3D Metrology Market Comprehensive Study Explores Huge Revenue Scope in Future | Leading Key Players | COVID-19 Effects

[vivek vishwakarma]

Market Overview

Between 2019 to 2025, the 3D Metrology Market is expected to register USD 15 billion at a 9% CAGR. 3D Metrology is an innovative 3D scanning and modeling solution for the engineering industry. It helps the engineering measure the quality of data without any man work involved. With the help of cloud computing, it is proved as one of the fastest speed measuring technology in the industries. 3D Metrology uses many tools to measure the shape and size of organization equipment. Some of the organizations' major 3D metrology tools are 3D scanners, CT scanners, laser trackers, etc. The 3D metrology system is heavily utilized in vehicles, medical devices, and electronic devices. During the pandemic, many sectors faced losses, but the 3D Metrology Market experienced growth due to the extensive use of medical equipment. The growing demand for face masks shields worldwide acts as a driving factor for the market.

The growth in the automotive industry and the use of 3D Metrology in different sectors while manufacturing goods increase the market's growth rate. The use of 3D Metrology in industrial processes like inspection product designing is stimulating the market's growth. Market players are focusing on the newer inventions, contact fewer technologies and creating several opportunities for the growth of the 3D Metrology Market. Many sectors utilize 3D Metrology for testing different tools, measurement, and quality checks of the requirements to enhance the market growth. The continuation of the effect of covid19 is also acting as the growth factor for the market. The availability of skilled professionals and updating the professionals about the usage and procedure proved as a restraining factor for the market. The installment of the 3D Metrology requires high investment and maintenance, and the lengthy procedure also hinders the market from further growth. The slowdown of aerospace and automotive and the economic decline due to pandemics is a huge challenge for the market. The market also faces the challenge of the absence of skilled professionals to operate the technology.

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Market Segment

the 3D Metrology Market is segmented by component, product, application, and end-user. The market is divided into hardware, software, and service based on components. The product segment is segregated by coordinate measuring machine, optical digitizer and scanner, video measuring machine, automated optical inspection and form measurement. The market is divided into quality control and inspection, reverse engineering, virtual simulation, and others based on application. The end-user segment is bifurcated into aerospace and defense, automotive, architecture and construction, medical, electronics, energy and power, heavy machinery market, mining and others.

Regional Analysis

The 3D Metrology Market is spread in different parts of the world: Asia Pacific, North America, Europe, the middle east, and Africa. In 2017 North America held the largest market share. The growing economy, which leads to continuous industrial growth in the Asia Pacific region, makes a favorable condition for the market. China is considered the main hub for manufacturing electronics, food, machinery, transportation and many others. Hence, chins will be leading the market shortly. North America is also experiencing growth due to industries acquiring advancing technologies. The region consists of pharmaceutical, automotive, aerospace, etc., which also possess growth for the 3D Metrology Market.

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Industry News

The Creaform worldwide leader in portable and automated metrology solutions and QFP have recently partnered to further deploy automated quality control solutions.

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