According to the research report titled ‘Global 3D Metrology Market Size Study, By Offerings (Hardware, Software and Services), By Product Type (Coordinate measuring machines, Optical digitizer and scanner, Video measuring machine, 3d automated optical inspection system and Others), By Applications (Reverse engineering, Virtual simulation, Quality control and inspection and Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global 3D metrology market was worth USD 12.73 billion in 2019 and is expected to register 7.25% CAGR with a valuation of USD 21.42 billion over 2021-2027.
 

Increasing disposable incomes across developing nations leading to surge in demand for novel equipment is a significant catalyst for the growth of global 3D metrology market. Consumer inclination towards software deployed automation techniques, and incorporation of customized transportable metrology equipment are augmenting the market outlook.
 

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Citing an instance, Carl Zeiss AG introduced Zeiss eMobility Solutions in May 2019, which consists of metrology and inspection solutions for power electronics, battery, electric motor, and powertrain under in hybrid, electric, and hydrogen cell vehicles.

 

For the unversed, 3D metrology system provides precise and accurate 3D measurement data owing to the advanced technology. Various industry verticals like construction, aerospace, automotive, energy & power, engineering as well as heavy machinery are adopting this technology to maintain the quality of the product, which along with emergence of Industry 4.0 are augmenting the expansion of worldwide 3D metrology market.

On the other hand, lack of simplified software solutions will serve as a restraining factor for the business sphere during the analysis timeframe.

Speaking of product type, global 3D metrology market is divided into optical digitizer & scanner, 3D automated optical inspection system, coordinate measuring machines, video measuring machines, and others.

In terms of offering, the market consists of services, hardware, and software. Based on application scope, the industry space is bifurcated into virtual simulation, quality control & inspection, reverse engineering and others.

From regional point of view, North America acquired major portion of worldwide 3D metrology market share in the recent past, owing to presence of automotive, aerospace, and pharmaceutical equipment manufacturers in the region.   Asia Pacific market, on the other hand, is expected to record strong growth rate over 2020-2027, as various manufacturing firms as well as automakers have their operational base in this region.  

The competitive landscape of worldwide 3D metrology market is defined by companies such as Creaform, Hexagon AB, Keyence Corporation, Carl Zeiss AG, FARO Technologies Inc., Mitutoyo Corporation, Renishaw plc, KLA Corporation, Nikon Corporation, and Jenoptic AG among others.