PUBLISHER: The Insight Partners | PRODUCT CODE: 1567773
PUBLISHER: The Insight Partners | PRODUCT CODE: 1567773
The Middle East & Africa 3D metrology market was valued at US$ 694.96 million in 2023 and is expected to reach US$ 1,219.67 million by 2031; it is estimated to register a CAGR of 7.3% from 2023 to 2031.
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 Revenue and Forecast to 2031 (US$ Million)
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.