Shape Measuring Device Market

Shape Measuring Device Market by Measurement Type 2D Shape Measurement  3D Shape Measurement Shape Measuring Device Market The 2D shape measurement segment is projected to account for the larger market share in 2023. These devices have applications in various industries, such as manufacturing, automotive, and construction. They also provide data about the dimensions and angles of 2D objects, which are crucial for quality control, design verification, and reverse engineering.

The 2D shape measurement device market is expected to grow at a CAGR of around 5.5% during the forecast period.Owing to these factors, this market segment is also expected to be the largest in 2023. The 3D shape measurement segment is also expected to exhibit substantial growth over the forecast period. With these devices, users can obtain an analysis of the objects, providing data about the surface area, volume, and other complex geometric features, which enable them to determine the density, porosity, and residual stress of the objects.

The revenue of the Shape Measuring Device Market is to reach $10.07 billion by the year 2024, up from $6.4 billion in 2020, growing at a CAGR of 6.3% during the forecast period. Technologysegmentation is of crucial importance for the development of the industry. Thus, Laser-Based Shape Measurement technology leads the market by taking a share of 35% in 2023, as it demonstrates high accuracy, is non-contact and non-destructive, as well as compatible with complex shapes.

Concurrently, Structured Light-Based Shape Measurement technology is expected to generate the highest CAGR of 7.2% in the investigated period, which can be attributed to its affordability and simplicity of application.In its turn, Photogrammetry-Based Shape Measurement technology should account for a number of 28% in 2024, as it allows to take pictures of the targeted objects in 3D and calculate the right angles. Finally, X-Ray-Based Shape Measurement technology has the potential to take a market share of 12% in the same period, as it is popular for medical diagnostics and industrial control.

The Shape Measuring Device Market segmentation by Application is divided into Quality Control and Inspection, Reverse Engineering, Dimensional Analysis, Virtual Reality and Augmented Reality. The Quality Control and Inspection segment is expected to hold the largest market share in 2023 and is projected to grow at a CAGR of 6.5% from 2024 to 2032, owing to the increasing demand for quality control and inspection in various industries, including manufacturing, automotive, and aerospace.

The Reverse Engineering segment is expected to grow at a CAGR of 6.8% from 2024 to 2032 due to the growing need for reverse engineering in product development and innovation.The Dimensional Analysis segment is expected to grow at a CAGR of 6.2% from 2024 to 2032, owing to the increasing demand for dimensional analysis in manufacturing and design processes. The Virtual Reality and Augmented Reality segment is expected to grow at a CAGR of 7.0% from 2024 to 2032 due to the growing adoption of virtual reality and augmented reality in various applications, including training, simulation, and design.

The Shape Measuring Device Market is segmented into various end-user industries, including automotive, aerospace, medical, manufacturing, and construction. Each industry has specific requirements for shape measuring devices, driving the market growth in different ways. The automotive industry is a major end-user of shape-measuring devices, with a market size of USD 2.4 billion in 2023 and is projected to reach USD 3.5 billion by 2032.

The demand for shape-measuring devices in the automotive industry is driven by the need for precise measurement and inspection of complex automotive components, such as engine parts, body panels, and chassis.The aerospace industry is another significant end-user of shape-measuring devices, with a market size of USD 1.8 billion in 2023 and is projected to reach USD 2.7 billion by 2032. The aerospace industry requires shape-measuring devices for the precise measurement and inspection of aircraft components, such as wings, fuselages, and engine parts, to ensure safety and performance.

The Shape Complexity segment of the Shape Measuring Device Market is categorized into Simple Shapes, Complex Shapes, and Freeform Shapes. Among these, Simple Shapes held the largest market share in 2023, accounting for around 45% of the Shape Measuring Device Market revenue. This dominance is attributed to the widespread adoption of simple shapes in various industries, including automotive, aerospace, and manufacturing. Complex Shapes followed closely, capturing approximately 30% of the market share.

The increasing demand for precision measurement in complex components, such as those found in medical devices and electronics, is driving the growth of this segment.Freeform Shapes, though currently holding a smaller market share, are expected to witness significant growth in the coming years. The growing adoption of 3D printing and additive manufacturing technologies is fueling the demand for accurate measurement solutions for freeform shapes. Overall, the Shape Complexity segment is expected to continue its growth trajectory, driven by advancements in measurement technologies and the increasing adoption of complex shapes across industries.