Product ID: SQMIG45L2007
Global 3D Metrology Market Size, Share, Growth Analysis, By Component(Hardware, Software), By End User(Automotive, Aerospace) - Industry Forecast 2024-2031
Report ID:
SQMIG45L2007 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|
Tables:
65 |
Figures:
77
Global 3D Metrology Market Insights
Global 3D Metrology Market size was valued at USD 8.68 billion in 2022 and is poised to grow from USD 9.28 billion in 2023 to USD 15.82 billion by 2031, at a CAGR of 6.9% during the forecast period (2024-2031).
This is widely used for quality control and virtual simulation of the items across a number of industries, including aerospace, defence, automotive, architectural, medical, energy, and power. As cloud computing services become more extensively used, the market for 3D metrology is expanding. Every business aspires to raise profit margins while lowering operating expenses. Large capital expenditures for the purchase of servers and actual hard drives are avoided with cloud storage. Manufacturing metrology, which is often used for quality control, is rapidly exceeding its limits as a result of the growing demands for speed, precision, security, and elasticity. In order to get beyond certain limitations and meet current demands, cutting-edge manufacturing technologies are strongly preferred. In turn, this will lead to a rise in the use of cloud computing services, which will fuel the growth of the 3D metrology industry. Industry 4.0 adoption has a big impact on how the services section of the 3D metrology market emerges.
The integration of Industry 4.0 principles is a pivotal factor contributing to the emergence of the services segment within the 3D metrology market. Industry 4.0 places emphasis on the digital transformation of physical assets, seamlessly integrating them into digital ecosystems involving various stakeholders in the value chain. This digital evolution has led to substantial advancements in software-driven process automation and the development of portable metrology equipment tailored for customized services, driving the overall market expansion. Additionally, the increasing demand for luxury goods, fueled by the growing disposable income in developing economies and countries with weaker GDPs, is projected to drive the manufacturers' necessity to adopt 3D metrology solutions. 3D metrology is utilized in the healthcare industry for designing and manufacturing medical implants and prosthetics, as well as quality control of medical devices. The increasing aging population and advancements in healthcare technology have contributed to the growth of this market segment.
US 3D Metrology Market is poised to grow at a sustainable CAGR for the next forecast year.
Global 3D Metrology Market Report Snapshots
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