3D Metrology Market worth $16.4 billion by 2028 - Exclusive Report by MarketsandMarkets™
CHICAGO, Jan. 31, 2023 /PRNewswire/ -- The 3D metrology market is valued at USD 11.2 billion in 2023 and is projected to reach USD 16.4 billion by 2028, growing at a CAGR of 8.0% during the forecast period according to a new report by MarketsandMarkets™. The growing need for increased production speed by electronics manufacturing services companies, high focus on quality control in the manufacturing sector, increased research and development (R&D) investments, rising use of 3D data for analysis and modeling in various industries are expected to boost the 3D metrology market.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203080758
Browse in-depth TOC on "3D Metrology Market"
206 – Tables
57 – Figures
310 – Pages
3D metrology market for the automotive industry is expected to hold the largest share from 2023 to 2028
In 2022, the automotive segment accounted for the largest share of the 3D metrology market and is expected to hold its dominant position throughout the forecast period. 3D metrology is required in the automotive industry for the inspection, measurement, and quality checking of various components. The automotive industry is increasingly using optical measurement systems and CMMs instead of conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of a vehicle. For example, Cyberoptics (US) supplied a multinational automotive supplier with CyberOptics SQ3000 3D AOI System for fast, accurate, and reliable inspection technology. This benefitted the automotive supplier with a lowered escape rate, cost savings through early defect detection, and reduced operator costs.
Coordinate measuring machines to account for the largest market share during the forecast period
The key factors responsible for the larger market share of the coordinate measuring machine segment are rising need for precision dimensional analysis and validation of geometric accuracy in the manufacturing, aerospace & defense, and automotive sectors followed by medical, electronics, energy & power, and heavy machinery industries for maintaining product quality. The growth of the this segment can also be attributed to the growing demand for non-contact CMMs for quality control and inspection applications in above mentioned industries.
Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=203080758
US is expected to account for the largest share in North America in 2023
The US is expected to account for the largest share of ~77% of the 3D metrology market in North America in 2023. The presence of several automobile manufacturers, research institutes, and large semiconductor companies in this region has increased the demand for 3D metrology equipment. The sales of 3D metrology equipment are expected to rise in key industrial segments in North America, including automotive, aerospace & defense, medical, and heavy machinery. In the US, various 3D metrology systems are used for different applications, such as quality control and inspection, reverse engineering, and virtual simulation, across verticals such as automotive and, aerospace & defense. The US is among the first countries to adopt 3D metrology in new and emerging applications such as entertainment, forensics, and crime scene investigation.
The major players operating in the 3D metrology market include Hexagon AB (Sweden), FARO Technologies, Inc. (US), Keyence Corporation (Japan), Jenoptik AG (Germany), Nikon Corporation (Japan), Mitutoyo Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), Perceptron, Inc. (US), Renishaw plc (UK), Creaform (Canada), Baker Hughes Company (US), CyberOptics Corporation (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US), and Metrologic Group (France), among others.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=203080758
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports:
Industrial Metrology Market by Offering, Equipment, Application (Quality Control & Inspection, Reverse Engineering, Mapping & Modeling), End-User Industry (Aerospace & Defense, Automotive, Manufacturing, Semiconductor), Region - Global Forecast to 2027
3D Scanner Market by Offering (Hardware, Software and Solutions, Services), Type (3D Laser Scanners, Structured Light Scanners), Range, Technology, Product, Application, End-Use Industry, Region 2026
Industrial 3D Printing Market by Offering (Printers, Materials, Software, Services), Application, Process, Technology, Industry (Aerospace & Defense, Automotive) and Geography (2021-2026)
Laser Tracker Market by Application (Quality Control & Inspection, Alignment, Reverse Engineering, and Calibration), Industry (Automotive, Aerospace & Defense, General Manufacturing, Energy & Power, Transportation) and Region - Global Forecast to 2027
3D and 4D Technology Market with COVID-19 Impact Analysis by Solution Type (3D Output Devices, 3D and 4D Input Devices), End-use Application (3D and 4D Gaming), Vertical (Entertainment, Consumer Electronics), Geography - Global Forecast to 2025
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-metrology-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/3d-metrology.asp
Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg
SOURCE MarketsandMarkets
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article