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3D Metrology Market Analysis
- Report ID: GMI5482
- Published Date: Mar 2023
- Report Format: PDF
3D Metrology Market Analysis
The hardware component segment accounted for more than 50% share of the 3D metrology market in 2022. Hardware equipment are witnessing thriving adoption across a multitude of business verticals including medical, aerospace, automotive, and construction. Thus, leading manufacturers are focusing on R&D investments in advanced 3D metrology hardware systems to ensure product quality and high efficiency throughout the production process. Several hardware products such as structured-light scanners, CMMs, vision systems, and laser trackers are also rapidly deployed in manufacturing facilities to ensure superior quality inspection.
The hardware segment consists of Coordinate Measuring Machines (CMM), and 3D Automated Optical Inspection (AOI) Systems. The market size from the CMM hardware component segment is projected to register over 10% CAGR from 2023-2032 owing to the surging demand for advanced quality control techniques from automobile and aerospace manufacturers.
3D metrology market valuation from automotive end-use segment is estimated to reach over USD 5 billion by 2032. The surging demand for fuel-efficient and high-end vehicles worldwide will spur the adoption of 3D metrology technology. Over the last few years, electric mobility and autonomous or driverless vehicles have gained substantial momentum due to stringent emission norms and the growing emphasis on the reduction of carbon footprint. The development of groundbreaking smart IoT-enabled end-to-end 3D object detection systems compatible with sensor technologies such as LiDAR and RGB cameras embedded in autonomous vehicles will hence offer lucrative business prospects for the 3D metrology industry players.
North America 3D metrology market size is poised to surpass USD 10 billion by 2032. North America is one of the prominent manufacturing hubs in the world with the solid footprint of automotive and aerospace manufacturers. Rapid penetration of smart factory trends and the presence of leading aerospace equipment manufacturers such as Boeing Co, General Dynamics Corp, Lockheed Martin Corp, and Raytheon Technologies Corp will support the industry expansion. With hefty public and private investments in additive manufacturing for the enhancement of the aviation sector, the demand for 3D metrology is further predicted to rise.
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3D Metrology Market Scope
