Industrial Metrology Market Size Worth $20,261.2 Million By 2032 | CAGR: 6.1%

Industrial Metrology Market Size Worth $20,261.2 Million By 2032 | CAGR: 6.1%

The global industrial metrology market size is expected to reach USD 20,261.2 million by 2032, according to a new study by Polaris Market Research. The report “Industrial Metrology Market Share, Size, Trends, Industry Analysis Report, By Offering (Hardware, Software, Services); By Equipment; By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The industrial metrology market is expected to experience significant growth, with the aerospace and defense sector driving this growth. Factors contributing to this growth is the rise in geopolitical tensions among different countries, resulting in an increasing demand for accurate defense applications, including mechanical and electronic components. The increasing combats with critical missions require rigorous traceability and calibration, especially in military vehicles and aircraft, further driving the demand for precision metrology solutions in this sector.

The market growth is also complemented by advancements in high-tech technologies, big data, and virtual defense and aerospace vehicles, including drones. These technologies are creating new opportunities for metrology solutions providers to offer innovative and precise solutions to the aerospace and defense industry.

Have Questions? Request a sample or make an Inquiry before buying this report by clicking the link below:

The market is currently experiencing several notable trends. Such a trend is integrating Industry 4.0 and the Internet of Things (IoT) into metrology solutions. This integration enables real-time monitoring and data analysis, improving the efficiency and accuracy of the manufacturing process. Additionally, there is a growing trend toward adopting portable metrology devices that offer flexibility and mobility, making them ideal for on-site measurements and inspections.

Another significant trend in the market is the emergence of 3D metrology, which has revolutionized how measurements are taken. 3D metrology offers higher accuracy and faster measurement times than traditional 2D methods, allowing for more comprehensive measures, including surface profiling, form measurement, and feature measurement. Furthermore, there is an increasing demand for non-contact metrology solutions, such as optical measurement systems and laser scanners, due to their ability to measure complex geometries without damaging the estimated object.

Industrial Metrology Market Report Highlights

  • The hardware segment accounted for the largest revenue share in the market. Hardware can provide precise and accurate measurements of distance and surface separation.
  • The optical digitizer and scanners segment is anticipated to hold the highest CAGR over the projected period due to the increasing demand in various end-use industries driving the growth of optical digitizers and scanners in the market.
  • The quality control and inspection segment is anticipated to hold the fastest growth rate over the forecast period. The demand is rising due to the growing need for high productivity and accuracy in various industries.
  • The automotive segment is expected to dominate the market and will likely continue its dominance over the forecast period. The growing need for 3D metrology equipment for quality assurance, particularly in the automobile industry, due to the increasing demand for inspection and the complexity of parts, is positively influencing the industrial metrology market.
  • Asia Pacific region expected to hold the highest CAGR during the forecast period due to increasing demand for industrial metrology products and investments in automation and research.
  • The global key market players include Applied Materials, Inc., Automated Precision Inc., Carl Zeiss AG, Creaform, FARO Technologies, GOM Technologies, Hexagon AB, Jenoptik, Keyence, KLA Corporation, LK Metrology, Mitutoyo Corporation, Nikon Corporation, Nikon Metrology, Perceptron, and Renishaw.

Polaris Market Research has segmented the Industrial Metrology market report based on offering, equipment, application, end-use, and region:

Industrial Metrology, Offering Outlook (Revenue - USD Million, 2019 - 2032)

  • Hardware
  • Software
  • Services

Industrial Metrology, Equipment Outlook (Revenue - USD Million, 2019 - 2032)

  • Coordinate Measuring Machine (CMM)
  • Optical Digitizer and Scanner (ODS)
  • 3D Laser Scanners
  • Laser Trackers
  • Laser Radar
  • White Light
  • Photogrammetry
  • Measuring Instruments
  • X-Ray and Computed Tomography
  • Automated Optical Inspection
  • Form Measurement Equipment
  • 2D Equipment

Industrial Metrology, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Quality Control & Inspection
  • Reverse Engineering
  • Mapping and Modeling
  • Others

    Industrial Metrology, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Aerospace & Defense
  • Automotive
  • Semiconductor
  • Manufacturing
  • Others

Industrial Metrology, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa