Market Size of Americas 3D Metrology Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 8.40 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Americas 3D Metrology Market Analysis
The Americas 3D Metrology Market is expected to register a CAGR of 8.4% over the forecast period (2022-2027). The growing changes in product designs and investments in industry 4.0 and demand for the Adoption of in-line solutions and Technological advancements are driving the growth of the 3D Metrology market.
- The growing use of 3D data for modeling and analysis in various industries and increased research and development (R&D) investments in 3D metrology is expected to grow the 3D metrology market.
- The development of 3D measurement solutions, portable CMM, robot-mounted optical CMM scanners, cloud-based software application platforms, and dimensional metrology services led to high growth in the market.
- 3D metrology solutions are widely used across consumer and industrial electronics sectors to ensure the quality of parts and products, ranging from actuators, smartphone enclosures, and lead frames to sensors, speakers, smart home devices, and white goods; for instance, PCM Innovation has built BuildIT Metrology Software which is a CAD-to-part inspection solution that enables quick and easy dimensional verification of manufactured parts and assemblies for tool building, assembly, alignment, process automation, reverse engineering, and quality control.
- Small- and medium-sized enterprises are facing cost issues while setting up a 3D metrology facility as it includes measuring equipment cost, installation cost, and maintenance cost, which is an extensive investment for enterprises.
- Due to the COVID-19 outbreak has had a significant impact on the CMM value chain, the energy and power industries, as well as the aerospace industry, are experiencing low demand, which is expected to continue in the short term due to the global slowdown.
Americas 3D Metrology Industry Segmentation
3D Metrology is the scientific study of physical measurement, which encompasses precision measurement of tools with fixtures and machined components.
Americas 3D Metrology Market is Segmented by Component (Hardware, Software), Hardware Type (Coordinate Measuring Machine (CMM), Laser Tracker, Light Scanners, Others), End-User Industry(Aerospace & Defense, Automotive, Construction & Engineering, Industrial Manufacturing, Others) and Region.
By Component | |
Hardware | |
Software |
By Hardware Type | |
Coordinate Measuring Machine (CMM) | |
Laser Tracker | |
Light Scanners | |
Others |
By EndUser | |
Aerospace & Defense | |
Automotive | |
Construction & Engineering | |
Industrial Manufacturing | |
Others |
By Country | |
United states | |
Canada | |
Rest of America (Mexico, Brazil among others) |
Americas 3D Metrology Market Size Summary
The Americas 3D Metrology Market is experiencing significant growth, driven by advancements in technology and the increasing adoption of Industry 4.0 principles. The market is characterized by the development of innovative 3D measurement solutions, including portable CMMs, robot-mounted optical CMM scanners, and cloud-based software applications. These technologies are widely utilized across various sectors, such as consumer and industrial electronics, to ensure the quality of components and products. The integration of in-line inspection systems and the Industrial Internet of Things (IoT) is further propelling the market, enabling real-time data analysis and frequent quality testing. Despite the challenges posed by the COVID-19 pandemic, which has affected demand in sectors like energy, power, and aerospace, the market continues to expand due to the ongoing digital transformation and the need for precise measurement and quality control.
The United States leads the region's 3D metrology market, supported by a strong presence of automotive, pharmaceutical, and aerospace manufacturers. The market benefits from a wide range of metrology products used for various applications, including quality control, inspection, and reverse engineering. The growth is also fueled by increased industrialization and the robust automotive industry in the region. Major players such as Hexagon AB, Faro Technologies, and Zeiss dominate the market, focusing on expanding their global presence and enhancing their product offerings through strategic acquisitions and collaborations. These developments are expected to create substantial business opportunities in the metrology services market, as industries continue to invest in advanced measurement technologies to optimize production processes and ensure product quality.
Americas 3D Metrology Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Attractiveness-Porter's Five Forces Analysis
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1.2.1 Bargaining Power of Suppliers
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1.2.2 Bargaining Power of Buyers/Consumers
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1.2.3 Threat of New Entrants
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Technology Insights
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1.4 Impact of COVID-19 on the payments market in the country
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2. Market Segmentation
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2.1 By Component
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2.1.1 Hardware
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2.1.2 Software
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2.2 By Hardware Type
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2.2.1 Coordinate Measuring Machine (CMM)
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2.2.2 Laser Tracker
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2.2.3 Light Scanners
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2.2.4 Others
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2.3 By EndUser
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2.3.1 Aerospace & Defense
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2.3.2 Automotive
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2.3.3 Construction & Engineering
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2.3.4 Industrial Manufacturing
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2.3.5 Others
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2.4 By Country
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2.4.1 United states
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2.4.2 Canada
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2.4.3 Rest of America (Mexico, Brazil among others)
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Americas 3D Metrology Market Size FAQs
What is the current Americas 3D Metrology Market size?
The Americas 3D Metrology Market is projected to register a CAGR of 8.40% during the forecast period (2024-2029)
Who are the key players in Americas 3D Metrology Market?
FARO Technologies, Inc.., Hexagon AB, Zeiss (GOM), Northern Digital Inc and Novacam Technologies, Inc. are the major companies operating in the Americas 3D Metrology Market.