Scope of the Study
The global 3D metrology market is expected to grow at a significant rate during the forecast period, according to the AMA study. The growing demand for cost-effective on-time production & real-time data analysis and the rising concerns for quality control for end-products of different industries are some of the key driving factors aiding into the growth for the market. Moreover, the rising number of industrial SMEs are also expected to boost the demand for 3D metrology in the near future.
The market study is being classified, by Application (Simulation, Engineering, Quality Control & Inspection and Others) and major geographies with country level break-up.
GOM (Germany), Exact Metrology Inc. (United States), Capture 3D, Inc. (United States), ZEISS International (Germany), 3D Systems, Inc. (United States), FARO Technologies, Inc. (United States), Hexagon AB (Sweden), Nikon Corporation (Japan), CREAFORM (Canada), Perceptron, Inc. (United States), Mitutoyo America Corporation (United States), OLYMPUS CORPORATION (Japan), MISTRAS Group, Inc. (United States), Renishaw plc (United Kingdom) and KLA Corporation (United States) are some of the key players profiled in the study.
The companies in this market are majorly focusing on the development of new and innovative products in order to remain competitive in the global market place. For instance, in March 2019, Faro Technologies announced the launch of its new product OPTOR SERIES 3D SCANNERS for digital dentist operations in the healthcare industry. Research Analyst at AMA predicts that United States Manufacturers will contribute to the maximum growth of Global 3D Metrology market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global 3D Metrology market by Type, Application and Region.
On the basis of geography, the market of 3D Metrology has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Growing Concerns Regarding Quality Control of End Products Across Different End-Use Industries Propelling the Demand for 3D Metrology
- Increasing Demand for Cost-Effective On-Time Production
- Implementation of Artificial Intelligence in 3D Meterology
- High Initial Investment for Setting Up a 3D Metrology Facility
- Implementation of AR & VR in 3D Metrology will Create Huge Opportunities for Market Vendors During the Forecast Period
- The Growing Operations for Industry 4.0
- Need for Highly Skilled Professionals for Handling 3D Metrology Systems & Software
Market Leaders and their expansionary development strategies
In July 2018, Faro Technologies announced that it has completed the acquisition of Opto-Tech s.r.l. and its subsidiary Open Technologies s.r.l. which offers 3D structured light scanning solutions that specifically enable dentists, dental technicians, and orthopedics to leverage the 3D world for the creation of crowns, implants, and prosthesis.
In February 2020, Hexagon announced that its Manufacturing Intelligence division has launched a new product Captura which is an entry-level optical coordinate measuring machine (CMM) and offers intuitive and cost-effective solutions for the multisensor measurement of small to medium parts.
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