Summary
3D Metrology Market Research Report by Product (3D Automated Optical Inspection System, Coordinate Measuring Machine, and Optical Digitizer & Scanner), Application, End User, Region - Cumulative Impact of COVID-19, Russia Ukraine Conflict, and High Inflation - Global Forecast 2023-2030
The Global 3D Metrology Market size was estimated at USD 13.45 billion in 2022 and expected to reach USD 14.65 billion in 2023, projecting growth at a CAGR of 10.82% to reach USD 30.62 billion by 2030.
Market Statistics:
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make better decisions. In this report, the years 2018 to 2021 are considered as historical years, 2022 as the base year, 2023 as the estimated year, and years from 2024 to 2030 are considered as the forecast period.
Cumulative Impact of COVID-19:
The COVID-19 pandemic had a major impact on the global markets, including the 3D metrology market. Companies in the 3D metrology sector have been forced to adapt and find new ways to operate during these uncertain times. Manufacturers are looking at ways to automate processes previously done by laborers. Additionally, many companies are turning toward digital solutions such as 3D scanning or virtual reality (VR) simulations to minimize physical contact between customers and employees. These changes have allowed companies in this sector to remain competitive while adjusting their operations to comply with safety protocols put into place due to COVID-19.
Cumulative Impact of Russia-Ukraine Conflict:
The Russia-Ukraine conflict has also affected the market for 3D metrology. This conflict has disrupted supply chains and export restrictions, affecting businesses in multiple European industries, including those involved with 3D metrology equipment. In addition, there has been an increased demand for domestic products due to political uncertainty surrounding this conflict. This has led some businesses in this sector to focus more on domestic production than international imports to ensure smoother operations despite current geopolitical conditions.
Cumulative Impact of High Inflation:
High inflation levels had an impact on the market for 3D metrology. Companies operating within the market need access to reliable data and accurate measurements to stay competitive within their respective markets. However, high inflation is difficult for market players to obtain these resources due to rising prices. Additionally, high inflation can decrease consumer spending power, affecting both sales and revenue generated by businesses operating within this sector.
Market Dynamics:
The market dynamics represent the ever-shifting landscape of the Global 3D Metrology Market by providing actionable insights into supply and demand levels. Taking such factors into account helps inform strategies, investments, and future developments to capitalize on opportunities or avoid potential pitfalls related to political, geographical, technical, social, and economic conditions. Such market observations also highlight consumer behaviors while influencing both manufacturing costs as well as consumer purchasing decisions.
- Drivers
- Increasing utilization of 3D technologies for scanning and modeling across electronics manufacturing
- Rising demand for higher productivity and quality product development in automotive sector
- Supportive government initiatives and investments towards Industry 4.0
- Restraints
- High costs of product installation and maintenance
- Opportunities
- Advancements in 3D metrology techniques to improve manufacturing abilities
- Significant adoption of 3D metrology solutions in aerospace and heavy machinery manufacturing
- Challenges
- Limited availability of skilled professionals to handle 3D metrology systems
Market Segmentation & Coverage:
- Based on Product, the market is studied across 3D Automated Optical Inspection System, Coordinate Measuring Machine, Optical Digitizer & Scanner, and Video Measuring Machine.
- Based on Application, the market is studied across Quality Control & Inspection, Reverse Engineering, and Virtual Simulation.
- Based on End User, the market is studied across Aerospace & Defense, Architecture & Construction, Automotive, Electronics, Energy & Power, Geospatial, Heavy Machinery, and Medical.
- Based on Region, the market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom.
This research report categorizes the Global 3D Metrology Market in order to forecast the revenues and analyze the trends in each of the following sub-markets:
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global 3D Metrology Market, including 3D Systems Corporation, Applied Materials, Inc., Automated Precision, Inc., Baker Hughes Company, Bruker Corporation, Carl Zeiss AG, Chotest Technology Inc., CyberOptics Corporation by Nordson Corporation, Exact Metrology by In-Place Machining Company, LLC, Faro Technologies, Inc., Hexagon AB, Intertek Group PLC, JENOPTIK AG, KEYENCE CORPORATION, KLA Corporation, Metrologic Group SAS, Mitutoyo Corporation, Nikon Corporation, Perceptron Inc. by Atlas Copco Group, Renishaw PLC, SGS SA, Shining 3D Tech Co., Ltd., Trimble Inc., WENZEL Group GmbH & Co. KG, and Zygo Corporation by AMETEK, Inc..
The report provides insights on the following pointers:
- Market Penetration: Provides comprehensive information on the market offered by the key players
- Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
- Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
- Market Trends: Provides comprehensive understanding of the Cumulative Impact of COVID-19, the Russia-Ukraine Conflict, and the High Inflation
- Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
- Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
- What is the market size and forecast of the Global 3D Metrology Market?
- What are the inhibiting factors and impact of COVID-19 shaping the Global 3D Metrology Market during the forecast period?
- Which are the products/segments/applications/areas to invest in over the forecast period in the Global 3D Metrology Market?
- What is the competitive strategic window for opportunities in the Global 3D Metrology Market?
- What are the technology trends and regulatory frameworks in the Global 3D Metrology Market?
- What is the market share of the leading vendors in the Global 3D Metrology Market?
- What modes and strategic moves are considered suitable for entering the Global 3D Metrology Market?
