3D metrology market for the automotive industry is expected to hold the largest share from 2023 to 2028

The 3D metrology market is valued at USD 11.2 billion in 2023 and is projected to reach USD 16.4 billion by 2028, growing at a CAGR of 8.0% during the forecast period. The growing need for increased production speed by electronics manufacturing services companies, high focus on quality control in the manufacturing sector, increased research and development (R&D) investments, rising use of 3D data for analysis and modeling in various industries are expected to boost the 3D metrology market.

The measuring and analysis of physical things and their geometrical properties utilising cutting-edge 3D scanning and imaging technologies is known as 3D metrology. Applications from a variety of sectors, including aerospace, automotive, medical, and architectural, are included in this market. The growing requirement for precise and accurate measurements in product development, quality control, and inspection procedures has led to a surge in the demand for 3D metrology solutions in recent years. The 3D metrology industry is anticipated to experience considerable growth in the upcoming years due to technological advancement.

There are numerous prospects for growth and expansion in the 3D metrology market. The demand for precise and accurate measurement solutions in manufacturing and production processes has increased as a result of the rising adoption of automation and industry 4.0 technologies. The demand for 3D metrology solutions is also anticipated to increase as new applications in fields like robotics, virtual reality, and augmented reality develop. Additionally, the requirement for quality control and inspection in the healthcare and medical sectors as well as the rising demand for non-destructive testing methods present additional prospects for market expansion. The industry is expected to experience significant expansion over the next few years as more advanced and user-friendly 3D metrology technologies become available.

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Many reasons are propelling the continuous growth of the 3D metrology industry. The widespread use of 3D scanning and imaging technologies in a variety of sectors, including aerospace, automotive, and healthcare, is a key driver of market expansion. The market for 3D metrology has expanded as a result of the requirement for precise and accurate measurements in the processes of product development, quality control, and inspection. Also, these technologies are now more accessible and inexpensive because to the development of more advanced and user-friendly 3D metrology systems, which has further accelerated market expansion. In the upcoming years, it is anticipated that the development of new applications including robots, virtual reality, and augmented reality would further increase demand for 3D metrology solutions. 

The major players operating in the 3D metrology market include Hexagon AB (Sweden), FARO Technologies, Inc. (US), Keyence Corporation (Japan), Jenoptik AG (Germany), Nikon Corporation (Japan), Mitutoyo Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), Perceptron, Inc. (US), Renishaw plc (UK), Creaform (Canada), Baker Hughes Company (US), CyberOptics Corporation (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US), and Metrologic Group (France), among others.

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