The 3D Metrology Market size is projected to reach US$ 22.71 billion by 2031 from US$ 11.56 billion in 2023. The market is expected to register a CAGR of 8.8% in 2023–2031. The growing adoption of cloud computing is likely to remain one of the key 3D metrology market trends.
3D Metrology Market Analysis
The 3D metrology market forecast is estimated on the basis of various secondary and primary research findings such as key company publications, association data, and databases. 3D metrology is the scientific study of physical measurement employing technology capable of producing a complete 3D representation of an object's geometrical shape. 3D metrology uses a variety of technologies, including noncontact structured blue light 3D scanners, tactile coordinate measurement machines (CMMs), and computerized tomography (CT). This 3D metrology equipment collects actual data from physical components, which is then used in 3D metrology software for quality control, accuracy assessment, and numerous part analyses.
3D Metrology Market Overview
3D metrology is a technology used for quality control and other manufacturing or production purposes. In the most popular and efficient type of 3D metrology, stereoscopic cameras are used to precisely scan and measure the part and structured blue light to filter out undesired ambient lighting. These cameras use fringe patterns projected onto the part along with the triangulation technique to calculate the dimensions of the part being scanned. The technology enables a variety of industrial and engineering processes, including prototyping, tooling, machining, and assembling. Furthermore, 3D metrology can assist in cutting costs, enhancing productivity, and improving the quality of processes and products.
In the automotive industry, the demand for 3D metrology is increasing as it helps provide high-quality and high-performance products and processes. Also, the rising demand for high productivity by electronic manufacturers and the need for big data analytics are contributing to the 3D metrology market growth. In addition, the increasing need for 3D metrology in the aviation industry for high precision in designing aircraft components and the rising demand for Industry 4.0 is expected to propel the market growth during the forecast period.
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3D Metrology Market: Strategic Insights
Market Size Value in US$ 11.56 billion in 2023 Market Size Value by US$ 22.71 billion by 2031 Growth rate CAGR of 8.8% in 2023 to 2031 Forecast Period 2023-2031 Base Year 2021
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3D Metrology Market: Strategic Insights
| Market Size Value in | US$ 11.56 billion in 2023 |
| Market Size Value by | US$ 22.71 billion by 2031 |
| Growth rate | CAGR of 8.8% in 2023 to 2031 |
| Forecast Period | 2023-2031 |
| Base Year | 2021 |
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3D Metrology Market Drivers and Opportunities
Rising Requirement for High Productivity by Electronic Manufacturers to Favor Market
Electronic devices—including smartphones, tablets, laptops, wearables devices, and home appliances—have become essential in daily life. The demand for electronic devices is continuously increasing worldwide. Companies are working on automating their production facilities to cater to this rising demand. As automation follows stringent safety regulations and provides superior energy efficiency and better design, resulting in outstanding production levels in factories, its adoption is increasing worldwide. Moreover, automation helps lower process costs and ensure workers' safety in adverse environments. Because of these benefits, governments of various countries are taking several initiatives to automate factories. For instance, in July 2021, the government of the UK announced an investment of US$ 59.3 million (GBP 53 million) to drive the development of digital manufacturing technologies. This growing automation in the electronic manufacturing industry is increasing the demand for 3D metrology as the technology has become essential for process control, overall manufacturing excellence, and product quality. 3D metrology has been integrated into smart electronic manufacturing processes because it is necessary to have precise, actionable, and real-time data in order to maximize output and improve overall efficiency. The technology has become an essential component of the entire production lifecycle in smart electronic manufacturing, going beyond quality control and inspection. It offers a complete solution to monitor and enhance processes at every level, from design and prototype to production and post-manufacturing analysis. Thus, the rising demand for high productivity by electronic manufacturers is boosting the growth of the 3D metrology market worldwide.
Increasing Need for 3D Metrology in Aviation Industry – Opportunity in 3D Metrology
In the harsh conditions that aircraft components face, even minor flaws can result in significant performance reduction. The need for precision grows as aerospace technology advances. Modern technology is becoming more and more crucial because even slight deformations can have a negative impact on an aircraft's overall performance. Engineers are regularly working on monitoring surface defects down to the nanoscale with the help of advanced 3D metrology, which can guarantee maximum performance for their components. The aircraft's airfoil can be measured using 3D metrology. Here, the thickness and camber of even the smallest airfoils may be precisely measured by engineers using blue light scanning or other optical metrology techniques such as Nikon's laser based APDIS. They can also examine how the thickness and camber may fluctuate across the body of the component. By doing this, the producers are able to identify wear on the leading edge of the airfoil. Reducing these flaws improves the behavior of the component because they can have a detrimental effect on how well it performs. Additionally, metrology can be utilized to improve an aircraft's engine's performance. Analyzing the engine's fan and turbine blades helps maximize thrust generation, much as measuring the airfoil. Furthermore, there is room for improvement in the engine housing structure. Even while tiny modifications to the engine's geometry may seem insignificant, they have a direct impact on airflow, which in turn influences the engine's efficiency. Hence, the growing need for 3D metrology in the aviation industry is expected to create an opportunity for the growth of the 3D metrology market during the forecast period.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3D Metrology Market Report Segmentation Analysis
Key segments that contributed to the derivation of the 3D metrology market analysis are product, application, and end user.
- Based on product, the 3D metrology market is divided into hardware, software, and services. Coordinate measuring machine, optical digitizer and scanner, video measuring machine, 3d automated optical inspection, and others are prominent subsegments of hardware. The hardware segment held the largest market share in 2023.
- By application, the market is segmented into reverse engineering, quality control and inspection, virtual simulation, and others. The quality control and inspection segment held the largest share of the market in 2023.
- In terms of end user, the market is bifurcated into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The automotive segment dominated the market in 2023.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
3D Metrology Market Share Analysis by Geography
The geographic scope of the 3D metrology market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
Asia Pacific has dominated the 3D metrology market share. China is the world's largest manufacturing hub; it produces ~36% of the world's electronics, which includes smartphones, computers, cloud servers, and telecom infrastructure. In addition, China is also the second-largest final consumer market for electronic devices after the US. Also, the growing export of tablets, smartphones, drones, and other electronic products by the country is raising the need for 3D metrology as it helps inspect and analyze electronic components and find defects, if any. Furthermore, the country is one of the largest EV manufacturers in the world. The country has a robust manufacturing base for EVs. According to the International Council on Clean Transportation (ICCT) report, the country's fleet of electric buses is more than 400,000. Also, Shenzhen, China's industrial city, has fully electrified its fleet. In addition, in the main manufacturing plant of BYD in China, an electric car is assembled every 90 seconds. Also, in February 2022, Volkswagen announced its plan to build 1 million EVs every year in China from 2023. Thus, the growing adoption and production of EVs is expected to fuel the 3D metrology market growth in China during the forecast period.
3D Metrology Market Report Scope
Report Attributes | Details |
Market Size in 2023 | US$ 11.56 Billion |
Market Size in 2031 | US$ 22.71 Billion |
Global CAGR (2023–2031) | 8.8% |
Historical Data | 2021-2022 |
Forecast Period | 2023–2031 |
Segmental Coverage |
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Regional and Country Coverage |
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Market Leaders and Key Company Profiles |
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3D Metrology Market News and Recent Developments
The 3D metrology market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for 3D Metrology:
- Shining 3D Tech. Co., Ltd., Hangzhou, China, launched AutoScan-Inspec, an automatic desktop 3D inspection system capable of integrating high-accuracy 3D scanning and 3D inspection, designed to improve the efficiency of scanning small and complex parts. (Source: Shining 3D Tech Co Ltd, Press Release, 2020)
- Keyence Corporation announced the release of the VR-6000 3D Optical Profilometer. This high-precision measurement system is designed with a built-in motorized rotational unit, allowing users to take 3D measurements around the circumference of their part without having to worry about blind spots. (Source: Keyence Corporation, Press Release/Company Website/Newsletter, 2022)
3D Metrology Market Report Coverage and Deliverables
The "3D Metrology Market Size and Forecast (2023–2031)" report provides a detailed analysis of the market, covering the areas given below:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter's Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Product, Application, and End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global 3D metrology market was estimated to be US$ 11.56 billion in 2023 and is expected to grow at a CAGR of 8.8% during the forecast period 2023 - 2031.
The increasing demand for 3D metrology in automotive industry and rising requirement for high productivity by electronic manufacturers are the major factors that propel the 3D metrology market.
Growing adoption of cloud computing is anticipated to play a significant role in the global 3D metrology market in the coming years.
The incremental growth expected to be recorded for the global 3D metrology market during the forecast period is US$ 11.16 billion.
The global 3D metrology market is expected to reach US$ 22.72 billion by 2031.
The key players holding majority shares in the global 3D metrology market are Hexagon AB, Nikon Metrology NV, Intertek Group Plc, KEYENCE CORP, and ZEISS.
The List of Companies - 3D Metrology Market
- Hexagon AB
- Nikon Metrology NV
- Creaform Inc
- FARO Technologies Inc
- Artec Europe
- Intertek Group Plc
- Keyence Corp
- Mitutoyo America Corporation
- ZEISS Group
- Shining 3D Tech Co Ltd
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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