Home > Pressrelease > 3D Metrology Market size to surpass $25 Bn by 2032
3D Metrology Market size to surpass $25 Bn by 2032
- Published Date: March 15, 2023
3D Metrology Market size is projected to exceed USD 25 billion by 2032, according to a recent research report announced by Global Market Insights Inc.
Surging demand for non-contact inspection systems for automobile manufacturing is expected to have a positive impact on the 3D metrology market. In recent years, the automobile sector has witnessed a substantial transformation from conventional to electric mobility, necessitating the demand for advanced manufacturing facilities. With rapid digitization and automation, manufacturers worldwide are investing heavily in 3D CT automated X-ray inspection (AXI), 3D solder paste inspection (SPI), and 3D automated optical inspection (AOI). Moreover, several automobile and aviation companies are boosting innovations and advancements in manufacturing through hefty funding initiatives.
Surging 3D inspection system application scope in industrial parts production to drive industry growth
3D metrology market valuation from the software component segment crossed USD 2 billion in 2022. Novel software solutions are gaining significant traction in various industries as they have the ability to provide comprehensive and self-explanatory reports with textual and graphical data for the analysis and identification of production trends and real-time deviation.
Over the past few years, the use of CAD/CAM tools has increased substantially in the field of designing, accelerating the need for tooling, sheet metal, and production engineering. 3D inspection systems help test and investigate part components with the help of multiple software for failure analysis, wall thickness distribution, and dimensional analysis. These systems are further deployed in the pre-production stage of the manufacturing life cycle of medical device components, engineered parts, aerospace castings, and automotive piston heads.
Increasing semiconductor production to foster demand for 3D metrology
The 3D metrology market share from semiconductors is poised to reach over USD 2.5 billion by the end of 2032. With the growing burden on semiconductor production, manufacturers are rapidly integrating metrology for semiconductor fabrication in order to maximize their yield while cutting costs. For instance, in February 2023, Infinitesima, a U.K.-based leader in advanced metrology solutions provider, announced the distribution of its Metron3D metrology systems for semiconductor applications. The growing demand for semiconductors is thus expected to favor 3D metrology adoption to boost manufacturing.
Browse key industry insights spread across 250 pages with 252 market data tables and 40 figures & charts from the report “3D Metrology Market Size, By Component (Hardware {Coordinate Measuring Machine (CMM), Optical Digitizer & Scanner (ODS), Video Measuring Machine (VMM), 3D Automated Optical Inspection (AOI) System}, Software, Services), By Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation, 3D Scanning), By End-Use (Aerospace & Defense, Automotive, Medical, Construction & Engineering, Heavy Machinery, Semiconductor & Electronics), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032”, in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/3d-metrology-market
Rapid industrialization to promote 3D metrology industry expansion in Asia Pacific
Asia pacific 3D metrology market size is anticipated to expand at over 10% CAGR through 2032 driven by the increasing collaborations among industry players in the region. Furthermore, the robust industrial growth and the expanding manufacturing output across countries such as China will represent lucrative scope for the adoption of 3D metrology systems across APAC.
New product development to power 3D metrology industry expansion
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, and SGS SA are some of the leading companies in the global 3D metrology market. These players are expanding their product portfolios with the launch of innovative offerings for scaled revenue sales.