Global 3D Metrology Market Size to Reach USD 21.12 Billion in 2032 | Emergen Research

Emergen Research

Increasing usage of 3D data for modeling and analyzing is a major factor driving 3D Metrology Market revenue growth

Vancouver, Oct. 25, 2023 (GLOBE NEWSWIRE) -- The global Three-Dimensional (3D) metrology market size is expected to reach USD 21.12 Billion in 2032 and register a steady revenue CAGR of 7.6% during the forecast period, according to the latest analysis by Emergen Research. Rising demand for 3D metrology in the aerospace sector is a key factor driving market revenue growth. In the aerospace sector, 3D metrology is used to design, manufacture, and repair aircraft components and systems such as engines, wings, fuselage, and landing gear. In addition, increasing strategic initiatives taken by major companies is another key factor driving revenue growth of the market. For instance, on 27 June 2023, Creaform, an AMETEK business unit, and global leader in portable 3D measurement solutions and engineering services, announced the release of a new version of VXintegrity, its solution for surface damage assessments that is available to all Non-Destructive Testing (NDT) service companies across multiple industries. VXintegrity, was created to address the needs of asset owners in various industries, including aerospace, Oil & Gas (O&G), power production, and mining.

Moreover, technological advancements and Research & Development (R&D) in 3D metrology are also expected to drive market revenue growth during the forecast period. For instance, on 12 April 2023, InnovMetric, the software development company that empowers manufacturers of every size to digitally transform their 3D measurement processes, announced the launch of PolyWorks 2023. The PolyWorks universal 3D metrology platform included a digital ecosystem integrated into the four phases of a manufacturing organization's global dimensional management process such as product design, process design, validation, and production. Similarly, on 9 January 2021, InnovMetric Software Inc. and its business partner, Pawel Kosiarz, launched PolyWorks Polska to increase sales of the PolyWorks smart 3D metrology digital ecosystem in Poland. Pawel Kosiarz and his colleagues have supplied entire PolyWorks technical services in Poland, contributing considerably to the solution's rising popularity among Polish manufacturing businesses. However, high cost of implementing 3D metrology systems is a key factor, which could restrain market revenue growth. This cost includes acquiring hardware and software, training personnel, and maintaining the equipment.

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Scope of Research

Report Details	Outcome
Market Size in 2022	USD 10.21 Billion
CAGR (2023–2032)	7.6%
Revenue Forecast To 2032	USD 21.12 Billion
Base Year For Estimation	2022
Historical Data	2019–2021
Forecast Period	2023–2032
Quantitative Units	Revenue in USD Billion and CAGR in % from 2023 to 2032
Report Coverage	Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered	Product type, offering, application, end-use, and region
Regional Scope	North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope	U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled	Hexagon AB, FARO, Nikon Corporation, Mitutoyo America Corporation, KLA Corporation, Perceptron, Inc., Renishaw plc, CREAFORM, Baker Hughes Company, CyberOptics, Trimble Inc., 3D Systems, Inc., Automated Precision Inc. (API), Metrologic Group, Applied Materials, Inc., Zygo Corporation, Jenoptik, WENZEL Group, Shining3D, and LMI TECHNOLOGIES INC.
Customization Scope	10 hours of free customization and expert consultation

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Major Companies and Competitive Landscape

The global 3D metrology market is fragmented with large and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the global Three-Dimensional (3D) metrology market report are:

• Hexagon AB

• FARO

• Nikon Corporation

• Mitutoyo America Corporation

• KLA Corporation

• Perceptron, Inc.

• Renishaw plc.

• CREAFORM

• Baker Hughes Company

• CyberOptics

• Trimble Inc.

• 3D Systems, Inc.

• Automated Precision Inc. (API)

• Metrologic Group

• Applied Materials, Inc.

• Zygo Corporation

• Jenoptik

• WENZEL Group

• Shining3D

• LMI TECHNOLOGIES INC.

Strategic Development

• On 5 July 2023, Snowbird Technologies announced a collaboration with Creaform, a developer of 3D measurement tools. Snowbird intends to offer the MetraSCAN 3D Optical CMM scanner, VXinspect software, and Polyworks software solutions, as well as expand on the SAMM Tech Additive Manufacturing platform, which allows users to reverse engineer obsolete or missing parts to ensure continued operations and mission readiness. The MetraSCAN 3D optical CMM scanner is specifically developed for manufacturing and enduring various industrial settings and environmental instability, making it well suited to the needs of people using transportable SAMM Tech Additive Manufacturing platform.

• On 31 January 2023, SMARTTECH3D announced a global cooperation with Oqton, a software company owned by 3D Systems that provides industry-leading software solutions based on 3D scan data for inspection and reverse engineering. Combining SMARTTECH3D high-resolution 3D scanners with both Geomagic Control X and Geomagic Design X provides customers from various industries with a complete solution for automated inspection and obtaining optimal 3D models for automotive, national heritage preservation, education, and many other applications.

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Some Key Highlights From the Report

• The coordinate measuring machine segment accounted for a largest revenue share in the global 3D metrology market in 2022. This is due to rising demand for precision measurements in industries such as aerospace, automotive, and high-tech manufacturing. 3D coordinate measuring equipment provides accuracy, automation, and repeatability. In addition, 3D coordinate measuring machines can measure complex geometries and deliver extensive information on the physical dimensions of an object, which is also expected to drive revenue growth of this segment.

• The hardware segment is expected to register steadily fast revenue growth rate in the global 3D metrology market during the forecast period. This is due to rising demand for hardware-based 3D metrology systems since these are capable of achieving high levels of accuracy in measurements, which is essential in industries such as aerospace, automotive, and manufacturing. These systems are used for quality control, reverse engineering, product development, and inspection. Many hardware-based 3D metrology systems are designed for quick and efficient measurements, which as a result help to improve productivity in manufacturing processes and reduce inspection.

• The construction & architecture segment is expected to account for significantly large revenue share in the global 3D metrology market during the forecast period. This is due to rising demand for 3D scanning in the design and construction industries as it can save time and money while also improving accuracy. One of the major benefits of 3D scanning is the ability to capture extremely precise and accurate information about a construction site, which is utilized to produce a digital model of the site and for various applications ranging from design and planning to documentation and as-built drawings. 3D scanning helps to speed up the construction process by enhancing communication among all stakeholders and delivering reliable information about the site and its current circumstances.

• The Asia Pacific market accounted for largest revenue share in the global 3D metrology market in 2022. This is due to rising usage of 3D data for modeling and analyzing, which as a result ensures that products meet quality standards, hence improving the overall product performance. Moreover, rising demand for 3D metrology in the aerospace and automotive sectors is another factor driving market revenue growth of this region during the forecast period.

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For the purpose of this report, Emergen Research has segmented the global 3D m metrology market on the basis of product type, offering, application, end-use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019–2032)

  • Coordinate Measuring Machine

  • Optical Digitizer & Scanner

  • Video Measuring Machine

  • 3D Automated Optical Inspection System

  • Form Measurement

  • Others

• Offering Outlook (Revenue, USD Billion; 2019–2032)

  • Hardware

  • Software

  • Services

    • After Sales Service

    • Software as a Service (SaaS)

    • Storage as service

    • Measurement Services

• Application Outlook (Revenue, USD Billion; 2019–2032)

  • Quality Control & Inspection

  • Reverse Engineering

  • Virtual Simulation & Modeling

  • Surface Analysis

  • Dimensional Analysis

• End-use Outlook (Revenue, USD Billion; 2019–2032)

  • Automotive

  • Aerospace & Defense

  • Manufacturing

  • Medical & Healthcare:

  • Construction & Architecture

  • Energy & Power

  • Consumer Electronics

  • Geospatial & Geographic Information System (GIS)

  • Others

• Regional Outlook (Revenue, USD Billion; 2019–2032)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Spain

    • BENELUX

    • Rest of Europe

  • Asia Pacific

    • China

    • India

    • Japan

    • South Korea

    • Rest of APAC

  • Latin America

    • Brazil

    • Rest of LATAM

  • Middle East & Africa

    • Saudi Arabia

    • UAE

    • Israel

    • Rest of Middle East & Africa

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