Report Id: SNS/SEMI/1470 | May 2022 | Region: Global | 125 Pages
Report Scope & Overview:
3D Metrology Market Size was valued at USD 9.5 billion in 2021, and is expected to reach USD 17.04 billion by 2028, and grow at a CAGR of 8.7% over the forecast period 2022-2028.
The 3D metrology process uses a variety of tools to measure the size and shape of industrial property. 3D scanners, CT scanners, standardized light scanners, a hand-held scanner, laser tracker, central LiDAR center, are some of the most widely used 3D metrology tools on the market. However, advanced technology is integrated with precision tools in the measurement process Vehicles, medical equipment, electronics, and other heavy equipment are all made using 3D metrology technologies.
A high level of accuracy is required to measure or evaluate medical devices such as artificial limbs, implants, dental implants, and other components of medical equipment. In addition, there are hard-to-reach areas of scanning machines, x-rays and CT scans, as well as other medical devices, which require engineering testing and remediation in order to improve the equipment used to make them. Such features enhance the market growth of 3D metrology. In addition, the manufacturing industries are working hard to adhere to world standards, enhancing product quality.
Research and Development.
Advancement in Technology.
High cost for setting-up 3D Technology.
Lack of simplified software solutions.
IMPACT OF COVID-19:
COVID-19 has had a severe impact on the global economy as well as all industries. To stop the plague from spreading, governments in several countries have established borders. The initial phase of the epidemic's global shutdown in many countries has had a significant influence on people's lives and quality of life. As a result, the global supply chain has been shattered. The global economy has shrunk as commodity demand has decreased considerably. Due to the outbreak, which has caused a lack of immature materials, production in all industries has been slowed. Productivity declines are caused by variables such as depreciation and supply chain disruption.
The COVID 19 epidemic has affected the activities of several industries worldwide, which has affected product designers, engineers, and other production processes. 3D scanning has been a major boon among other technology for measuring and product development in manufacturing sectors throughout the epidemic. On the other hand, the demand for medical equipment was growing exponentially during the COVID-19 epidemic, which also had a positive impact on the overall growth of the 3D metrology market. In particular, the need for face masks, mask filters, and life-saving masks was widely used worldwide, which was a key factor in the growth of the 3D metrology industry. However, production units have been completely shut down throughout the epidemic, which has greatly affected the market value of 3D metrology in recent years.
By Product, the 3D metrology market is divided into Coordinate Measuring Machine (CMM), Video Measuring Machine (VMM), Form Measurement, Optical Digitizer and Scanner (ODS), Automated Optical Inspection are used in various metrology service programs such as spatial analysis, gas turbine blade testing, vehicle component testing, vehicle design and style, powertrain components, pilot plant metrology, and aircraft component testing. Laser scanners can scan every part of the geometry for testing and for a few engineering purposes. These scanners offer high accuracy, improved speed, and real-time performance. Therefore, the ODS share is expected to reach high in coming years
Increased adoption of super-speed metrology hardware and software from several different organizations such as medical, architectural information (BIM), automotive, aerospace, archeological research, and restoration adds value to the production process. The development of new portable computer systems such as CMMs, visual systems, systematic light scanners, and laser trackers can be used to perform various quality tests or measurement tests.
By End-User, the 3D metrology market is divided into Aerospace & Defence, Architecture & Construction, Semiconductors & Electronics, Heavy Machinery, Medical, Energy & Power, Mining and automotive parts require the limits of low tolerance and high accuracy. In addition, the need for international quality management standards has contributed to the need for 3D metrology solutions and services.
Half of the cars dominated the market and accounted for 1/4th of the market.The growing demand for high-quality vehicles, as well as fuel-efficient transportation, especially in developing countries, is expected to stimulate demand for 3D metrology. solutions over the next ten years.
In addition, medical devices are required to obtain metrological controls and safety tests, in accordance with the Medical Devices Act. It helps a high level of accuracy in prostheses, implants, dental applications, and an important combination of medical equipment such as X-rays and CT scans that require access to hard-to-reach areas. Therefore, all these industries are expected to gain prominence in the next few years while adhering to strict international quality standards.
The key players in the Global 3D Metrology Market are Exact Metrology, 3D System Corp, Automated Precision, Creaform, Keyence, KLA-Tencor, Mitutoyo Corporation, Carl Zeiss AG, Applied Materials, 3D Digital Corp, GoM, Perceptron, Jenoptik, Nikon Corporation, FARO Technologies, Hexagon AB and Other players.
Coordinate Measuring Machine (CMM)
Video Measuring Machine (VMM)
Optical Digitizer and Scanner (ODS)
Automated Optical Inspection
Quality Control & Inspection
Aerospace & Defence
Architecture & Construction
Semiconductors & Electronics
Energy & Power
3D metrology has been adopted by a variety of industry processes including virtual reality, retractable engineering, product design, quality control, testing, and so on. Industrial growth and favorable economic conditions in the Asia-pacific region have contributed to the full growth of the 3D metrology market in recent years. China is considered to be a leading manufacturer of consumer electronics, food processing, machinery manufacturing, transportation, metallurgy, chemicals, mold design, green molding, and so on. China is therefore expected to see the continued growth of the 3D metrology market.
North America, on the other hand, has many manufacturers of medicines, automobiles, aerospace equipment. In addition, the increase in automation adoption in the automotive industry and development technologies in the region encourages the full growth of the 3D metrology market.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2021||US$ 9.5 Billion|
|Market Size by 2028||US$ 17.04 Billion|
|CAGR||CAGR of 8.7% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• by Offering (Hardware, Software, Services)
• by Product (Coordinate Measuring Machine (CMM), Video Measuring Machine (VMM), Form Measurement, Optical Digitizer and Scanner (ODS), Automated Optical Inspection)
• by Application (Quality Control & Inspection, Virtual Simulation, Reverse Engineering, Other)
• by End-User (Aerospace & Defence, Architecture & Construction, Semiconductors & Electronics, Heavy Machinery, Automotive, Medical, Energy & Power, Mining)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Exact Metrology, 3D System Corp, Automated Precision, Creaform, Keyence, KLA-Tencor, Mitutoyo Corporation, Carl Zeiss AG, Applied Materials, 3D Digital Corp, GoM, Perceptron, Jenoptik, Nikon Corporation, FARO Technologies, Hexagon AB and Other players.|
|Key Drivers||• Research and Development.
• Advancement in Technology.
|Restraints||• High cost for setting-up 3D Technology.
• Complicated process.
Frequently Asked Questions (FAQ) :
The 3D Metrology Market size was valued at 9.5 billion in 2021 at a CAGR of 8.7%.
China is expected to see the continued growth of the 3D metrology market.
Lack of simplified software solutions is the challenging factor in the 3D Metrology Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine-Russia War
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global 3D Metrology Market Segmentation, by Offering
9. Global 3D Metrology Market Segmentation, by product
9.2 Coordinate Measuring Machine (CMM)
9.3 Video Measuring Machine (VMM)
9.4 Form Measurement
9.5 Optical Digitizer and Scanner (ODS)
9.6 Automated Optical Inspection
10. Global 3D Metrology Market Segmentation, by application
10.2 Quality Control & Inspection
10.3 Virtual Simulation
10.4 Reverse Engineering
11. Global 3D Metrology Market Segmentation, by End-User
11.2 Aerospace & Defence
11.3 Architecture & Construction
11.4 Semiconductors & Electronics
11.5 Heavy Machinery
11.8 Energy & Power
13. Regional Analysis
13.2 North America
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4.2 South Korea
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.3 South Africa
13.6 Latin America
13.6.3 Rest of Latin America
14. Company Profiles
14.1 Hexagon AB.
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 Exact Metrology
14.3 3D System Corp
14.4 Automated Precision
14.8 Mitutoyo Corporation
14.9 Carl Zeiss AG
14.10 Applied Materials
14.11 3D Digital Corp
14.15 Nikon Corporation
14.16 FARO Technologies
15. Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.