3D metrology is used in creating products of accurate models through the use of 3D modeling software. Reduction of development time and reduction in time of product-to-market are benefits of the technology. The global 3D metrology market report by Market Research Future (MRFR) covers trends and niches to be capitalized by industry leaders over the forecast period (2020-2027). The COVID-19 pandemic and its impact is measured in the report.
The global 3D Metrology Software Market is likely to display 9% CAGR over the forecast period. This is attributed to adoption of automated technologies to expedite production. Industries are integrating automation into existing processes to improve the value chain. Focus on quality control, spending in research and development, and application in different areas can drive market growth.
Development of electric and hybrid vehicles have induced the need for 3D metrology. Focus on quality control and elimination of excess costs can bode well for the market. Rise of smart manufacturing coupled with emergence of smart factories to keep up with customer demand will favor the market in the coming years. Implementation of Industry 4.0 coupled with digitization of physical assets due to extended R&D budget can bolster market demand.
But high initial investment costs for 3D metrology facilities can hamper market growth.
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Hardware Segment to Lead 3D Metrology System Market
The hardware segment is touted to dominate revenues of the global market owing to its adoption across various industries and development of portable hardware such as laser trackers, CMMs, and vision systems. Conduction of quality tests is likely to spur the segment demand.
CMM Segment to Dominate 3D Metrology System Market
The CMM segment is expected to dominate the market owing to its ability to capture and store the targeted object’s measurements. Rise of IIoT and demand for superior quality inspections in products can drive the segment growth.
Reverse Engineering Segment to Spearhead 3D Metrology Market
The reverse engineering segment is expected to lead in the market owing to need for disruption in sunrise sectors and accurate capture of models through 3D scanners. Analysis of existing products and achievement of benchmarks to adhere to existing standards can drive segment growth.
Automotive Segment to Have Lions Share in 3D Metrology Market
The automotive segment is expected to lead in the market owing to establishment of various production units in developing regions and design of complex vehicles. Development of fuel-efficient vehicles in developing countries can drive the demand for 3D metrology services in the sector.
APAC to Lead in Global 3D Metrology Market
The adoption of 3D metrology by various industrial sectors for accurate measurement of dimensions and spaces can bode well for the market. Huge economic growth in Japan and China coupled with high production centers of steel, chemicals, consumer products, and iron can bode well for the market. Reverse engineering and quality inspection of products are main applications of 3D metrology.
Nikon Corporation, GoM, Creaform, 3D System Corp, Applied Materials, Exact Metrology, Automated Precision, 3D Digital Corp, Carl Zeiss AG, Keyence, Hexagon AB, Mitutoyo Corporation, Jenoptik, Perceptron, FARO Technologies, and KLA-Tencor are key players in the global 3D metrology market. Mergers, acquisitions, partnerships, and new development of products are major strategies of the market.
Sandvik has signed an agreement with DWFritz Automation Inc. for supporting development of non-contact metrology solutions and automation systems.
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