The 3D metrology market growth key factors are increased R&D spending on 3D metrology, focus on quality control while manufacturing goods, and demand for higher productivity by electronics manufacturing services companies. Factors such as increasing adoption of cloud computing services and surging demand for industry 4.0 are expected to provide growth opportunities to players in the 3D metrology market. The 3D metrology market is estimated to grow from USD 9.6 billion in 2021 to reach USD 13.4 billion by 2026; it is expected to grow at a CAGR of 6.8% from 2021 to 2026.

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The outbreak and the spread of COVID-19 have affected the 3D metrology market. Several industry experts believe that this pandemic will subside by the end of the first quarter of FY2021. Considering the inputs from various industry experts from different stages of the 3D metrology value chain (which include OEMs, suppliers, end users, and distributors) as well as after consulting financial releases of different companies in the 3D metrology ecosystem for the year 2020, it has been estimated that the size of the 3D metrology market is expected to witness a decline of approx. 4.3% from 2019 to 2020.
The 3D metrology market for services offering is expected to grow at the highest CAGR from 2021 to 2026. The high cost incurred in setting up a 3D metrology facility and the lack of 3D metrology experts are the major factors for the growth of the market for 3D metrology services. Manufacturing companies are outsourcing their 3D metrology measurement and inspection work to service providers to achieve short measuring times, reduced measurement uncertainty, and process stability, thereby driving the 3D metrology services market.

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The 3D metrology market for 3D automated optical inspection (AOI) is expected to grow at the highest CAGR during the forecast period. 3D AOI inspection technology serves as an effective tool for volumetric and co-planarity inspections. It also provides details on the height information of lead tips, BGAs, chip components, and reflowed solder fillets, as well as the critical dimensional information of any height-sensitive component.
3D metrology is used in the automotive industry in the early stages of the design, production, and installation of single components and finished products, and the installation of automated production lines. The process of quality control and inspection is vital for production as it enables faster response to quality issues, thereby leading to the growing demand for 3D metrology systems in the automotive industry.
The key countries contributing to the growth of the 3D metrology market in APAC include Japan, China, India, and South Korea. Countries in APAC are involved in the manufacturing of defense aircraft, which is expected to increase the scope of 3D metrology inspection applications in the aerospace & defense industry. The demand for automobiles and electronic products in APAC is likely to grow in the coming years, which would result in an increased production of vehicles.
Increasing global R&D spending on launching and developing new metrology products and solutions offers business opportunities to measurement companies. Companies such as Hexagon, FARO Technologies, Nikon Corp., and Carl ZEISS have been consistently spending in the research and development of 3D metrology systems as observed in their annual reports over the last three years. All of the above companies have spent more than 10% of their revenue on R&D.

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