Industrial Metrology Market

Introduction of the Industrial Metrology Market Report

Industrial metrology is a science of measurement used in the manufacturing process to ensure the quality and accuracy of manufactured parts and components. Industrial metrology uses the units of measurement, the realization of these units of measurement in practice with standard measuring tools, and last traceability, which involves linking measurements made to the reference standards. Industrial metrology is the inspection technology to determine the best quality of the products and components.

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Market Dynamic

Key Drivers and Emerging Trends

The global industrial metrology market is driven by the increasing demand to inspect the components in the industrial manufacturing industries, including in the automotive, aerospace and defense among others. For instance, according to the International Organization of Motor Vehicle Manufacturers, the global automotive production of passenger and commercial vehicles in 2019 reached 67.14 and 20.22 million, respectively. Thus, in automotive facilities, the industrial metrology market plays a vital role in providing high-quality automotive components.

Further, the rising adoption of advanced technology methods such as Big-Data analytics, 3D measurement, IoT, AI for automating the processes of the industry is witnessing potential demand for the growth of the industrial metrology market. For instance, in 2020, FARO Technologies, Inc. has launched a 3D portable coordinate measurement machine (CMM) for SMEs performing high-accuracy tasks. The machine is most affordable and provides the accurate result with the most intuitive, ergonomic, and versatile articulated portability.

Restraint in the Industrial Metrology Market

However, high costs are required for manufacturing the measuring devices. They require skilled workforce and proper training for accurate measurement of the manufactured products or components may hamper the global industrial metrology market.

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Offering – Segment Analysis

Based on the offering, hardware is expected to grow at the fastest rate in the global industrial metrology market during the forecast period due to the rising launching of new fast-speed measuring equipment and growing demand for high-precision components aerospace and automotive industry. For instance, in 2020, Hexagon’s Manufacturing Intelligence launched an entry-level optical coordinate measuring machine (CMM) called Captura, a cost-effective solution for multisensor measurement of small to medium components. The machine was launched in the Asia Pacific region for several industries such as the automotive and aerospace industry.

Equipment – Segment Analysis

Based on the equipment, a coordinate measuring machine is projected to capture the largest market share over the forecast period in the global industrial metrology market due to the rising demand in the production of products for in automotive and aerospace industry for the testing and inspection of parts using rotating equipment CMM machine.

Application – Segment Analysis

Based on the application, quality control and inspection hold the highest market share in 2020 in the global industrial metrology market due to the high demand for accurate and precise components in several industries with the growing launching of new technology-based quality control and inspection devices. For instance, in 2020, ABB launched a new 3D Quality Inspection (3DQI) cell capable of measuring drastically faster than traditional measuring inspection tools. 3DQI offers quick and accurate quality checks and also reduces expensive rework and scrappage in the industry.

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Regional – Segment Analysis:

Asia-Pacific region is dominated in the global industrial metrology market in 2020 due to the rising manufacturing industry, growing foreign direct investment to establish the manufacturing industry in developing countries due to the availability of the raw material and low labor cost. Also, the Asia-Pacific region has the highest automotive manufacturing production, and several leading players are investing, which has propelled the demand for the industrial metrology market. For instance, in 2020, Fanuc, one of the leading industrial robot manufacturers, has planned USD 240 Million investment at its Shanghai plant, China.

Top Market Players

Various notable players operating in the market, include, Carl Zeiss, KLA-Tencor Corporation, Renishaw plc., HEXAGON, Perceptron, Inc, FARO Technologies, Inc., CREAFORM, Nikon Metrology, Jlm advanced technical services Inc., API Sensor, TriMet Group, Pollen Metrology, Jenoptik, Applied Materials, Precision Products , Cairnhill Metrology, and among others. 

Key Developments:

• • In 2021, ZEISS has completed the acquisition of Capture 3D to extend its industry expertise in 3D measurement and inspection solutions.
  • In 2020, Nikon Technology launched “NEXIV VMZ S3020,” a new video measuring system. This new series help to measure a variety of electrical, mechanical, electronic components within the dimension 300*200*200 working volume.

Segments covered in the Report:

The global industrial metrology market has been segmented on the basis of offering, equipment, application, end-user industry and key regions. Based on offering, the market is segmented into software, hardware, and services & solutions. Based on equipment, the market is segmented into optical digitizer, coordinates measuring instrument, measuring machine, scanner, 2d equipment, x-ray and computed tomography, and automated optical inspection. Based on application, the market is segmented into mapping and modelling, quality control and inspection, reverse engineering and others. Based on end-user Industry the market is segmented into Aerospace and defence, automotive, manufacturing, semiconductor and others. 

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Key questions answered in this research report:

• • At what pace is global Industrial Metrology market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Industrial Metrology market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Industrial Metrology market?
  • Which offering generated maximum revenues in 2020 and identify the most promising Offering during the forecast period?
  • What are the various application areas of global Industrial Metrology market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2020
Market Forecast Period	2021-2028
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Offering, By Equipment, By Application, By End-User Industry, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Carl Zeiss, KLA-Tencor Corporation, Renishaw plc., HEXAGON, Perceptron, Inc, FARO Technologies, Inc., CREAFORM, Nikon Metrology, Jlm advanced technical services Inc., API Sensor, , TriMet Group, Pollen Metrology, Jenoptik, Applied Materials, Precision Products , Cairnhill Metrology, and among others; a total of 16 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Industrial Metrology Market by Offering

• • Software
  • Hardware
  • Services & Solutions

Global Industrial Metrology Market by Equipment

• • Optical Digitizer
  • Coordinate Measuring Machine
  • Scanner
  • Measuring Instrument
  • 2D Equipment
  • X-Ray and Computed Tomography
  • Automated Optical Inspection

Global Industrial Metrology Market by Application

• • Mapping and Modelling
  • Quality Control and Inspection
  • Reverse Engineering
  • Others

Global Industrial Metrology Market by End-User Industry

• • Aerospace and Defence
  • Automotive
  • Manufacturing
  • Semiconductor
  • Others

Global Industrial Metrology Market by Region

• • North America Industrial Metrology Market (Option 1: As a part of the free 25% customization)
    • North America Industrial Metrology Market by Offering
    • North America Industrial Metrology Market by Equipment
    • North America Industrial Metrology Market by Application
    • North America Industrial Metrology Market by End-User Industry
    • US Industrial Metrology Market All-Up
    • Canada Industrial Metrology Market All-Up
  • Europe Industrial Metrology Market (Option 2: As a part of the free 25% customization)
    • Europe Industrial Metrology Market by Offering
    • Europe Industrial Metrology Market by Equipment
    • Europe Industrial Metrology Market by Application
    • Europe Industrial Metrology Market by End-User Industry
    • UK Industrial Metrology Market All-Up
    • Germany Industrial Metrology Market All-Up
    • France Industrial Metrology Market All-Up
    • Spain Industrial Metrology Market All-Up
    • Rest of Europe Industrial Metrology Market All-Up
  • Asia-Pacific Industrial Metrology Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Industrial Metrology Market by Offering
    • Asia-Pacific Industrial Metrology Market by Equipment
    • Asia-Pacific Industrial Metrology Market by Application
    • Asia-Pacific Industrial Metrology Market by End-User Industry
    • China Industrial Metrology Market All-Up
    • India Industrial Metrology Market All-Up
    • Japan Industrial Metrology Market All-Up
    • Rest of APAC Industrial Metrology Market All-Up
  • RoW Industrial Metrology Market (Option 4: As a part of the free 25% customization)
    • RoW Industrial Metrology Market by Offering
    • RoW Industrial Metrology Market by Equipment
    • RoW Industrial Metrology Market by Application
    • RoW Industrial Metrology Market by End-User Industry
    • Brazil Industrial Metrology Market All-Up
    • South Africa Industrial Metrology Market All-Up
    • Saudi Arabia Industrial Metrology Market All-Up
    • UAE Industrial Metrology Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Industrial Metrology Market All-Up

Major Players Operating in the Industrial Metrology (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Carl Zeiss
  • KLA-Tencor Corporation
  • Renishaw plc.
  • HEXAGON
  • Perceptron, Inc
  • FARO Technologies, Inc.
  • CREAFORM
  • Nikon Metrology
  • Jlm advanced technical services Inc.
  • API Sensor
  • TriMet Group
  • Pollen Metrology
  • Jenoptik
  • Applied Materials
  • Precision Products
  • Cairnhill Metrology