One of the market drivers is the flourishing automotive industry. Resurgence of the manufacturing sector as well as portable metrology solutions is driving the market. The global market is fragmented according to products, applications, end-users, and regions. Products entail Video Measuring Machine (VMM), Optical Digitizer and Scanner (ODS), and Coordinate Measuring Machine (CMM).
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CMMs are preferred by end-users across all industries. They are in demand for their dimensional accuracy in the product development process of companies. Need for quality standards in a product development process will be the prime factor driving demand for this product in the next four years. CMMs embedded with scanning sensors are currently trending the market. For example, Nikon has already launched a multi-contact metrology system capable of measuring 120,000 points per second.
Virtual simulation, quality control & inspection, reverse engineering, and others are major market applications. Quality control & inspection and virtual simulation are applications currently leading with major market shares.
End-users encompass automotive, architecture & construction, heavy machinery, energy & power, aerospace & defense, electronics, geospatial, medical, and others. Architecture & construction are gaining traction in the market. This can be attributed to scanners used to assess the dimensions of the building with the help of computer-aided design (CAD).
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Regions comprise of Asia Pacific, North America, Europe, and Rest of the World (RoW). North America is likely to lead the global 3D metrology systems market due to the presence of major energy & power, architecture & construction, and automotive industries in the region.
Prominent companies in the global 3D metrology systems market are Hexagon AB; Faro Technologies, Inc.; Carl Zeiss AG; and Mitutoyo Corporation. Price wars are a huge issue in the industry. Domestic players are offering customized 3D metrology systems and offering it at a much lower price to gain advantage over international players. Technological innovations are another method used by these players.
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