3D Metrology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2028
3D Metrology Market – Introduction
With the increasing demand for quality control, virtual simulations, and reverse engineering in the manufacturing industry, there has been a significant rise in the demand for ‘state-of-the-art’ 3D metrology equipment in industries such as aerospace, defense, automotive, construction, power, electronics, etc. Owing to the surging demand of these equipment, sales of 3D metrology surpassed a value of US$ 9 Bn in 2018 and are anticipated to grow incessantly.
Increase in the research and development spending by key players with aforethought to diversify their portfolio and sustain their position in the 3D metrology market is expected to deliver promising growth opportunities to the market. However, hefty costs for the installation of 3D metrology facilities, coupled with lack of competency to operate 3D metrology equipment could cause a hesitance for the adoption of these devices among the end-users, which could impede the growth of the 3D metrology market.
3D Metrology Market – Novel Developments
Some of the most prominent competitors operating in the competitive landscape of global 3D metrology market include –
3D Metrology Market – Dynamics
Automotive Applications to Generate Demand for 3D Metrology
With the innovation fueled in the automotive space, 3D metrology has been finding extensive applications for the inspection, measurement, and to conduct a quality check of numerous components. With the recognized limitations and drawbacks of customary strain gauges, high utilization of optical measurement systems and CMMs is witnessed in the automotive applications, which has fueled the growth of the 3D metrology market. Additionally, futuristic vehicles like electric vehicles and driverless cars are some of the emerging areas, where 3D metrology will find a huge scope, thereby, holding promising growth prospects for the 3D metrology market in the forthcoming years.
Industry 4.0 to Hold Lucrative Growth Opportunities for the 3D Metrology Market
Advent of industry 4.0 has unlocked avenues for the automation of processes and seamless data exchange, especially in the manufacturing technologies. As a result, 3D metrology has been finding
an impressive adoption rate in industries such as aerospace, defense, automotive, construction, architecture, electronics, medical, and power. With the incessantly growing market for CMM in the manufacturing industry, there has been a substantial increase in the sales of 3D metrology equipment for obtaining precise measurements, which is anticipated to keep the demand for the 3D metrology equipment surging even in the upcoming years.
Asia Pacific to Remain a Leading 3D Metrology Market
The 3D metrology market continues to grow at an accelerated pace in the Asia Pacific region, on the back of economic vigor boasted by China and Japan. Large demand for the equipment prevails from the electronics and automotive industry to conduct quality inspections during the production process. Since Asia Pacific enjoys its status as a significant automotive market with the presence of a large number of manufacturing plants, demand for 3D metrology is expected to grow consistently in the region.
3D Metrology Market – Segmentation
The 3D metrology market can be bifurcated on the basis of:
3D Metrology Market Segmentation – By Offering
Depending on the offering, the 3D metrology market can be segmented into:
3D Metrology Market Segmentation – By Product
3D Metrology Market Segmentation – Application
Based on the application, the 3D metrology market can be classified into:
3D Metrology Market Segmentation – End-User Industry
Depending on the end-user industry, the 3D metrology market can be segmented into:
The study presents reliable qualitative and quantitative insights into:
The regional analysis covers:
The vast market research data included in the study is the result of extensive primary and secondary research activities. Surveys, personal interviews, and inputs from industry experts form the crux of primary research activities and data collected from trade journals, industry databases, and reputable paid sources form the basis of secondary research. The report also includes a detailed qualitative and quantitative analysis of the market, with the help of information collected from market participants operating across key sectors of the market value chain. A separate analysis of macro- and micro-economic aspects, regulations, and trends influencing the overall development of the market is also included in the report.
Highlights of the report:
Note: Immense care has been taken to present data with the highest levels of accuracy in all TMRResearch reports. Nevertheless, recent developments related to market/vendor landscape may take time to reflect in the analysis.
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