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3D Metrology Market Size, Share, Industry Forecast, Segmented by, Component, End Use & Top Countries Analysis| Hexagon, Faro Technologies, Nikon Metrology, Carl Zeiss, KLA-Tencor

Global 3D Metrology Market was valued at USD 10.2billion in 2019 which is expected to reach at USD 18.5 billion by 2017 at a CAGR 9.1%.

3D metrology is used in automotive industry for measurement, inspection, and quality checking of various components. Rise in number of product launches, and accelerated research and developments activities are expected to significantly propel the market growth. 3D metrology technology is helpful to conclude safety risks, durability, and aging processes, and outer appearance of products.

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Increase in adoption of IoT technology is the key driving factor which is expected to boost the global 3D metrology market growth. Furthermore, highly accurate inspection owing to 3D data for modeling will have the positive impact on market growth. Moreover, growing quality requirement in industrial products will fuel the market growth during this forecast period. Also, emerging high tech robots, serviceable in automation, semiconductor wafer inspection, and energy harvesting will drive the market growth.

Market Restraints

However, high cost incurred for setting up 3D metrology facility is the major challenging factor which is expected to obstruct the global 3D metrology market growth. Also, lack of enterprise to efficiently handle 3D metrology systems will affect the market growth.

Market Segmentation

Global 3D Metrology Market is segmented into component such as Software, Hardware, and Services. Further, market is segmented into End Use such as Aerospace, Automotive, Medical, Construction & Building, Heavy Machinery, and Others.

Also, Global 3D Metrology Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Market Key Players

The report covers a comprehensive study of the competitive scenario of the 3D Metrology Market and the current trends that are predicted to disrupt the market. It identifiesdynamic players of the market, including both themajor and emerging players.

Various key players are discussed in this report such as Hexagon, Faro Technologies, Nikon Metrology, Carl Zeiss, KLA-Tencor, Jenoptik, Renishaw, Mitutoyo Corporation, and Creaform

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