3D Metrology Market Dynamics: Emerging Technologies and Their Impact on Industry
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 modelling in various industries are
expected to boost the 3D metrology market.
Key Drivers of the 3D Metrology Market
- Demand
for Precision and Quality Control: As industries strive for higher
precision and quality, the need for accurate measurement systems has
become critical. 3D metrology provides detailed data that helps in
detecting defects, ensuring compliance with specifications, and improving
overall product quality.
- Advancements
in Technology: Innovations in 3D metrology technology, such as the
development of high-resolution sensors, advanced software algorithms, and
real-time data processing capabilities, are driving market growth. These
advancements enhance the accuracy, speed, and versatility of 3D
measurement systems.
- Growth
in Manufacturing and Production: The expansion of manufacturing
activities across various industries, including automotive, aerospace, and
electronics, is increasing the demand for 3D metrology solutions. These
systems are essential for quality assurance and optimizing production processes.
- Rising
Adoption of Industry 4.0: The integration of 3D metrology with
Industry 4.0 technologies, such as the Internet of Things (IoT) and
automation, is transforming the manufacturing landscape. Smart metrology
systems that can communicate with other devices and systems are driving efficiency
and accuracy.
- Increasing
Complexity of Products: As products become more complex and require
tighter tolerances, traditional measurement techniques are often
inadequate. 3D metrology provides the capability to measure and analyze
intricate geometries that are challenging to assess with conventional methods.
- Focus
on Research and Development: The emphasis on innovation and R&D in
various industries is driving the need for advanced measurement tools. 3D
metrology supports product development by providing precise data for
design validation and optimization.
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Market Challenges
- High
Initial Costs: The cost of acquiring and implementing advanced 3D
metrology systems can be significant. The investment required for
high-precision equipment and software may be a barrier for smaller
companies or those with limited budgets.
- Integration
with Existing Systems: Integrating new 3D metrology systems with
existing manufacturing and quality control processes can be complex.
Ensuring compatibility and seamless operation requires careful planning
and expertise.
- Data
Management and Analysis: The large volumes of data generated by 3D
metrology systems can be challenging to manage and analyze. Effective data
handling and interpretation are crucial for deriving actionable insights
and improving processes.
- Technological
Complexity: The advanced technology involved in 3D metrology requires
skilled personnel for operation and maintenance. The complexity of the
systems can pose challenges in terms of training and expertise.
3D metrology market for the automotive industry is
expected to hold the largest share from 2023 to 2028
In 2022, the automotive segment accounted for the largest
share of the 3D metrology market and is expected to hold its dominant position
throughout the forecast period. 3D metrology is required in the automotive
industry for the inspection, measurement, and quality checking of various
components. The automotive industry is increasingly using optical measurement
systems and CMMs instead of conventional strain gauges, accelerometers,
transducers, and extensometers for improving the safety and comfort level of a
vehicle. For example, Cyberoptics (US) supplied a multinational automotive
supplier with CyberOptics SQ3000 3D AOI System for fast, accurate, and reliable
inspection technology. This benefitted the automotive supplier with a lowered
escape rate, cost savings through early defect detection, and reduced operator
costs.
Coordinate measuring machines to account for the largest
market share during the forecast period
The key factors responsible for the larger market share of
the coordinate measuring machine segment are rising need for precision
dimensional analysis and validation of geometric accuracy in the manufacturing,
aerospace & defense, and automotive sectors followed by medical,
electronics, energy & power, and heavy machinery industries for maintaining
product quality. The growth of the this segment can also be attributed to the
growing demand for non-contact CMMs for quality control and inspection applications
in above mentioned industries.
US is expected to account for the largest share in North
America in 2023
The US is expected to account for the largest share of ~77%
of the 3D metrology market in North America in 2023. The presence of several
automobile manufacturers, research institutes, and large semiconductor
companies in this region has increased the demand for 3D metrology equipment.
The sales of 3D metrology equipment are expected to rise in key industrial
segments in North America, including automotive, aerospace & defense,
medical, and heavy machinery. In the US, various 3D metrology systems are used
for different applications, such as quality control and inspection, reverse
engineering, and virtual simulation, across verticals such as automotive and,
aerospace & defense. The US is among the first countries to adopt 3D
metrology in new and emerging applications such as entertainment, forensics,
and crime scene investigation.
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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