3D Metrology Market Size, Share & Trends Analysis growing at a CAGR of 9.2% from 2024 to 2030
The global 3d metrology market size was estimated at USD 10,350.9 million in 2023 and is projected to reach USD 19,513.8 million by 2030, growing at a CAGR of 9.2% from 2024 to 2030. There is a growing trend of increased demand for quality control and inspection applications across a wide range of industries, including heavy machinery, automotive, energy, power, aerospace, construction, engineering, and medical, to ensure the quality of their goods, which is propelling the market’s expansion.
Key Market Trends & Insights
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, U.S. is expected to register the highest CAGR from 2024 to 2030.
- In terms of segment, hardware accounted for a revenue of USD 6,913.7 million in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Market Size & Forecast
- 2023 Market Size: USD 10,350.9 Million
- 2030 Projected Market Size: USD 19,513.8 Million
- CAGR (2024-2030): 9.2%
- North America: Largest market in 2023
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Continuous technological advancements in the field of 3D metrology are fueling the market growth. Companies are developing innovative solutions that offer faster and more effective 3D measuring capabilities. The introduction of new scanning technologies with improved precision and productivity is a key focus area for industry players. For instance, in September 2023, 3DMakerpro introduced the SEAL and SEAL Lite next-generation scanners. The scanners redefined the cost of consumer-grade scanners and set a new benchmark for 3D scanning with their innovative optical technologies.
Government initiatives focused on promoting the adoption of 3D metrology have significantly contributed to market expansion. For instance, in various countries, medical devices are required to undergo metrological safety assessments and control tests, ensuring precision in implants, prostheses, dental applications, and critical components of medical devices like CT scanners and X-ray machines that require access to challenging areas. Furthermore, global governments are emphasizing advanced manufacturing programs that highlight the importance of 3D metrology, thereby fostering growth opportunities in the market.
The rise of Industry 4.0, characterized by interconnected systems, machine learning, and real-time data processing, is accelerating the demand for advanced technologies like 3D metrology systems. Companies are investing in cutting-edge solutions to enhance connectivity and efficiency across their operations. The development of intelligent metrology systems that leverage artificial intelligence (AI) algorithms to analyze data, detect anomalies, and make automated adjustments is one of the instances of how companies are embracing cutting-edge solutions to enhance their operations.
Additionally, a significant trend influencing the market is the integration of metrology directly into production lines for ultra-fast, highly precise, and detailed part scanning. Furthermore, the market is impacted by the industry’s integration of robotics and automation, which promotes increased automation and efficiency in metrology procedures. For instance, industrial robots play a crucial role in enhancing the quality and reliability of measurement data, reducing errors, increasing efficiency, and providing high levels of repeatability in metrology processes.
Market Concentration & Characteristics
The degree of innovation in the market is anticipated to be high. The rise of Industry 4.0, characterized by interconnected systems, machine learning, and real-time data, is propelling innovation in the market. Businesses across various industries are adopting cutting-edge technologies, including sophisticated 3D metrology systems, to enhance connectivity and access to real-time information throughout the supply chain. Furthermore, companies are constantly investing in research and development to create novel technologies that offer faster, more accurate, and more efficient 3D measuring solutions. For instance, in March 2022, Shining 3D introduced advanced products like the FreeScan UE Pro, which combines photogrammetry and laser technology for enhanced productivity and precision in large-scale 3D inspection and reverse engineering.
