At 7.9% CAGR, Europe 3D Metrology Market is Projected to be Worth US$ 4,927.44 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Europe 3D metrology market was valued at US$ 2,674.60 million in 2023 and is expected to reach US$ 4,927.44 million by 2031, registering a CAGR of 7.9% from 2023 to 2031. Increasing need for 3D metrology in aviation industry and rising requirement for high productivity by electronic manufacturers are among the critical factors attributed to drive the Europe 3D metrology market growth.

In the harsh conditions that aircraft components face, even minor flaws can result in significant performance reduction. The need for precision grows as aerospace technology advances. Modern technology is becoming more and more crucial because even slight deformations can have a negative impact on an aircraft's overall performance. Engineers are regularly working on monitoring surface defects down to the nanoscale with the help of advanced 3D metrology, which can guarantee maximum performance for their components. The aircraft's airfoil can be measured using 3D metrology. Here, the thickness and camber of even the smallest airfoils may be precisely measured by engineers using blue light scanning or other optical metrology techniques such as Nikon's laser-based APDIS. They can also examine how the thickness and camber may fluctuate across the body of the component. By doing this, the producers are able to identify wear on the leading edge of the airfoil. Reducing these flaws improves the behavior of the component because they can have a detrimental effect on how well it performs. Additionally, metrology can be utilized to improve an aircraft's engine's performance. Analyzing the engine's fan and turbine blades helps maximize thrust generation, much as measuring the airfoil. Furthermore, there is room for improvement in the engine housing structure. Even while tiny modifications to the engine's geometry may seem insignificant, they have a direct impact on airflow, which in turn influences the engine's efficiency. Hence, the growing need for 3D metrology in aviation industry is expected to create an opportunity for the growth of the Europe 3D metrology market in the forecasted period.

On the contrary, the divergent measurement systems and standards hampers the growth of Europe 3D metrology market.

Based on product, the Europe 3D metrology market is segmented hardware, services, and software. The hardware segment held 54.6% market share in 2023, amassing US$ 1,459.72 million. It is projected to garner US$ 2,827.00 million by 2031 to register 8.6% CAGR during 2023-2031. The hardware segment is further sub segmented into coordinate measuring machine, optical digitizer and scanner, video measuring machine, 3D automated optical inspection, and others.

Based on application, the Europe 3D metrology market is segmented into quality control and inspection, reverse engineering, virtual simulation, and others. The quality control and inspection segment held 37.8% share of Europe 3D metrology market in 2023, amassing US$ 1,010.27 million. It is projected to garner US$ 1,955.90 million by 2031 to expand at 8.6% CAGR from 2023 to 2031.

In terms of end user, the Europe 3D metrology market is segmented into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The automotive segment held 27.1% share of Europe 3D metrology market in 2023, amassing US$ 724.74 million. It is projected to garner US$ 1,422.82 million by 2031 to expand at 8.8% CAGR from 2023 to 2031.

By country, the Europe 3D metrology market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Our regional analysis states that the Rest of Europe captured 26.1% share of Europe 3D metrology market in 2023. It was assessed at US$ 699.14 million in 2023 and is likely to hit US$ 1,169.45 million by 2031, registering a CAGR of 6.6% during 2023-2031.

Key players operating in the Europe 3D metrology market are Artec Europe, Creaform Inc, FARO Technologies Inc, Hexagon AB, Intertek Group Plc, Keyence Corp, Mitutoyo America Corporation, Nikon Metrology NV, Shining 3D Tech Co Ltd, and ZEISS Group, among others.


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