PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1685162
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1685162
Industrial Metrology Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034
The Global Industrial Metrology Market, valued at USD 15.1 billion in 2024, is poised for significant growth, with a projected CAGR of 7.1% between 2025 and 2034. This growth is fueled by the ever-growing demand for precision and accuracy in manufacturing processes. As industries continue to prioritize consistent product quality and adherence to stringent standards, advanced metrology solutions have become indispensable.
The integration of cutting-edge technologies has enabled manufacturers to achieve high precision in various applications, ranging from automotive to aerospace, thereby elevating the market's potential. This focus on precise measurement tools is expected to play a crucial role in the market's expansion. Automation and artificial intelligence (AI) are also contributing to the increasing efficiency and accuracy of measurement processes, boosting demand for industrial metrology tools across multiple industries. As industries evolve and embrace smarter manufacturing methods, the market for industrial metrology solutions is forecast to see sustained growth in the coming years.
| Market Scope | |
|---|---|
| Start Year | 2024 |
| Forecast Year | 2025-2034 |
| Start Value | $15.1 Billion |
| Forecast Value | $29.6 Billion |
| CAGR | 7.1% |
The industrial metrology market is segmented by equipment, with key categories including Coordinate Measuring Machines (CMM), computed tomography, Optical Digitizers and Scanners (ODS), measuring instruments, x-ray and automated optical inspection, form measurement equipment, 2D equipment, and other specialized tools. Among these, the Optical Digitizers and Scanners (ODS) segment is expected to lead, holding a 25.1% share in 2024. These non-contact measurement solutions are crucial for industries requiring highly accurate data, making them a preferred choice for manufacturers across various sectors.
In terms of application, industrial metrology is widely used for reverse engineering, mapping and modeling, quality control and inspection, and other applications. The quality control and inspection segment, in particular, is projected to reach USD 3.98 billion by 2034. This substantial growth is driven by the increasing importance of maintaining high product quality and compliance with safety standards. Automation technologies and AI integration are enhancing the efficiency and accuracy of inspection processes, allowing for more streamlined operations and quicker identification of issues. As a result, companies are turning to advanced metrology solutions to stay competitive and meet industry regulations.
In the United States, the industrial metrology market is expected to grow at a CAGR of 6.5% during the forecast period, making a significant contribution to the North American market. This growth is driven by strong demand across various key sectors, such as aerospace, defense, and automotive. The increasing adoption of metrology technologies in smart manufacturing processes is also spurring market expansion. Furthermore, government initiatives aimed at advancing manufacturing capabilities and promoting innovation are creating a conducive environment for the widespread implementation of industrial metrology solutions.
Table of Contents
Chapter 1 Methodology & Scope
- 1.1 Market scope & definitions
- 1.2 Base estimates & calculations
- 1.3 Forecast calculations
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
Chapter 2 Executive Summary
- 2.1 Industry synopsis, 2021-2034
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Key news & initiatives
- 3.5 Regulatory landscape
- 3.6 Impact forces
- 3.7 Growth drivers
- 3.7.1 Increasing demand for high-precision measurement solutions
- 3.7.2 Growing emphasis on quality control and inspection in manufacturing processes
- 3.7.3 Advancements in metrology technologies and automation
- 3.7.4 Expanding applications in industries such as automotive, aerospace, and electronics
- 3.7.5 Stringent regulatory requirements and standards compliance
- 3.8 Industry pitfalls & challenges
- 3.8.1 Inaccurate Measurements
- 3.8.2 Limited Compatibility and Integration
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.11 PESTEL analysis
Chapter 4 Competitive Landscape, 2024
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
Chapter 5 Market Estimates & Forecast, By Offering, 2021-2034 (USD billion)
- 5.1 Key trends
- 5.2 Hardware
- 5.3 Software
- 5.4 Services
Chapter 6 Market Estimates & Forecast, By Equipment, 2021-2034 (USD billion)
- 6.1 Key trends
- 6.2 Coordinate Measuring Machine (CMM)
- 6.3 Optical Digitizer and Scanner (ODS)
- 6.3.1 3D Laser scanners
- 6.3.2 Laser trackers
- 6.3.3 Laser radar
- 6.3.4 White light
- 6.3.5 Photogrammetry
- 6.4 Measuring Instruments
- 6.5 X-Ray and computed tomography
- 6.6 Automated optical inspection
- 6.7 Form Measurement equipment
- 6.8 2D Equipment
- 6.9 Others
Chapter 7 Market Estimates & Forecast, By Application, 2021-2034 (USD billion)
- 7.1 Key trends
- 7.2 Quality control & inspection
- 7.3 Reverse engineering
- 7.4 Mapping and modelling
- 7.5 Others
Chapter 8 Market Estimates & Forecast, By End Use, 2021-2034 (USD billion)
- 8.1 Key trends
- 8.2 Aerospace & defense
- 8.3 Automotive
- 8.4 Semiconductor
- 8.5 Manufacturing
- 8.6 Others
Chapter 9 Market Estimates & Forecast, By Region, 2021-2034 (USD billion)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Accuscan
- 10.2 Applied Materials, Inc.
- 10.3 Att Metrology Solutions
- 10.4 Automated Precision Inc (Api)
- 10.5 Baker Hughes Company
- 10.6 Cairnhill
- 10.7 Carl Zeiss AG
- 10.8 Creaform
- 10.9 FARO Technologies
- 10.10 Hexagon AB
- 10.11 Jenoptik AG
- 10.12 KEYENCE CORPORATION
- 10.13 KLA Corporation
- 10.14 Mitutoyo Corporation
- 10.15 Nikon Metrology
- 10.16 Nordson Corporation
- 10.17 Perceptron
- 10.18 Renishaw PLC
- 10.19 Sgs Société Générale De Surveillance Sa
- 10.20 Trimet
