The Global 3D Metrology Market Size Was Valued At USD 11.54 Billion In 2021. The Market Is Projected To Grow From USD 12.60 Billion In 2022 To USD 38.97 Billion By 2030, Exhibiting A CAGR Of 17.5% During The Forecast Period.

3D Metrology Market Overview:

The global COVID-19 pandemic has been unprecedented and shocking. As a result, demand for 3D metrology is lower than expected in all regions compared to levels before the pandemic. Based on our research, the global market dropped by 2.6% between 2019 and 2020.

3D metrology is a new way to measure the size of parts without having to touch them very often. It is the scientific way to look into how things work. It is used to measure fixtures, machined parts, and tools in the manufacturing process. It is used to measure height, distance, and length most of the time (three axes x, y, and z). It uses geometric points on an object's surface to measure its size, and it gives a lot more information than traditional ways of measuring, like polishing the object's surface and making a 3D sketch of it. The coordinate measuring machine is used to get these measurements. But new advanced measurement technologies, such as automated optical inspection sensor technologies and Optical Digitizer & Scanner (ODS), are speeding up the development of metrology technology and making traditional measurement methods less important.

In the last few decades, the global market has grown a lot, and it is expected to grow slowly over the next few years. During the forecast period, the market is also expected to grow because more and more things are being digitised and more and more advanced technologies, like the Internet of Things, are being used in developing countries.

Market Dynamics:

Latest Trends:

Asia-high Pacific's demand for 3D metrology will drive market growth.

In the 20th century, manufacturing plants were mostly set up in Europe, but in the last 20 years, key players in different industries have been shifting their attention to Asia-Pacific countries. It's because of the different plans that governments and big businesses in emerging countries like India, China, Japan, South Korea, Singapore, and others have used. As manufacturing and the auto industry grow in Asia and the Pacific, there is a need for more advanced quality control and measurement techniques in industrial metrology. The 3D metrology system is one of the newest and most advanced technologies. It is used to measure the parameters of surfaces, such as their size, finish, and area. It takes a lot less time than usual to measure parameters like height, depth, width, and length. The market is moving toward 3D metrology techniques because they are useful in many ways.

Driving Factors:

More applications for quality control and inspection in the automotive sector will help the market grow.

Each week, modern factories make billions of units of finished goods. In the auto industry, most parts are made with very little involvement from people. A part is made on an assembly line for a precise measurement with limits and tolerances that have already been set. Frictional losses also affect the accuracy of modern and complex machines. These changes might not matter much. But small changes in measurements can make a big difference when machines make parts for the aerospace and automotive industries that are sensitive to size. It makes it easier for companies that make cars to make the right products. Also, this system gives you a very standard way to measure that gives you the limits and tolerances you need. Coordinate measuring machines (CMM), Optical Digitizer & Scanners (ODS), and automated optical inspection are becoming more popular in the automotive industry. This is what drives the world market.

Restraining Factors:

High initial costs and a lack of skilled workers will slow the growth of the 3D metrology system market.

In the last few years, this system has gained a lot of attention. But the cost of a single unit of a product coordinate measuring machine (CMM) and an optical digitizer and scanner (ODS) is much higher than that of a traditional measuring system. Sensors, transmitters, and receivers, which are used in this system, are expensive, which will directly affect how much the whole system will cost at first. Also, small-scale industries may not be able to afford to replace their current measurement system and switch to new 3D metrology technology. Also, problems like a lack of skilled workers to run coordinate measurement equipment could slow the growth of the 3D metrology market over the next few years.

Segmentation Analysis:

By Product Type Analysis:

Coordinate Measuring Machines (CMMs) will make the most money in the coming years because more and more people are using advanced measuring technology. This trend will continue during the forecast period because more and more people in the automotive and manufacturing industries are using advanced quality control techniques. The Optical Digitizer & Scanner (ODS) segment has a lot of room for growth, and the Video Measuring Machine (VMM) segment will follow this trend during the forecast period. Automated optical inspection is growing slowly because optical technology is always getting better.

By Application Analysis:

In the manufacturing and auto industries, the need for quality control and inspection has been going up because the end products need to be more precise. 3D metrology works well with any job or object that a physical tool can't reach well enough to do properly. Coordinate measurement machines are used a lot in the auto, aerospace, and defence industries to check and control the quality of products. On the other hand, the virtual simulation segment is expected to grow at the fastest rate in the forecast year. More people may use virtual simulation technology if they use more devices that connect to the internet wirelessly.

By End-user Analysis:

The automotive segment brought in the most money in 2021 because this technology has a lot of uses in the process of making cars. Coordinate measuring machines are used by many automakers for quality control and inspection in the factory. This is driving the market worldwide. The manufacturing segment is growing at the same rate as the automotive segment, and it is expected that the aerospace and defence segment will have the highest CAGR over the forecast period. Also, the number of unit sales of CMM in the automobile and aerospace & defence segment brings in a lot of money because these industries use optical digitizer and scanner devices a lot. This will give the market a lot of good opportunities. During the forecast period, however, the electronics and architecture and construction segments showed only moderate growth.

Regional Insights:

In 2021, the Asia-Pacific market was worth USD 6.07 billion, and it is expected to become the largest market in the world over the next five years. The market in the region is driven by the growing use of contactless quality control equipment and measuring techniques in the production and manufacturing of cars. Top players are also using different business strategies, which is helping the market grow in the region.

China made the most money in 2021 because of how well its manufacturing sector did.

China is the country that makes the most money. Also, the analysis shows that it will be the fastest-growing country over the next few years. China has the most advanced manufacturing facilities in the world, and it is quickly incorporating new technologies like reverse engineering and virtual simulation into its regular manufacturing process. This will help more people buy products in China.

Some of the biggest players in the market are using partnerships, acquisitions, and business expansion as ways to grow the market in the country. Also, China is a global manufacturing centre for CMM machine sensors, which may help the market grow.

Due to the presence of top key players in India and China, Asia Pacific is the segment that will grow the most over the next few years. Also, the growing number of small and medium-sized system manufacturers in emerging countries like Singapore, Japan, and South Korea and the growing use of virtual simulation in the energy and power industry are helping the market grow in the region. Also, some government agencies are taking steps, like India's "Make in India" campaign, that should help the market grow in the area.

Also, in North America, the U.S. market is expected to grow a lot over the next few years. This is because the aerospace and defence industries, as well as the manufacturing industries in the U.S. and Canada, are adopting new technologies.

In Europe, France was the market leader in 2021. This was because the automotive and aerospace industries were so big there, and this trend is expected to continue over the next few years. Also, Germany is expected to have the highest CAGR during the forecast period because the country has a lot of large factories.

The growth of the market is slow because Middle East & Africa and South America don't use advanced metrology technology as quickly and don't have enough skilled workers to run Video Measuring Machines (VMM) and Coordinate Measuring Machines (CMM).

Scope Analysis

Recent Development:

• June 2021 - Shree Rapid Technologies teamed up with ZEISS International to market and promote their machine measurement and scanning technology in India. This partnership will bring advances in non-contact measurement technology in India.
• May 2021 - ZEISS International acquired Capture 3D, the US partner of GOM 3D non-contact measurement solutions. Globally, this acquisition provides ZEISS International customers with a seamlessly integrated experience to get the best measurement solution for their specific task. By adopting this strategic move, ZEISS International also expanded its operations in the United States.
• April 2022 - FARO Technologies, Inc., a provider of 4D digital reality solutions, has launched a new end-to-end 3D digital reality capture and collaboration platform. The platform uses cutting-edge technologies such as artificial intelligence and cloud computing to analyze and store measurement data.
• June 2021 - FARO Technologies, Inc. acquires HoloBuilder, Inc. HoloBuilder's technology platform provides general contractors with a solution to efficiently capture and virtually manage construction progress using off-the-shelf 360° cameras. By using this technology, FARO Technologies can improve the quality of its products.
• May 2021 - Nikon Corporation has partnered with MENA3D. This strategic move will expand our sales partnerships and mutual approach to provide state-of-the-art metrology and optical inspection solutions in the Middle East and North Africa region.

Market Segmentation

By Product Type:

• Coordinate Measuring Machine (CMM)
• Optical Digitizer & Scanner (ODS)
• Automated Optical Inspection
• Video Measuring Machine (VMM)
• Others

By Application:

• Quality Control & Inspection
• Reverse Engineering
• Virtual Simulation
• Others

By End-user:

• Electronics
• Architecture & Construction
• Aerospace & Defense
• Manufacturing
• Automotive
• Others

By Companies:

• Zeiss International (Germany)
• FARO Technologies, Inc. (U.S.)
• Hexagon AB (Sweden)
• Intertek Group Plc (U.K.)
• Nikon Corporation (Japan)
• KLA Corporation (U.S.)
• Keyence Corporation (Japan)
• Perceptron, Inc. (U.S.)
• Renishaw Plc (U.K)
• Applied Materials (U.S.)
• Others