The global market for Measuring Robots was valued at an estimated US$1.3 Billion in 2023 and is projected to reach US$4.0 Billion by 2030, growing at a CAGR of 17.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
The growth in the measuring robot market is driven by several factors. One of the primary drivers is the increasing demand for automation in manufacturing and quality control processes, spurred by the need to enhance precision and reduce operational costs. The growing complexity of modern products, particularly in the aerospace and automotive industries, necessitates the use of advanced metrology solutions, thereby driving the adoption of measuring robots. Additionally, the rise in Industry 4.0 and smart manufacturing initiatives has led to the increased integration of measuring robots with IoT and other digital technologies, creating new opportunities for market expansion.
Consumer demand for high-quality products and stringent regulatory standards for product safety and performance are also significant factors propelling market growth. Furthermore, the continuous investment in research and development by leading robotics companies and the increasing awareness of the benefits of automated measurement solutions are accelerating the adoption of measuring robots. These factors collectively contribute to the robust growth and widespread adoption of measuring robots across various industries.
The growth in the measuring robot market is driven by several factors. One of the primary drivers is the increasing demand for automation in manufacturing and quality control processes, spurred by the need to enhance precision and reduce operational costs. The growing complexity of modern products, particularly in the aerospace and automotive industries, necessitates the use of advanced metrology solutions, thereby driving the adoption of measuring robots. Additionally, the rise in Industry 4.0 and smart manufacturing initiatives has led to the increased integration of measuring robots with IoT and other digital technologies, creating new opportunities for market expansion.
Consumer demand for high-quality products and stringent regulatory standards for product safety and performance are also significant factors propelling market growth. Furthermore, the continuous investment in research and development by leading robotics companies and the increasing awareness of the benefits of automated measurement solutions are accelerating the adoption of measuring robots. These factors collectively contribute to the robust growth and widespread adoption of measuring robots across various industries.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Automotive End-Use segment, which is expected to reach US$1.5 Billion by 2030 with a CAGR of a 18.8%. The Electronics & Semiconductor End-Use segment is also set to grow at 17.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $342.1 Million in 2023, and China, forecasted to grow at an impressive 16.2% CAGR to reach $604.8 Million by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Measuring Robots Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Measuring Robots Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Measuring Robots Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Automated Precision Inc (API), Canonical Robots, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 35 Featured):
- ABB Ltd.
- Automated Precision Inc (API)
- Canonical Robots
- Carl Zeiss GOM Metrology GmbH
- CMO-SYS GMBH
- DIATEST Hermann Koltgen GmbH
- Hexagon AB
- Hilti, Inc.
- Metrologic Group Services, Inc.
- Trimble Construction
- Wiest AG
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
CANADA
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
ITALY
UNITED KINGDOM
REST OF EUROPE
ASIA-PACIFIC
REST OF WORLD
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Automated Precision Inc (API)
- Canonical Robots
- Carl Zeiss GOM Metrology GmbH
- CMO-SYS GMBH
- DIATEST Hermann Koltgen GmbH
- Hexagon AB
- Hilti, Inc.
- Metrologic Group Services, Inc.
- Trimble Construction
- Wiest AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 131 |
| Published | October 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 1.3 Billion |
| Forecasted Market Value ( USD | $ 4 Billion |
| Compound Annual Growth Rate | 17.4% |
| Regions Covered | Global |
