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3D Metrology Market Size
3D Metrology Market size was worth more than USD 10 billion in 2022 and is projected to exhibit over 5% CAGR from 2023-2032. Emergence of industrial automation trends are expected to complement the industry expansion.
The increasing volumes of 3D data for modeling and analysis across Architecture, Engineering, and Construction (AEC) firms is expected to spur the demand for 3D metrology. AEC firms heavily rely on 3D metrology services for accurate model design while ensuring cost and time efficiency. Optical detectors, 3D laser scanners, and 3D automated optical inspection (AOI) systems are some of the commonly deployed 3D metrology systems in the construction sector for surveying massive project sites. The advent of smart city development along with the surge in infrastructure projects and investments will also supplement the 3D metrology industry growth.
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 10 billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 5% |
| 2032 Value Projection: | USD 25 billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 250 |
| Tables, Charts & Figures: | 292 |
| Segments covered: | Component, Application, End-Use |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High initial investment may hamper 3D metrology adoption
The incessant need for high initial investments for the deployment of 3D metrology systems could restrain the 3D metrology market growth. Manufacturers are compelled to initiate hefty investments in the setting up of assembly lines, further hampering the industry penetration in some of the underdeveloped regions with lack of capital infrastructure. However, several industry players are focusing on the development of novel handheld scanners integrated with compatible software suits to eliminate the capital constraints. Moreover, the rapid proliferation of industrial automation worldwide is fostering the lucrative need for 3D metrology. The recent breakthroughs in cobots and the early acceptance across the automotive sector will further enhance automated 3D measurements.
3D Metrology Market Analysis
The hardware component segment accounted for more than 50% share of the 3D metrology market in 2022. Hardware equipment are witnessing thriving adoption across a multitude of business verticals including medical, aerospace, automotive, and construction. Thus, leading manufacturers are focusing on R&D investments in advanced 3D metrology hardware systems to ensure product quality and high efficiency throughout the production process. Several hardware products such as structured-light scanners, CMMs, vision systems, and laser trackers are also rapidly deployed in manufacturing facilities to ensure superior quality inspection.
The hardware segment consists of Coordinate Measuring Machines (CMM), and 3D Automated Optical Inspection (AOI) Systems. The market size from the CMM hardware component segment is projected to register over 10% CAGR from 2023-2032 owing to the surging demand for advanced quality control techniques from automobile and aerospace manufacturers.
3D metrology market valuation from automotive end-use segment is estimated to reach over USD 5 billion by 2032. The surging demand for fuel-efficient and high-end vehicles worldwide will spur the adoption of 3D metrology technology. Over the last few years, electric mobility and autonomous or driverless vehicles have gained substantial momentum due to stringent emission norms and the growing emphasis on the reduction of carbon footprint. The development of groundbreaking smart IoT-enabled end-to-end 3D object detection systems compatible with sensor technologies such as LiDAR and RGB cameras embedded in autonomous vehicles will hence offer lucrative business prospects for the 3D metrology industry players.
North America 3D metrology market size is poised to surpass USD 10 billion by 2032. North America is one of the prominent manufacturing hubs in the world with the solid footprint of automotive and aerospace manufacturers. Rapid penetration of smart factory trends and the presence of leading aerospace equipment manufacturers such as Boeing Co, General Dynamics Corp, Lockheed Martin Corp, and Raytheon Technologies Corp will support the industry expansion. With hefty public and private investments in additive manufacturing for the enhancement of the aviation sector, the demand for 3D metrology is further predicted to rise.
3D Metrology Market Share
Some of the leading companies in the global 3D metrology market include
- Applied Materials, Inc.
- Automated Precision, Inc (API)
- Baker Hughes Company
- Bruker
- Carmar Accuracy Co. Ltd.
- CyberOptics
- FARO Technologies, Inc.
- GOM Metrology (Zeiss International)
- Hexagon AB
- Keyence Corporation
- KLA Corporation
- Nikon Metrology NV
- Novacam Technologies, Inc.
- Perceptron, Inc.
- Renishaw plc
- Autodesk Inc.
- EDM Intelligent Solutions
- Proto3000
- CREAFORM
- Intertek Group Plc
- SGS SA.
These firms are focusing on product innovations and new launches to achieve competitive advantages.
Impact of the COVID-19 pandemic
COVID-19 pandemic had a significant impact on the 3D metrology industry with unprecedented supply chain disruptions and the dramatic drop in manufacturing output worldwide. Since multiple governments implemented stringent lockdown regulations, several manufacturing units were forced to shut down operations altogether or operate in a limited capacity to prevent the spread of the virus.
The 3D metrology market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2018 to 2032 for the following segments:
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By Component
- Hardware
- Coordinate Measuring Machine (CMM)
- Optical Digitizer & Scanner (ODS)
- Video Measuring Machine (VMM)
- 3D Automated Optical Inspection (AOI) System
- Others
- Software
- Services
By Application
- Quality Control & Inspection
- Reverse Engineering
- Virtual Simulation
- 3D Scanning
By End Use
- Control Cabinets
- Automotive
- Medical
- Construction & Engineering
- Heavy machinery
- Semiconductors & Electronics
- Others
The above information has been provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Benelux
- Asia Pacific
- China
- India
- Japan
- South Korea
- ANZ
- Latin America
- Brazil
- Mexico
- MEA
- GCC
- South Africa
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