3D meteorology systems: Key market research findings
- Integration of CMMs with scanning sensors spurs market growth
- CMM segment accounts for a majority share of the market revenue
- Key vendors – Carl Zeiss, Faro Technologies, Hexagon Manufacturing Intelligence, and Mitutoyo
According to Technavio’s market research analysts, the global market for 3D meteorology systems to grow at a CAGR of more than 7% between 2016 and 2020. The increased demand for mobile and portable CMMs is augmenting the demand for 3D meteorology systems in the market. Vendors are increasingly developing mobile and portable CMMs because the demand for such machines is on the rise in a number of industries. Mobile and portable CMMs are unaffected by disturbances such as vibrations, part displacement, and setup or CMM instability. These machines are used extensively across the automotive, aerospace, and manufacturing industries. During 2015, the global 3D meteorology systems market was dominated by the Americas with a market share of 36%. The presence of automobile manufacturing companies such as Ford, GM, and Chrysler Group in this region will influence the growth of the 3D meteorology systems market in the Americas during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the 3D meteorology segments based on the product.
“Recent technological advances in the field of metrology is one of the key trends that has a positive influence on the growth of the global 3D meteorology systems market during the forecast period. The market is currently witnessing the emergence and availability of CMMs integrated with scanning sensors. Vendors are developing such technology that provides highly accurate measurement,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The CMM segment dominated the global 3D meteorology equipment market by accounting for around 67% of the overall market share. The CMM segment can be broken down into four sub-segments, including bridge machines, articulated arm machines, horizontal arm machines, and gantry machines. Their ability to provide highly accurate measurement is resulting in the widespread adoption of bridge machines across a number of industries. The major applications where bridge machines are used are machine and press parts, plastic molding, casting and forging, touch trigger, non-contact inspection, digitizing, scanning, and reverse engineering.
The key vendors in the global 3D meteorology systems market include Carl Zeiss, Faro Technologies, Hexagon Manufacturing Intelligence, and Mitutoyo. The competitive environment in the 3D metrology systems market is expected to intensify with the increase in technological innovations, M&A, and product extensions. International players are also acquiring local or regional players to gain market shares. Currently, a number of local and regional vendors provide 3D metrology systems with a high level of customization that is more affordable than that of international vendors. Though new vendors are entering this market, they find it difficult to compete with multinational vendors in terms of quality, features, functionality, and service.
A more detailed analysis is available in the Technavio report, Global 3D Meteorology Systems Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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