According to our latest study on "3D Metrology Market Forecast to 2031 - Global and Regional Share, Trend, and Growth Opportunity Analysis - by Product, Application, and End User," the market was valued at US$ 11.56 billion in 2023, and the 3D Metrology market size is projected to reach US$ 22.71 billion by 2031. The 3D Metrology market is expected to record a CAGR of 8.8% from 2023 to 2031.

Rising Demand for Industry 4.0 to Provide Lucrative Opportunities for 3D Metrology Market Growth During the Forecast Period

Industry 4.0 includes automation, enhanced analytics, data interchange, and digital technology integration. These latest advancements facilitate communication between the dynamic digital world and the physical world. Industry 4.0 has resulted in the development and deployment of cutting-edge sensors capable of capturing data with unprecedented precision and detail. Their incorporation into automated systems improves efficiency and streamlines procedures while enabling multidimensional assessments, real-time monitoring, and non-contact measures, which is expected to fuel the market growth during the forecast period. In addition, the integration of IoT is also increasing worldwide. IoT devices are integrated into machinery, production equipment, and even finished goods. Throughout the production process, these devices can supply real-time data to engineers, alerting them to deviations, abnormalities, quality problems, and other pertinent information. Additionally, a major component of Industry 4.0 is the integration of the digital and physical worlds. A digital twin is a virtual representation of a component or system that allows one to test, measure, and even model its response to various scenarios. It is similar to having a clone that allows one to experiment without actually touching the original. Thus, digital twins are improving the intelligence and efficiency of manufacturing by fusing real-world and virtual components. Hence, the rising demand for Industry 4.0 is expected to propel the 3D metrology market size during the forecast period.

Key Findings of 3D Metrology Market Study:

The 3D Metrology market analysis has been carried out by considering the following segments: product, application, and end user. Based on product, the market is segmented into hardware, services and software. Based on application, the market is segmented into reverse engineering, quality control and inspection, virtual simulation, and others. Based on end user, the market is segmented into energy and power, aerospace and defense, electronics, automotive, heavy machinery, medical, and others. The automotive segment held the largest 3D metrology market share in 2023. The commercial segment held the largest 3D Metrology market share in 2023.

Based on product, the market is segmented into hardware, services and software. 3D metrology hardware helps provide precise and accurate measurements and maintain product quality, which is fueling its demand in various industries, including heavy machinery, electronics, aerospace & defense, and healthcare. The hardware segment is sub-segmented into coordinate measuring machine, optical digitizer and scanner, video measuring machine, 3D automated optical inspection, and others. 3D metrology services include dimensional inspection, programming, and quality certifications. Various companies offer these services, providing their customers with in-depth, non-contact measurements of almost any size, shape, and form. With high-resolution 3D scanning technologies, service providers help verify various dimensions of any part quickly and easily, which can further help provide longer product life.

Moreover, factors such as the increasing demand for 3d metrology in automotive industry propel the 3D metrology market growth. Also, the growing adoption of cloud computing is expected to bring new 3D Metrology market trends in the coming years.

The scope of the 3D Metrology market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). North America accounted for the largest 3D Metrology market share in 2023.

Hexagon AB, Nikon Metrology NV, Creaform Inc, FARO Technologies Inc, Artec Europe, Intertek Group Plc, Mitutoyo Corporation, KEYENCE CORP, Shining3D, and ZEISS are among the key players profiled in the 3D Metrology market report.


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