3D Metrology Market size worth $ 23.83 Billion, Globally, by 2028 at 7.34% CAGR: Verified Market Research®

JERSEY CITY, N.J., Feb. 22, 2022 /PRNewswire/ -- Verified Market Research recently published a report, "3D Metrology Market" By Product (Video Measuring Machine, Coordinate Measuring Machine), By Component (Software, Hardware), By Application (Virtual Simulation, Reverse Engineering), By Vertical (Energy & Power, Automotive), and By Geography. According to Verified Market Research, the Global 3D Metrology Market size was valued at USD 13.63 Billion in 2020 and is projected to reach USD 23.83 Billion by 2028, growing at a CAGR of 7.34% from 2021 to 2028.

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Global 3D Metrology Market Overview

The growth of the Global 3D Metrology Market is driven by the growing demand for luxury goods owing to the rising disposable income in emerging economies. With the advent of technology, there have been various significant developments in software-driven process automation and portable metrology equipment for customized services. Many industries are employing 3D metrology technology for highly accurate precision measurement solutions. With the help of 3D metrology systems, there has been a reduction in the overall time frame for product launches as well as product development costs. These factors are responsible for triggering the growth of the Global 3D Metrology Market.

However, some restraints are liming the growth of the Global 3D Metrology Market. The cost incurred for setting up 3D metrology facilities is high, and it may create setbacks for the growth of the Global 3D Metrology Market. Also, the dearth of skilled professionals to efficiently handle 3D metrology systems may hinder the growth of the Global 3D Metrology Market.

Key Developments

• In October 2020, Microsoft Corporation has announced a multi-year strategic partnership with ZEISS Group a leading manufacturer of optoelectronics and optical systems. The partnership is aimed towards accelerating ZEISS' services and transforming into a leading cloud-first digital services provider.
• In February 2019, Thermopylae Sciences and Technology a leading software provider company has been acquired by Hexagon AB a leader in digital solutions. The aim of this acquisition is at adopting a 5D visualization application for the United States defense industry and government agencies.
• In November 2020, 6 Degrees of Freedom (6DoF) Probe a next-generation Vantage Laser Tracker has been announced by FARO Technologies a leading global source for imaging, 3D measurement, and realization technology. This new technology is compatible with FARO VantageE6 Laser Trackers and VantageS6, which will enable users to measure, inspect, and build at a faster pace with higher accuracy.

Key Players

The major players in the market are FARO Technologies, Hexagon AB, GOM GmbH, Nikon Metrology, Perceptron Inc., Creaform Inc., 3D Systems Corporation, Carl Zeiss AG, Renishaw plc. Keyence Corporation, WENZEL Präzision GmbH, Zygo Corporation, and Mitutoyo Corporation.

Verified Market Research has segmented the Global 3D Metrology Market On the basis of Product, Component, Application, Vertical, and Geography.

• 3D Metrology Market, By Product
• Video Measuring Machine
• 3D Automated Optical Inspection System Coordinate
• Coordinate Measuring Machine
• Optical Digitizer and Scanner
• 3D Metrology Market, By Component
• Software
• Hardware
• Services
• 3D Metrology Market, By Application
• Quality Control & Inspection
• Virtual Simulation
• Reverse Engineering
• Others
• 3D Metrology Market By Geography
• North America
• U.S
• Canada
• Mexico
• Europe
• Germany
• France
• U.K
• Rest of Europe
• Asia Pacific
• China
• Japan
• India
• Rest of Asia Pacific
• ROW
• Middle East & Africa
• Latin America

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Top 5 Geospatial Imagery Analytics aiding in contingency plans via geo-referenced images

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