This report provides exclusive insights into the COVID-19 impact on the 3D Metrology Market. The detailed analysis provides information about the impact of the outbreak on the demand and supply conditions, trends and forecasts of the 3D Metrology Market. Moreover, the impact analysis covers the study of the COVID-19 on the supply chain of 3D Metrology Market. The sectoral impact shall provide insights into both short term and long term effects of the pandemic on the related and support industries.
A recent report published by Infinium Global Research on 3D metrology market provides in-depth analysis of segments and sub-segments in global as well as regional markets of 3D metrology market. The study also highlights the impact of drivers, restraints and macro indicators on the global and regional markets of 3D metrology over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global 3D metrology market. According to report the global 3D metrology market is projected to grow at a CAGR of 8.50% over the forecast period of 2018 - 2024.
3D measurement is often used in quality inspection. It plays a vibrant role in converting a raw manufacturing unit into a finished product. 3D Metrology is the science of measurement in three dimensions. Speed, dependability, automatability and proper measuring principal are key features of 3D metrology technology. 3D metrology works on the amount of data and helps throughout the industrialization processes such as designing, manufacture, and purchasing. For instance, optical digitizers and 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.
3D Metrology is a developing measurement solution for various industries. It empowers manufacturers to monitor the quality and efficiency of the components required to build the preferred industrial products. Increasing focus on quality control and highly accurate inspection for modelling and analysis drives the growth of the 3D metrology market. In addition, increasing industrial internet of things market is strengthening the demand for 3D metrology in the automation. Co-ordinate measuring machines and optical measurement systems are the major 3D metrology technology used in the automotive industry. They are used to improve the comfort level along with the safety and security aspects of the vehicle. However, the set-up cost and installation cost of 3D metrology segment are very high. Therefore, it is very complicated to understand the system of 3D metrology owing to the lack of a simple software solution and lack of expertise. This, in turn, is restraining the growth of the 3D metrology market during the forecast period. Furthermore, changing consumer demands for consumer products and growing technological advancements in measurement techniques have developed the need for more precise and accurate industrial products are creating several growth opportunities for the key players in the 3D metrology market. On the other hand, increasing demand from construction and automotive industries are creating a positive impact for the market to grow.
Among the geographies, North America dominated the global 3D metrology market. The growth in the North American region is due to various 3D metrology systems have been adopted in the US in the nascent stage of the technology. Moreover, The Americas and Europe are anticipated to hold huge potential for the 3D metrology market for high-end applications.They have been at the forefront in adopting latest 3D scanning technologies to improve product quality and efficiency across various industries.
The report on global 3D metrology market covers segments such as product, offering, application, and end-user. The Product segments include 3D automated optical inspection system, optical digitizer and scanner, video measuring machine and coordinate measuring machine. On the basis of offering the global 3D metrology market is categorized into hardware, software, and services. Furthermore, on the basis of application, the 3D metrology market is segmented as virtual simulation, reverse engineering, quality control & inspection, and others. On the basis of end-user, the 3D metrology market is segmented as energy & power, architecture & construction, aerospace & defense, geospatial, electronics, automotive, heavy machinery and medical.
The report provides regional analysis covering geographies such as North America, Europe, Asia-Pacific, and Rest of the World. In this section, the key trends and market size for each geography are provided over the period of 2016 – 2024. The countries covered in the North America region include the U.S., Canada, and Mexico; while Asia-Pacific includes China, Japan, India, South Korea, Malaysia and among others. Moreover, European region covers countries such as Germany, UK, France, Spain, and the rest of Europe. The U.S. drives the growth in the North America region as it is the largest market in the region. The Asia-pacific region offers substantial potential for the market growth owing to rapid growth in markets such as India and China. The APAC region is projected to experience growth at a CAGR of x.x% over the period of 2018 - 2024.
The report provides profiles of the companies in the global 3D metrology market such as Perceptron, Hexagon, Nikon Metrology, Carl Zeiss, Faro Technologies, 3D Digital Corporation, 3D Systems Corporation, Mitutoyo Corporation, Creaform, and GOM.
The report provides deep insights on demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights on the factors that are driving and restraining the global 3D metrology market. Moreover, IGR-Growth Matrix analysis given in the report brings insight on the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter’s five forces analysis and DRO analysis of 3D metrology market. Moreover, the study highlights current market trends and provides forecast from 2018 to 2024. We also have highlighted future trends in the 3D metrology market that will impact the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings insight on the market share of the leading players. Additionally, the analysis highlights rise and fall in the market shares of the key players in the market. This report will help manufacturers, suppliers, and distributors of the 3D metrology market to understand the present and future trends in this market and formulate their strategies accordingly.