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Global 3D Metrology Market to Reach US$ 24.53 Billion by 2033 at 8.5% CAGR: Future Market Insights, Inc.

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NEWARK, Del, May 04, 2023 (GLOBE NEWSWIRE) — The 3D metrology market is predicted to be worth US$ 10.85 billion in 2023 and rise to US$ 24.53 billion by 2033. The global industry was expanding at a CAGR of 8.5% from 2023 to 2033. Many companies are focusing on developing distinctive handheld scanners that are integrated with complementary software to overcome capital constraints. The demand for 3D metrology is expected to increase further due to large public and private investments in additive manufacturing for the development of the aviation sector.

With a 3D measuring scanner, engineers and designers can easily gather high-quality data about their goods, vanishing the need for manual labor. The engineering sector’s high demand for metrology scanners indicates a positive growth rate for the global market.

Take a closer look at our strategic report. Request a sample PDF now:
https://www.futuremarketinsights.com/reports/sample/rep-gb-16949

Profitable Market Opportunity

The development of the application base of universal systems to encompass several functional aspects is limited by the necessity for specialized metrology solutions. As a result, the end-user is forced to pick from a variety of service providers to display a single chain of production processes. Yet, it can increase the associated prices and force customers to acquire their metrology products, contributing to the overall demand.

Key Takeaways

  • By 2033, France is expected to dominate the 3D metrology market in Europe.
  • The 3D metrology market was significantly expanding, with a size of US$ 10 billion in 2022.
  • The market is anticipated to expand at a valuation of US$ 13.86 billion by 2026, as a result of rising applications in end-use industries.
  • Due to the market’s excellent potential and cutting-edge technologies like virtual simulation in manufacturing procedures, analysts expect it is likely to rise 1.08 times between 2022 and 2023.
  • Germany is likely to expand significantly in the 3D metrology market, with a CAGR of 7.1% by 2033.
  • By 2033, the United States is anticipated to dominate the North America region with a 6.2% CAGR.
  • Based on components, the hardware segment dominated the market with a 50% share in 2022 and continued to lead the market during the forecast period.
  • Based on application, quality control, and inspection led the market share in 2022, and continues to lead the market during the forecast period.

Critical Approaches Increasing Top Players’ Wealth

The 3D metrology approach reduces the cost of product development, as well as the overall time needed for new releases. Long-term expenses for significant players have dropped as a result. Some top organizations are using a range of business strategies, such as partnerships, acquisitions, and business development, to broaden the market in the country.

Top key players in the 3D metrology industry are Zeiss International, FARO Technologies, Inc, Hexagon AB, Intertek Group Plc, Nikon Corporation, KLA Corporation, Keyence Corporation, Perceptron, Inc., Renishaw Plc, Applied Materials, and others.

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Recent Developments

  • Hexagon AB purchased Thermopylae Sciences + Technologies in February 2019; the company specialized in geospatial solutions to improve location intelligence. The purchase was made to accelerate the adoption of a 5D visualization application by the American government and defense sector.
  • The introduction of FARO Technologies, Inc., a developer of 4D digital reality solutions’ new end-to-end 3D digital reality capture & collaboration platform, is scheduled for April 2022. This platform analyses and stores measurement data using contemporary methods like cloud computing and artificial intelligence.

Key Segments

3D Metrology by Component:

  • Hardware
  • Software
  • Services

3D Metrology by Application:

  • Quality Control & Inspection
  • Virtual Simulation
  • Reverse Engineering
  • 3D Scanning

3D Metrology by End Use:

  • A&D
  • Automotive
  • Construction & Engineering
  • Medical
  • Heavy Machinery

3D Metrology by Region:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Pacific
  • Middle East and Africa (MEA)

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Table of Content

1. Executive Summary | 3D Metrology Market
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations

2. Market Overview
2.1. Market Coverage/Taxonomy
2.2. Market Definition/Scope/Limitations

3. Market Background
3.1. Market Dynamics
3.2. Scenario Forecast
3.3. Opportunity Map Analysis
3.4. Investment Feasibility Matrix
3.5. PESTLE and Porter’s Analysis
3.6. Regulatory Landscape
3.7. Regional Parent Market Outlook

4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033
4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022
4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 (TOC Continue…)

Browse Detailed Summary of Research Report: https://www.futuremarketinsights.com/reports/3d-metrology-market

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Smartphone 3D Camera Market Size – The global smartphone 3D camera market is expected to record a CAGR of 32.5% through 2032, from an anticipated value of US$ 5.93 billion in 2022. The market is likely to reach a valuation of US$ 98.93 billion by 2032.

Integrated 3D Radar Market Share – The Integrated 3D radar market is likely to strengthen its hold in the global market at a promising CAGR of 12.7% between 2022 and 2032. The market is valued at US$ 16.6 Billion in 2022 and is likely to reach US$ 55 Billion by 2032.

Metrology Software Market Trends – The metrology software market value totalled ~US$ 860 Million in 2020, according to Future Market Insights (FMI). Sales in the metrology software market are expected to surpass ~US$ 1.8 Billion by 2031, growing at a CAGR of around 7.0% from 2021 to 2031.

Metrology Systems Market Growth – The global metrology systems market is expected to reach US$ 15.34 million in 2023 and is projected to exhibit a CAGR of 11.2% from 2023 to 2033.

Aviation Analytics Market Outlook – The global aviation analytics market garnered a market value of US$ 2,887.4 Million in 2022 and is expected to accumulate a market value of US$ 7,216.1 Million by registering a CAGR of 9.6% in the forecast period from 2022 to 2032.

IoT Application Enablement Market Analysis – The IoT application enablement market revenue totaled US$ 2.7 Billion in 2021. The IoT application enablement market is expected to reach US$ 36 Billion by 2032, with demand growing at a CAGR of 26.5% over the forecast period.

Vehicle Tracking System Market Overview – The vehicle tracking system market is estimated to be valued at US$ 22 Billion in 2022 and is anticipated to reach US$ 78.04 Billion by 2032, with a steady CAGR of 13.5% from 2022 to 2032.

Server Security Market Type – The global server security market was worth US$ 24.7 Billion in 2021. The server security market is expected to reach US$ 51.7 Billion by 2032, growing at a CAGR of 7.1% from 2022 to 2032.

North America Flame Retardant Thermoplastics Market Demand – The North America flame retardant thermoplastics market is expected to reach a market valuation of US$ 3.9 Billion by the year 2022, accelerating with a CAGR of 4.8% by 2022 to 2032.

Trade Management Software Market Forecast – According to Future Market Insights, the global trade management software market is projected to grow steadily at a CAGR of 10.9% value, during the forecast period from 2022 to 2032.

About Future Market Insights, Inc.

Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.

Contact Us

Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
Tel: +1-845-579-5705
Email: [email protected]
Web: www.futuremarketinsights.com
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Artificial Intelligence

TRON Forum collaborates with four major microcontroller manufacturers to hold TRON Programming Contest Using World-Standard Real-Time OS with 5 million JP YEN cash prize

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TOKYO, March 29, 2024 /PRNewswire/ — TRON Forum (Chair: Ken Sakamura, Professor Emeritus of the University of Tokyo) is pleased to announce that four microcontroller manufacturers, Infineon Technologies Japan K.K. (President & CEO: Ikuya Kawasaki), STMicroelectronics K.K. (Country Manager for Japan: Koichiro Takakuwa), NXP Japan K.K. (President & CEO: Masayuki Wajima), and Renesas Electronics Corporation (President & CEO: Hidetoshi Shibata) have collaborated with the Forum to hold TRON Programming Contest from Monday, December 11, 2023 jointly. The initial registration is being accepted now.

This contest is for engineers and students in Japan and overseas to compete in various  fields such as microcontroller applications, middleware, development environments, and tools using a member of TRON real-time OS (RTOS) family, “μT-Kernel 3.0” (*), which is a global standard of small-scale embedded computer systems.
(*) μT-Kernel 3.0 is an RTOS that fully complies with the real-time OS standard “IEEE 2050-2018” (IEEE Standard for a Real-Time Operating System (RTOS) for Small-Scale Embedded Systems) and runs on microcontrollers from various manufacturers.
Using the latest microcomputer boards provided by the manufacturers, contestants will compete in technologies that bring out the characteristics of RTOSs such as real-time performance, power saving, and small memory footprint, as well as development environments and tools that utilize new technologies.
The details of the contest with the total amount of cash prize, five million Japanese yen are at the following URL: https://www.tron.org/programming_contest/
About TRON Forum
TRON Forum was established in 2002 to promote TRON Project. We have been actively conducting activities centered on the T-Engine project, which prepares the development environment for embedded systems, and the operation of Ubiquitous ID Centers such as ucode.
In May 2015, Chair Sakamura received the ITU 150th Anniversary Award together with Bill Gates and others for his advocacy of open architecture TRON, which is the origin of ubiquitous networking and the IoT.
One member of the TRON RTOS family has been adopted as an international standard for real-time operating systems (RTOS) for small-scale embedded systems as 2050-2018 by Institute of Electrical and Electronics Engineers (IEEE), the world’s largest association of its kind and an international standardization organization. In 2023, the project leader, Chair Sakamura, received the IEEE Masaru Ibuka Consumer Technology Award from the IEEE in honor of the late Mr. Ibuka. In addition, the TRON RTOS family received the IEEE Milestone recognition in 2023.
URL: https://www.tron.org 
 
 

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XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

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CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
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ICIS and Base Oil News Announce Partnership to Enhance Market Insights

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LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
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