3D Metrology Systems Market, 39% of Growth to Originate from North America, Technavio
NEW YORK, April 18, 2024 /PRNewswire/ -- The global 3D metrology systems market size is estimated to grow by USD 4445.06 bn from 2023 to 2027, according to Technavio. The market is estimated to grow at a CAGR of 7.45% during the forecast period. North America held the largest share of the global market in 2022, and the market in the region is estimated to witness an incremental growth of 39%.
For more insights on the historic (2017 - 2021) and forecast market size (2023-2027) - Request a sample report to understand more about this market- Download a FREE Sample Report in minutes!
North America is expected to play a pivotal role in propelling the global 3d metrology systems market
Geographic Landscape:
The 3D Metrology Systems Market is experiencing significant growth, particularly in North America, which accounted for the largest revenue share in 2022. Driven by customers in the US and Canada, the region's adoption of new technologies, such as semiconductors, precision inspection, and advanced tools like 3D laser, Whitelight scanners, and Laser trackers, is on the rise. The forecast period is expected to see continued implementation due to increasing demand for metrology services, calibration, and repair expenses in industries like aerospace and defense. Hexagon AB and Creaform are key players in this market, offering solutions like HandySCAN for inspection and metrology software. Infrastructural development, automation, and digital transformation are also influencing the market, with applications in defense aircraft, manufacturing metrology, and even in sectors like construction, luxury goods, prosthetics, and the aging population. Quality control, technical expertise, and virtual simulation are essential factors, with profit margins influenced by operating expenses, capital expenditures, and patent violations. Production tendencies and tooling are also crucial aspects of the manufacturing sector, with coordinate measuring and metrology software playing vital roles. The market's elasticity is impacted by factors like physical assets, digital ecosystems, and the ongoing shift towards Industry 4.0.
Research Analysis
The 3D Metrology Systems Market encompasses advanced technologies such as semiconductors, 3D laser scanners, and whitelight scanners, which are integral to precision inspection in various industries. Metrology service providers offer calibration and repair services to ensure quality control in sectors like aerospace and construction, where tolerances and deviations are critical. Hexagon AB and Creaform are key players in this market, leveraging their technical expertise and digital transformation through virtual simulation and cloud computing. Operating expenses, capital expenditures, and profit margins are influenced by elasticity and the shift from physical assets to digital ecosystems. The luxury goods sector also benefits from these technologies, enhancing product design and manufacturing processes.
Market Drivers
The Manufacturing Metrology market encompasses elastic solutions for measuring complex parts, driving digital transformation in industries. Traditional methods, such as hand-measurement tools, have limitations in inspecting intricate components like automobile bumpers or comparing CAD models. Test fixtures bridge this gap. Digital ecosystems and physical assets merge in this sector, serving various industries, including luxury goods, prosthetics, and the aging population. The hardware sector benefits from high-accuracy 3D Metrology Systems, enabling coordinate measuring, metrology software, and precision inspection. 3D laser scanners, whitelight scanners, and laser trackers are essential tools for semiconductor manufacturing, metal fabrication, and woodworking. Metrology service providers offer calibration and repair services, ensuring quality control and customer assurance. Infrastructural development and production engineering necessitate advanced tooling and inspection procedures. High-tech systems cater to tiny machine components and stringent specifications, ensuring conformity and combating patent violation. Key players in the market include Hexagon AB and Creaform, with their HandySCAN series, leading the way in technical expertise and innovation. The future of manufacturing metrology lies in the intersection of digital and physical assets, fostering a new era of precise measurement and inspection.
Market Overview
The 3D Metrology Systems market encompasses a range of technologies and applications, including laser scanners, coordinate measuring machines (CMMs), and comput tomography (CT). These systems provide accurate measurement and inspection solutions for various industries, such as automotive, aerospace, and manufacturing. The use of 3D metrology systems enables the detection of defects, optimization of production processes, and improvement of product quality. The market for these systems is driven by factors such as increasing demand for precision manufacturing and the need for faster and more efficient measurement solutions. Additionally, advancements in technology, such as the integration of artificial intelligence and machine learning, are expected to further drive growth in the 3D metrology systems market. Overall, the market for 3D metrology systems is poised for significant growth in the coming years.
To understand more about this market- Download a FREE Sample Report in minutes!
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article