Facts & Factors has published a new report titled “3D Optical Metrology Market By Type (3D Automated Optical Inspection System, Coordinate Measuring Machine, Optical Digitizer & Scanner, and Laser Scanning), By Component (Software and Hardware), By Application (Quality Control, Virtual Assembly, Reverse Engineering, and Rapid Prototyping), and By Vertical (Aerospace & Defense, Heavy Machinery, Automotive, Medical, Architecture & Construction, Electronics, and Energy & Power): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018 – 2027”. According to the report, the global 3D Optical Metrology market is predicted to be valued at approximately USD 12, 388 million in 2018 and is expected to reach a value of around USD 23,185 million by 2027, at a CAGR of around 7.17 % between 2019 and 2027.
Optical metrology is the domain of science & technology associated with measurements utilizing light. These assessments focus on the physical surface features including flatness, curvature, roughness, and dimensions. The assessments help in monitoring the performance of the optical components. Moreover, 3D optical metrology derives 3D optical measurements through the usage of structured light.
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Furthermore, 3D optical metrology assists in recording the shape of the object for designing a 3D model. This, in turn, is utilized for doing measurement and analysis.
Accurate inspection of 3D data for analyzing & modeling to drive the market trends
The need for having a good inspection method for enhancing quality control is necessary for any product manufacturer. Moreover, with authentic 3D scanning & inspection, firms can minimize repetition loops and speedily extract the corrective action without decelerating their time to business objectives. This, in turn, will expedite the industry growth over the forecast timeline.
In addition to this, the escalating requirement of reliable & high-quality products in myriad sectors will steer the market surge during the forecast timeline. Apparently, massive inspection requirements in aerospace, automotive, medical, defense, architecture, construction, and electronics sectors will further drive the market expansion over the forecast timeline.
Moreover, a large-scale focus on quality control is predicted to create lucrative growth avenues for the market during the forecast period. Moreover, firms are in search of solutions that help in reducing total costs, eliminating wasteful methods, and deliver the effective product. This will further steer the market expansion over the forecast timeline.
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Furthermore, the burgeoning need for swift production cycles across the globe will boost the growth of the 3D optical metrology industry over the forecast timeline. Nevertheless, huge costs incurred for deploying 3D metrology units across myriad sectors are likely to pose the threat to the expansion of the market over the forecast timeline. Apart from this, a high need for maintenance and costs of training the metrologists will hinder the expansion of the market over the forecast timeline. However, the flourishing IoT sector will propel the market growth over the forecast period, thereby nullifying the market hindrances during the period from 2019 to 2027.
3D automated optical inspection system segment to record highest CAGR over the forecast timeline
The 3D automated optical inspection system segment is slated to register the highest growth rate of more than 8% during the forecast period. The growth of the segment is owing to the ability of the system to identify the lifted leads, inspecting the co-planarity of the parts, and minimize the false calling rates.
Automotive segment to dominate the application landscape by 2027
The growth of the segment during the period from 2019 to 2027 is owing to the ability of the 3D optical metrology for increasing output, minimizing production time, and enhancing the performance of the vehicles.
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North America to account for the major market revenue share by 2027
The regional market growth during the forecast timeline is due to large-scale acceptance of 3D scanning systems for enhancing the product quality & efficacy across all the sectors in the countries like the U.S. In addition to this, prominent use of consumer electronic goods like smartphone, washing machine, and television will further prompt the regional market surge.
Some of the major players in the business include Zeta Instruments,Sensofar USA, Steinbichler Optotechnik, Nikon Metrology, Capture 3D, Faro Technologies, Carl Zeiss, GOM, Hexagon Metrology, Leica Microsystems, Perceptron, and Zygo.
This report segments the 3D Optical Metrology market as follows:
3D Optical Metrology Market: By Type Analysis
- 3D Automated Optical Inspection System
- Coordinate Measuring Machine
- Optical Digitizer & Scanner
- Laser Scanning
3D Optical Metrology Market: By Component Analysis
3D Optical Metrology Market: By Application Analysis
- Quality Control
- Virtual Assembly
- Reverse Engineering
- Rapid Prototyping
3D Optical Metrology Market: By Vertical Analysis
- Aerospace & Defense
- Heavy Machinery
- Architecture & Construction
- Energy & Power
3D Optical Metrology Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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