December 13, 2021 02:03 ET | Source: Joint Market Research Joint Market Research
Portland, Oregon, December 13, 2021 (GLOBE NEWSWIRE) - According to a report released by Allied Market Research, the global 3D metrology market generated USD 8.77 billion in 2020 and is expected to reach USD 19.61 billion by 2030. The compound annual growth rate is 9.2% from 2021 to 2030. The report provides an in-depth analysis of the market size, emerging and current trends, future estimates, and major players.
The increase in 3D metrology research and development expenditure, the increase in quality control and inspection application demand, and the surge in demand in the Asia-Pacific region have promoted the growth of the global 3D metrology market. On the other hand, the high initial investment in the establishment of 3D metrology facilities hindered the market. On the contrary, the increasing acceptance of cloud computing services has created market opportunities.
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The report breaks down the global 3D metrology market based on applications, products, end users, and regions. In terms of products, the CMM segment has the highest market share in 2020, accounting for more than a quarter of the total market share, and is expected to dominate the market during the forecast period. On the other hand, the field of automatic optical inspection is expected to show the fastest compound annual growth rate of 19.5% between 2021 and 2030.
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According to the application, the quality control and inspection department contributed the highest market share in 2020, accounting for about one-third of the total market share, and is expected to lead during the forecast period. On the other hand, the virtual simulation part is expected to show the fastest compound annual growth rate of 10.5% between 2021 and 2030.
By region, North America has the highest share in 2020, accounting for about two-fifths of the total share, and is expected to lead during the forecast period. During the forecast period, the global 3D metrology market in the Asia-Pacific region is expected to show the fastest compound annual growth rate of 10.5%.
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The major players in the global 3D metrology market analyzed in the study include 3D Systems Corporation, 3D Digital Corporation, Applied Materials Inc., Automated Precision Inc., Creaform Inc., Carl Zeiss AG, FARO Technologies Inc., Nikon Metrology NV, Keyence Corporation , And Perceptron Inc. These market participants adhere to a variety of strategies, including cooperation, expansion, collaboration, joint ventures, etc., to prove their talents in the industry.
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About us: Allied Market Research (AMR) is the full-service market research and business consulting division of Allied Analytics LLP, headquartered in Portland, Oregon. Allied Market Research provides unparalleled quality "market research reports" and "business intelligence solutions" for global enterprises and small and medium enterprises. AMR provides targeted business insights and consulting to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas.
Pawan Kumar, CEO of Allied Market Research, is leading the organization to provide high-quality data and insights. We have established professional business relationships with many companies, which helps us to mine market data, thereby helping us generate accurate research data sheets and confirm the highest accuracy of our market forecasts. Every piece of data presented in our published report is extracted through preliminary interviews with senior officials of leading companies in related fields. Our secondary data procurement method includes in-depth online and offline research and discussions with knowledgeable professionals and analysts in the industry.