The 3D Metrology Market: The growing adoption of 3D metrology equipment by various industries such as aerospace, automotive, construction are the key drivers of the market.

Published Date: 16/05/2021

The 3D metrology market is estimated to grow from USD 9.6 billion in 2021 to reach USD 15.2 billion by 2027; it is expected to grow at a CAGR of 6.8% from 2021 to 2027. 3D (three dimensional) Metrology System is a technology to measure any distance, length, height and point of a three-dimensional (3D) object for practical and theoretical aspects of measurement in any field. It converts the real model into architectural images and videos for better results. 3D metrology works on measurement data and helps throughout the industrialization processes such as designing, production preparation and purchasing. 3D metrology system mainly used for quality control for accuracy in production. It plays a vital role in converting a raw manufacturing unit into a finished product. Moreover, it can also measure hidden points which are not possible to measure manually.

Demand of 3D metrology is increasing rapidly as it provides simplified solutions to the users, furthermore, it saves time and gives accurate results driving the market. 3D metrology systems emphasize on quality control for addressing manufacturing issues and deliver the best possible outcome. It can process huge volumes of 3D data at a time for analysis and modeling purpose. Automotive organizations are expected to generate substantial demand for 3D metrology technology in the future.

It is immensely important to increase the inspection capability, coordinate the measurement processes and improve the quality of finished products in an automobile industry. 3D metrology technology assists automotive organizations in achieving these goals. Coordinate measuring machines (CMM) and Optical measurement systems (OMS) are two majorly used product categories of 3D metrology technology in automotive industries to improve the comfort level along with the safety and security aspects of the vehicle.

CMM is a type of measuring device which determines movable coordinated points on the surface. It can be used for better accuracy, higher productivity, ultimate scanning and increase inspection performance. OMS is a technique which is used for optical sensor to collect the measurement data. However, set-up and installation cost of a 3D metrology system is very high. Additionally, it is very complicated to understand the system of 3D metrology due to lack of expertise and lack of simple software solution. Moreover, growing demand from construction and automotive industries is an opportunity to drive the market of 3D metrology system in the future.

On the flip side, the demand for customized metrology solutions prohibits the development of the application base of universal systems to cover several functional aspects. Consequently, the end-user is compelled to choose the multiple service providers to exhibit a single chain of manufacturing processes. It may, however, raise the costs involved and compel buyers to procure their metrology products, hence, attributing to the overall market demand.

The prominent players in the 3D metrology market are Hexagon AB (Sweden), Carl Zeiss AG (Germany), FARO Technologies (US), Mitutoyo Corporation (Japan) Nikon Corporation (Japan), KLA-Tencor (US), Jenoptik (Germany), Keyence (Japan), Perceptron (US), and Creaform (Canada).

APAC continues to grow at a high rate, which can be attributed to the high economic growth witnessed by major countries such as China and Japan in this region. The key countries contributing to the growth of the 3D metrology market in APAC include Japan, China, India, and South Korea. Remaining countries contributing to the market are considered in the Rest of APAC; these countries are Australia, New Zealand, Taiwan, Singapore, Indonesia, and the Philippines. Automobile and electronics manufacturers use 3D metrology systems during the production process for quality inspections; as the number of automobile manufacturing plants is more in APAC than other regions, the demand for 3D metrology offerings is expected to grow rapidly in this region.