Zion Market Research

3D Optical Metrology Market Set for Rapid Growth, to Reach Value Around USD 19,500.0 Million by 2024

The global 3D optical metrology market was valued at around USD 11,200.0 million in 2016 and is expected to reach over USD 19,500.0 million by the end of 2024, growing at a CAGR of over 7% between 2017 and 2024.

 

Sarasota, FL -- (SBWIRE) -- 01/16/2019 -- The growth in the industrial IoT market across the globe expects to drive the 3D optical metrology market. The companies are increasingly focusing on product innovation and advancements so that their products can attain increased quality and become multi-functional. To achieve this they are making use of 3D measurement and analysis. 3D optical metrology is a tool that is used for the quality control processes and is being used widely by the companies thus increasing its demand in the global market.

The research analysts in their primary research observed that the inability of the traditional measuring devices to resolve many of the manufacturing issues will open up opportunities for 3D optical metrology.

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The global 3D optical metrology markets segmented on the basis of the type, component, application, vertical, and the geographical regions.

Global 3D Optical Metrology Market: By Type

3D Automated Optical Inspection System
Optical Digitizer and Scanner
Laser Scanning
Coordinate Measuring Machine

Global 3D Optical Metrology Market: By Component

Software
Hardware
Global 3D Optical Metrology Market: By Application

Quality Control
Reverse Engineering
Rapid Prototyping
Virtual Assembly
Others

Global 3D Optical Metrology Market: By Vertical

Aerospace & Defense
Automotive
Architecture & Construction
Medical
Electronics
Energy & Power
Heavy Machinery
Others

Global 3D Optical Metrology Market: By Region

North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa

Optical digitizer and scanner segment is expected to dominate the 3D optical metrology market. The optical digitizers and scanners are being adopted increasingly as precision optical measurement equipment. In various sectors such as automotive and aerospace, micro and nanostructures are studied in detail. For these precise measurements, the optical digitizers and scanners are used widely resulting into growing demand across the global market.

Hardware segment is anticipated to contribute a major share in the 3D optical metrology market as each type of measurement requires specially designed hardware. The increased sales of the hardware have contributed to the growth of the market.

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The demand for the quality control has increased in the manufacturing sector owing to the increased adoption of the automated technologies. As the quality control plays a vital role in order to ensure the smooth functioning of the production and that too without incurring any extra cost the application projects contribute a major share in the market.

In terms of vertical, the automotive segment held the largest market share of over USD 2,900.0 in 2016. 3D optical metrology helps in improving the productivity, minimizing the production time, and also improve vehicle performance and reliability. This has resulted into increasing demand for 3D optical metrology from automotive segment.

North America is expected to dominate the 3D optical metrology market. Increased adoption of the advanced and latest 3D scanning technologies for improving the product quality across all the sectors is driving the growth of the market in this region.

The major market players in the 3D optical metrology market are Capture 3D, Carl Zeis, Faro Technologies, Gom, Hexagon Metrology, Leica Microsystems, Nikon Metrology, Perceptron, Sensofar USA, Steinbichler Optotechnik, Zeta Instruments, and Zygo.

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