The global 3D metrology market will reach USD 7.2 billion by 2031, at a 9.7% CAGR from 2022 to 2031. The market growth is mainly due to the demand for 3D metrology equipment from the automotive and aerospace industries. In addition, the growing trend of miniaturization and the increasing use of 3D printing are also fueling the growth of the 3D metrology market.

IMPACT OF COVID-19 ON THE GLOBAL 3D METROLOGY MARKET

The impact of COVID-19 on the global 3D metrology market is still unknown. However, experts believe that the virus will significantly negatively impact the market. Many companies are now postponing or cancelling their plans to invest in new 3D metrology equipment. In addition, the outbreak of COVID-19 is causing many workers to stay home, which is reducing demand for 3D metrology products and services.

GLOBAL 3D METROLOGY MARKET INFOGRAPHICS

Source: ThinkWise Intelligence Analysis

GLOBAL 3D METROLOGY MARKET DYNAMICS

MARKET DRIVER: HUGE DEMAND FROM AUTOMOTIVE AND AEROSPACE INDUSTRIES

The market is driven by the increasing demand for 3D metrology in the automotive and aerospace industries. The growing demand for 3D printing and the increasing adoption of CAD/CAM software are also contributing to the market's growth. Rising demand for precision and accuracy in manufacturing prompts companies to adopt 3D metrology solutions. The increasing investment in R&D by companies is also propelling the market's growth. However, the high cost of 3D metrology solutions may hamper the market's growth.

MARKET RESTRAINT: HIGH COST AND LACK OF SKILLED LABOR

The high cost of 3D metrology systems is restraining the growth of this market. The high cost of these systems is due to the need for advanced sensors, software, and hardware. In addition, the lack of skilled personnel is also restraining the growth of this market.

KEY TRENDS IN THE GLOBAL 3D METROLOGY MARKET

GLOBAL 3D METROLOGY MARKET TRENDS, BY COMPONENT

"During the projected period, the hardware segment will dominate throughout the forecast period."

The global 3D metrology market is segmented by component into hardware, software, and services. The hardware segment is the most significant revenue contributor to the global 3D metrology market. The software segment is expected to grow at the highest CAGR during the forecast period. The services segment accounted for the smallest share of the global 3D metrology market in 2021.

The hardware segment is further sub-segmented into scanners, coordinate measuring machines (CMM), and gages and probes. The scanners sub-segment accounted for the majority of the hardware segment in 2021. This can be attributed to the increasing demand for portable scanning devices from various end-use industries such as automotive and aerospace.

The software segment is sub-segmented into CAD/CAM software, reverse engineering software, point cloud processing software, and others.

GLOBAL 3D METROLOGY MARKET TRENDS, BY END-USE

"Till 2031, the global 3D metrology market for the automotive industry is anticipated to dominate across the globe."

The 3D metrology market for the automobile industry is expected to be the largest in 2031. The growing desire for lightweight and fuel-efficient automobiles has accelerated the adoption of 3D metrology technologies in the automotive industry. The aerospace & defence industry is expected to grow at the highest CAGR during the forecast period.

GLOBAL 3D METROLOGY MARKET TRENDS, BY REGION

" Asia-Pacific 3D Metrology Market is likely to dominate throughout the forecast period."

As the global 3D metrology market grows, the Asia-Pacific region is quickly becoming a leading region for this technology. Driven by strong economic growth and increasing demand for quality products, the Asia-Pacific 3D metrology market will dominate until 2031.

Several factors, including the increased usage of 3D scanning and measurement in the automotive and aerospace industries, contribute to this expansion. In addition, the growing demand for factory automation and the rising popularity of 3D printing is also fueling demand for 3D metrology tools.

As the region's economies grow, they invest in new industrial facilities and technologies that necessitate modern metrology solutions.

COMPETITIVE LANDSCAPE IN THE GLOBAL 3D METROLOGY MARKET

Key players in the global 3D metrology market are Hexagon AB, Faro Technologies, Nikon Metrology NV, and Trimble Navigation Ltd. Hexagon AB is a world leader in 3D metrology, with a significant presence in the automotive and aerospace industries. Coordinate measurement machines (CMMs), optical scanners, and laser trackers are among the products available from the company. Faro Technologies is another major player in the 3D metrology market with a strong focus on the medical and dental industry. The company supplies a wide range of equipment, including portable CMMs, optical scanners, and laser scanning systems. Nikon Metrology NV is another critical player in the 3D metrology market with a strong focus on the automotive and aerospace industries.

RECENT DEVELOPMENTS IN THE GLOBAL 3D METROLOGY MARKET

• Hexagon AB is one of the leading providers of 3D metrology solutions. The company has been making acquisitions to expand its product portfolio. In 2016, Hexagon acquired Maptek Pty Ltd., a scanning and surveying solutions provider. This acquisition helped Hexagon to strengthen its position in the mining industry.

CHAPTER 1.    INTRODUCTION
1.1.    KEY OBJECTIVES OF THE STUDY
1.2.    MARKET SCOPE & DEFINITION
1.2.1.    MARKET SEGMENTATION
1.3.    REPORT DESCRIPTION
1.4.    LIMITATIONS
1.5.    STAKEHOLDERS FOR PRIMARY INTERVIEWS

CHAPTER 2.    RESEARCH METHODOLOGY
2.1.    DATA EXPLORATION
2.1.1.    PRIMARY DATA
2.1.1.1.    DATA SOURCES
2.1.1.2.    KEY DATA COLLECTED
2.1.2.    SECONDARY DATA
2.1.2.1.    DATA SOURCES
2.1.2.2.    KEY DATA COLLECTED
2.2.    MARKET SIZE ESTIMATION
2.2.1.    TOP-DOWN APPROACH
2.2.2.    BOTTOM-UP APPROACH
2.3.    DATA BREAKDOWN & TRIANGULATION
2.4.    ASSUMPTIONS & FORECAST PARAMETERS

CHAPTER 3.    EXECUTIVE SUMMARY

CHAPTER 4.    THINKWISE INTELLIGENCE EXCLUSIVE INSIGHTS
4.1.    MARKET ATTRACTIVENESS, BY COMPONENT
4.2.    MARKET ATTRACTIVENESS, BY END-USE
4.3.    MARKET ATTRACTIVENESS, BY REGION

CHAPTER 5.    MARKET OVERVIEW
5.1.    INTRODUCTION
5.2.    GROWTH IMPACT FORCES
5.2.1.    DRIVERS
5.2.2.    RESTRAINTS
5.2.3.    OPPORTUNITIES
5.2.4.    THREATS
5.3.    MARKET ECOSYSTEM & VALUE CHAIN
5.3.1.    ECOSYSTEM ANALYSIS
5.3.1.1.    IMPACT OF COVID-19 ON THE MARKET ECOSYSTEM
5.3.2.    VALUE CHAIN ANALYSIS
5.3.2.1.    IMPACT OF COVID-19 ON THE MARKET VALUE CHAIN
5.4.    INNOVATION & SUSTAINABILITY MATRICES
5.4.1.    PATENT MATRIX
5.4.2.    REGULATORY MATRIX
5.5.    PORTER’S FIVE FORCES ANALYSIS
5.5.1.    BARGAINING POWER OF SUPPLIERS
5.5.2.    BARGAINING POWER OF CONSUMERS
5.5.3.    THREAT OF SUBSTITUTES
5.5.4.    THREAT OF NEW-ENTRANTS
5.5.5.    COMPETITIVE RIVALRY INTENSITY
5.6.    PESTLE ANALYSIS
5.6.1.    POLITICAL
5.6.2.    ECONOMICAL
5.6.3.    SOCIAL
5.6.4.    TECHNOLOGICAL
5.6.5.    ENVIRONMENTAL
5.7.    IMPACT OF COVID-19 ON GLOBAL INDUSTRY SUGAR MARKET
5.7.1.    PRE-COVID MARKET SCENARIO
5.7.2.    POST-COVID MARKET SCENARIO

CHAPTER 6.    GLOBAL 3D METROLOGY MARKET ANALYSIS, BY COMPONENT
6.1.    INTRODUCTION
6.1.1.    HARDWARE
6.1.2.    SOFTWARE
6.1.3.    SERVICES

CHAPTER 7.    GLOBAL 3D METROLOGY MARKET ANALYSIS, BY END-USE
7.1.    INTRODUCTION
7.1.1.    AEROSPACE
7.1.2.    AUTOMOTIVE
7.1.3.    CONSTRUCTION
7.1.4.    HEALTHCARE
7.1.5.    MANUFACTURING
7.1.6.    OTHERS

CHAPTER 8.    GLOBAL 3D METROLOGY MARKET ANALYSIS, BY REGION
8.1.    INTRODUCTION
8.1.1.    NORTH AMERICA
8.1.1.1.    UNITED STATES (U.S.)
8.1.1.2.    CANADA
8.1.1.3.    MEXICO
8.1.2.    SOUTH AMERICA
8.1.2.1.    ARGENTINA
8.1.2.2.    BRAZIL
8.1.2.3.    COLOMBIA
8.1.2.4.    REST OF SOUTH AMERICA
8.1.3.    EUROPE
8.1.3.1.    GERMANY
8.1.3.2.    FRANCE
8.1.3.3.    UNITED KINGDOM (UK)
8.1.3.4.    RUSSIA
8.1.3.5.    SPAIN
8.1.3.6.    ITALY
8.1.3.7.    SWITZERLAND
8.1.3.8.    REST OF EUROPE
8.1.4.    ASIA-PACIFIC
8.1.4.1.    CHINA
8.1.4.2.    JAPAN
8.1.4.3.    INDIA
8.1.4.4.    SOUTH KOREA
8.1.4.5.    AUSTRALIA
8.1.4.6.    INDONESIA
8.1.4.7.    SINGAPORE
8.1.4.8.    MALAYSIA
8.1.4.9.    REST OF ASIA-PACIFIC
8.1.5.    MIDDLE EAST
8.1.5.1.    EGYPT
8.1.5.2.    KUWAIT
8.1.5.3.    SAUDI ARABIA
8.1.5.4.    UNITED ARAB EMIRATES (UAE)
8.1.5.5.    REST OF MIDDLE EAST
8.1.6.    AFRICA
8.1.6.1.    EGYPT
8.1.6.2.    NIGERIA
8.1.6.3.    SOUTH AFRICA
8.1.6.4.    REST OF AFRICA

CHAPTER 9.    COMPETITIVE LANDSCAPE
9.1.    TOP WINNING STRATEGIES
9.1.1.    BY STRATEGY
9.1.2.    BY REGION
9.1.3.    BY YEAR
9.2.    COMPETITIVE HEATMAP
9.3.    PRODUCT BENCHMARKING
9.4.    STRATEGIC BENCHMARKING
9.4.1.    MERGERS & ACQUISITIONS
9.4.2.    STRATEGIC PARTNERSHIPS & COLLABORATIONS

CHAPTER 10.    PLAYER BENCHMARKING
10.1.    3D SYSTEMS, INC.
10.1.1.    BUSINESS OVERVIEW
10.1.2.    PRODUCT OFFERINGS
10.1.3.    FINANCIAL OVERVIEW
10.1.4.    STRATEGIC BENCHMARKING
10.1.5.    SWOT ANALYSIS
10.2.    API METROLOGY
10.2.1.    BUSINESS OVERVIEW
10.2.2.    PRODUCT OFFERINGS
10.2.3.    FINANCIAL OVERVIEW
10.2.4.    STRATEGIC BENCHMARKING
10.2.5.    SWOT ANALYSIS
10.3.    APPLIED MATERIALS
10.3.1.    BUSINESS OVERVIEW
10.3.2.    PRODUCT OFFERINGS
10.3.3.    FINANCIAL OVERVIEW
10.3.4.    STRATEGIC BENCHMARKING
10.3.5.    SWOT ANALYSIS
10.4.    FARO TECHNOLOGIES, INC.
10.4.1.    BUSINESS OVERVIEW
10.4.2.    PRODUCT OFFERINGS
10.4.3.    FINANCIAL OVERVIEW
10.4.4.    STRATEGIC BENCHMARKING
10.4.5.    SWOT ANALYSIS
10.5.    HEXAGON AB
10.5.1.    BUSINESS OVERVIEW
10.5.2.    PRODUCT OFFERINGS
10.5.3.    FINANCIAL OVERVIEW
10.5.4.    STRATEGIC BENCHMARKING
10.5.5.    SWOT ANALYSIS
10.6.    KEYENCE CORPORATION
10.6.1.    BUSINESS OVERVIEW
10.6.2.    PRODUCT OFFERINGS
10.6.3.    FINANCIAL OVERVIEW
10.6.4.    STRATEGIC BENCHMARKING
10.6.5.    SWOT ANALYSIS
10.7.    KLA CORPORATION
10.7.1.    BUSINESS OVERVIEW
10.7.2.    PRODUCT OFFERINGS
10.7.3.    FINANCIAL OVERVIEW
10.7.4.    STRATEGIC BENCHMARKING
10.7.5.    SWOT ANALYSIS
10.8.    NIKON CORPORATION
10.8.1.    BUSINESS OVERVIEW
10.8.2.    PRODUCT OFFERINGS
10.8.3.    FINANCIAL OVERVIEW
10.8.4.    STRATEGIC BENCHMARKING
10.8.5.    SWOT ANALYSIS
10.9.    PRECEPTRON, INC.
10.9.1.    BUSINESS OVERVIEW
10.9.2.    PRODUCT OFFERINGS
10.9.3.    FINANCIAL OVERVIEW
10.9.4.    STRATEGIC BENCHMARKING
10.9.5.    SWOT ANALYSIS
10.10.    ZEISS INTERNATIONAL
10.10.1.    BUSINESS OVERVIEW
10.10.2.    PRODUCT OFFERINGS
10.10.3.    FINANCIAL OVERVIEW
10.10.4.    STRATEGIC BENCHMARKING
10.10.5.    SWOT ANALYSIS

CHAPTER 11.    APPENDIX
11.1.    PREMIUM INSIGHTS FROM INDUSTRY EXPERTS
11.2.    RELATED REPORTS