Market
  • Optical 3D Metrology: Vital Role in Development Process of Lightweight Components
  • Coordinate Measuring Machines (CMMs): The Tried and Tested 3D Metrology Products
  • Optical 3D Metrology Solutions Aid in Foundry Modernization
  • 3D Metrology Play Vital Role in Reducing Errors in Medical Device Design and Performance
  • Optical 3D Metrology for Medical Applications: A Review
  • Robust Activity in the Renewable Energy Sector Spurs Market Opportunities in 3D Metrology Space
  • Solar PV Capacity (in GW) and PV Generation (in TWh) for the Years 2017, 2019, 2021 and 2023
  • Global Wind Power Market: Cumulated Installed Capacity (in GW) for the Years 2012 through 2018
  • Electronics Industry Applications Strengthen Market Prospects
  • Accurate 3D Metrology in Semiconductor and Electronics Industries Necessitates Enhanced Cameras
  • Rising Prominence of Cloud Computing in 3D Metrology
  • Increase in R&D Spending Favors 3D Metrology Market
  • Outsourcing Emerges as Key Trend in 3D Metrology Market
  • International Standardization of Metrology Bodes Well for the Market
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
CANADA
JAPAN
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
CHINA
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
ITALY
UNITED KINGDOM
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • 3D Metrology Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 125

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3D Systems, Inc.
  • Applied Materials, Inc.
  • Automated Precision, Inc.
  • Bruker Corporation
  • Carl-Zeiss Industrial Metrology LLC
  • Creaform, Inc.
  • CyberOptics Corporation
  • FARO Technologies, Inc.
  • Hexagon AB
  • Jenoptik AG
  • Keyence Corporation
  • KLA Corporation
  • Mitutoyo Corporation
  • Nikon Metrology NV
  • Perceptron, Inc.
  • Renishaw plc
  • WENZEL Group GmbH Co. KG
  • Zygo Corporation.