According to the latest report by IMARC Group, "3D Metrology Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,", The global 3D metrology market exhibited strong growth during 2015-2020. Looking forward, IMARC Group expects the global market to grow at a CAGR of around 8% during 2021-2026.
Three-dimensional (3D) metrology is a technological system that is used for measuring distance, length, height and point of a 3D object. It assists in converting a 2D architectural model into images and videos, which provides precise and reliable information about damaged products. It comprises a software for identifying production trends and evaluating real-time deviations; hardware, such as optical digitizer and scanner (ODS), coordinate measuring machine (CMM), 3D automated optical inspection (AOI) system, and video measuring machine (VMM); and services for quality control and inspection, reverse engineering, virtual simulation and 3D scanning.
Market Trends
The market is witnessing growth owing to the increasing applications of 3D metrology in the automotive industry. This can also be accredited to the inflating income levels and escalating demand for luxury goods and high-end vehicles worldwide. Apart from this, it is employed in the aerospace, automotive, construction, and energy and power sectors for increasing flexibility, reducing set-up time, improving accuracy and enhancing productivity. Furthermore, several manufactures are adopting 3D metrology solutions in their production processes for maintaining the quality of the products. This is expected to strengthen the market growth in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.