Published on : Sep 14, 2016
ALBANY, New York, September 14, 2016: ResearchMoz.us has announced the addition of a new report to its repository, titled “Global 3D Metrology Systems Market 2016-2020.” The study provides an outline of all the developments that have occurred in the global 3D metrology systems market over the past few years and presents a description of the future growth opportunities as well. The shares and strategies of all the key companies along with their products have also been presented in the report.
According to the study, the global 3D metrology systems market is projected to exhibit a CAGR of 7% from 2016 to 2020. The demand for 3D metrology systems is expected to be driven by the mounting adoption of coordinate measuring machines (CMMs) by numerous end users. As a result of this, the need for implementing quality standards in the processes of product development across various manufacturing industries will further increase leading to a rise in the demand for high-end 3D metrology systems.
To ensure product quality, enhance product life and meet international standards of quality such as QS-90000, Six Sigma, and ISO-9001, various manufacturing industries are adopting CMMs as they measure dimensional accuracy efficiently. Furthermore, the need for manufacturing better quality products is expected to drive the growth of the global 3D metrology systems market. The trend that is expected to gain traction over the next few years is the integration of coordinate measuring machines (CMMs) with scanners. The burgeoning technological advancements to develop easy and accurate CMMs are further expected to boost the sales of 3D metrology systems globally.
The report states that to increase their consumer base, vendors have shifted their attention towards the development of scanning sensors enabled CMMs. The study mentions that Hexagon, a leading company in the global 3D metrology systems market has developed a CMM integrated with a laser scanner. Henceforth, the introduction of advanced 3D metrology systems is likely to attract more new entrants and investments in the global 3D metrology systems market leading to a rise in the development of advanced and accurate CMMs.
Based on product, the CMM segment held a share of approximately 67% in 2015 owing to the increased application of CMM bridge machines in the automotive and aerospace and defense industries. Moreover, the high consumption of horizontal arm machines in the aircraft, railways, and shipbuilding sectors is also anticipated to augment the growth of the global 3D metrology systems market.
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Geographically, the global 3D metrology systems market is segmented into the Americas, Asia Pacific, and Europe, the Middle East and Africa. According to the study, the Americas is projected to lead the global 3D metrology systems market with a global revenue of 37% by 2020. The growth of the 3D metrology market in this region is anticipated to be driven by the progress of the automotive and aerospace industries in the region. The leading vendors in the global 3D metrology systems market are Carl Zeiss, Faro Technologies, Hexagon Manufacturing Intelligence, and Mitutoyo.
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