Industrial Metrology Market Research Report Information By Offering (Hardware, Software, & Service), By Equipment (Coordinate Measuring Machine (CMM), Optical Digitizer & Scanner (ODS), Measuring Instruments, X-ray & Computed Tomography, Automated Optical Inspection, Form Measurement Equipment, & 2D Equipment), By Application (Quality Control & Inspection, Reverse Engineering, Mapping and Modeling, & Other), By End-User (Aerospace & Defense, Automotive, Semiconductor, Manufacturing, & Other) and Region- Industry Forecast Till 2032

Global Industrial Metrology Market Overview

Industrial Metrology Market Size was valued at USD 10.5 Billion in 2022. The Industrial Metrology market Application is projected to grow from USD 11.2 Billion in 2023 to USD 18.5 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.50% during the forecast period (2023 - 2032). Demand for highly reliable and quality processes, industrial metrology systems, and electric vehicles are all on the rise, are the key market drivers enhancing the market growth.

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Industrial Metrology Market Trends

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  Rising demand for industrial metrology solutions is driving the market growth

  
  

The industrial metrology market is anticipated to be driven by rising demand for industrial metrology solutions in the food inspection industry, the defense industry, and for big projects like smart cities. The market for industrial metrology is being driven primarily by rising aerospace solution demand, rising quality metrology solution availability, and rising metrology awareness. The market is anticipated to be driven by rising demand for metrology solutions in both the automotive industry and general manufacturing. As automated facilities quickly take over the manufacturing of automobiles, the automotive industry is predicted to undergo a significant change in the near future. A rise in the need for electric vehicles and the requirement for highly dependable and high-quality procedures are anticipated to drive the market. Additionally, a rise in automation is anticipated in the manufacturing sector's demand for industrial metrology during the projection period.

Electric vehicles (EVs) are becoming popular on the road, and almost all auto manufacturers have announced intentions for EVs to eventually dominate their product lineup. As the switch from internal combustion (IC) to electric proceeds, the number of drivetrain parts will substantially decline. And the remaining components, which are present in all types of vehicles, will have a greater impact on the performance and durability of the vehicle. Industrial metrology solutions are mostly used in electric car batteries, fuel cell systems, power electronics, and electric motors. In 2021, China had a nearly threefold increase in electric car sales, reaching 3.3 million units, or about half of the global total. Both in the United States (more than tripling to 6,30,000) and Europe (by 65% to 2.3 million), sales climbed dramatically. Thus, the market for industrial metrology products is driven by the growth in EVS use.

The aerospace and defense industry is predicted to be the main driver of the Industrial Metrology Market because of the rising geopolitical tensions between various nations and the consequent rise in demand for precise defense applications, both mechanical and electronic. Additionally, the expansion of conflicts involving crucial missions necessitates stringent traceability and calibration with accuracy in military vehicles and aircraft. Additionally, the development of high-tech technologies, big data, and virtual drones, aerospace, and defense vehicles is assisting in the market's expansion. Thus, driving the Industrial Metrology market revenue.

Industrial Metrology Market Segment Insights

Industrial Metrology Offering Insights

The Industrial Metrology Market segmentation, based on offering, includes hardware, software, and services. Hardware segment dominated the global market in 2022. This is because it offers greater precision and accuracy for determining surface separations and distances ranging from millimetres to kilometres. Additionally, the market is expanding as a result of the rising demand for 3D metrology equipment for quality control and inspection as well as in a number of end-use industries, including the automotive, aerospace, and defence sectors.

Industrial Metrology Equipment Insights

The Industrial Metrology Market segmentation, based on equipment, includes coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instruments, x-ray and computed tomography, automated optical inspection, form measurement equipment, and 2D equipment. Optical digitizer and scanner (ODS) segment dominated the global market in 2022. Because optical digitizers and scanners use a scanning technique and software that is beneficial for acquiring coordinate points of any object and printing them into an image, demand is being driven up across a variety of end-use sectors. Additionally, technological developments, precise integration methods, and the creation of high-tech optical digitizers and scanners are all contributing to revenue growth.

Industrial Metrology Application Insights

The Industrial Metrology Market segmentation, based on application, includes quality control & inspection, reverse engineering, mapping and modeling, and others. The quality control & inspection segment dominated the Industrial Metrology Market in 2022. Demand for high-precision metrology and inline inspection has increased across a number of industries as a result of the desire to boost production and attain accuracy. The significant adoption of quality control and inspection systems across a variety of industries, including automotive, aerospace & defense, and semiconductors, is a result of growing competitiveness and the desire to improve safety. Maintaining and improving a product's quality is crucial in these businesses.

Industrial Metrology End-User Industry Insights

The Industrial Metrology Market segmentation, based on End-User Industry, includes aerospace & defense, automotive, semiconductor, manufacturing, and others. The automotive segment dominated the Industrial Metrology Market in 2022. 3D technologies and optical inspection methods are being used more and more by automotive makers. The auto industry benefits enormously from 3D measuring technologies since production teams may scan a part or sub-assembly in real time and obtain a precise picture of the underlying cause of quality concerns. Any stage of the design process, including product creation and design, reverse engineering, quality control, and quality assurance, can leverage 3D scanning solutions. The most used industrial metrology tool in the automobile sector is the CMM, particularly for applications involving quality control and inspection.

Figure 1: Industrial Metrology Market, by End-User Industry, 2022 & 2032 (USD Billion)

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Industrial Metrology Regional Insights

By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America Industrial Metrology Market dominated this market in 2022 (45.80%). This is explained by the increasing demand for automation and the extensive use of industrial metrology in the area. Further, the U.S. Industrial Metrology market held the largest market share, and the Canada Industrial Metrology market was the fastest growing market in the North America region.

Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 2: INDUSTRIAL METROLOGY MARKET SHARE BY REGION 2022 (USD Billion)

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Europe Industrial Metrology market accounted for the healthy market share in 2022. In the near future, the industrial metrology market in the area is anticipated to benefit significantly from rising targets set by the Climate Change Accord and the automobile industry's inclination for automation. Further, the German Industrial Metrology market held the largest market share, and the U.K Industrial Metrology market was the fastest growing market in the European region

The Asia Pacific Industrial Metrology market is expected to register significant growth from 2023 to 2032. Industrial metrology technologies have been adopted throughout developing countries like China, Japan, South Korea, and India as a result of the escalating geopolitical tension and the increased demand for automation in the commercial sector, which is expected to fuel market expansion. Moreover, China’s Industrial Metrology market held the largest market share, and the Indian Industrial Metrology market was the fastest growing market in the Asia-Pacific region.

Industrial Metrology Key Market Players & Competitive Insights

Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Industrial Metrology market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their global footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Industrial Metrology Application must offer cost-effective items.

Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the global Industrial Metrology Application to benefit clients and increase the market sector. In recent years, the Industrial Metrology Application has offered some of the most significant advantages to medicine. Major players in the Industrial Metrology market, including Hexagon AB, Renishaw PLC, FARO Technologies, Nikon Metrology, Carl Zeiss AG, Jenoptik AG, Perceptron, Automated Precision Inc., KLA Corporation, and Applied Materials Inc., are attempting to increase market demand by investing in research and development operations.

LMI Technologies (LMI), a supplier of 3D sensor technology services, is based in Burnaby, Canada. The company develops technology, such as HDI 3D sensors, locator 3D smart sensors, and others, for 3D measurement, data visualization, and scanning. The most recent Gocator 2600 Series of smart 3D laser line profile sensors with 4K+ resolution will officially debut in August 2022, according to LMI Technologies (LMI). For high-resolution 3D scanning and inspection over broad fields of view in applications like battery inspection, building materials, automotive, rubber and tyre manufacture, and general factory automation, these factory-precalibrated sensors offer 4200 data points per profile. They also include powerful 9 megapixel imagers and tweaked bespoke lenses.

Information technologies for geospatial and industrial enterprise applications that boost effectiveness and quality are offered by Hexagon AB (Hexagon). The company offers sensor, software, and autonomous solutions, including CAD and CAM software, sensor-integrated metrology systems, and software. It also offers sensors for satellite location and data collecting from the air and land, as well as geographic information system (GIS) software for making 3D models and maps. Hexagon products are used by the manufacturing, aerospace, automotive, defence, mining, and construction industries. The company operates in the Americas, Asia, Europe, the Middle East, and Africa. Stockholm, Sweden is home to Hexagon's corporate headquarters. Hexagon AB announced the acquisition of ETQ in March 2022. ETQ is a SaaS-based quality management system (QMS), environment, health and safety software, and compliance management software.

Key Companies in the Industrial Metrology market include

• Hexagon AB


• Renishaw PLC


• FARO Technologies


• Nikon Metrology


• Carl Zeiss AG


• Jenoptik AG


• Perceptron


• Automated Precision Inc.


• KLA Corporation


• Applied Materials Inc.

Industrial Metrology Application Developments

August 2022 The maker of Coordinate Measuring Machines (CMMs), metrology software, and related CMM accessory items, LK Metrology, has announced that it will display a number of new products at Chicago at Booth No. 135230.

Industrial Metrology Market Segmentation

Industrial Metrology Offering Outlook

• Hardware


• Software


• Services

Industrial Metrology Equipment Outlook

• Coordinate Measuring Machine (CMM)


• Optical Digitizer and Scanner (ODS)


• Measuring Instruments


• X-ray and Computed Tomography


• Automated Optical Inspection


• Form Measurement Equipment


• 2D Equipment

Industrial Metrology Application Outlook

• Quality Control & Inspection


• Reverse Engineering


• Mapping and Modeling


• Others

Industrial Metrology End User Industry Outlook

• Aerospace & Defense


• Automotive


• Semiconductor


• Manufacturing


• Others

Industrial Metrology Regional Outlook

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  North America
  
  
  
  • US
  
  
  • Canada
  
  
  
  


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  Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


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


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  Rest of the World
  
  
  
  • Middle East
  
  
  • Africa
  
  
  • Latin America