Knowledge Sourcing Intelligence announces the publication of a new report on “3D Metrology Market – Forecasts from 2019 to 2024" to their offering. 3D metrology solutions enable the measurement of different components that allows the manufacturers to adhere to industry standards and regulations.
The 3D metrology market is estimated to be valued at US$8,993.104 million in 2018 and is projected to expand at a CAGR of 9.79% to reach a market size of US$15,748.559 million in 2024. The growing focus by the manufacturers to optimize the cost of operations along with improving the development cycle is propelling the growth of the 3D metrology market. For instance, the automotive industry has to comply with regulations aiming to reduce environmental emission which is leading to automotive manufactures using different construction materials and new material combinations. As a result, the new materials must be tested so that it meets the requirement on performance, crash safety, and durability.
By industry vertical, the automotive industry is estimated to dominate the market in 2018 and is projected to continue to do so throughout the forecast period. Similarly, in the aerospace and defense industry, the number of commercial aircraft production is anticipated to increase on account of the growing demand for air travel. The 3D metrology solutions are used to provide the information regarding the load, fatigue, and damage tolerance of the material used while manufacturing aircraft. Moreover, it tends to reduce the cost of manufacturing aircraft by reducing the time for scanning the different components, thus providing the benefit of enhanced speed and throughput along with accuracy. Moreover, the healthcare industry has also been witnessing an increasing adoption of 3D metrology technology. It allows designing a significantly improved treatment package for the patients by giving more accurate scanning results. In fact, the manufacturers of medical devices are increasingly adopting 3D metrology solution due to its ability to provide high precision required for the production of medical devices.
View a sample report or purchase the complete study at https://www.knowledge-sourcing.com/report/3d-metrology-market
Some of the major players covered as part of the report are Faro Technologies, Inc., Hexagon AB, Nikon Corporation, Zygo Corporation, Advantest Corporation, and GOM GmbH among others.
The 3D metrology market has been analyzed through the following segments:
By Solution Component
Optical Digitizer and Scanner
Coordinate Measuring Machine
Video Measuring Machine
By Industry Vertical
Aerospace and Defense
Energy and Power
Europe Middle East and Africa
Middle East and Africa