At 9.7% CAGR, Asia Pacific 3D Metrology Market is Projected to be Worth US$ 8,602.59 Million by 2031, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific 3D metrology market was valued at US$ 4,107.29 million in 2023 and is expected to reach US$ 8,602.59 million by 2031, registering a CAGR of 9.7% from 2023 to 2031. Growing adoption of cloud computing and rising demand for industry 4.0 are among the critical factors attributed to drive the Asia Pacific 3D metrology market growth.

Cloud computing enhances manufacturing operations by leveraging computing power, big data processing, and decision-making based on insights. Hence, it is a vital tool for the modern manufacturing sector. The use of cloud computing in manufacturing has increased dramatically, from supply chain management to acquiring machine environmental data through Internet of Things apps and other cutting-edge technology. Manufacturers can use cloud-based IoT solutions to obtain machine data in real time from the shop floor. Machine data assists producers in monitoring the machine's availability at the plant, productivity, energy consumption, machine maintenance, and output quality. This aids manufacturers in the planning of production activities based on the availability and performance of their machines. Additionally, because cloud services offer a wide range of security solutions, cloud-based tools guarantee improved data security. The data encryption and deterrents offered by all cloud computing technologies enable manufacturers to use cloud-based solutions. Moreover, one of the main reasons for the adoption of cloud technologies by manufacturing organizations is cost reduction. Manufacturers can save a lot of money on online solutions, processing power, data storage, and other IT resource expenditures by utilizing cloud computing. As cloud computing provides a flexible and scalable infrastructure that helps in machine monitoring, data storage and security, and cost reduction, its adoption is increasing. The growing adoption of cloud computing is anticipated to be a major trend in the 3D metrology market during the forecast period.

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

Based on product, the Asia Pacific 3D metrology market is segmented hardware, services, and software. The hardware segment held 57.2% market share in 2023, amassing US$ 2,351.08 million. It is projected to garner US$ 5,142.90 million by 2031 to register 10.3% 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 Asia Pacific 3D metrology market is segmented into quality control and inspection, reverse engineering, virtual simulation, and others. The quality control and inspection segment held 42.0% share of Asia Pacific 3D metrology market in 2023, amassing US$ 1,725.47 million. It is projected to garner US$ 3,778.75 million by 2031 to expand at 10.3% CAGR from 2023 to 2031.

In terms of end user, the Asia Pacific 3D metrology market is segmented into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The automotive segment held 24.5% share of Asia Pacific 3D metrology market in 2023, amassing US$ 1,004.74 million. It is projected to garner US$ 2,187.55 million by 2031 to expand at 10.2% CAGR from 2023 to 2031.

By country, the Asia Pacific 3D metrology market is segmented into China, Japan, South Korea, India, Australia, and the Rest of Asia Pacific. Our regional analysis states that China captured 28.4% share of Asia Pacific 3D metrology market in 2023. It was assessed at US$ 1,166.06 million in 2023 and is likely to hit US$ 2,695.56 million by 2031, registering a CAGR of 11.0% during 2023-2031.

Key players operating in the Asia Pacific 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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