3D Metrology Market Analysis Report By Component, By Hardware, By Services, By End Use, By Region And Segment Forecasts From 2019 To 2025

Industry Insights

The global 3D metrology market size was accounted for USD 7.3 billion in 2018. It is projected to witness an 8.8% CAGR over the forecasted years, 2019 to 2025. The rising need for maintaining quality and uniformity in the measurement of components is anticipated to drive its demand. Also, rapid technological advances across the manufacturing industry like industry revolution 4.0 and huge investments for carrying out R&D activities are further projected to fuel up the market growth.

The emergence of industry 4.0 has paved the way for an increase in demand for service segments across the global market for 3D metrology. This technology majorly focuses on the digitization of physical assets coupled with their integration in digital ecosystems. Thus, rapid developments for automating processes with the help of software are anticipated to drive market growth.

The majority of industries across the globe have started focusing on enhancing the quality of their products with the help of several precision instruments. The system of metrology also helps in the reduction of time required for product development and production. For example, the usage of CAD data in digital measurements can facilitate the inspection process. These factors are projected to drive the demand for 3D metrology in the upcoming years.

Huge investments are being undertaken across many industrial sectors for the promotion of R&D activities. Also, concerns about personal safety and governmental regulations have influenced organizations to focus on complying with strict standards for product measurements and inspections, thereby boosting the need for 3D metrology across the globe.

Component Insights

In 2018, the software component segment held a share of around 33.2% across the global market. This can be attributed to features like measurement across numerous sources and data accumulation. It also provides self-explanatory and exhaustive textual and graphical reports which can be used in the evaluation of real-time deviation and identification of production trends. Also, the usage of CAD/CAM tools for designing purposes makes use of tooling, sheet metal, and production engineering. These factors are anticipated to drive the demand for 3D metrology software across the globe.

Several service providers use various measuring techniques at their client’s facilities. They have also started offering training, calibration services, automation, system integration, and tool design for the measurement of equipment. But, the majority of the large organizations maintain their own measuring equipment. Thus, such 3D metrology solutions can be largely used on the shop floor and thus can help in automating processes.

Hardware Insights

The hardware segment of ODS (Optical Digitizers and Scanners) accounted for a significant share across the global market in 2018. This can be attributed to its surging usage for automotive design & styling, surface analysis, an inspection of aircraft components, and power train components. It is also anticipated to generate a revenue of USD 3.4 Billion until 2025.

Adoption of several software and hardware services across various sectors such as aerospace, automotive, medical, and archaeological architecture helps in the enhancement of manufacturing processes. Also, the usage of hardware such as vision systems, CMMs, laser trackers, and structured-light scanners helps in easing the process of quality and measurement inspection. These factors are anticipated to facilitate market growth for 3D metrology.

Services Insights

The 3D metrology market can be classified into quality control and inspection, virtual simulation, reverse engineering, and 3D scanning based on service type. In 2018, the segment of reverse engineering held the largest share across the global market and generated a revenue of USD 2.7 Billion. The surging demand for intelligent solutions along with the usage of several CAD models in the automotive industry is projected to drive the market growth of this segment.

The segment of quality control & inspection is projected to register the fastest growth with 9.4% CAGR from 2019 to 2025. This can be associated with the shifting trend towards accreditation from calibration laboratories for ensuring quality products. Also, several key players across the market have started complying with international standards like Six Sigma, ISO-9001, and QS-9000 to cater to the client’s demand.

End-use Insights

The market for 3D metrology can be classified into automotive, aerospace, construction & engineering, heavy machinery, medical, and others. This can be associated with the need for higher precision and reduced tolerance limits for a variety of automotive and electronic applications. Also, the rising preference for international standards of quality is driving the need for 3D metrology.

The segment of automotive held the largest share of around 22.8% across the global market in 2018. The surging demand for premium vehicles, rapid technological advances being undertaken by key manufacturers coupled with the need for fuel-efficient public transport is anticipated to drive the demand for 3D metrology equipment across the automotive sector.

Regional Insights

In 2018, North America held the largest share across the global market and generated a revenue of USD 3.1 Billion. This can be attributed to the strong foothold of industries like automotive, pharmaceutical equipment, and automotive manufacturers across countries like the U.S. and Canada. Further, the implementation of automation technologies across the automotive sector is projected to drive the demand for solutions of dimensional metrology.

The Asia Pacific is projected to register the fastest growth with a 10.0% CAGR over the forecasted years. This can be associated with the emergence of economies across countries like India, Japan, and China. Also, manufacturers of chemical, steel, food processing, and consumer products across countries like China have started adopting 3D metrology for various power generation and industrial applications.

COVID-19 Impact Insights

The global 3D Metrology market has been impacted on account of the ongoing COVID-19 crisis. This can be attributed to the fact that the majority of raw material manufacturers of electronic devices are located across China. Also, restriction over travel and cargo movement imposed by several countries is resulting in obstruction of supply chain and fluctuations in raw material prices. Further, hindrance in the manufacturing processes across major industries due to the imposition of lockdown is projected to further obstruct the market growth for 3D metrology across the globe.

However, the market is anticipated to witness growth in the post-pandemic period owing to the resuming of production processes across the automobile and aerospace sectors. Also, the international restrictions over export are projected to facilitate the emergence of various local manufacturers in the upcoming years. Moreover, rapid technological advances undertaken by R&Ds for enhancing the quality and precision of components are projected to boost the demand for 3D metrology in the upcoming years.

3D Metrology Market Share Insights

The market for 3D metrology includes players like Zeiss International; Hexagon AB; Nikon Corporation; Keyence Corporation; KLA Corporation; Renishaw Plc; Applied Materials; and 3D Systems, Inc.These players are constantly engaged in implementing many strategies like acquisitions and mergers for gaining competitive advantage. For example, Hexagon AB gained acquisition over a geospatial application software provider named Thermopylae Sciences + Technology to enhance location intelligence in the products.

They are also continuously launching technologically advanced products to widen their global reach and customer base. For example, in 2019, Zeiss International had launched metrology & inspection solutions to measure complicated measurements and quality of parts like an electric motor, battery, power train, and power electronics under the category of Zeiss e-mobility solutions.

Report Scope

Segments Covered in the Report

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends from 2015 to 2025 in each of the sub-segments. For the purpose of this study, Million Insights has segmented the global 3D metrology market on the basis of component, hardware, services, end-user, and region:

• Component Outlook (Revenue, USD Million, 2015 - 2025)
    • Hardware
    • Software
    • Services

• Hardware Outlook (Revenue, USD Million, 2015 - 2025)
    • Coordinate Measuring Machine (CMM)
    • Optical Digitizer & Scanner (ODS)
    • Video Measuring Machine (VMM)
    • 3D Automated Optical Inspection (AOI) System

• Services Outlook (Revenue, USD Million, 2015 - 2025)
    • Quality Control & Inspection
    • Reverse Engineering
    • Virtual Simulation
    • 3D Scanning

• End-use Outlook (Revenue, USD Million, 2015 - 2025)
    • Aerospace
    • Automotive
    • Medical
    • Construction & Engineering
    • Heavy Machinery
    • Others

• Regional Outlook (Revenue, USD Million, 2015 - 2025)
    • North America
        • The U.S.
        • Canada
    • Europe
        • The U.K.
        • Germany
        • France
    • The Asia Pacific
        • China
        • India
        • Japan
        • South Korea
    • Latin America
        • Brazil
        • Mexico
    • Middle East& Africa