3D Metrology Market worth 10.90 Bn USD by 2022

Tuesday 5 July 2016, Amsterdam

The report, now available on ASDReports, "3D Metrology Market by Offering (Product, Software, Service), Product (CMM, VMM, ODS), Application, End-User Industry and Geography - Global Forecast to 2022", The 3D metrology market is expected to reach USD 10.90 Billion by 2022, at a CAGR of 7.0% between 2016 and 2022. Highly accurate inspection owing to three-dimensional data for modeling and analysis, increasing focus on quality control, and limitations of traditional measurement devices to address manufacturing issues are the major factors driving the 3D metrology market.

The market for the architecture and construction end-user industry expected to grow at the highest rate during the forecast period

3D scanners in architecture & construction are used to scan buildings, bridges, or process plants, and it is convenient and feasible. The 3D metrology market in architecture & construction is growing because of the integration of 3D scanning technology with software such as computer-aided design (CAD), which helps in the building information modeling (BIM) process to minimize the building design time and overall cost.

Coordinate measuring machines (CMM) held the largest market share during the forecast period

CMM is used for a wide range of application in industries such as automotive, aerospace & defense, heavy industry, and energy & power. The precision and accuracy measured by a CMM is very high. Flexibility, reduced set-up time, improved accuracy, and improved productivity are the major advantages of a CMM over conventional gaging.

North America expected to dominate the 3D metrology market during the forecast period

 The presence of major industries such as automotive, aerospace & defense, architecture & construction, energy & power in the U.S. drives the 3D metrology market in North America. The continuous technological advancements and financial support from the government further propels the growth of this market.

The major players in the 3D metrology market include Hexagon AB (Sweden), Carl Zeiss AG (Germany), Faro Technologies, Inc. (U.S.), Mitutoyo Corporation (Japan), Nikon Corporation (Japan), GE Measurement and Control Solutions Inc. (U.S.), GOM MBH (Germany), Perceptron Inc. (U.S.), Renishaw PLC (U.K.), Zygo Corporation (U.S.), Advantest Corporation (Japan), Wenzel Prazision GmbH (Germany), 3D Digital Corp (U.S.) and Creaform Inc.(Canada)