At 9.0% CAGR, North America 3D Metrology Market is Projected to be Worth US$ 7,035.73 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the North America 3D metrology market was valued at US$ 3,524.50 million in 2023 and is expected to reach US$ 7,035.73 million by 2031, registering a CAGR of 9.0% from 2023 to 2031. Increasing demand for 3D metrology in automotive industry and growing adoption of cloud computing are among the critical factors attributed to drive the North America 3D metrology market growth.

In the automotive sector, quality control is crucial to attain top-tier manufacturing. Metrological tools are becoming increasingly popular in the automotive industry because the sector ensures precision in manufactured components by offering precise measurements and consistent data for a tighter, better, and more regulated production line. To speed up design and development, the automotive industry uses optical 3D metrology equipment instead of conventional instruments such as accelerometers, strain gauges, and extensometers. These noncontact instruments are employed in several tests, such as fatigue, impact, crash, wind tunnel, and climatic chamber tests. The seamless and straightforward integration of the devices into the current test stands and facilities has become especially important for global automakers such as Audi, Volkswagen, Porsche, and BMW. Furthermore, the surface and shape criteria for pistons used in automotive shock absorbers must be accurate. Here, the optical 3D metrology approach offers quick, highly reproducible 3D data of the entire surface in a matter of seconds from any angle. Moreover, optical 3D metrology devices are used by the automotive industry to expedite the design and simulation processes. In addition to helping with root cause analysis, 3D optical metrology identifies anomalous behavior in components, such as grating noises, vibrations, and complex motions. The obtained measurements offer valuable insights for quickly refining the design and development of a product. Hence, the demand for 3D metrology devices is increasing in the automotive industry, driving the growth of the market.

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

Based on product, the North America 3D metrology market is segmented hardware, services, and software. The hardware segment held 56.5% market share in 2023, amassing US$ 1,990.79 million. It is projected to garner US$ 4,166.49 million by 2031 to register 9.7% 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 North America 3D metrology market is segmented into quality control and inspection, reverse engineering, virtual simulation, and others. The quality control and inspection segment held 39.5% share of North America 3D metrology market in 2023, amassing US$ 1,392.34 million. It is projected to garner US$ 2,911.46 million by 2031 to expand at 9.7% CAGR from 2023 to 2031.

In terms of end user, the North America 3D metrology market is segmented into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The automotive segment held 24.4% share of North America 3D metrology market in 2023, amassing US$ 860.43 million. It is projected to garner US$ 1,831.78 million by 2031 to expand at 9.9% CAGR from 2023 to 2031.

Based on country, the North America 3D metrology market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 75.6% share of North America 3D metrology market in 2023. It was assessed at US$ 2,662.76 million in 2023 and is likely to hit US$ 5,418.87 million by 2031, registering a CAGR of 9.3% during 2023-2031.

Key players operating in the North America 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.


Contact Us
Phone: +16467917070
Email Id: sales@businessmarketinsights.com