Frost & Sullivan’s ‘On-demand Manufacturing Propels the Global Dimensional Metrology Equipment Market for Additive Manufacturing’, is the latest addition to its Measurement & Instrumentation research and analyses available through the Frost & Sullivan Leadership Council. The recent analysis finds that the increasing proliferation of additive manufacturing across all manufacturing industries and rising investments in automotive manufacturing are driving the metrology equipment market for additive manufacturing.

The market is growing and is estimated to garner revenue of $276.6 million by 2024 from $228.3 million in 2019, at 3.9 percent CAGR (compound annual growth rate). However, the key industries such as the automotive, medical, and aerospace and defence sectors will be affected in 2020 due to the ongoing coronavirus situation. Thus, the overall growth of the dimensional metrology market for additive manufacturing is expected to recover in 2021, with production hubs currently shut down.

Over the forecast period, North America and Europe will continue to be the primary drivers of market revenue growth, followed by Asia-Pacific, which is expected to have the fastest growth, at 4.7%  CAGR. The US, Germany and Japan are the three countries that lead the dimensional metrology market for additive manufacturing. For market participants, the rising trend of integrating additive manufacturing as part of the entire production chain offers enormous growth opportunities.

To take advantage of these opportunities, suppliers of metrology equipment can have options for sharing the results with downstream assemblers, customers and partners, as well as concentrating on closed-loop systems to enhance quality assurance as it helps to achieve greater accuracy and speeds, thereby enhancing the quality of the final print. In addition, providers should generate stronger upstream feedback to monitor any process uncertainty, highlight cost-competitive features and higher-resolution image quality, and consider tailored solutions to suit different budgets, with lower fees for conventionally financed deals.

“The growing trend of incorporating additive manufacturing as part of the entire production chain is leading to more adoption of a holistic approach as an integral part of the production chain,” explained Mariano Kimbara, Measurement & Instrumentation Research Analyst, Frost & Sullivan. “Going forward, compared to traditionally siloed environments, an integrated and holistic inspection process will have a better chance of thriving in the dynamic additive manufacturing market.” He further added, “X-ray computed tomography will be the fastest-growing advanced dimensional metrology technology adopted in the market as it will evolve as the most important technology for the inspection of complex internal geometries and 3D-printed components.”

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