The Middle East & Africa 3D metrology market was valued at US$ 694.96 million in 2023 and is expected to reach US$ 1.21 billion by 2031; it is estimated to register a CAGR of 7.3% from 2023 to 2031.
3D metrology has been integrated into smart electronic manufacturing processes because it is necessary to have precise, actionable, and real-time data in order to maximize output and improve overall efficiency. The technology has become an essential component of the entire production lifecycle in smart electronic manufacturing, going beyond quality control & inspection. It offers a complete solution to monitor and enhance processes at every level, from design and prototype to production and post-manufacturing analysis. Thus, the rising demand for high productivity by electronic manufacturers is boosting the growth of the Middle East & Africa 3D metrology market.
Rising Requirement for High Productivity by Electronic Manufacturers Bolsters Middle East & Africa 3D Metrology Market
Electronic devices-including smartphones, tablets, laptops, wearables devices, and home appliances-have become essential in daily life. The demand for electronic devices is continuously increasing worldwide. Companies are working on automating their production facilities to cater to this rising demand. As automation follows stringent safety regulations and provides superior energy efficiency and better design, resulting in outstanding production levels in factories, its adoption is increasing worldwide. Moreover, automation helps lower process costs and ensure workers' safety in adverse environments. Because of these benefits, governments of various countries are taking several initiatives to automate factories.3D metrology has been integrated into smart electronic manufacturing processes because it is necessary to have precise, actionable, and real-time data in order to maximize output and improve overall efficiency. The technology has become an essential component of the entire production lifecycle in smart electronic manufacturing, going beyond quality control & inspection. It offers a complete solution to monitor and enhance processes at every level, from design and prototype to production and post-manufacturing analysis. Thus, the rising demand for high productivity by electronic manufacturers is boosting the growth of the Middle East & Africa 3D metrology market.
Middle East & Africa 3D Metrology Market Overview
One of the major factors driving the Saudi Arabia 3D metrology market is the country's growing healthcare sector. The country accounts for ~60% of the Gulf Cooperation Council (GCC) countries' healthcare expenditure. The country's government is planning to invest over US$ 65 billion to develop the healthcare infrastructure by 2031. In addition, Saudi Arabia's telehealth adoption rate is ~70%, and ~34% of young physicians are using AI to facilitate diagnoses, which will increase the demand for electronic devices in the country, thus fueling the growth of the Middle East & Africa 3D metrology market in Saudi Arabia.Middle East & Africa 3D Metrology Market Segmentation
- The Middle East & Africa 3D metrology market is categorized into product, application, end user, and country.
- Based on product, the Middle East & Africa 3D metrology market is segmented hardware, services, and software. The hardware segment held the largest market share in 2023. 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 Middle East & Africa 3D metrology market is segmented into quality control and inspection, reverse engineering, virtual simulation, and others. The quality control and inspection segment held the largest market share in 2023.
- In terms of end user, the Middle East & Africa 3D metrology market is segmented into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The medical segment held the largest market share in 2023.
- By country, the Middle East & Africa 3D metrology market is segmented into Saudi Arabia, the UAE, South Africa, and the Rest of Middle East & Africa. Saudi Arabia dominated the Middle East & Africa 3D metrology market share in 2023.
- FARO Technologies Inc, Hexagon AB, Intertek Group Plc, Keyence Corp, Mitutoyo America Corporation, Nikon Metrology NV, and ZEISS Group are some of the leading companies operating in the Middle East & Africa 3D metrology market.
Market Highlights
- Based on product, the Middle East & Africa 3D metrology market is segmented hardware, services, and software. The hardware segment held 53.2% market share in 2023, amassing US$ 369.62 million. It is projected to garner US$ 682.24 million by 2031 to register 8.0% 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.
- The quality control and inspection segment held 42.9% share of Middle East & Africa 3D metrology market in 2023, amassing US$ 298.42 million. It is projected to garner US$ 543.55 million by 2031 to expand at 7.8% CAGR from 2023 to 2031.
- In terms of end user, the Middle East & Africa 3D metrology market is segmented into automotive, electronics, aerospace and defense, medical, energy and power, heavy machinery, and others. The medical segment held 24.9% share of Middle East & Africa 3D metrology market in 2023, amassing US$ 172.73 million. It is projected to garner US$ 296.94 million by 2031 to expand at 7.0% CAGR from 2023 to 2031.
- This analysis states that Saudi Arabia captured 33.3% share of Middle East & Africa 3D metrology market in 2023. It was assessed at US$ 231.49 million in 2023 and is likely to hit US$ 434.68 million by 2031, registering a CAGR of 8.2% during 2023-2031.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the Middle East & Africa 3D metrology market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the Middle East & Africa 3D metrology market, thereby allowing players across the value chain to develop effective long-term strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize in-depth Middle East & Africa market trends and outlook coupled with the factors driving the Middle East & Africa 3D metrology market, as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution.
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Middle East & Africa 3D Metrology Market Landscape
5. Middle East & Africa 3D Metrology Market - Key Market Dynamics
6. 3D Metrology Market - Middle East & Africa Market Analysis
7. Middle East & Africa 3D Metrology Market Analysis - by Product
8. Middle East & Africa 3D Metrology Market Analysis - by Application
9. Middle East & Africa 3D Metrology Market Analysis - by End User
10. Middle East & Africa 3D Metrology Market - Country Analysis
11. Competitive Landscape
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
Some of the leading companies in the Middle East and Africa 3D Metrology market include:- FARO Technologies Inc
- Hexagon AB
- Intertek Group Plc
- Keyence Corp
- Mitutoyo America Corporation
- Nikon Metrology NV
- ZEISS Group
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 98 |
| Published | August 2024 |
| Forecast Period | 2023 - 2031 |
| Estimated Market Value ( USD | $ 694.96 Million |
| Forecasted Market Value ( USD | $ 1210 Million |
| Compound Annual Growth Rate | 7.3% |
| Regions Covered | Africa, Middle East |
| No. of Companies Mentioned | 8 |
