Global 3D Metrology Market Expected to Generate a Revenue of $6,647.9 Million and Grow at a CAGR of 7.8% during the 2021–2028 Timeframe [236-Pages]

The global 3D metrology market is expected to witness significant growth during the forecast period, owing to the rising use of 3D data in modeling and analytical applications. Based on the offering, the hardware sub-segment is expected to be profitable. Regionally, the North America region is expected to hold the biggest market share.

/EIN News/ — New York, USA, May 03, 2023 (GLOBE NEWSWIRE) — According to a report published by Research dive, the global 3D metrology market is anticipated to generate a revenue of $6,647.9 million and rise at a CAGR of 7.8% throughout the analysis timeframe from 2021 to 2028.   

As per our analysts, the increasing need for advanced testing technologies and instruments to manufacture a huge number of complex mechanical parts that are used in aerospace equipment, numerical machine control tools, and many more are expected to fortify the growth of the 3D metrology market over the forecast period. Besides, the growing demand for 3d modeling across various industries such as medical, aerospace and defense, automotive, and energy & power is further expected to boost the growth of the market during the estimated period. Moreover, rapid urbanization and industrialization across the globe and the growing demand for 3D metrology and 3d testing from end-use industries, such as aviation and automotive industries are expected to create immense growth opportunities for the 3D metrology market over the analysis timeframe. However, the design complexity and high cost associated with the manufacturing of metrology products may hinder the growth of the market during the forecast period.   

Download a Comprehensive PDF Sample of 3D Metrology Market 

Segments of the 3D Metrology Market  

The report has divided the market into different segments based on offering, product, application, end-use, and region.   

Offering: Hardware Sub-Segment to be Most Profitable  

The hardware sub-segment is projected to generate a revenue of $2,582.0 million during the analysis timeframe. This is mainly due to the increasing use of hardware services across various industries such as aerospace, medical, automotive, and many more to improve manufacturing processes. In addition, the increasing use of hardware such as CMMs, laser trackers, and many others to aid the quality and measurement inspection process is expected to foster the growth of the market sub-segment over the forecast period.   

Product: Coordinate Measuring Machine (CMM) Sub-Segment to be Most Lucrative  

The coordinate measuring machine (CMM) sub-segment is predicted to garner a revenue of $2,495.7 million throughout the analysis timeframe. This is mainly because CMMs are the traditional metrology tools that are used for quality inspection in several industry verticals. In addition, the increasing demand for CMMs from end-use industries including the aerospace and automotive industry for strict quality inspections is expected to propel the growth of the market sub-segment over the forecast period.   

Application: Quality Control & Inspection Sub-Segment to be Most Productive  

The quality control & inspection sub-segment is predicted to register a revenue of $2,565.9 million throughout the estimated period. This is mainly because quality control is an essential step in the manufacturing process. Further, the increasing demand for 3D metrology from end-use industries such as aerospace for greater accuracy and precision is expected to fuel the growth of the 3D metrology market sub-segment over the forecast period.   

End-Use: Automotive Sub-Segment to be Most Beneficial  

The automotive sub-segment is predicted to generate a revenue of $2,146.3 million during the analysis timeframe. The increasing demand for dimensional 3D metrology equipment from automotive companies owing to the wider requirement of inspections is predicted to uplift the growth of the market sub-segment over the estimated period.   

Schedule a call to the Expert Analyst to get the Latest update on the 3D Metrology Market 

North America Region to Hold the Maximum Share of the Market  

The North America region of the 3D metrology market is predicted to garner a revenue of $2,356.7 million during the forecast period. This is mainly due to the increasing technological advances and automation in the manufacturing sector of the region. Furthermore, the strong presence of automotive, pharmaceutical, and aerospace equipment manufacturers in this region is expected to drive the regional growth of the market over the analysis timeframe.   

Covid-19 Impact on the 3D Metrology Market  

The outbreak of the Covid-19 pandemic has had a negative impact on the 3D metrology market, likewise, several other industries. This is mainly due to the travel and cargo movement restrictions imposed by many nations during the pandemic which has disrupted the supply chains and fluctuated raw material prices. In addition, the prolonged lockdowns have affected the manufacturing processes across major industries which further declined the market growth throughout the crisis.   

Key Players of the Market  

The major players of the 3D metrology market include  

  • ZEISS Group 
  • Mitutoyo Corp  
  • KLA Corp  
  • Jenoptik 
  • Nikon Corp  
  • Perceptron 
  • KEYENCE Corp  
  • Renishaw 
  • FARO Technologies  
  • 3D Systems Inc 
  • Hexagon 

These players are broadly working on the development of new business strategies such as mergers and acquisitions, partnerships and collaborations, and product development to acquire a leading position in the global industry.   

Triangulate date as per your Format and Definition of 3D Metrology Market 

For instance, in December 2022, VoxelSensors, the leading provider of Active Event Sensor (AES) technology for 3D perception, announced its partnership with OQmented, a deep tech startup developing and selling the most advanced MEMS mirror and laser scanning technologies. With this partnership, the companies aimed to focus on the system integration and commercialization of a high-performance 3D perception system for AR/VR/MR and XR devices.   

Further, the report also presents other vital aspects including SWOT analysis, the product portfolio, the financial performance of the key players, and the latest strategic development.   

More about 3D Metrology Market: 


Mr.Abhishek Paliwal 
Research Dive 
30 Wall St. 8th Floor,New York NY10005 
(P) +91-(788)-802-9103 (India) 
+1-(917)-444-1262 (US) 
Toll Free: 1-888-961-4454 
E-mail:[email protected] 
Website:https://www.researchdive.com 
Blog:https://www.researchdive.com/blog/ 
LinkedIn:https://www.linkedin.com/company/research-dive/ 
Twitter:https://twitter.com/ResearchDive 
Facebook:https://www.facebook.com/Research-Dive-1385542314927521

Primary Logo



Originally published at https://www.einpresswire.com/article/631554747/global-3d-metrology-market-expected-to-generate-a-revenue-of-6-647-9-million-and-grow-at-a-cagr-of-7-8-during-the-2021-2028-timeframe-236-pages