3D Metrology Market : Advancements and Opportunities for Growth
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.
One of the key drivers of the 3D metrology market is the increasing demand for quality control and inspection solutions in manufacturing industries such as automotive, aerospace, and medical devices. In these industries, accuracy and precision are critical to ensuring product quality, safety, and compliance with regulatory requirements.
Another factor driving the growth of the 3D metrology market is the rapid advancement of technology, such as the development of automated and non-contact measurement systems. These solutions offer faster and more accurate measurements, reducing the need for manual intervention and increasing efficiency and productivity.
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The market for 3D metrology is divided into types, applications, and end-use industries. The market includes coordinate measuring machines (CMM), optical, and laser devices. The market covers reverse engineering, virtual simulation, and quality control and inspection as applications. The market contains segments for the automotive, aerospace, medical devices, and other end-use industries.
One of the main end-users of 3D metrology systems is the automotive sector, which necessitates accurate measurement and inspection of parts and components to guarantee that quality and safety criteria are met. Application areas for 3D metrology in the aerospace sector include dimensional inspection, surface analysis, and reverse engineering.
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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