ATTRACTIVE OPPORTUNITIES IN 3D METROLOGY MARKET


Posted August 23, 2021 by prashantvi

The 3D metrology market is estimated to grow from USD 9.6 billion in 2021 to reach USD 13.4 billion by 2026; it is expected to grow at a CAGR of 6.8% from 2021 to 2026
 
The 3D metrology market is projected to grow from USD 9.6 billion in 2021 to USD 13.4 billion by 2026, growing at a CAGR of 6.8% from 2021 to 2026. The adoption of 3D metrology equipment in industries such as aerospace & defense, automotive, architecture and construction, medical, electronics, energy & power, and heavy machinery to maintain product quality is also expected to drive the growth of the 3D metrology market.

Based onthe product type, the 3D metrology market has been segmented into coordinate measuring machines (CMMs), optical digitizer and scanners (ODS), video measuring machines (VMM), 3D automated optical inspection systems (3D AOI), form measurement equipment, and others including 3D X-ray and CT systems. The increasing adoption of CMMs in industries such as aerospace & defense, automotive, medical, electronics, energy & power, and heavy machinery to maintain product quality is the major driver for the growth of the hardware market.

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On the basis ofoffering,the 3D metrology market has been segmented into hardware, software, and services.The increasing adoption of 3D metrology equipment in industries such as aerospace & defense, automotive, architecture & construction, medical, electronics, energy & power, and heavy machinery to maintain product quality is the major driver for the growth of the hardware market. The high cost incurred in setting up a 3D metrology facility and the lack of 3D metrology experts are the major factors for the growth of the market for 3D metrology services. Manufacturing companies are outsourcing their 3D metrology measurement and inspection work to service providers to achieve short measuring times, reduced measurement uncertainty, and process stability, thereby driving the 3D metrology services market.

The 3D metrology market, based on end-user industry, has been segmented into aerospace & defense, automotive, architecture and construction, medical, electronics, energy & power, and heavy machinery, among others. Automotive is the largest industry for 3D metrology solutions owing to their use in applications such as quality control and inspection, reverse engineering, and virtual simulation.

Among all regions, North America accounted for the largest share of the 3D metrology market in 2020. The presence of major industries such as automotive, aerospace & defense, architecture and construction, and energy & power in the US drives the 3D metrology market in North America. The continuous technological advancements and financial support from the government further propel the growth of this market.

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Issued By marketsandmarkets
Country United States
Categories Electronics , Semiconductors
Tags 3D Metrology Market
Last Updated August 23, 2021