3D metrology Market Leadership

1 min read

The 3D metrology solutions market was valued at USD 9.49 billion in 2018 and is expected to reach USD 16.18 billion by 2024, at a CAGR of 9.3% from 2018 to 2024. The adoption of 3D metrology equipment in industries such as aerospace & defense, automotive, architecture and construction, medical, electronics, energy & power, and heavy machinery to maintain product quality is expected to drive the growth of the 3D metrology market. Quality control is an integral part of the production process as it helps the process run smoothly without incurring any extra cost.

Under quality control and inspection, 3D metrology is used for alignment, CAD-based inspection, dimensional analysis, and machine calibration, among other functions. Industries such as automotive and aerospace have a complex supply chain consisting of a large number of vendors who demand consistent manufacturing and approval processes to be undertaken to ensure that required standards such as ISO/TS 16949 have been followed.

In 2018, the major 3D metrology leaders in the market were: Hexagon, Carl Zeiss Optotechnik, KLATencor, Mitutoyo, Renishaw. Product launches and development were the primary strategies adopted by players to increase their share in the 3D metrology market. Mergers & acquisitions were the second major strategies adopted by the key players. Partnerships, contracts, agreements, and collaborations were other significant strategies adopted by key players in this market.

Hexagon provides metrology solutions through its Manufacturing Intelligent Division. Hexagon caters to customers in various end-user industries, including aerospace, agriculture, automotive, infrastructure and construction, metal and mining, power, and safety and surveying. The company provides its customers with fully controlled manufacturing solutions that rely on dimensional precision, ensuring that products manufactured precisely conform to the original product design. Moreover, the company also provides after-sales services to its customers.

Carl Zeiss Metrology is among the leaders in CNC coordinate measuring machines and complete solutions for multidimensional metrology in the metrology lab and production. Its significant market share is attributed to the increasing demand for metrology solutions across various industries during the revenue cycle. Moreover, the growth in the automotive and associated supplier industry fuels the growth of the 3D metrology segment. The company’s strategic initiative has helped in improving its market share in the 3D metrology market.

Mitutoyo is among the prominent top 3D metrology companies in the measuring system market owing to its large product portfolio. The company has a diverse product portfolio of measurement solutions offering the complete selection of machines, sensors, systems and services with a line including coordinate measuring machines, vision measuring systems, as well as precision tools & instruments, and metrology data management software. It has a strong global presence, with 46 companies located across the world.

Renishaw designs manufacture, sells, distributes, and services metrology and healthcare products worldwide. The company offers metrology products, including CMMs, machine tool probe systems, probe systems, performance testing products, gauging systems, fixtures, position encoders, additive manufacturing systems, and vacuum casting machines. Renishaw is among the leading players in the 3D metrology market. THE strong R&D spending capability of the company gives it an edge over its competitors. Moreover, the company has an added advantage of in-house manufacturing capabilities. The use of its latest product developments enables it to be competitive with the highest volume processes. The company proactively targets emerging markets through partnership strategies.

Top benefits of charging a Car at Home over…

Electric vehicles offer several benefits over conventional ICE-based vehicles. EVs are cheaper in the long run, easy to maintain, and have a lower carbon...
user
6 min read

How fast are some of the best EV charging…

Electric vehicles are rapidly gaining huge momentum in the ongoing scenario of rising CO2 emissions and scarce fossil fuel resources. It is due to...
user
5 min read

21 Cybersecurity Companies You Need to Know

Cybersecurity guards against cyber-attacks on Internet-connected systems, including hardware, software, and data. It encompasses the complete range of vulnerability reduction, threat reduction, recovery policies,...
user
5 min read

Leave a Reply

Your email address will not be published. Required fields are marked *