3d Metrology Market to Reach Valuation of USD 19.1 Billion by 2030 – Growth in the Usage of 3d Metrology in Automotive Application Drives the Market

In terms of revenue, the Global 3d Metrology Market is expected to reach USD 19.1 Billion by 2030, growing at a CAGR (Compound Annual Growth Rate) of 9.4% from 2023 to 2030.

The market for 3d Metrology is expected to expand significantly in the coming years as a result of factors such as increasing demand for manufacturing, technological advancements, the adoption of automation and Industry 4.0, rising awareness of quality control, government initiatives and regulations, growing demand for 3D printing, expanding use of non-contact 3d Metrology solutions, expanding adoption of 3d Metrology in healthcare, and the need for cost-effective solutions. However, a number of factors, including the high cost of 3d Metrology systems, the lack of skilled labour, the traditional 3d Metrology systems' low accuracy and slow speed, complex data management and analysis, integration challenges, regulatory challenges, and the limited supply of 3D printing materials, could limit market growth.

Key Highlights from the Report

· Based on Offering, the Hardware sector currently rules the region thanks to the rising need for hardware in industries like electronics, aerospace, and defence.

· Based on End Use, the demand for products in the automotive sector is rising as more manufacturers require 3d Metrology solutions for quality control and inspection during production.

· Based on Region, Asia Pacific 3d Metrology market due to the increasing demand in the automotive industries for the market.

Market Dynamics

There is an increasing need for flexible and user-friendly portable and handheld 3d Metrology solutions. Its development is fueled by the requirement for on-site inspections, upkeep, and repairs as well as by the expanding use of automation in the industrial industry.

Non-contact 3d Metrology solutions are becoming more widely used, because of their great accuracy and speed, non-contact 3d Metrology techniques like laser scanning and structured light scanning are becoming more common. These options are perfect for measuring intricate shapes, surfaces, and geometries that are challenging to measure or impossible to measure with conventional contact methods.

In order to develop immersive and engaging experiences, augmented reality (AR) and virtual reality (VR) technologies are increasingly being linked with 3d Metrology systems. These technologies are predicted to grow in popularity in the 3d Metrology market and are currently employed in applications such as training, quality control, and product design.

The manufacturing sector is the major user of 3d Metrology products, and the market for this technology is increasing as a result of the growing need for precision measurement in this area. The development of the 3d Metrology market in the healthcare industry is being driven by the desire for individualised medical implants and gadgets. In the healthcare sector, 3d Metrology solutions are being utilised more frequently for uses like medical imaging, implant design, and surgery planning.

The future 3d Metrology market's growth rate will be further accelerated by the rising requirements of industry 4.0. Industry 4.0, also known as the "smart factory," is a new phase of the industrial revolution that connects the information technology and manufacturing sectors. The market anticipates that through improving labour efficiency, maximising asset usage, and minimising downtime, this new phase will present growth prospects. Real-time measurement data is displayed by the industries' implanted robots through in-line inspection analysis. All of these elements are anticipated to present the market with profitable growth potential.

The high cost of 3d Metrology systems is a significant obstacle to adoption, especially for small and medium-sized organizations. The overall cost for constructing a 3d Metrology facility includes all the other equipment costs, including measuring equipment, installation cost, and maintenance cost. The market growth and uptake of 3d Metrology systems may be constrained as a result.

Asia Pacific 3d Metrology market is expected to witness a noteworthy development with a significant growth rate over the analysis period. This can be attributed to the rapidly increasing automation of automotive manufacturing facilities is one of the main factors driving the demand for inline dimensional metrology systems.

The Global 3d Metrology Market is Segmented as follows

• Product
  • Coordinate Measuring Machine (CMM)
  • Optical Digitizer & Scanner (ODS)
  • Automated Optical Inspection
  • Video Measuring Machine (VMM)
  • Other Products
• Application
  • Quality Control & Inspection
  • Reverse Engineering
  • Virtual Simulation
  • Other Applications
• End User
  • Architecture & Construction
  • Aerospace & Defense
  • Industrial
  • Automotive
  • Other End Users
• Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa

List of the Key Players of the Global 3d Metrology Market is

3D Digital Corporation (U.S.), 3D Systems Corporation (U.S.), Applied Materials Inc. (U.S.), Automated Precision Inc. (U.S.), Carl Zeiss AG (Germany), Creaform Inc. (Canada), FARO Technologies Inc. (U.S.), Keyence Corporation (Japan), Nikon Metrology NV (U.S.), Perceptron Inc. (U.S.)

The Global 3d Metrology Market Scope can be Tabulated as below