Global 3D Metrology Market

3D Metrology Market Insights

Metrology is known as the study of measurements and has its wide range of applications in various fields such as engineering, science, manufacturing, and technology. 3D or Three-Dimensional metrology is also known as the study of 3D precision measurement. 3D metrology is the process in which accurate geometrical data of an object’s 3 axes i.e., X, Y, Z are collected. There are various 3D metrology systems such as the Coordinate Measuring Machine (CMM) and Video Measuring Machine (VMM) that are used for the collection of precise and accurate measurement figures.

3D metrology systems have application across different industries like engineering, heavy machinery, construction, automotive, energy and power in which it is used for quality checking of the product. Due to the increasing emphasis on quality control at an early stage of production and to the output stage, the 3D metrology systems are used to provide assured quality improvement, reduce cost and reduce the inspection time and it helps manufacturers to monitor the quality and efficiency of the parts that are required to made industrial products and components.

Technological advancement is becoming complex and the tolerance limits are reduced for manufacturing parts. This has led to little room for error and emphasis is on the improved quality process and process capability. The increased global investment in research and development for the development of new devices and solutions are driving the market.  Higher precision inspection and quality control is also a key market driver for market growth. The 3D metrological data will act as a lifeline for smart factories and will help them to optimize the quality and provide the manufacturers with a competitive edge in the market.

3D Metrology Market: By Offering

Based on the offering the market can be segregated into hardware, service, and software. Owing to rising applications of hardware devices in diverse areas like Aerospace and Defence, Automotive, Energy and Power, and Architecture and Construction, are boosting the market growth. The service segment will grow at the fastest rate as the cost of setting up a 3D metrology system is high, so the manufacturers are moving towards external measurement service providers for their inspection and modeling work.

3D Metrology Market: By Product Type

Based on the product analysis, the market can be segmented into a Coordinate Measuring Machine (CMM), 3D Automated Optical Inspection System (AOI), Optical Digitizer and Scanner (ODS), Video Measuring Machine (VMM), and Form Measurement Equipment, among Others. CMM segment holds the highest market share due to its precision and accurate inspection and better productivity. The AOI will grow at a faster rate as it is used to measure critical dimensions and its application in electronic component measurement.

3D Metrology Market: By Application

Based on the application, the market can be explained into Virtual Simulation, Quality Control & Inspection, and Reverse Engineering, among others. 3D metrology systems have application across different industries like heavy machinery, engineering, aerospace and defense, in which it is used for quality control and inspection of the product. Therefore, the quality control and inspection segment register a major chunk of the market.

3D Metrology Market: By End-User

Based on the end-user analysis, the market is explained into Aerospace & Defense, Heavy Machinery & Mining, Automotive, Energy and Power, Architecture & Construction, Medical, and Semiconductor & Electronics among others. The Automotive segment of the market has the largest market share due to the huge employment of 3D metrology facilities right from the initial stage to the output stage in the production. The 3D metrology enables quality inspection process in production to provide faster error detection and resolution thus contributing towards the growth of the 3D metrology market in the automotive segment.

3D Metrology Market: By Region

The market for North America will be dominant as of 2020, as the region has several aerospace and defense, automotive, medical and heavy machinery manufacturers. While the APAC will account for the highest growth in this segment due to increasing industrial development and infrastructure facilities in countries like China and India. China is considered as the hub for semiconductor and electronic components manufacturing unit, India also has a huge automobile and steel sector. Hence, this will increase the opportunity of 3D metrology inspection applications which will contribute towards the growth in the APAC. The rising demand for automobiles in APAC countries will contribute towards the increase in the production of vehicles.

3D Metrology Market Share and Competitor Analysis

Hexagon, Metrologic Group, FARO Technologies, Automated Precision, Inc, Renishaw, Perceptron, Creaform, KLA Corp, Jenoptik, ZEISS Group, Baker Hughes Company, Mitutoyo Corp, CyberOptics Corp, Nikon Corp, Trimble, Inc, 3D Systems, Inc, and KEYENCE Corp. among others are the major players.

Please note: This is not an exhaustive list of companies profiled in the report.

In November 2020, Nikon corporation has introduced its new Video measuring machine called “NEXIV VMZ-S3020”. This product is the first line-up of its new improved “NEXIV VMZ-S” which can be utilized for the measurement of electronic parts and semiconductors and also for associated tooling. This new launch will help the company to penetrate new markets and show cast its presence in the 3D metrology market.