The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The global 3D metrology market has experienced substantial growth, expanding from $10.85 billion in 2022 to $11.89 billion in 2023, marking an impressive compound annual growth rate (CAGR) of 9.6%. Looking ahead, the market is poised for continued expansion, with projections indicating a rise to $17.04 billion in 2027 at a CAGR of 9.4%. Let’s explore the key factors propelling this growth and the trends shaping the 3D metrology landscape.

1. Industry 4.0 Driving Adoption

• Industry 4.0 Revolution: The rise in adoption of Industry 4.0, the fourth industrial revolution, is a significant driver for the 3D metrology market.
• Focus on Interconnectivity: Industry 4.0 emphasizes interconnectivity, machine learning, and real-time data across the manufacturing landscape.
• Global Investments: Companies globally are investing in innovative technologies, including advanced 3D metrology systems, as part of the Industry 4.0 shift to enhance manufacturing efficiency and connectivity.
• Investment Growth: A study by the National Association of Software and Services Companies and Capgemini in 2022 revealed that Industry 4.0 investments grew 10X between 2010 and 2020, expected to reach $200 billion by 2025.

2. Industry Leaders Steering Growth

• Major Players: Key players in the 3D metrology market include FARO Technologies Inc., Hexagon AB, Nikon Corporation, Carl Zeiss AG, Keyence, Perceptron, Inc., Applied Materials, Inc., Automated Precision, Inc., 3D Systems Corporation, Creaform, Inc., Renishaw plc, Kla Corporation, Intertek Group PLC., Exact Metrology, and Jenoptik.
• Market Leadership: These industry giants play a crucial role in steering the market dynamics through innovation, strategic collaborations, and technological advancements.

3. Technological Advancements Reshaping the Landscape

• Focus on Technological Advancements: A key trend gaining popularity in the 3D metrology market is the relentless pursuit of technological advancement.
• Innovative Solutions: Major companies are focused on developing innovative technologies for faster and more efficient 3D measurement solutions.
• Case in Point: Shining 3D, a China-based provider, introduced the FreeScan UE Pro, combining laser and photogrammetry for large-scale 3D inspection and reverse engineering.
• Enhanced Features: The FreeScan UE Pro inherits high precision, metrology-grade accuracy, and lightweight construction while introducing fine scanning and precise global control for large-scale workpiece scanning.

4. Market Segmentation: Understanding Diverse Applications

• Product Segmentation: The 3D metrology market is segmented by product into Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Automated Optical Inspection, Video Measuring Machine (VMM), and other products.
• Application Variation: Applications include quality control & inspection, reverse engineering, virtual simulation, and other applications.
• Diverse End Users: End-user industries span aerospace & defense, automotive, heavy machinery, electronics, architecture & construction, mining, and others.

5. Regional Dynamics and Future Growth Projections

• North America’s Lead: North America emerged as the largest region in the 3D metrology market in 2022, showcasing the region’s technological prowess and market dominance.
• Asia-Pacific’s Potential: Asia-Pacific is anticipated to be a rapidly growing region in the 3D metrology market, signaling increasing opportunities and market expansion in the region.

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The 3D Metrology Global Market Report 2023  provides an overview of the 3D metrology market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The 3D metrology market forecast analyzes 3D metrology market size, 3D metrology market share, leading competitor and their market positions.

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