The 3D metrology market is predicted to increase significantly at an 8.5% CAGR during the forecast period. The market is expected to reach USD 24.53 billion by 2033. In 2023, the global demand for 3D metrology is likely to surpass USD 10.85 billion.
Engineers and designers can rapidly collect high-quality data on their products using a 3D measuring scanner, which eliminates the need for human labor. High demand for metrology scanners in the engineering industry shows a favorable growth rate for the global market.
High-end Infrastructure Projects Require Effective 3D Metrology Solutions
The demand for 3D metrology is anticipated to rise as 3D data volumes for modeling and analysis across Architecture, Engineering, and Construction (AEC) organizations increase. AEC companies heavily rely on 3D metrology services to create accurate models quickly and affordably.
To inspect substantial project sites, 3D metrology devices like optical detectors and 3D automated optical inspection (AOI) systems are frequently used in the construction industry. The growth of the 3D metrology sector is supported by the emergence of smart cities, as well as the spike in infrastructure projects and investments.
The development of the services segment in the market for 3D metrology is significantly influenced by the adoption of Industry 4.0. Physical asset digitization and integration into digital ecosystems with multiple value chain actors are key components of Industry 4.0.
Significant improvements in portable metrology technology and software-driven process automation have also contributed to the market's growth. Increased demand for luxury products brought on by rising disposable income in developing economies and those with low GDP is anticipated to drive the need for 3D metrology systems.
| Attributes | Details |
|---|---|
| 3D Metrology Market CAGR (2023 to 2033) | 8.5% |
| 3D Metrology Market Size (2023) | USD 10.85 billion |
| 3D Metrology Market Size (2033) | USD 24.53 billion |
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The development of 3D metrology technology is growing due to new high-tech measuring tools, including optical digitizers and scanners (ODS) and automated optical inspection sensor technologies. It instantly lessens the need for traditional measurement methods like coordinate measuring machines (CMM).
| Particulars | Short-term Growth |
|---|---|
| Market Value | 2023: USD 10.85 billion 2026: USD 13.86 billion |
| Growth Factor | Several businesses are principally concentrating on the caliber of the products produced through accurate measurement using cutting-edge 3D metrology techniques and tooling. |
| Particulars | Medium-term Growth |
|---|---|
| Market Value | 2027: USD 15.04 billion 2030: USD 19.21 billion |
| Growth Factor | Many improvements in engine technology are likely to develop over this time as a result of consumer preferences for safety, strict government requirements, and scientific advancements. |
| Particulars | Long-term Growth |
|---|---|
| Market Value | 2031: USD 20.84 billion 2033: USD 24.53 billion |
| Growth Factor | The overall time required for new launches, as well as the price of product development, are both decreased by the 3D metrology method. As a result, long-term costs for important players have decreased. |
The industry has expanded significantly over the years, from a valuation of USD 7.3 billion in 2018 to USD 10 billion in 2022, owing to all these developments. Market CAGR increased from 8.1% (2018 to 2022) to 8.5% (2023 to 2033).
Principal Consultant
By 2033, it is anticipated that the United States 3D metrology sector is likely to have a valuation of USD 10 billion. With a significant presence in the automotive and aerospace industries, the United States is one of the key manufacturing hubs in the globe.
Growing adoption of smart manufacturing trends and the presence of key suppliers of aerospace equipment like Boeing Co., General Dynamics Corp., Lockheed Martin Corp., and Raytheon Technologies Inc. promote the growth of the sector.
With significant public and commercial investments in additive manufacturing for the improvement of the aviation sector, the demand for 3D metrology is further anticipated to expand.
China is the global leader in the production of industrial goods, such as steel, chemicals, iron, transportation, consumer goods, food processing, and equipment. In order to inspect power generation components, industrial and power generation applications like forging inspection, raw casting, die, and mold design, 3D metrology is used.
It has significant growth within the projection period, according to FMI. China has the most sophisticated manufacturing facility in the world and is quickly integrating cutting-edge technology. Such as reverse engineering and virtual simulation into its routine manufacturing process, which accelerates the country's adoption of new products.
To expand the market, some top essential companies are implementing a variety of business methods, including partnerships, acquisitions, and business expansion. Moreover, China is a key location for producing CMM machine sensors globally, which also fuels market expansion.
Due to the country's significant penetration of the automotive and aerospace industries, France topped the market in Europe in 2022 and is predicted to expand over the projection period. Germany is also anticipated to see a high CAGR throughout the projection period as a result of the presence of sizable manufacturing facilities there.
In 2022, the market was dominated by the hardware component, with a share of more than 50%. Medical, aerospace, automotive, and construction are just a few of the industries that are embracing hardware equipment in a big way.
To maintain product quality and high efficiency throughout the production process, top manufacturers are concentrating on research and development expenditures in cutting-edge 3D metrology hardware solutions.
To assure higher quality inspection, several hardware items are being quickly employed in manufacturing plants. Including structured-light scanners, vision systems, CMMs, and laser trackers.
Coordinate measuring machines (CMM) and 3D Automated Optical Inspection (AOI) systems make up the hardware sector. The market size for CMM hardware components is anticipated to grow at a rate of over 10% between 2023 and 2033. Owing to the expanding demand from auto and aerospace manufacturers for sophisticated quality control methods.
Due to the desire for more exact final products, quality control, and inspection services are increasingly in demand in the manufacturing and automotive industries. Any object or task that a physical instrument cannot adequately reach is easily compatible with 3D metrology.
Items like coordinate measuring machines are frequently used in the automotive, aerospace, and defense industries for quality control and inspection. The segment with the significant CAGR in the anticipated year is, however, the virtual simulation segment. The use of virtual simulation technology may be boosted by the growing use of wireless connection devices.
By 2033, the automotive end-use segment's 3D metrology market is expected to be worth more than USD 5 billion. The global demand for high-end, fuel-efficient vehicles is growing, which accelerates the implementation of 3D metrology technology.
Due to strict pollution regulations and the increased emphasis on carbon footprint reduction, electric mobility, and autonomous or driverless vehicles have significantly gained ground in recent years.
The creation of ground-breaking, IoT-enabled, end-to-end 3D object detection systems that are compatible with sensor technologies like LiDAR and RGB cameras installed in autonomous cars. Therefore, it presents significant commercial opportunities for those involved in the 3D metrology sector.
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One of the important techniques used by businesses to keep a firm presence in the market is to concentrate on effective product launches. In the 3D metrology sector, there are several different regional and local businesses.
3D metrology market players engage in strong competition over factors such as performance, quality, pricing, innovation, and distribution strategies. Businesses are also investing in research and development projects to produce new products and expand their product lines in order to suit the shifting wants of consumers.
Partnerships, collaborations, mergers, and acquisitions are commonly used by businesses to increase their global footprint and solidify their market positions.
Recent Developments
The 3d metrology market CAGR for 2033 is 8.5%.
The market is valued at USD 10.85 billion in 2023.
The projected market value of the market for 2033 is USD 24.53 billion.
Key players are developing the market by introducing new and innovative solutions.
Hexagon AB, FARO Technologies, and Carl Zeiss AG are key market players.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 5.1. Hardware 5.2. Software 5.3. Services 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 6.1. Quality Control & Inspection 6.2. Reverse Engineering 6.3. Virtual Simulation 6.4. 3D Scanning 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Electronics 7.2. Architecture & Construction 7.3. Aerospace & Defence 7.4. Industrial 7.5. Automotive 7.6. Others 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Applied Materials, Inc. 18.2. Automated Precision, Inc. 18.3. Baker Hughes Company 18.4. Bruker 18.5. Carmar Accuracy Co. Ltd. 18.6. CyberOptics 18.7. FARO Technologies, Inc. 18.8. GOM Metrology 18.9. Keyence Corporation 18.10. Novacam Technologies, Inc. 19. Assumptions & Acronyms Used 20. Research Methodology
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3D Metrology Market
