Increasing Demand for 3D Metrology in Automotive Industry to Boost 3D Metrology Market Growth
According to our latest study titled “3D Metrology Market Forecast to 2031 – Global and Regional Share, Trend, and Growth Opportunity Analysis – by Product, Application, and End User,” the market is projected to grow from US$ 11.56 billion in 2023 to US$ 22.71 billion by 2031; it is estimated to register a CAGR of 8.8% from 2023-2031. The rising requirement for high productivity by electronic manufacturers is one of the factors contributing to the growing 3D metrology market size.
In the automotive sector, quality control is crucial to attain top-tier manufacturing. Metrological tools are becoming increasingly popular in the automotive industry because the sector ensures precision in manufactured components by offering precise measurements and consistent data for a tighter, better, and more regulated production line. To speed up design and development, the automotive industry uses optical 3D metrology equipment instead of conventional instruments such as accelerometers, strain gauges, and extensometers. These noncontact instruments are employed in several tests, such as fatigue, impact, crash, wind tunnel, and climatic chamber tests. The seamless and straightforward integration of the devices into the current test stands and facilities has become especially important for global automakers such as Audi, Volkswagen, Porsche, and BMW. Furthermore, the surface and shape criteria for pistons used in automotive shock absorbers must be accurate. Here, the optical 3D metrology approach offers quick, highly reproducible 3D data of the entire surface in a matter of seconds from any angle. Moreover, optical 3D metrology devices are used by the automotive industry to expedite the design and simulation processes. In addition to helping with root cause analysis, 3D optical metrology identifies anomalous behavior in components, such as grating noises, vibrations, and complex motions. The obtained measurements offer valuable insights for quickly refining the design and development of a product. Hence, the demand for 3D metrology devices is increasing in the automotive industry, driving the growth of the market. Further, the growing adoption of cloud computing is expected to bring new 3D metrology market trends in the coming years.
3D Metrology Market – by Region, 2021 and 2031
3D Metrology Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product [Hardware (Coordinate Measuring Machine, Optical Digitizer and Scanner, Video Measuring Machine, 3D Automated Optical Inspection, and Others), Services, and Software], Application (Quality Control and Inspection, Reverse Engineering, Virtual Simulation, and Others), End User (Automotive, Electronics, Aerospace and Defense, Medical, Energy and Power, Heavy Machinery, and Others), and Geography
3D Metrology Market Size and Share Outlook 2031
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Source: The Insight Partners Analysis
The 3D metrology market analysis has been carried out by considering the following segments: product, application, and end user. Based on product, the market is segmented into hardware, services, and software. Based on application, the market is segmented into reverse engineering, quality control and inspection, virtual simulation, and others. Based on end user, the market is segmented into energy and power, aerospace and defense, electronics, automotive, heavy machinery, medical, and others. The automotive segment held the largest 3D metrology market share in 2023.
The scope of the 3D metrology market report is primarily divided into North America (the US, Canada, and Mexico), Europe (Spain, the UK, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), the Middle East & Africa (South Africa, Saudi Arabia, UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America). Asia Pacific accounted for the largest 3D metrology market share in 2023. Geographically, the APAC automatic door sensor market is segmented into China, India, Japan, Australia, South Korea, and the Rest of APAC. APAC encompasses China, Japan, South Korea, India, Australia, and the Rest of APAC. The demand for electronic products is increasing worldwide. This is raising the need to increase productivity in the electronic manufacturing sector. Hence, to expand their manufacturing capabilities, various countries in the region are taking several initiatives. According to Nikkei Inc., the Chinese government invested ~US$ 327 billion till 2023 to expand the country's domestic electronic market. Similarly, the Indian government is also expanding the electronics market in the country. According to the Indian budget for 2023–2024, the government of India allocated US$ 200 million to the Ministry of Electronics and Information Technology, marking a 40% year-on-year increase. In addition, the Indian government also provides various schemes to boost the electronics sector, which include the Production Linked Incentive (PLI) Schemes, the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS), and the Modified Electronics Manufacturing Cluster (EMC 2.0) Scheme. Thus, the increase in government initiatives to promote the electronic manufacturing sector is expected to fuel the 3D metrology market growth in APAC.
Hexagon AB, Nikon Metrology NV, Creaform Inc, FARO Technologies Inc, Artec Europe, Intertek Group Plc, Mitutoyo Corporation, KEYENCE CORP, Shining3D, and ZEISS are among the key players profiled in the 3D metrology market report.
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