3D Metrology Market Worth $2,205.4 Million by 2020

DALLAS, July 21, 2015 /PRNewswire/ --

According to a new market research report "3D Metrology Market by Product (CMM, ODS, and VMM), Application (Automotive, Aerospace, Energy & Power, Medical and Electronics) & Geography (North America, Europe, APAC, RoW) - Global Forecast to 2020", published by MarketsandMarkets, the 3D Metrology Market is expected to reach $2,205.4 Million by 2020, at a CAGR of 7.11% from 2015 to 2020.

Browse 69 market data Tables and 60 Figures spread through 177 Pages and in-depth TOC on "3D Metrology Market"

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The 3D metrology is the dimensional analysis method used to measure the object and acquires all surface points of an object including the hidden points such as non-accessible undercuts. This technology is used in the quality control process to ensure the accuracy of manufactured products. 3D metrology is widely used in sectors such as automotive, aerospace, energy & power, and others. The 3D metrology market is expected to reach $2,205.4 Million by 2020, at a CAGR of 7.11% from 2015 to 2020.

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The report segments the 3D Metrology Market on the basis of product, application, and geography. Furthermore, it estimates and forecasts the market, along with analyzing various trends in the same. The market has been segmented based on geography into North America, Europe, APAC, and RoW. These regions have been further split into respective countries which comprise the market for this product. Furthermore, North America has been segmented into the U.S., Canada, and Mexico; Europe comprises the U.K, Germany, France, Italy, Spain, and others; APAC comprises Japan, China, South Korea, and India; and RoW includes the Middle East & Africa, and Latin America. The market overview section of the report includes the drivers, restraints, opportunities, and current market trends along with the technologies expected to revolutionize the said market.

The 3D Metrology Market has been segmented based on application into automotive, aerospace, energy & power, medical, electronics, and others. The market has also been segmented based on product into fixed coordinate measuring machines (CMM), optical digitizers and scanners (ODS), and 3D video measuring machines (VMM).

This report focuses on providing an in-depth insight into the overall 3D Metrology Market, along with detailed market segmentations combined with the qualitative analysis of the market and its segmentation on the basis of product, application, and geography. The said market has been estimated and forecast till 2020, to identify key revenue pockets for the same.

The APAC 3D Metrology Market is expected to reach $682.3 Million by 2020, at a CAGR 7.38 %. The Chinese market for 3D metrology in APAC is expected to grow at a high CAGR during the forecast period.

The major players in the 3D metrology market include Advantest Corporation (Tokyo), Carl Zeiss AG (Germany), FARO Technologies, Inc. (U.S.), GE Measurement & Control Solutions Inc. (U.S.), GOM mbH (Germany), Hexagon AB (Sweden), Nikon Corporation (Japan), Perceptron, Inc. (U.S.), Renishaw Plc (U.K.), and Zygo Corporation (U.S.) among others.

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