According to a new market research report "3D Metrology Market by Offering (Hardware, Software, Services), Product (CMM, ODS, VMM, 3D AOI), Application (Reverse Engineering, Quality Control & Inspection, Virtual Simulation), End-user Industry, and Geography - Global Forecast to 2023", published by MarketsandMarkets, the market is expected to grow from USD 11.28 Billion in 2017 to USD 17.05 Billion by 2023, at a CAGR of 7.1% during the forecast period. The major driving factors for the 3D metrology market are the highly accurate inspection owing to 3D data for modelling and analysis, increasing focus on quality control, and inability of traditional measurement devices to address many manufacturing issues. Moreover, growing IIoT market drives the demand for 3D metrology in automation.
3D metrology market for reverse engineering applications to grow at a high rate between 2017 and 2023
The 3D metrology market for reverse engineering is expected to grow at a high rate between 2017 and 2023. Industries such as automotive, aerospace & defense, and manufacturing have started using 3D metrology for design modification of actual objects to produce customized cars, spare parts, and produce parts whose production had been discontinued. High precision, faster product analysis, and the ability to make changes in the original product are the major drivers of 3D metrology market for reverse engineering.
3D metrology market for architecture & construction industry to grow at a significant rate between 2017 and 2023
3D scanners in architecture & construction are used to scan buildings, bridges, or process plants. The 3D metrology market for the architecture & construction industry is growing because of the integration of 3D scanning technology with software such as computer-aided design (CAD) that helps in the building information modelling (BIM) process to minimize the building design time and overall cost.
The North America to hold the major share of the 3D metrology market in 2017
Various 3D metrology systems have been adopted in the US in the nascent stage of the technology and have been used for different applications such as quality control and inspection, reverse engineering, and virtual simulation across various verticals including automotive and aerospace. Moreover, the presence of a number of automobile manufacturers and research institutes in this region has increased the demand for the 3D metrology equipment, which is propelling the growth of the 3D metrology market in North America.
The major players in the 3D metrology market include Hexagon (Sweden), FARO Technologies (US), Nikon Metrology (Belgium), Mitutoyo Corporation (Japan), and Carl Zeiss Optotechnik (Germany), GOM (Germany), 3D Systems Corporation (US), 3D Digital Corporation (US), Perceptron (US), Creaform (Canada), GE Measurement & Control Solutions (US), Renishaw (UK), ZYGO Corporation (US), Advantest Corporation (Japan), WENZEL Prazision (Germany), OASIS Alignment Services (US), ATT Metrology Services (US), East Coast Metrology (US), H.S. & S. (US), Heliotis (Switzerland), SensoFar Group (Spain), Dimensional Metrology Services (Australia), Novacam Technologies (Canada), SHINING 3D Tech (China), and Zebicon (Germany).