3D Metrology Market 2021 Industry Growth Analysis by Key Players, Segments, Competitive Landscape and Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for 3D Metrology Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Metrology Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023

3D Metrology is an emerging measurement solution among various industries, as it enables manufacturers to monitor the quality and efficiency of the components required to build the desired industrial products. These measuring systems are used for a wide range of measurement tasks, namely analyzing the surface, shape, and dimension of the machine parts and tools at every stage of the manufacturing process. Coordinate measuring machine (CMM), optical digitizers & scanners and 3D x-ray/ CT inspection systems are widely used products to measure dimensions, temperature and humidity of a component during manufacturing and assembling processes.

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Major market players namely Hexagon AB, Carl Zeiss, Nikon 3D Metrology, Faro Technologies and others provide 3D Metrology services. Among them, Carl Zeiss, a leading 3D Metrology solution provider manufactures coordinate measuring machines (CMM) to serve the automotive market.The changing consumer demand for industrial products and the growing technological advancement in measurement techniques has developed the need for more precise and accurate industrial products. To provide products with assured quality and longer durability, automotive, aerospace, packaging, electronics and mechanical engineering industries are implementing 3D Metrology solutions widely. Automotive is the largest end-user segment in 3D Metrology market.

High demand by industry manufacturers to introduce 3D techniques in robots configured with accuracy measuring program is supporting the 3D metrology measurement process. It also helps in reducing human errors during the process, in turn, adding to the future market growth of 3D metrology.

Global 3D Metrology Market Analysis & Forecast, from 2016-2022

• To provide a detailed analysis of the market structure, along with the forecast of the various segments and sub-segments of the 3D metrology market
• To provide insights into factors affecting the market growth
• To analyze the 3D metrology market based on Porter’s five force analysis
• To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia Pacific, and Rest of the World
• To provide country-level analysis of the market concerning the current market size and future prospects
• To provide country-level analysis of the market for a segment on the basis of technology, product, and end-users
• To provide strategic profiling of key players in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
• To track and analyze competitive developments, such as joint ventures, strategic alliances, mergers & acquisitions, new product developments, and research & developments in the 3D metrology market
Key Findings
• The global 3D metrology market is expected to reach USD ~8 billion by 2022
• By technology, the 3D profilometry segment has dominated the market in 2015 and is estimated to grow at a rate of 11.66% CAGR
• By product, coordinate measuring machine (CMM) segment has dominated the market in 2016 and is estimated to grow at a rate of 10.98% CAGR
• By end-user, automotive has dominated the market in 2016 and is estimated to grow at a rate of 10.56% CAGR
• Geographically, Europe region has been projected to hold the largest market share in global 3D metrology market, followed by North America and Asia Pacific, respectively

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Key Players

The prominent players in the 3D metrology market are Hexagon AB, Mitutoyo Corporation, Carl Zeiss, Nikon Metrology, Bruker Corporation, Olympus Corporation, Keyence Corporation, KLA-Tencor Corporation, AMETEK, Cyber Optics, Wenzel, and others.

Regional Analysis of 3D metrology Market Estimation and Forecast
The global 3D metrology market is estimated to grow at a promising rate in the upcoming years. Europe is the leading region followed by North America, Asia Pacific, and Rest of the World. Growing adoption of robotics in automation, energy harvesting, and semiconductor wafer inspection is majorly responsible for driving the growth of 3D metrology market.
The reports cover regional analysis:

• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o The U.K
o France
o Rest of Europe
• Asia Pacific
o China
o Japan
o South Korea
o India
o Rest of Asia Pacific
• Rest of the World
Target Audience
• Technology investors
• Research institutes
• System Integrators
• Research/Consultancy firms
• 3D Metrology Product & Device Manufacturers
• Original Technology Designers & Suppliers
• Raw Material Suppliers
• Integrated Device Manufacturers (IDMS)
• Original Device Manufacturers (ODMS)
• Original Equipment Manufacturers (OEMs)

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About Us

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.

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