Metrology companies focus on precision measurement and inspection technologies. They provide instruments and systems used in industries such as manufacturing, semiconductor, and healthcare to ensure accurate measurements and quality control.
*Disclaimer: List of key companies in no particular order
The Competitive Landscape of the Metrology Market
The metrology market, is a precision orchestra where players compete on a stage of accuracy, innovation, and service excellence. Understanding this dynamic landscape, driven by stringent quality control demands across industries, is crucial for navigating the competition for market share.
Some of the Metrology companies listed below:
Strategies Adopted by Leaders
Critical Factors for Market Share Analysis:
New and Emerging Companies:
Industry Developments:
August 2023- ZEISS, a leader in offering innovative measurement solutions, recently announced the launch of its recent venture, the QEC (Quality Excellence Center), and contract measurement solutions in New Delhi last month. A significant step in bolstering the manufacturing quality, such facilities pave the way to an advanced metrology technology, comprehensive support services, and expert guidance. Manufacturers within the Delhi region will now be able to harness the power of best metrology tools and expertise for elevating their production processes.
July 2023- Fraunhofer IPMS and Applied Materials have recently announced about a landmark collaboration for creating Europe’s biggest technology hub for process analysis and semiconductor metrology. This new hub will offer excellent metrology systems for accelerating metrology systems for accelerating semiconductor research and improve development projects with ecosystem and chipmaker partners across Europe especially in ICAPS market segments.
December 2022- KLA Corporation had launched the ground-breaking Axion T2000 x-ray metrology system for the advanced memory chip manufacturer. The fabrication of DRAM and 3D NAND chips include precise formation of immensely tall structures with narrow, deep holes and trenches & other forms of intricate architectural shapes, each needing control in a nanoscale level. This Axion T2000 comes with a patented technology which power its ability of measuring a high aspect ratio device feature with exceptional combination of speed, precision, accuracy, and resolution. It will help in ensuring successful memory chips production used in various applications like edge computing, data centers, AI, and 5G. KLA’s all-inclusive metrology portfolio offers information which drives faster ramp, higher production yield, and improved device quality.
Metrology Market Size was valued at USD 10.7 billion in 2023. The Metrology market industry is projected to grow from USD 11.8 Billion in 2024 to USD 18.4 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.60% during the forecast period (2024 - 2032). The growing quality requirement in industrial product is the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Demand for Quality Control and Inspection Applications is Growing in the Automotive Sector to boost the market growth
Each week, modern manufacturing facilities turn out billions of finished goods. In the automotive industry, the bulk of parts is made with little human involvement. A unique part is created on an assembly line for a precise measurement with predetermined tolerance and restrictions. Frictional losses cause modern, complex technology to lose accuracy. There might be little change. However, when machines are in charge of generating dimension-sensitive parts for the aerospace and automobile industries, small alterations in measurement can result in significant discrepancies. It enables more accurate production of necessary components by car makers.
Additionally, this system offers a standard measurement system that specifies the necessary tolerances and limits. The automotive industry is seeing increased use of the coordinate measuring machine (CMM), optical digitizer and scanner (ODS), and automated optical inspection. This aspect is driving the market.
The attention of major industrial players, centered on Europe in the 20th century, for setting up their manufacturing units has shifted towards Asia Pacific countries over the past two decades. It is a result of the numerous techniques used by the important players and governing bodies of developing nations like India, China, Japan, South Korea, Singapore, and others. Modern industrial metrology quality control and measurement techniques are required because of the region's growing presence in the manufacturing and automotive industries. One of the newest and most sophisticated technologies used to measure surface attributes like surface dimensions, surface finishing, area, and others is the 3D metrology system. Compared to traditional methods, measuring the parameters height, depth, breadth, and length take much less time. The market is seeing a rise in 3D metrology techniques due to their many advantages. Therefore, all these factors have enhanced the Metrology market CAGR globally in recent years.
However, the development of big data, high-tech technologies, virtual drones, aerospace, and defense vehicles is another factor driving the growth of the Metrology market revenue.
Based on offering, the metrology market segmentation includes hardware, software, and services. The hardware segment held the majority share in 2021, contributing to around ~38% of the metrology market revenue. Because it offers greater precision and accuracy for measuring surface separations and distances ranging from millimeters to kilometers. Additionally, the market is expanding due to the rising demand for 3D metrology equipment for quality control and inspection and several end-use industries, including the automotive, aerospace, and defense sectors.
Based on product, the metrology market segmentation includes coordinate measuring machines (CMM), optical digitizers and scanners (ODS), and others. The Coordinate Measuring Machine (CMM) segment dominated the market in 2021 and is projected to be the faster-growing segment during the forecast period, 2024 - 2032. Due to the rising usage of sophisticated quality control techniques in the manufacturing and automotive industries, the trend of increased adoption of advanced measurement technology will continue during the projection period. Hence, rising applications of Coordinate Measuring Machines (CMM) for Metrology positively impact market growth.
Based on End Users, the metrology industry has been segmented into scientific & research, industrial, and others. Industrial held the largest segment share in 2021 due to the increasing requirement for 3D meteorological equipment for quality assurance and the growing demand for inspection. As a result of the increasing need for 3D measuring technologies due to the ability to scan complex automotive parts and determine the root of a failure, considerations relating to quality difficulties have significantly impacted the industrial meteorology market.
The fastest-growing segment in the metrology industry is scientific & research. Due to the increasing use of metrology.
Figure 2: Metrology Market, by End User, 2021 & 2030 (USD Million)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The Asia-Pacific Metrology market accounted for USD 4.05 billion in 2021 and is expected to exhibit a significant CAGR growth during the study period. The region's market is driven by the rising need for contactless quality control tools and measuring methods in the production and manufacturing of automobiles. Top important players are also implementing different business methods, aiding in market expansion in the area. Narendra Modi stressed the government's involvement in raising quality control standards inside local industry during the Metrology Conclave and the country's efforts to improve the quality of goods supplied via the Make In India campaign. Moreover, the China Metrology market held the largest market share, and the India Metrology market was the fastest-growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 3: METROLOGY MARKET SHARE BY REGION 2021 (%)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
North America Metrology market accounts for the second-largest market share. It is projected that market growth will be fueled by the use of cutting-edge technology in the industrial, aerospace, and defense industries in the United States and Canada. Further, the US Metrology market held the largest market share, and the Canada Metrology market was the fastest-growing market in the North America region.
The Europe Metrology Market is expected to grow at the fastest CAGR from 2024 to 2032. This is due to the nation's extensive use of the automobile and aerospace industries, and this trend is anticipated to persist during the projected period. Moreover, the UK Metrology market held the largest market share, and the Germany Metrology market was the fastest-growing market in Europe.
Major industry players are investing a lot of money in R&D to expand their product offerings, which will spur further market expansion for metrology. With significant key development like new product releases, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations, market participants are also undertaking various strategic activities to expand their presence. To grow and thrive in an environment where competition is fierce and the market is growing, businesses in the metrology sector must provide affordable products.
Manufacturing locally to cut operating costs is one of manufacturers' main business tactics in the metrology industry to benefit customers and increase the market sector. Some of the most important advantages for recently have come from the metrology business. The Metrology market major player such as FARO Technologies, Inc, ZEISS, and others are working to expand the market demand by investing in research and development activities.
The top provider of 3D measuring, imaging, and realization technologies globally is FARO. For 40 years, FARO has offered market-leading technological solutions that let consumers measure their surroundings quickly and easily before using the information to act more promptly and wisely. In September 2021, A new end-to-end 3D digital reality capture and collaboration platform were released by FARO Technologies, Inc., a 4D digital reality solutions provider. This platform uses modern tools like cloud computing and artificial intelligence to evaluate and store measurement data.
Also, ZEISS is a market-leading technology business that serves the optical and optoelectronics sectors globally. Through its solutions, ZEISS is influencing technical development and broadening the scope of the optical industry and related fields. In May 2021, The United States partner for GOM 3D non-contact measuring solutions, Capture 3D, was acquired by ZEISS International. Customers of ZEISS International will benefit from a seamlessly integrated experience to receive the best measuring solutions for their particular requirements as a result of this purchase worldwide. Additionally, ZEISS International increased its commercial base in the United States by adopting this strategic approach.
Hexagon (Sweden)
ZEISS (Germany)
Bird (US)
Solayl SAS (France)
Telemark (US)
Hiden Analytical Ltd (UK)
PLASMA SENSORS (US)
TEGAM Inc. (US)
MKS Instruments (US)
INFICON (Switzerland)
ARIS Technology (US)
Accurate (India)
Vision Engineering Ltd (UK)
FARO (US)
Keyence Corporation (Japan)
Nikon Corporation (Japan)
Mitutoyo America Corporation (Japan)
Jenoptik (Sweden)
Renishaw (UK)
KLA Corporation (US), among others
August 2022: The latest Gocator 2600 Series of 4K+ resolution smart 3D laser line profile sensors have been officially released, according to LMI Technologies (LMI), a leading 3D scanning and inspection system provider. These factory-precalibrated sensors offer 4200 data points per profile for high-resolution 3D scanning and inspection across wide fields of view in applications like battery inspection, building materials, automotive, rubber and tire production, and general factory automation.
March 2022: ETQ, a SaaS-based quality management system (QMS), environment, health and safety software, and compliance management software, has been acquired by Hexagon AB. The business will be a component of Manufacturing Intelligence at Hexagon. The data backbone for automating the collection and distribution of production quality control data, nonconformance reports, and customer feedback is provided by ETQ's multitenant QMS software, ETQ Reliance.
Hardware
Software
Services
Coordinate Measuring Machine (CMM)
Optical Digitizers And Scanners (ODS)
Video Measuring Machine (VMM)
Industrial Computed Tomography
Scientific & Research
Industrial
Others
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Rest of the World
Middle East
Africa
Latin America
Metrology Market Highlights:
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