AP NEWS
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.
PRESS RELEASE from provider: Business Wire
This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Global 3D Optical Metrology Market Analysis, Size, Share, Growth, Trends and Forecast (2016-2024) - ResearchAndMarkets.com

March 11, 2019

DUBLIN--(BUSINESS WIRE)--Mar 11, 2019--The “3D Optical Metrology Market, by Type; by Component by Application; by Vertical: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024” report has been added to ResearchAndMarkets.com’s offering.

The global 3D optical metrology market was valued at around USD 11,200 million in 2016 and is expected to reach over USD 19,500 million by the end of 2024, growing at a CAGR of over 7% between 2017 and 2024.

Industries are now majorly focusing on improving their products by increasing the reliability and the quality factors which can be done with the help of different 3D optical measuring devices. With the help of accurate 3D scanning and inspection analysis, the manufacturers are improving their quality control thus triggering the growth of the market. The inability of the conventional measuring devices to address several manufacturing issues also attributes to the growth of the market.

High maintenance cost of the tools, capital requirement, and the lack of expertise in handling the 3D metrology systems are expected to be major restraining factors for industry participants throughout the forecast period.

There is an increased demand for the optical digitizers and scanners owing to its utilization for the precise optical measurements. In various sectors such as automotive and aerospace, micro and nanostructures are studied in detail. For these precise measurements, the optical digitizers and scanners are used widely thus increasing its demand in the global market. The optical digitizers and scanners are being used increasingly in the consumer electronics sector owing to the requirement of accurate measurements.

The hardware segment contributed a major market share of over USD 11,000.0 million in 2017. But the software segment is expected to register the highest CAGR in the coming years. The 3D metrology software has the ability to solve complex engineering tasks rapidly and accurately this increasing its demand in the 3D optical metrology market.

In any of the manufacturing process, quality control plays a vital role in ensuring the smooth functioning of the production without incurring any extra cost. Thus, quality control contributed a major share in the 3D optical metrology market. Reverse engineering is expected to witness the highest CAGR growth owing to the fact that qualitative products can be produced using reverse engineering.

The automotive segment contributed the highest market share of about USD 2,900.0 million in 2016. The architecture and the construction sector is expected to register the highest CAGR growth in the coming years. The integration of the 3D scanning technology with software such as computer-aided design (CAD) in the architecture construction industry has propelled the growth of the market.

North America is expected to dominate the 3D optical metrology market. The increased adoption of the advanced and latest 3D scanning technologies for improving the product quality across all the sectors is driving the growth of the market in this region. Rapid digitalization across all industries and technological advancements in the countries of North America has fuelled the growth of the 3D optical metrology market.

The global 3D optical metrology market report profiles some of the leading players in the market and analyzes their key strategies. The major players in the market are Capture 3D, Carl Zeis, Faro Technologies, Gom, Hexagon Metrology, Leica Microsystems, Nikon Metrology, Perceptron, Sensofar USA, SteinbichlerOptotechnik, Zeta Instruments, and Zygo.

The prominent market players maintain the competitive edge in the global market by making investments in the mergers and acquisitions and by increasing their product portfolio. For instance, in July 2017, Hexagon Manufacturing Intelligence launched the QUINDOS 7.12, the new version of the leading metrology software for special geometries.

Topics Covered

1. Introduction

1.1. Report description and scope

1.2. Research scope

1.3. Research methodology

1.3.1. Market research process

1.3.2. Market research methodology

2. Executive Summary

2.1. Global 3D optical metrology market, 2016-2024 (USD Million)

2.2. Global 3D optical metrology market: Snapshot

3. 3D optical metrology - Market Dynamics

3.1. Introduction

3.2. Market drivers

3.2.1. Accurate Inspection Owing to 3D Data for Modeling and Analysis

3.2.2. Growing Focus on Quality Control

3.3. Restraints

3.3.1. High Cost Incurred for Setting Up the 3D Metrology

3.4. Opportunities

3.4.1. Growing Iiot Market Drives the Demand for 3D Metrology in Automation

3.4.2. The inability of Traditional Measurement Devices to Address Many Manufacturing Issues

3.4.3. Growing Demand for 3D Metrology Types

3.4.4. Advancement in 3D Metrology Systems

3.5. Porters five forces analysis

3.5.1. Bargaining power of suppliers

3.5.2. Bargaining power of buyers

3.5.3. The threat from new entrants

3.5.4. The threat from new substitutes

3.5.5. Degree of competition

3.6. Market attractiveness analysis

3.6.1. Market attractiveness analysis, by type segment

3.6.2. Market attractiveness analysis, by component segment

3.6.3. Market attractiveness analysis, by application segment

3.6.4. Market attractiveness analysis, by vertical segment

3.6.5. Market attractiveness analysis, by regional segment

4. Global 3D optical metrology market - Competitive Landscape

4.1. Company market share, 2016 (Subject To Data Availability)

4.2. Strategic Development

4.2.1. Acquisitions Mergers

4.2.2. New Product Launch

4.2.3. Agreements, Partnerships, Collaborations and Joint Ventures

4.2.4. Research and Development, Product and Regional Expansion

5. Global 3D optical metrology market - Type Segment Analysis

5.1. Global 3D optical metrology market: type overview

5.2. 3D Automated Optical Inspection System

5.3. Optical Digitizer and Scanner

5.4. Laser Scanning

5.5. Coordinate Measuring Machine

6. Global 3D optical metrology market - Component Segment Analysis

6.1. Global 3D optical metrology market: component overview

6.2. Software

6.3. Hardware

7. Global 3D optical metrology market - Application Segment Analysis

7.1. Global 3D optical metrology market: Application overview

7.2. Quality Control

7.3. Reverse Engineering

7.4. Rapid Prototyping

7.5. Virtual Assembly

7.6. Others

8. Global 3D optical metrology market - Vertical Segment Analysis

8.1. Global 3D optical metrology market: Vertical overview

8.2. Aerospace Defense

8.3. Automotive

8.4. Architecture Construction

8.5. Medical

8.6. Electronics

8.7. Energy Power

8.8. Heavy Machinery

8.9. Others

9. Global 3D optical metrology Market - Regional Segment Analysis

9.1. Global 3D optical metrology market: Regional overview

9.2. North America

9.3. Europe

9.4. Asia Pacific

9.5. Latin America

9.6. Middle East and Africa

10. Company Profiles

10.1. Capture 3D

10.2. Carl Zeiss

10.3. Faro Technologies

10.4. Gom

10.5. Hexagon Metrology

10.6. Leica Microsystems

10.7. Nikon Metrology

10.8. Perceptron

10.9. Sensofar USA

10.10. Steinbichler Optotechnik

10.11. Lifespan International Inc Zeta Instruments

10.12. Zygo

For more information about this report visit https://www.researchandmarkets.com/research/55pxdv/global_3d_optical?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20190311005479/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Press Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Optical Sensors

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE SOFTWARE MANUFACTURING OTHER MANUFACTURING

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 03/11/2019 09:01 AM/DISC: 03/11/2019 09:01 AM

http://www.businesswire.com/news/home/20190311005479/en