According to a new report Global 3D Metrology Market, published by KBV Research, The Global 3D Metrology Market size is expected to reach $17.3 billion by 2025, rising at a market growth of 9.4% CAGR during the forecast period. The Hardware market dominated the Global 3D Metrology Market by Offering 2018, and would continue to be a dominant market till 2025; growing at a CAGR of 8.5 % during the forecast period. The Software market is expected to witness a CAGR of 10.2% during (2019 - 2025). Additionally, The Services market is expected to witness highest CAGR of 11% during (2019 - 2025).
During the forecast period, CMM products are expected to represent the largest market size of the 3D metrology market. A CMM can achieve high precision and accuracy in measuring. The significant benefits of a CMM over standard gaging techniques are increased flexibility, decreased set-up time, improved precision, and increased productivity. The Optical Digitizer and Scanner (ODS) market is expected to witness a CAGR of 9.1% during (2019 - 2025). Additionally, The Automated Optical Inspection market is expected to witness highest CAGR of 10.1% during (2019 - 2025).
The Aerospace & Defense market dominated the Global 3D Metrology Market by End User 2018, growing at a CAGR of 7.7 % during the forecast period. Aircraft production and assembly requires a high degree of precision in which 3D metrology plays a crucial role. 3D metrology procedures are used in the aerospace industry to produce precise components such as frames, wings, sub-assemblies, simulators, test beds, and motors. The Automotive market is expected to witness a CAGR of 8.6% during (2019 - 2025). The Heavy Machinery Industry market is expected to witness a CAGR of 10.5% during (2019 - 2025). Additionally, The Electronics market is expected to witness highest CAGR of 12.5% during (2019 - 2025).
Full Report:https://www.kbvresearch.com/3d-metrology-market/
The North America market dominated the Global 3D Metrology Market by Region 2018, growing at a CAGR of 7.8 % during the forecast period. The Europe market is expected to witness a CAGR of 8.6% during (2019 - 2025). Additionally, The Asia Pacific market is expected to witness a CAGR of 11.1% during (2019 - 2025). During the production phase, automotive and electronics companies use 3D metrology technologies for quality checks; as the amount of automotive manufacturing plants in APAC is higher than in other areas, the demand for 3D metrology services is anticipated to expand quickly in this region. The section of services includes a broad variety of services including after-sales services, service storage, service software, and measurement services.
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of FARO Technologies, Inc., Creaform, Inc., Carl Zeiss AG, 3D Digital Corporation, 3D Systems Corporation, Nikon Metrology NV (Nikon Corporation), Keyence Corporation, Automated Precision, Inc., Applied Materials, Inc. and Perceptron, Inc.
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