The Drivers And Opportunities For The 3D Metrology Market

Posted June 29, 2022 by prashantvi

The 3D metrology market is projected to grow from USD 10.6 billion in 2022 and is projected to reach USD 15.9 billion by 2027; it is expected to grow at a CAGR of 8.4 % from 2022 to 2027.
The 3D Metrology Market is projected to grow from USD 10.6 billion in 2022 and is projected to reach USD 15.9 billion by 2027; it is expected to grow at a CAGR of 8.4 % from 2022 to 2027.
The growing use of 3D data for modeling and analysis in various industries, increased research and development (R&D) investments in 3D metrology is expected to fuel the growth of the 3D metrology market.

Robotic laser metrology is a new technology that is revolutionizing the manufacturing inspection processes. Typically leveraging a six-axis robotic arm and innovative laser radar technology, this type of metrology offers high productivity, speed, and accuracy in part inspections. Robotic laser metrology is widely used in the automotive, aviation, space, and defense industries and can be deployed in a wide range of settings. For complex, hard-to-reach, and/or manually intensive inspection applications, this technology delivers bottom-line results.

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The market for services type segment is expected to exhibit higher growth during the forecast period. The 3D metrology market for services offering is expected to grow at the highest CAGR from 2021 to 2026. The high cost incurred in setting up a 3D metrology facility and the lack of 3D metrology experts are the major factors for the growth of the market for 3D metrology services. Manufacturing companies are outsourcing their 3D metrology measurement and inspection work to service providers to achieve short measuring times, reduced measurement uncertainty, and process stability, thereby driving the 3D metrology services market.

The market for quality control & inspection application segment is expected to grow at the highest CAGR during the forecast period. The increasing competition and need for improving safety in industrial operations have resulted in the high adoption of quality control and inspection systems in various industries, including automotive, aerospace & defense, and semiconductors. In these industries, maintaining and enhancing the quality of a product is of high importance. Automotive and aerospace & defense are the major industries where 3D metrology is used for quality control and inspection. These attributes are expected to result in a higher growth rate of deployment of 3D metrology offerings thereby providing lucrative opportunity for the 3D metrology companies during the forecast period.

In terms of geographic coverage, the 3D metrology market has been segmented into 4 regions, namely, North America, Europe, APAC and Rest of the World (RoW). The market in APAC is expected to record the highest growth rate during the forecast period, primarily due to countries such as China, Japan and India contributing to the overall market share significantly.

3D metrology companies are expanding their presence in APAC, where China, Japan, and India are expected to be the major countries driving the growth of the 3D metrology market. Funding for R&D and an extensive industrial base are some of the major factors that make APAC a dynamic region for 3D metrology, with China and Japan being the major contributors.

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Issued By marketsandmarkets
Country United States
Categories Semiconductors
Tags 3d metrology market
Last Updated June 29, 2022