Industrial Metrology Market by Offering, Equipment (2D Equipment, Automated Optical Inspection, Coordinate Measuring Machine), Application, End-User Industry

List of Tables

[199 Pages Report] The Industrial Metrology Market size was estimated at USD 11.41 billion in 2023 and expected to reach USD 12.20 billion in 2024, at a CAGR 7.34% to reach USD 18.74 billion by 2030.

Industrial metrology refers to the science of measurement and its application within industrial contexts. It involves the use of measurement science and technology to ensure that manufactured parts and products meet specified requirements and standards. This encompasses various activities, from calibration and use of measurement tools and equipment to verifying and validating measurement processes and methodologies. Industrial metrology enhances product quality, operational efficiency, and compliance with industry standards and regulations. The growing emphasis on quality control in manufacturing and Increasing technological advancements in sensors, measurement solutions, and data analytics tools is propelling the industrial metrology market growth. However, the lack of skilled trainers for integrating new technologies in industrial metrology is a challenge for the growth of the industrial metrology market. The convergence of metrology with digital manufacturing processes under Industry 4.0 provides lucrative opportunities for the expanding industrial metrology market.

KEY MARKET STATISTICS
Base Year [2023]	USD 11.41 billion
Estimated Year [2024]	USD 12.20 billion
Forecast Year [2030]	USD 18.74 billion
CAGR (%)	7.34%

Regional Insights

The industrial metrology market in the Americas has demonstrated steady growth, driven by advancements in manufacturing technologies and the adoption of quality control standards across industries. The United States leads in market share, attributable to its robust automotive, aerospace, and defense sectors that heavily invest in precise manufacturing and quality control. Canada and Brazil also contribute significantly, emphasizing automation and innovation in metrology solutions. Asia-Pacific is witnessing rapid growth in the industrial metrology market, propelled by the rapid industrialization in countries such as China, Japan, South Korea, and India. The Asia-Pacific region benefits from the booming electronics, automotive, and manufacturing sectors, which require high-precision parts and components. The adoption of Industry 4.0 principles, along with government initiatives to promote manufacturing, further fuels the expansion of the metrology market here. The increase in outsourcing manufacturing activities to this region increases the demand for comprehensive metrology solutions. The EMEA region presents a diverse industrial metrology market landscape. The presence of key automotive, aerospace, and manufacturing companies in Germany, France, and the UK drives the demand for high-precision metrology equipment and software. The industrial metrology market in the Middle East is growing steadily, supported by the development of manufacturing and industrial sectors in countries such as Saudi Arabia and the UAE. Africa, while an emerging market, shows potential for growth through investments in infrastructure and industrial development initiatives, particularly in South Africa and Egypt.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Industrial Metrology Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Growing emphasis on quality control in manufacturing
- Technological advancements in sensors, measurement solutions, and data analytics tools
- Rising application in aerospace, automotives and energy sector

Market Restraints
- High costs of equipment and technology deployment

Market Opportunities
- Rising convergence of metrology with digital manufacturing processes under Industry 4.0
- Integration of AI and ML for predictive maintenance and measurement

Market Challenges
- Lack of skilled trainers

Market Segmentation Analysis
- Offering: Increasing use of industrial metrology in physical hardware for predetermined specifications and standards
- Application: Rising importance of industrial metrology in the aerospace & defense industry for quality and precision standards

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Industrial Metrology Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Industrial Metrology Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Manchester Metrology Acquired Apex Metrology

Manchester Metrology acquired Apex Metrology to set a benchmark in metrology services, expanding capabilities across automotive and aerospace sectors with a commitment to innovation and quality. The acquisition signifies a key milestone in Manchester Metrology's growth strategy, promising to deliver advanced meteorological services and support to a broader clientele across various industries. [Published On: 2023-11-07]

Nikon Selected Aeva to Power Next Generation High Precision Industrial Metrology Products

Nikon forged a strategic partnership with Aeva to deliver best-in-class products in the automotive manufacturing, aerospace and energy industries. The partnership marks a significant milestone, as Nikon plans to incorporate Aeva's innovative frequency-modulated continuous wave (FMCW) 4D LiDAR technology into its forthcoming high-precision industrial metrology inspection products. The unique capabilities of Aeva's technology, such as instantaneous velocity measurement and superior interference rejection, promise to set new benchmarks in measurement accuracy, efficiency, and reliability. [Published On: 2023-11-07]

ZEISS Launched New CT System for Efficient Quality Inspections

ZEISS launched its latest innovation in computed tomography (CT) systems. This innovative system is engineered to enhance precision, speed, and user-friendliness in measuring and inspecting parts, thereby facilitating a substantial improvement in quality control processes. [Published On: 2023-06-26]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Industrial Metrology Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Industrial Metrology Market, highlighting leading vendors and their innovative profiles. These include Applied Materials, Inc., ATT Metrology Solutions, Automated Precision, Inc., Baker Hughes Company, Bruker Corporation, Cairnhill Metrology Pte Ltd., Carl Zeiss AG, Creaform by Ametek, Cyberoptics by Nordson Corporation, FARO Technologies, Inc., Hexagon AB, Intertek Group PLC, Jenoptik, Keyence Corporation, KLA Corporation, Mahr Group, Metromecanica, Mitutoyo Corp., Nikon Corporation, Pollen Metrology, Renishaw, SGS S.A., TriMet Group, and WENZEL Group.

Market Segmentation & Coverage

This research report categorizes the Industrial Metrology Market to forecast the revenues and analyze trends in each of the following sub-markets:

Offering
- Hardware
- Services
  - After-Sales Services
  - Measurement Services
  - Software-as-a-Service
  - Storage-as-a-Service

Software

Equipment
- 2D Equipment
- Automated Optical Inspection
- Coordinate Measuring Machine
- Form Measurement Equipment
- Measuring Instruments
- Optical Digitizer & Scanner
- X-Ray & Computed Tomography

Application
- Mapping & Modeling
- Quality Control & Inspection
- Reverse Engineering

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

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-FD3F12D5379F

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Growing emphasis on quality control in manufacturing
  - 5.1.1.2. Technological advancements in sensors, measurement solutions, and data analytics tools
  - 5.1.1.3. Rising application in aerospace, automotives and energy sector
- 5.1.2. Restraints
  - 5.1.2.1. High costs of equipment and technology deployment
- 5.1.3. Opportunities
  - 5.1.3.1. Rising convergence of metrology with digital manufacturing processes under Industry 4.0
  - 5.1.3.2. Integration of AI and ML for predictive maintenance and measurement
- 5.1.4. Challenges
  - 5.1.4.1. Lack of skilled trainers
5.2. Market Segmentation Analysis
- 5.2.1. Offering: Increasing use of industrial metrology in physical hardware for predetermined specifications and standards
- 5.2.2. Application: Rising importance of industrial metrology in the aerospace & defense industry for quality and precision standards
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Industrial Metrology Market, by Offering

6.1. Introduction
6.2. Hardware
6.3. Services
6.4. Software

7. Industrial Metrology Market, by Equipment

7.1. Introduction
7.2. 2D Equipment
7.3. Automated Optical Inspection
7.4. Coordinate Measuring Machine
7.5. Form Measurement Equipment
7.6. Measuring Instruments
7.7. Optical Digitizer & Scanner
7.8. X-Ray & Computed Tomography

8. Industrial Metrology Market, by Application

8.1. Introduction
8.2. Mapping & Modeling
8.3. Quality Control & Inspection
8.4. Reverse Engineering

9. Industrial Metrology Market, by End-User Industry

9.1. Introduction
9.2. Aerospace & Defense
9.3. Automotive
9.4. Manufacturing
9.5. Semiconductor

10. Americas Industrial Metrology Market

10.1. Introduction
10.2. Argentina
10.3. Brazil
10.4. Canada
10.5. Mexico
10.6. United States

11. Asia-Pacific Industrial Metrology Market

11.1. Introduction
11.2. Australia
11.3. China
11.4. India
11.5. Indonesia
11.6. Japan
11.7. Malaysia
11.8. Philippines
11.9. Singapore
11.10. South Korea
11.11. Taiwan
11.12. Thailand
11.13. Vietnam

12. Europe, Middle East & Africa Industrial Metrology Market

12.1. Introduction
12.2. Denmark
12.3. Egypt
12.4. Finland
12.5. France
12.6. Germany
12.7. Israel
12.8. Italy
12.9. Netherlands
12.10. Nigeria
12.11. Norway
12.12. Poland
12.13. Qatar
12.14. Russia
12.15. Saudi Arabia
12.16. South Africa
12.17. Spain
12.18. Sweden
12.19. Switzerland
12.20. Turkey
12.21. United Arab Emirates
12.22. United Kingdom

13. Competitive Landscape

13.1. Market Share Analysis, 2023
13.2. FPNV Positioning Matrix, 2023
13.3. Competitive Scenario Analysis
- 13.3.1. Manchester Metrology Acquired Apex Metrology
- 13.3.2. Nikon Selected Aeva to Power Next Generation High Precision Industrial Metrology Products
- 13.3.3. ZEISS Launched New CT System for Efficient Quality Inspections
13.4. Strategy Analysis & Recommendation

14. Competitive Portfolio

14.1. Key Company Profiles
14.2. Key Product Portfolio