In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global 3D Metrology market for 2018-2023.
3D Metrology refers to 3D Metrology Equipment. The 3D Metrology Equipment is the dimensional analysis method used to overall measure the object and acquires all surface points of an object including the hidden points such as non-accessible undercuts. The 3D Metrology Equipment is divided into fixed coordinate measuring machines (CMM), optical digitizers and scanners (ODS), and 3D video measuring machines (VMM) by product. These products are used in the quality control process to ensure the accuracy of manufactured products. They are widely used in the industries such as automotive, aerospace, transportation, constructional, power generation, electronics, medical technology and others.
The Consumption of 3D Metrology increases from 151241 Units in 2011 to 232534 Units in 2016, with an average growth rate of 10.75%. The whole market value is 6298.6 million USD in 2016.
This industry is relatively scattered. Top 3 companies in the market occupies about 15.63% of the Revenue market shares in 2016. The major manufacturers of 3D Metrology are Hexagon, Zeiss, FARO, Renishaw, Nikon, GOM, Mitutoyo, Keyence, Perceptron, 3D Digital Corp, Wenzel, Zygo and others.
The biggest growth driver of the global metrology services market is the high adoption rate of CAD/CAM and rising implementation of international quality standards. Other factors contributing to the growth of this market are the shortage of skilled labor to operate precision machines and the poor utility value of the existing measuring equipment. In addition to this, accumulation and analysis of 3D data is also propelling the global metrology services market.
Over the next five years, LPI(LP Information) projects that 3D Metrology will register a 6.0% CAGR in terms of revenue, reach US$ 9670 million by 2023, from US$ 6820 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of 3D Metrology market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
Coordinate Measuring Machine (CMM)
Optical Digitizer and Scanner (ODS)
Video Measuring Machine (VMM)
Segmentation by application:
Automotive
Aerospace
Construction
Power
Medical
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East and Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
Hexagon
Zeiss
FARO
Renishaw Plc
Nikon Metrology
GOM
Mitutoyo
Keyence
Perceptron
3D Digital Corp
Wenzel
Zygo
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global 3D Metrology consumption (value and volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
To understand the structure of 3D Metrology market by identifying its various subsegments.
Focuses on the key global 3D Metrology manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the 3D Metrology with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of 3D Metrology submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
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