North America held significant share of 3D metrology market in 2021 and is expected to follow the trend by 2027

The 3D metrology market is projected to grow from USD 10.6 billion in 2022 to reach USD 15.9 billion by 2027 ; it is expected to grow at a Compound Annual Growth Rate (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.

 “North America held significant share of 3D metrology market in 2021 and is expected to follow the trend by 2027”

North America is expected to account for the largest share of the 3D metrology market during the forecast period. High demand for 3D metrology products from automobile and aerospace & defense industries is one of the major growth factors for the North American 3D metrology market. Several companies offering 3D metrology products, including FARO Technologies (US), Hexagon (Sweden), Nikon Corporation (Japan), and Zeiss Group (Germany), have a presence in this region, which further adds to the growth of the regional 3D metrology market

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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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Key players in the 3D metrology market include Hexagon (Sweden), FARO Technologies (US), Nikon Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), KEYENCE (Japan), Jenoptik (Germany), Renishaw (UK), Mitutoyo Corporation (Japan), Creaform (Canada), GOM (Germany), CHOTEST TECHNOLOGY INC. (China). Apart from these, CyberOptics Corp. (US), Trimble, Inc. (US), SGS Group (Switzerland), Ikustec (Spain), Perceptron, Inc (US), 3D Systems (US), Automated Precision, Inc. (API) (US), CARMAR ACCURACY CO., LTD (Taiwan), Intertek Group Plc (UK), Bruker (US), Shining 3D (China), InnovMetric Software Inc (Canada), Artec 3D (US), Metrologic Group (Sweden), AccuScan (Ireland), Capture 3D (US), Polyrix (Canada) are among a few emerging companies in the 3D metrology market.

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