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3D Metrology Market worth $15.01 billion by 2029 - Exclusive Report by MarketsandMarkets™


News provided by

MarketsandMarkets

04 Dec, 2024, 15:15 GMT

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DELRAY BEACH, Fla., Dec. 4, 2024 /PRNewswire/ -- The global 3D metrology market was estimated to be valued at USD 11.13 billion in 2024 and is projected to reach USD 15.01 billion by 2029; it is expected to register a CAGR of 6.2% during the forecast period according to a new report by MarketsandMarkets™. Increasing demand for quality control in various end-use industries, emergence of 5G and IoT-enabled manufacturing, growing adoption of Industry 4.0, rising popularity of AI-based metrology tools, shift from labor-intensive manual inspections to advanced automated optical inspection systems, and growing application of big data analytics in metrology industry are the major factors driving the overall market growth.

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Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=203080758

Browse in-depth TOC on "3D Metrology Market" 
228 – Tables
69 – Figures
357 – Pages

3D Metrology Market Report Scope:

Report Coverage

Details

Market Revenue in 2024

$ 11.13 billion

Estimated Value by 2029

$ 15.01 billion

Growth Rate

Poised to grow at a CAGR of 6.2%

Market Size Available for

2020–2029

Forecast Period

2024–2029

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Coordinate Measuring Machine (CMM), ODS, Form Measurement Equipment, X-ray and CT Equipment, Video Measuring Machine (VMM), End-user and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Complexities of software solutions

Key Market Opportunities

Increasing demand for quality control in emerging industries

Key Market Drivers

Rising adoption of EVs and AVs

By CMM Type, bridge CMM segment to account for the largest market share in 2029.

The bridge CMM segment is expected to lead the market during the forecast period. Bridge CMMs dominate the 3D metrology market due to their superior precision, reliability, and ability to handle diverse measurement tasks, making them ideal for industries requiring meticulous quality control of medium to large-sized components. In addition, better rigidity and higher accuracy are the major factors for adopting bridge CMMs for 3D metrology. Nikon provides bridge CMMs to PMS Diecasting Ltd. (UK) for inspection, thus enabling faster product-to-market and reduced development costs.

By End-use Industry, medical segment is expected to exhibit the highest CAGR between 2024 and 2029.

The medical end-use industry is expected to expand at the highest CAGR in the 3D metrology market. This can be attributed to the requirement for precision while developing implants, prosthetics, and surgical tools. As the number of minimally invasive operations and personal medical devices increases, there is a greater emphasis on improved measuring equipment. Furthermore, an increased focus on quality and safety has also encouraged the use of improved measurement systems in the medical industry.

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North America to hold the second-largest share in the market from 2024 to 2029.

3D metrology industry in North America is predicted to have the second-largest market share throughout the forecast period due to significant growth in the aerospace and military industries, both of which require high levels of precision and quality. The presence of advanced industries and the ongoing investments in R&D of 3D measurement technologies have contributed to the growth of 3D metrology. The automobile sector, particularly in the US, has increased demand as production of electric vehicles has increased, necessitating the use of high-grade metrology systems for assembly and inspection purposes. Companies established in North America, such as FARO (US), KLA Corporation (US), InnovMetric Software (Canada) and Creaform (Canada), contribute to the region's growth.

Key Players-

The key companies offering 3D metrology companies include Hexagon AB (Sweden), ZEISS Group (Germany), FARO (US), Mitutoyo Corporation (Japan), KEYENCE CORPORATION (Japan), KLA Corporation (US), Renishaw plc (UK), and Nikon Corporation (Japan) among others.

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Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

Related Reports: 

Industrial Metrology Market Size, Industry, Share, Growth & Analysis Report by Offering (Hardware, Software, Services), Equipment (CMM, ODS, X-ray, CT), Application, End-User Industry (Aerospace & Defense, Automotive, Manufacturing, Semiconductor) and Region - Global Forecast to 2029

3D Scanners Market by Offering (Hardware, Software, Services), Type (3D Laser Scanners, Structured Light Scanners), Technology (Laser Triangulation, Pattern Fringe, Laser Pulse, Laser Phase-shift), Range, Industry and Region - Global Forecast to 2028

About MarketsandMarkets™

MarketsandMarkets™ has been recognized as one of America's best management consulting firms by Forbes, as per their recent report.

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.

Contact:
Mr. Rohan Salgarkar

MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/3d-metrology-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/3d-metrology.asp

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