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3D Metrology Market to reach a market size of $17.3 billion by 2025




 

According to a new report Global 3D Metrology Market, published by KBV Research, The Global 3D Metrology Market size is expected to reach $17.3 billion by 2025, rising at a market growth of 9.4% CAGR during the forecast period. The Hardware market dominated the Global 3D Metrology Market by Offering 2018, and would continue to be a dominant market till 2025; growing at a CAGR of 8.5 % during the forecast period. The Software market is expected to witness a CAGR of 10.2% during (2019-2025). Additionally, The Services market is expected to witness highest CAGR of 11% during (2019-2025).

During the forecast period, CMM products are expected to represent the largest market size of the 3D metrology market. A CMM can achieve high precision and accuracy in measuring. The significant benefits of a CMM over standard gaging techniques are increased flexibility, decreased set-up time, improved precision, and increased productivity. The Optical Digitizer and Scanner (ODS) market is expected to witness a CAGR of 9.1% during (2019-2025). Additionally, The Automated Optical Inspection market is expected to witness highest CAGR of 10.1% during (2019-2025).

The Aerospace & Defense market dominated the Global 3D Metrology Market by End User 2018, growing at a CAGR of 7.7 % during the forecast period. Aircraft production and assembly requires a high degree of precision in which 3D metrology plays a crucial role. 3D metrology procedures are used in the aerospace industry to produce precise components such as frames, wings, sub-assemblies, simulators, test beds, and motors. The Automotive market is expected to witness a CAGR of 8.6% during (2019-2025). The Heavy Machinery Industry market is expected to witness a CAGR of 10.5% during (2019-2025). Additionally, The Electronics market is expected to witness highest CAGR of 12.5% during (2019-2025).

Full Report: https://www.kbvresearch.com/3d-metrology-market/

The North America market dominated the Global 3D Metrology Market by Region 2018, growing at a CAGR of 7.8 % during the forecast period. The Europe market is expected to witness a CAGR of 8.6% during (2019 – 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.1% during (2019 – 2025). During the production phase, automotive and electronics companies use 3D metrology technologies for quality checks; as the amount of automotive manufacturing plants in APAC is higher than in other areas, the demand for 3D metrology services is anticipated to expand quickly in this region. The section of services includes a broad variety of services including after-sales services, service storage, service software, and measurement services.

The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of FARO Technologies, Inc., Creaform, Inc., Carl Zeiss AG, 3D Digital Corporation, 3D Systems Corporation, Nikon Metrology NV (Nikon Corporation), Keyence Corporation, Automated Precision, Inc., Applied Materials, Inc. and Perceptron, Inc.

Recent Strategies Deployed in 3D Metrology Market

? Product Launches:

Jul-2019: Keyence introduced New 4K Ultra-High Accuracy Microscope in order to enhance the measuring capabilities.
Jun-2019: Nikon released CMM-Manager 3.9 for improving 3D scene and CAD display and measuring systems.
May-2019: FARO launched FARO CAM2 2019 metrology software platform for enabling the users to realize highest level of measurement performance in a variety of manufacturing industries.
Apr-2019: Creaform introduced HandySCAN BLACK, third-generation version of Creaforms patented metrology-grade scanner in order to capture the accurate dimensional measurements of the physical objects.
Apr-2019: 3D Systems expanded its reach to Italy by opening a new advanced manufacturing center in Pinerolo.
Mar-2019: Creaform launched Cube-R 3D Scanning CMM in Japan for providing services to company\-\-s 3D measurement solutions.
Mar-2019: GoM, a subsidiary of Zeiss has expanded its global reach by opening a new hub in Shanghai in order to deliver its solutions to the Southeast Asian Countries.
Mar-2019: Keyence released new VL Series of 3D Scanner CMM in order to deliver 360 degree measurement and provides fully-traceable measurements of ?10 μm accuracy with 2 ?m repeatability.
Dec-2019: Zeiss launched SPECTRUM CMM, bridge-type coordinate measuring machine (CMM) for handling the measurement applications easily.
Dec-2019: Perceptron launched V7 automated metrology scanner which is used for non-destructive testing.
Nov-2019: Zeiss expanded its reach to US by opening a new service center in Illinois in order to offer measuring services support and project management.
Oct-2019: FARO introduced FARO Laser Trackers, the 6DoF Vantage product family with 6Probe in order to meet the demand of measurement whether large or small.
Aug-2019: FARO released Faro PrizmTM, next generation of Laser Line Probes (LLP) which has the features of scanning in high resolution and 3D color for metrology applications.
Aug-2019: Nikon launched NEXIV VMZ-H3030, CNC Video Measuring System in order to measure precision samples.
Aug-2019: Nikon introduced CMM-Manager 3.8 for CMM, portable measuring and iNEXIV for precision measurements.
Apr-2019: Creaform announced the launch of CUBE-R, a new generation of complete turnkey automated dimensional inspection solution in order to dimensionally measure the parts which range from 1 to 3 m with metrology-grade volumetric accuracy in real-life shop-floor conditions.
Apr-2019: Automated Precision expanded its reach to US by opening a new division in Texas for enhancing its precision measurement business.

? Acquisitions:

Jul-2019: Automated Precision acquired Exact Laser Measurements in order to enhance its capabilities in metrology solutions.
Jul-2019: FARO acquired Opto-Tech SRL and Open Technologies SRL in order to enhance its business capabilities in scanning and metrology.

? Partnerships, Collaborations and Agreements:

Aug-2019: 3D Systems has signed partnership agreement with GF Machining Solutions in order to launch Geomagic Control X 2020 which has powerful inspection capabilities.
Apr-2019: GoM, a subsidiary of Zeiss collaborated with two new distributors, CAD MicroSolutions and 1Source Metrology in order to expand its footprint to Canada by offering its metrology and other solutions to the Canadian market.
Apr-2019: Creaform came into partnership with Metrologic Group in order to integrate its new CUBE-R 3D automated dimensional inspection solution with Metrologic Groups software suite for quality control in manufacturing companies.
Feb-2019: Nikon came into partnership with Roush Yates Engines in order to deliver metrology solutions.

Scope of the 3D Metrology Market Analysis

Market Segmentation:

By Offering

Hardware
Software
Services

By Product

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

By Application

Quality Control and Inspection
Reverse Engineering
Virtual Simulation
Other Applications

By End User

Aerospace & Defense
Automotive
Heavy Machinery Industry
Electronics
Architecture & Construction
Mining
Other

By Geography

North America

US
Canada
Mexico
Restof North America

Europe

Germany
UK
France
Russia
Spain
Italy
Rest of Europe

Asia Pacific

China
Japan
India
SouthKorea
Singapore
Malaysia
Rest of Asia Pacific

LAMEA

Brazil
Argentina
UAE
SaudiArabia
SouthAfrica
Nigeria
Rest of LAMEA

Companies Profiled

FARO Technologies, Inc.
Creaform, Inc.
Carl Zeiss AG
3D Digital Corporation
3D Systems Corporation
Nikon Metrology NV (Nikon Corporation)
Keyence Corporation
Automated Precision, Inc.
Applied Materials, Inc.
Perceptron, Inc.

3D Metrology Market Related Reports:

North America Market
Europe Market
Asia Pacific Market
LAMEA Market





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