Global 3D Metrology Market Size, Share, Growth Analysis, By Component(Hardware, Software), By End User(Automotive, Aerospace)

Description

Global 3D Metrology Market size was valued at USD 8.68 billion in 2022 and is poised to grow from USD 9.28 billion in 2023 to USD 15.82 billion by 2031, growing at a CAGR of 6.9% during the forecast period (2024-2031).

This is widely utilized in many industries, such as aerospace, defense, automotive, architectural, medical, energy, and power, for quality control and virtual simulation of the products. Three-dimensional metrology is becoming more and more popular as cloud computing services become more widely used. Every company wants to decrease operating costs and increase profit margins. With cloud storage, significant capital costs associated with the acquisition of servers and physical hard drives are circumvented. The increasing demands for speed, precision, security, and elasticity are pushing manufacturing metrology-which is frequently employed for quality control-to the breaking point. Modern manufacturing technologies are highly favored in order to overcome certain constraints and satisfy present demands.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global 3D Metrology Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the Market size includes the following details: The key players in the Market were identified through secondary research, and their Market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top Market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global 3D Metrology Market Segmental Analysis

Global 3D Metrology Market is segmented on the basis of component, application, end user and region. By component, the market is segmented into hardware, software, services. By end user, the market is segmented into automotive, aerospace, medical, heavy machinery, construction & engineering. By application, the market is segmented into quality control & inspection, reverse engineering, virtual simulation, 3D scanning. By region, the market is segmented into North America, Eu3D Metrology, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global 3D Metrology Market

More money has been invested globally in the R&D field to produce cutting-edge metrology goods and services. Encouraging research and development in the electronics sector is driving rapid technological transformation. Additionally, in an effort to increase productivity and meet growing demand, these industries have created new instruments for accurate management and inspection. These factors are anticipated to lead to an increase in the market. The growing use of 3D data for modeling and analysis in many different industries, along with the high demand for big data analysis, will also have a significant impact on the market for 3D metrology.

Restraints in the Global 3D Metrology Market

It costs a lot of money up front to implement 3D metrology systems, including software, hardware, and training. Sophisticated 3D scanning technology and high-precision measurement equipment can be expensive, particularly for small and medium-sized businesses (SMEs). Particularly in cost-sensitive industries, the initial expenditure may serve as a barrier, restricting the adoption of 3D metrology solutions.

Market Trends of the Global 3D Metrology Market

Techniques for non-contact 3D metrology, like structured light and laser scanning, are becoming increasingly popular. These methods have the advantage of high precision, higher measurement speeds, and the capacity to capture intricate geometries without physical contact. Non-contact measurement techniques have become increasingly popular in areas like electronics, automotive, and aerospace, where accurate and efficient measurement is essential.

Product Code: SQMIG45L2007

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global 3D Metrology Market by Component

Market Overview
Hardware
Software
Services

Global 3D Metrology Market by End User

Market Overview
Automotive
Aerospace
Medical
Heavy Machinery
Construction & Engineering

Global 3D Metrology Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Hexagon AB (Sweden)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Zeiss Group (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Faro Technologies, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Nikon Metrology NV (Belgium)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Renishaw plc (United Kingdom)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Perceptron, Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Creaform Inc. (Canada)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Keyence Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
GOM GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Mitutoyo Corporation (Japan)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Automated Precision Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Jenoptik AG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
WENZEL Group GmbH & Co. KG (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
ZEISS Industrial Metrology (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Carl Zeiss Optotechnik GmbH (Germany)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
KLA Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bruker Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Trimble Inc. (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Leica Geosystems AG (Switzerland)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
CyberOptics Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
3D Systems Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Cognex Corporation (United States)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global 3D Metrology Market Size, Share, Growth Analysis, By Component(Hardware, Software), By End User(Automotive, Aerospace) - Industry Forecast 2024-2031