3D Metrology Market with Recession Impact by Product Type (CMM, ODS, VMM, 3D AOI, 3D X-ray &CT), Application (Quality Control & Inspection, Reverse Engineering, Virtual Simulation), Offering, End-user Industry and Region – Global Forecast to 2028
Updated on : March 20, 2023
The 3D metrology market Size is valued at USD 11.2 billion in 2023 and is projected to reach USD 16.4 billion by 2028, growing at a CAGR of 8.0% during the forecast period.
Increased research and development (R&D) investments in 3D metrology, rising demand for big data analytics, and growing use of 3D data for modeling and analysis in various industries are expected to fuel the growth of the 3D metrology market.
3D Metrology Market Forecast to 2028
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Impact of Recession on 3D Metrology Market Size and Forecast
Global economies are expected to experience a slowdown in 2023, mainly due to the Russia-Ukraine war and higher inflation. Global real GDP growth in percentage terms was 6% for 2021, which is expected to decline to 3.2% in 2022 and 2.7% in 2023. The decline in GDP growth is significant for the US and Europe. In contrast, growth is increasing, i.e., 4.4% (2022) and 4.9% (2023), for emerging and developing countries, which typically include India, China, and other countries. Also, for the Middle East and Central Asia, there is a decline in GDP growth, i.e., 5.0% (2022) and 3.6% (2023), but it is not so significant when compared with the GDP growth decline of the US and Europe. Inflation is further expected to add to the problem; as per the Mortgage Bankers Association (MBA), inflation is not going to be normalized until 2024 in the US.
The market for 3D metrology might experience a slowdown due to the coming recession in 2023 and 2024. Companies operating in the 3D metrology market have a strong base in North America and Europe. As the recession is expected to have a major impact on these regions, the overall market for 3D metrology is estimated to witness a low growth rate during 2023 and 2024. Automotive, aerospace & defense, heavy machinery, semiconductors & electronics, and energy & power are some of the major industries in the 3D metrology market to be affected by the coming recession.
3D Metrology Market Dynamics
Driver : Growing use of 3D data for modeling and analysis in various industries
3D modeling is used in various industries, such as aerospace & defense, automotive, heavy machinery, medical, electronics, and energy & power. A 3D model created from a 3D object is a collection of data points by scanners or coordinate measuring machines (CMMs) with intelligent data models and tools. 3D metrology data plays a vital role in the manufacturing sector as it is directly related to product quality and performance assessment. This data is shared with production scheduling, designing, purchasing, and other business units of a manufacturing company to ensure the accuracy of manufactured products. 3D metrology is also used for measurement modeling, which involves the visualization of measurements considered during a production process. A large amount of 3D data is required to define a product effectively for precision inspection. CMM, owing to advancements in data-collection sensor technology and upgrades in measurement and inspection software, is considered a viable and cost-effective method for this purpose. Currently, 3D scanners are also used in combination with CMMs.
3D laser scanners, white-light scanners, and laser trackers are widely used as dimensional metrology solutions for fast and high-precision results. These technologies have made data capturing easy and fast, resulting in a highly accurate inspection. Small-sized laser trackers with large-volume measurement capabilities are primarily used in the automotive, aerospace, and heavy machinery industries to achieve highly accurate measurements.
Restraint: High cost associated with setting up 3D metrology facilities
Setting up a 3D metrology facility includes installation cost, measuring equipment cost, and maintenance cost, which is a major investment for SMEs. Manufacturers usually prefer to set up their 3D metrology facilities or collaborate with third parties to help incorporate metrology into their product development and production processes. Companies find it hard to achieve the targeted return on investment that is needed to set up a complete 3D metrology department. Also, it is a complicated and time-consuming process. Additionally, maintaining, upgrading, and standardizing metrology tools and software, hiring meteorologists and providing regular training also incur significant costs.
Opportunity : Growing demand for 3D metrology services
There has been an increase in the demand for 3D metrology services due to the high cost of setting up a 3D metrology facility and the limited presence of 3D metrology experts. Metrology service providers have higher expertise in metrology tooling and measurement processes than in-house technicians. Outsourcing 3D metrology services to an expert ensure data collected is highly accurate, consistent, and unbiased. 3D metrology equipment providers train their engineers on the latest software and tools for measuring, maintaining, and calibrating the equipment regularly, resulting in the highest level of data quality and repeatability. Depending on the measurements based on the product and industry, a 3D metrology service provider can deploy portable CMMs at the manufacturing facility. As 3D metrology equipment providers have started providing on-site services, manufacturers can save the time and costs required for outsourcing parts for measurement.
Technological advancements are among the major factors driving the demand for 3D metrology in various industries. With increasing innovations, emerging application areas, and technological advancements, manufacturers are focusing on offering devices with enhanced capabilities and modular architecture. These enhancements together increase the price of 3D metrology hardware and software. To reduce operational costs, industries such as aerospace & defense, communications, automotive, and industrial electronics often opt for rental and leasing measurement equipment services. These services are suitable for customers with short-term requirements or low budgets. Also, renting or leasing the test equipment eliminates associated costs, such as calibration and repair expenses, and provides flexibility for renting service providers in terminating a service contract when needed.
Challenge: Lack of expertise to efficiently manage 3D metrology systems
Inspection and metrology serve as quality control functions. The efficient handling of metrological systems requires knowledge of geometrical and dimensional measurements, quality control analysis, production processes, equipment maintenance and repair, and technical testing, depending on the industry and type of products and components being analyzed or inspected. An inappropriate task performance may lead to undesirable consequences, as quality performance decisions are based on measurements and inspection. Besides, incorrect measurements and improper data evaluation can also lead to undesirable results. The 3D metrology equipment requires a high level of technical expertise depending upon the industry and type of products and components being measured for analysis or inspection. A limited number of 3D metrology experts are available due to the lack of training centers or industry-specific certification courses. The employees working in manufacturing companies and handling conventional CMMs have limited technical knowledge regarding the technology.
3D metrology market for hardware offerings is expected to hold the largest share of the market during the forecast period
The 3D metrology market for hardware has witnessed significant growth in the past few years owing to the increased demand for coordinate measuring machines for quality and inspection purposes. However, 3D metrology services have been attracting both metrology equipment providers and industry players. Companies offering hardware in the 3D metrology market are continuously working on updating their product portfolio. Companies in the 3D metrology market have been launching new products to cater to different industries such as automotive, aerospace, electronics, and energy and power.
3D metrology hardware equipment is also being extensively used in the aerospace industry for inspection and quality control processes. Hexagon AB provides metrology solutions to the Airbus factory in Broughton, North Wales, US. German Aerospace LLC uses Keyence XM Series Handheld CMM for easy 3D and GD&T measurement of parts for commercial airliners, helicopters, or military aircraft. Creaform (Canada) provides HandySCAN 3D metrology-grade 3D laser scanners for recording physical attributes of aircraft dents and blends on all models of Boeing commercial airplanes. The high demand for 3D metrology equipment in the aerospace & defense, and automotive industries for quality control and inspection applications is one of the major drivers for the growth of the 3D metrology market for hardware.
Aerospace & defense segment to account for the second-largest market share during the forecast period
The aerospace & defense sector accounts for the second-largest market share of the 3D metrology market after the automotive sector. The manufacturing and assembling of an aircraft require a high level of accuracy, which can be obtained through 3D metrology. In the aerospace industry, 3D metrology processes are used in the manufacture of precision parts such as frames, wings, subassemblies, simulators, testbeds, and engines. Laser trackers and portable arm coordinate measuring machines are used to ensure that the calibration of the equipment meets the quality standards and regulations for critical aerospace and aeronautic components.
3D Metrology market in Asia Pacific expected to grow at the fastest rate during the forecast period
The 3D metrology market in the Asia Pacific is estimated to grow at the highest CAGR during the forecast period from 2023 to 2028. The Asia Pacific accounted for 34.1% of the global 3D metrology market in 2022. The key countries contributing to the growth of the 3D metrology market in the Asia Pacific are Japan, China, India, and South Korea. The growth of the 3D metrology market in the Asia Pacific is attributed to the rapid infrastructural development in the region. Several infrastructural development projects in this region are underway or are scheduled for commencement during the forecast period. The high growth of the 3D metrology market in the Asia Pacific can also be attributed to the major infrastructural advancements and automation in manufacturing industries in countries such as India and China. Countries in the Asia Pacific are involved in the manufacturing of defense aircraft, which is expected to increase the scope of 3D metrology inspection applications in the aerospace & defense industry. The growing population and economies (developed as well as developing) and the increasing number of government initiatives to promote industrial growth have made the Asia Pacific an ideal destination for the production units of various industries, including semiconductors, electronics, and automotive. The demand for automobiles in the Asia Pacific is likely to grow in the coming years, which would result in an increased production of vehicles.
3D Metrology Market by Region
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In the process of determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key industry experts in the 3D metrology space. The break-up of primary participants for the report has been shown below:
- By Company Type: Tier 1 – 40%, Tier 2 – 40%, and Tier 3 – 20%
- By Designation: C-level Executives – 40%, Directors –40%, and Others – 20%
- By Region: North America –40%, Asia Pacific– 30%, Europe – 20%, and RoW – 10%
Key Market Players in 3D Metrology Industry
Major vendors in the 3D metrology market include Hexagon AB (Sweden), FARO Technologies, Inc. (US), Keyence Corporation (Japan), Jenoptik AG (Germany), Nikon Corporation (Japan), Mitutoyo Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), Perceptron, Inc. (US), Renishaw plc (UK), Creaform (Canada), Baker Hughes Company (US), CyberOptics Corporation (US), Trimble, Inc. (US), 3D Systems, Inc. (US), Automated Precision, Inc. (US), and Metrologic Group (France), among others.
3D Metrology Market Report Scope :
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Report Metric |
Details |
| Estimated Market Size | USD 11.2 Billion |
| Projected Market Size | USD 16.4 Billion |
| Growth Rate | CAGR of 8.0% |
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Market size available for years |
2019-2028 |
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Base year |
2022 |
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Forecast period |
2023-2028 |
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Segments covered |
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Geographic regions covered |
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Companies covered |
Hexagon (Sweden), FARO Technologies (US), Nikon Corporation (Japan), ZEISS Group (Germany), KLA Corporation (US), KEYENCE (Japan), Jenoptik (Germany), Renishaw (UK), Mitutoyo Corporation (Japan), Creaform (Canada), GOM (Germany), CHOTEST TECHNOLOGY INC. (China), Baker Hughes Company (US), CyberOptics Corp. (US), Trimble, Inc. (US), SGS Group (Switzerland), Ikustec (Spain), Perceptron, Inc (US), 3D Systems (US), Automated Precision, Inc. (API) (US), CARMAR ACCURACY CO., LTD (Taiwan), Intertek Group Plc (UK), Bruker (US), Shining 3D (China), InnovMetric Software Inc (Canada), Artec 3D (US), Metrologic Group (Sweden), AccuScan (Ireland), Capture 3D (US), Polyrix (Canada), Novacam Technologies (Canada), Applied Materials (US) |
3D Metrology Market Highlights
This research report categorizes the 3D metrology market based on product type, offerings, application, end-user, and region.
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Aspect |
Details |
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3D Metrology Market, By Product Type: |
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3D Metrology Market, Offerings : |
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3D Metrology Market, by Application: |
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3D Metrology Market Market, By End-User |
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3D Metrology Market Market, By Region: |
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Recent Developments in 3D Metrology Market
- In October 2021, Hexagon's Manufacturing Intelligence division announced the release of a new updated version of its dedicated software plug-in for the powerful third-party inspection software platform PolyWorks.
- In August 2021, Renishaw demonstrated the latest developments of its MODUS metrology software at EMO Milano 2021 (hall 5, stand C14). The software continues to lead the way in high-performance industrial inspection, providing an optimal platform for the performance of Renishaw's REVO 5-axis multi-sensor measurement system for CMMs. The flagship REVO system offers 6 interchangeable sensors, all on a single CMM and all with the speed, accuracy, and flexibility of a 5-axis system.
- In June 2021, FARO Technologies, Inc. announced the acquisition of HoloBuilder, Inc. (US). HoloBuilder brought its leading photogrammetry-based 3D platform to FARO, which delivers hardware-agnostic image capture, registration, and viewing to the fast-growing digital twin market.
Frequently Asked Questions (FAQ):
What will be the dynamics for the adoption of the 3D metrology market based on application?
The increasing competition and need for improving safety in industrial operations have resulted in the high adoption of quality control and inspection systems in various industries, including automotive, aerospace & defense, and semiconductors. In these industries, maintaining and enhancing the quality of a product is of high importance. Automotive and aerospace & defense are the major industries where 3D metrology is used for quality control and inspection.
Which 3D metrology product type will contribute more to the overall market share by 2028?
The Coordinate Measuring Machine will contribute the most to the 3D metrology market. Coordinate Measuring Machine is most widely used for applications such as precision measurement, geometric dimensioning and tolerancing (GD&T) measurement, and inspection in the automotive sector. Coordinate Measuring Machine is one of the most extensively used 3D metrology equipment in the aerospace & defense industry for the measurement of parts of machines and different accessories, including gears, blades, curved surfaces, and wheels. Coordinate Measuring Machine is used in the aerospace & defense industry for the inspection, process control, quality control measurement, and alignment of various aircraft components to meet dimensional specifications. The need for sustained product performance, through-life product support, and distributed manufacturing are the major factors leading to the adoption of Coordinate Measuring Machines in the aerospace & defense industry due to their high accuracy. CMMs are used for the inspection of complex geometries of aircraft engine components and help reduce inspection and maintenance time.
How will technological developments such as robotic laser metrology change the 3D metrology landscape in the future?
It is a new technology that is revolutionizing the manufacturing inspection processes. Typically leveraging a six-axis robotic arm and innovative laser radar technology, this type of metrology offers high productivity, speed, and accuracy in part inspections. Robotic laser metrology is widely used in the automotive, aviation, space, and defense industries and can be deployed in a wide range of settings. For complex, hard-to-reach, and/or manually intensive inspection applications, this technology delivers bottom-line results.
Which region is expected to adopt 3D metrology offerings at a fast rate?
Asia Pacific region is expected to adopt 3D metrology offerings at the fastest rate. Developing countries such as India and China are expected to have a high potential for the future growth of the market.
What are the key market dynamics influencing market growth? How will they turn into strengths or weaknesses of companies operating in the market space?
Increasing global R&D spending on launching and developing new metrology products and solutions offers business opportunities to measurement companies. Companies such as Hexagon, FARO Technologies, Inc., Nikon Corporation, and ZEISS Group have been consistently spending in the research and development of 3D metrology systems as observed in their annual reports over the last three years.
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The study involved four major activities in estimating the size of the 3D metrology market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, various sources were used to identify and collect information important for this study. These include annual reports, press releases & investor presentations of companies, white papers, technology journals, certified publications, articles by recognized authors, directories, and databases.
Secondary research was mainly used to obtain key information about the industry's supply chain, the total pool of market players, the market classification according to industry trends to the bottom-most level, regional markets, and key developments from market and technology-oriented perspectives.
Primary research was also conducted to identify the segmentation types, key players, competitive landscape, and key market dynamics, such as drivers, restraints, opportunities, challenges, and industry trends, along with key strategies adopted by players operating in the 3D metrology market. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list key information and insights throughout the report.
Primary Research
Extensive primary research has been conducted after acquiring knowledge about the 3D metrology market scenario through secondary research. Several primary interviews have been conducted with experts from both the demand (end users) and supply side (3D metrology offering providers) across 4 major geographic regions: North America, Europe, Asia Pacific, and RoW. Approximately 80% and 20% of the primary interviews have been conducted from the supply and demand sides. These primary data have been collected through questionnaires, emails, and telephonic interviews.
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Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches were implemented, along with several data triangulation methods, to estimate and validate the size of the 3D metrology market and various other dependent submarkets. Key players in the market were identified through secondary research, and their market share in the respective regions was determined through primary and secondary research. This entire research methodology included the study of annual and financial reports of the top players, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (quantitative and qualitative).
All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
3D Metrology Market: Bottom-Up Approach
Data Triangulation
After arriving at the overall market size from the market size estimation process, as explained above, the total market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data have been triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market has been validated using top-down and bottom-up approaches.
Report Objectives
- To describe and forecast the 3D metrology market size, in terms of value, by offering, product type, application, and end-use industry
- To describe and forecast the 3D metrology market size, in terms of volume, by product type
- To describe and forecast the market size across four key regions, namely, North America, Europe, the Asia Pacific, and the Rest of the World (RoW), along with their respective country-level market size, in terms of value
- To provide detailed information regarding the drivers, restraints, opportunities, and challenges pertaining to the 3D metrology market
- To strategically analyze the micromarkets1 with respect to the individual growth trends, prospects, and their contribution to the 3D metrology market
- To map competitive intelligence based on company profiles, key player strategies, and key developments
- To provide a detailed overview of the 3D metrology value chain and ecosystem
- To provide information about the key technology trends and patents related to the 3D metrology market
- To provide information regarding trade data related to the 3D metrology market
- To analyze opportunities in the market for stakeholders by identifying high-growth segments of the 3D metrology ecosystem
- To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes them on various parameters within the broad categories of market ranking/share and product portfolio
- To analyze competitive developments such as contracts, acquisitions, product launches and developments, collaborations, and partnerships, along with research & development (R&D), in the 3D metrology market
- To analyze the impact of the recession on the growth of the 3D metrology market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company's specific needs. The following customization options are available for the report:
Product Analysis
- Product matrix that gives a detailed comparison of the product portfolio of each company
Company Information
- Detailed analysis and profiling of additional market players (up to 7)
Growth opportunities and latent adjacency in 3D Metrology Market
Interested in CMM/3D printing/CAD CAM CAE/DESIGN/DEVELOPMENT
trying to find the split up of tactile vs optical inspection in the 3D metrology market as well as popularity of the different manufacturers.
The growth for 3d metrology companies lies in providing automated robotic based inspection systems integrated with sensor technologies products and can inspect 3D feature data at fast cycle times (< 30 seconds) with multiple inspection stations collecting 3D measurement data produced during manufacturing process. This data can further be analysed through statistical tools for process control (SPC). This is where the use of AI and big data comes. For instance, FARO, provider of 3D measurement and imaging solutions for factory metrology and 3D machine vision and offers FARO OneClick system that provide fully automated, high accuracy point cloud inspection of small- and medium-sized parts. OneClick is AI driven and offers fully automated programming with minimal fixturing, automatic reporting and minimal training and doesn’t require an operator to assist the process. The 3d metrology companies need to adopt cloud based solutions and should offer integrated software for efficient and advanced products in this market.
Dear Marketsandmarkets team, for an industry overview, we are currently mainly looking at the different applications and measuring technices used for 3D Metrology - especially in measuring workpieces (so no landscape or room measurement relevant). Therefore, we would like to request a sample to show the verify the suitability of the report as well as the depth and quality of the results in this specific field. Based on that, we could then make a profound buying decision. Thank you and best regards