Global 3D Metrology Market Analysis Report 2022: Market to Reach $17 Billion by 2027 - Robust Opportunity for Precision Parts Manufacturing Pushes Up the Importance of Industrial 3D Metrology - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "3D Metrology - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global 3D Metrology Market to Reach $17 Billion by 2027

In the changed post COVID-19 business landscape, the global market for 3D Metrology estimated at US$10.1 Billion in the year 2020, is projected to reach a revised size of US$17 Billion by 2027, growing at a CAGR of 7.7% over the analysis period 2020-2027.

Hardware, one of the segments analyzed in the report, is projected to record a 7% CAGR and reach US$7.6 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Software segment is readjusted to a revised 8.1% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 9.5% CAGR

The 3D Metrology market in the U.S. is estimated at US$2.8 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$3.3 Billion by the year 2027 trailing a CAGR of 9.5% over the analysis period 2020 to 2027.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.5% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Services Segment to Record 8.7% CAGR

In the global Services segment, USA, Canada, Japan, China and Europe will drive the 8.7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.6 Billion in the year 2020 will reach a projected size of US$2.9 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets.

MARKET TRENDS & DRIVERS

• Robust Opportunity for Precision Parts Manufacturing Pushes Up the Importance of Industrial 3D Metrology
• Growing Emphasis on Improving Productivity and Quality Drives Demand for 3D Metrology in Automotive Industry
• Automobile Production Dynamics Set the Pace of Growth for 3D Metrology Market
• Increasing Emphasis on Automation in Auto Industry Bodes Well for the Market
• With Manufacturing Moving towards Industry 4.0, 3D Metrology to Become Integral to Production Processes
• Shift towards Industry 4.0 Drives Opportunities in 3D Metrology Market
• Automation of Metrology Processes Necessary for Maximizing Productivity in Industry 4.0
• Automation in the Aerospace Industry Fuels Demand for 3D Metrology Solutions
• Aerospace Industry Makes Use of Non-Contact Metrology
• New Technologies for Faster Data Collection from API and Hexagon
• Visibility and Automation Enabled by Capture3D's ATOS Systems
• Laser Radar: Rising Popularity of Laser Radar Technology in Aerospace Applications
• Measuring Accuracy in Changing Application Requirements
• New Applications and CFD Analysis
• 3D Metrology Aids in Retrofitting of Defense Flares
• Heavy Equipment Industry Promises Bright Prospects
• Focus on Improving Product Quality in Various Industries Fosters Growth in Optical 3D Metrology Market
• Optical 3D Metrology: Vital Role in Development Process of Lightweight Components
• Coordinate Measuring Machines (CMMs): The Tried and Tested 3D Metrology Products
• Optical 3D Metrology Solutions Aid in Foundry Modernization
• 3D Metrology Play Vital Role in Reducing Errors in Medical Device Design and Performance
• Optical 3D Metrology for Medical Applications: A Review
• Robust Activity in the Renewable Energy Sector Spurs Market Opportunities in 3D Metrology Space
• Electronics Industry Applications Strengthen Market Prospects
• Accurate 3D Metrology in Semiconductor and Electronics Industries Necessitates Enhanced Cameras
• Rising Prominence of Cloud Computing in 3D Metrology
• Increase in R&D Spending Favors 3D Metrology Market
• Outsourcing Emerges as Key Trend in 3D Metrology Market
• International Standardization of Metrology Bodes Well for the Market

MARKET OVERVIEW

• An Introduction to 3D Metrology
• Coordinate-Measuring Machine (CMM)
• Laser Scanners
• Video Measuring Machine (VMM)
• 3D Metrology Vs Machine Vision
• New Standards in Metrology
• Focus on Quality Control and Inspection in Production Processes Propels Growth in the 3D Metrology Market
• CMMs Dominate 3D Metrology Market
• Quality Control and Inspection at the Forefront of Growth
• Automotive Industry Emerges as the Major End-Use Market for 3D Metrology
• Asian Economies Spearhead Market Growth
• Global Economic Scenario Influences Market Dynamics

SELECT COMPETITORS

• 3D Systems, Inc.
• Applied Materials, Inc.
• Automated Precision, Inc.
• Bruker Corporation
• Carl-Zeiss Industrial Metrology LLC
• Creaform, Inc.
• CyberOptics Corporation
• FARO Technologies, Inc.
• Hexagon AB
• Jenoptik AG
• Keyence Corporation
• KLA Corporation
• Mitutoyo Corporation
• Nikon Metrology NV
• Perceptron, Inc.
• Renishaw plc
• WENZEL Group GmbH Co. KG
• Zygo Corporation.

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