Market Overview
The global Industrial Metrology market size was valued at USD 10,000 million in 2022 and is projected to reach USD 14,000 million by 2033, growing at a CAGR of 6.5% during the forecast period.

Report Scope

Report Attributes	Description
Market Forecast in 2022	USD 10,000 million
Market Forecast in 2033	USD 14,000 million
CAGR % 2023-2033	6.5%
Base Year	2022
Historic Data	2020-2021
Forecast Period	2023-2033
Report USP	Product, end-user industry, company share, company heat map, company Capacity Technology Product capacity, growth factors and more
Key Companies	Hexagon AB; Faro Technologies, Inc.; Nikon Corporation; Mitutoyo Corporation; Carl Zeiss AG; Renishaw plc; Keyence Corporation; Perceptron, Inc.; Creaform Inc.; GOM GmbH

Global Industrial Metrology Market- Description
Industrial metrology refers to the science and technology of measurement used in manufacturing and industrial processes. It involves the use of various precision instruments and techniques to measure and inspect objects, ensuring their compliance with quality standards and specifications. The data collected through metrology enables manufacturers to improve product quality, optimize manufacturing processes, and achieve higher levels of accuracy and efficiency.

The industrial metrology market is witnessing significant advancements in measurement technologies, such as the introduction of non-contact measurement techniques like optical and laser-based systems. These technologies offer higher accuracy, faster measurement speeds, and enhanced automation, enabling manufacturers to streamline their inspection processes. There is a growing trend towards integrating metrology systems with manufacturing processes, particularly in industries like automotive, aerospace, and electronics. This integration allows for real-time measurement and feedback, enabling manufacturers to make immediate adjustments and corrections, reducing scrap and rework, and improving overall productivity. Three-dimensional (3D) metrology is becoming increasingly important in industries where complex and free-form geometries are involved, such as aerospace, medical, and automotive. The demand for 3D metrology solutions is driven by the need to accurately measure and validate these complex shapes, ensuring precise fit, form, and function. The concept of Industry 4.0, characterized by the integration of automation, data exchange, and smart technologies in manufacturing, is also influencing the industrial metrology market. Metrology systems are being integrated into digital manufacturing ecosystems, enabling real-time data collection, analysis, and decision-making, leading to improved quality control and process optimization.

Global Industrial Metrology market: Key Trends
• Portable Metrology Solutions
Portable metrology devices, such as handheld scanners and portable coordinate measuring machines (CMMs), are gaining popularity due to their flexibility and ease of use. These devices allow for on-site measurements and inspection, reducing the need for transporting large components to dedicated metrology labs.

• Increased Emphasis on Metrology Software
The software component of metrology systems is becoming increasingly important. Advanced metrology software enables efficient data analysis, visualization, and reporting, facilitating decision-making and process optimization. Integration with other software systems, such as computer-aided design (CAD) and computer-aided manufacturing (CAM), further enhances the capabilities of metrology systems. The industrial metrology market is expanding in emerging markets, driven by the rapid industrialization and increasing adoption of quality standards in countries like China, India, and Brazil. These markets offer significant growth opportunities for metrology equipment and solutions providers.

Global Industrial Metrology market: Segmental Analysis
Application
• Quality Control & Inspection
• Reverse Engineering
• Mapping & Modeling

End User Industry
• Aerospace & Defense
• Automotive
• Manufacturing
• Semiconductor

Global Industrial Metrology market: Geographical landscape
North America is a significant market for industrial metrology due to the presence of established manufacturing industries, including automotive, aerospace, and electronics. The region has a strong focus on quality control and precision manufacturing, driving the demand for metrology solutions. Key players in this region include Hexagon AB, Carl Zeiss AG, and FARO Technologies, Inc. Europe is another prominent market for industrial metrology. Countries such as Germany, France, and the United Kingdom have a strong manufacturing base, particularly in automotive and aerospace sectors. The region emphasizes high-quality standards and strict regulatory compliance, leading to the adoption of advanced metrology technologies. Major companies like Renishaw plc, Mitutoyo Corporation, and Nikon Metrology are active in this market.

The Asia Pacific region has witnessed significant growth in the industrial metrology market due to the rapid industrialization and the presence of large-scale manufacturing hubs, particularly in China, Japan, and South Korea. The automotive, electronics, and semiconductor industries are major contributors to the demand for metrology solutions in this region. Key players operating in the Asia Pacific market include Keyence Corporation, ZEISS International, and Creaform. Latin America has been experiencing moderate growth in the industrial metrology market. Countries like Brazil and Mexico have substantial manufacturing sectors, creating opportunities for metrology solutions. The automotive and aerospace industries are significant drivers of market growth in this region.

Global Industrial Metrology Market- Impact of COVID 19
The pandemic led to disruptions in global supply chains, affecting the production and distribution of industrial metrology equipment. Restrictions on international trade, lockdown measures, and reduced workforce in manufacturing facilities have caused delays in the delivery of metrology equipment. Many manufacturing industries experienced temporary shutdowns or reduced production capacities due to lockdowns and social distancing measures. This resulted in decreased demand for metrology equipment as manufacturing companies postponed or canceled investments in new equipment. With the economic uncertainties caused by the pandemic, many companies have deferred their capital expenditure plans, including investments in industrial metrology equipment. The focus shifted towards conserving cash and prioritizing essential expenses, leading to a decline in demand for metrology solutions. Industrial metrology often requires on-site inspections and measurements. However, the pandemic made it difficult for metrology professionals to conduct these activities due to travel restrictions and safety concerns. The shift towards remote working and limited on-site access impacted the adoption and utilization of metrology systems.


Global Industrial Metrology Market: Key Companies
• Hexagon AB
• Faro Technologies, Inc.
• Nikon Corporation
• Mitutoyo Corporation
• Carl Zeiss AG
• Renishaw plc
• Keyence Corporation
• Perceptron, Inc.
• Creaform Inc.
• GOM GmbH
• Others

Global Industrial Metrology Market: Regional Scope
North America
• U.S.
• Canada
• Mexico

Europe
• U.K.
• Germany
• France
• Italy
• Spain
• Rest of Europe

Asia Pacific
• China
• India
• Japan
• South Korea
• Australia
• Rest of Asia Pacific

South America
• Brazil
• Argentina
• Rest of South America

Middle East and Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of Middle East and Africa

Why to buy this Report?
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.

The report provides an in depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.

The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
• Business Model
• Production Capacity, Revenue, Sales, Gross Margin
• Key Business Strategy
• SWOT Analysis

In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
• Company Share Analysis from 2018-2022
• Company Analysis by Revenue and Sales
• Company Production Capacity, Gross Margin
• Company Share Analysis by Application/End Use
• Company Share Analysis by Product/Specification.

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