According to the research report titled ‘Global 3D Metrology Market Size Study, By Offerings (Hardware, Software and Services), By Product Type (Coordinate measuring machines, Optical digitizer and scanner, Video measuring machine, 3d automated optical inspection system and Others), By Applications (Reverse engineering, Virtual simulation, Quality control and inspection and Others) and Regional Forecasts 2021-2027’, available with Market Study Report, global 3D metrology market was worth USD 12.73 billion in 2019 and is expected to register 7.25% CAGR with a valuation of USD 21.42 billion over 2021-2027.
 

Surging disposable income leading to surge in demand of novel appliances and luxury items is a prime growth catalyst for worldwide 3D metrology industry. Introduction of customized transportable metrology equipment and adoption of software deployed automation techniques are further propelling the marketspace.
 

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For instance, Zeiss eMobility Solutions was launched by Carl Zeiss AG in May 2019 that included metrology and inspection solutions with regards to electric motor, power electronics, battery, and powertrain in hybrid, hydrogen, and electric cell vehicles.
 

It is to be noted that 3D metrology system helps in attaining meticulous and exact 3D measurements using advanced technology. Numerous business verticals like energy & power, automotive, construction, heavy machinery, aerospace, and engineering are acclimating to this technology to retain the quality of product, which coupled with emergence of Industry 4.0 are driving the market outlook.
 

On the contrary, dearth of simplified software solutions is likely to hamper the growth of worldwide 3D metrology market.

 

Based on product gamut, the marketspace is divided into 3D automated optical inspection system, video measuring machines, optical digitizer & scanner, coordinate measuring machines, and others. Speaking of offering, the industry includes services, hardware, and software. In terms of application scope, 3D metrology industry is divided into quality control & inspection, virtual simulation, reverse engineering, and others.
 

Regionally, North America acquired major market share in the past year, owing to availability of automotive, aerospace, and pharmaceutical equipment manufacturers in the region. Parallelly, Asia Pacific market is expected to register a significant growth rate over the forecast duration 2020-2027, since numerous manufacturing firms along with automakers operate in this region.  

The competitive landscape of worldwide 3D metrology industry is defined by companies such as Creaform, Nikon Corporation, FARO Technologies Inc., Mitutoyo Corporation, Hexagon AB, Renishaw plc, Carl Zeiss AG, KLA Corporation, Keyence Corporation, and Jenoptik AG among others.