3D Metrology Market Size, Growth Opportunities, Outlook Report, 2021-2028

by Oliver Smith Sr. SEO Executive

According to the GMI Research the 3D Metrology Market size will propel over the forecast period. This is because of the intensified investment for production facilities owing to the less labor cost and the surging demand for production of mechanized component.

Introduction of the 3D Metrology Market

3D metrology refers to the technology used to compute dimensions such as height, length, distance of three-dimensional objects. It is a measurement that transforms the précised model into architectural videos and images for enhanced results. It is a transpiring technique used to estimate and solution for various industries such as aerospace, automotive, defense, and semiconductor. It helps producer to supervise the quality and the effectiveness of the components required to create the required industrial products.  

Key Players of Market:

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3D Metrology Market Dynamics

3D metrology is the most rapid and convenient mode to compute dimensions of the components, acquired by several industries. Thus, the  augmenting demand for accurate and material features to fabricate quality items across various industry verticals, such as, aerospace, automotive, defense, and consumer electronics as a result of increasing industrialization and globalization have fueled the growth of the global 3D metrology market. In addition, the increasing introduction of modern technology-based instruments by the major market players to expand industrial demand has stimulated the market growth. For example, Xtura AB, in 2021, introduced Inova Robotics’ adjustable unified robot for mechanized highly accurate examination, emphasizing users for its reconfigurable solution in industries such as automotive, aerospace, and heavy engineering.

However, the excessive capital required for the production of definite and particular testing equipment and increasing agitation concerned with the requirement of educate workforce to function 3D metrology instruments will hinder the 3d Metrology Market Share.

Product Segment Drivers

Hardware on the basis of product segment is projected to dominate the market during the coming years. This is because of the evolving demand for error- free dimensional components in aerospace, automotive, and defense industries as well as intensified support from government for novel manufacturing plants across the globe. For instance, Kinetic Green, an electric vehicles producer, in 2020, decided to build a production facility for the production of electric golf carts in Andhra Pradesh, India. The projects include USD 236.27 million to erect a manufacturing provision for a battery swapping unit. It resulted in massive demand for hardware to measure and examine the vehicle components and other parts.

Component Segment Drivers

Depending on the component, a coordinate measuring machine is anticipated to maintain its supremacy in the market over the forecast period. This is because of the aggravating demand for production of mechanized elements with a boost in demand for précised pieces, fuelling the Global 3D Metrology Market Size. According to the India Brand Equity Foundation Organization, the producers of mechanized component in India touched nearly USD 33.26 Billion in the 2020’s first quarter. It resulted in huge demand for a coordinate measuring machine to measure the components accurately and precisely.

3D Metrology Market Segmentation:

Segmentation by Product

·         Optical Digitizer and Scanner

·         Video Measuring Machine

·         Coordinate Measuring Machine

·         3D Automated Optical Inspection System

Segmentation by Component

·         Hardware

·         Software

·         Services

Segmentation by Application

·         Reverse Engineering

·         Virtual Simulation

·         Quality Control & Inspection

·         Others

Segmentation by End-Users

·         Automotive

·         Energy & Power

·         Architecture & Construction

·         Aerospace & Defence

·         Electronics

·         Others

Segmentation by Region:

·         Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·         Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·         North America

o   United States of America

o   Canada

·         RoW

o   UAE

o   Brazil

o   South Africa

o   Saudi Arabia

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Created on Dec 2nd 2021 06:44. Viewed 210 times.

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