The global market for Industrial Metrology is estimated at US$10.5 Billion in 2023 and is projected to reach US$13.8 Billion by 2030, growing at a CAGR of 4.0% 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 industrial metrology market is driven by several factors that are reshaping the manufacturing landscape. The increasing demand for precision engineering and high-quality products in industries such as aerospace, automotive, and electronics is a primary driver, as these sectors require stringent measurement standards. Technological advancements, such as the integration of IoT and AI in metrology systems, are propelling market growth by offering enhanced measurement capabilities and real-time data analytics. The rising adoption of automation in manufacturing processes is also driving the demand for advanced metrology solutions that can seamlessly integrate with automated production lines.
Additionally, the expansion of industries in emerging markets, coupled with the growing emphasis on quality control and regulatory compliance, is creating new opportunities for the industrial metrology market. As manufacturers continue to prioritize precision, efficiency, and sustainability, the demand for advanced metrology solutions is expected to witness sustained growth in the coming years.
The growth in the industrial metrology market is driven by several factors that are reshaping the manufacturing landscape. The increasing demand for precision engineering and high-quality products in industries such as aerospace, automotive, and electronics is a primary driver, as these sectors require stringent measurement standards. Technological advancements, such as the integration of IoT and AI in metrology systems, are propelling market growth by offering enhanced measurement capabilities and real-time data analytics. The rising adoption of automation in manufacturing processes is also driving the demand for advanced metrology solutions that can seamlessly integrate with automated production lines.
Additionally, the expansion of industries in emerging markets, coupled with the growing emphasis on quality control and regulatory compliance, is creating new opportunities for the industrial metrology market. As manufacturers continue to prioritize precision, efficiency, and sustainability, the demand for advanced metrology solutions is expected to witness sustained growth in the coming years.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Coordinate Measuring Machine (CMM) segment, which is expected to reach US$4.3 Billion by 2030 with a CAGR of a 5.1%. The Optical Digitizer & Scanner (ODS) segment is also set to grow at 3.9% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $2.8 Billion in 2023, and China, forecasted to grow at an impressive 7.4% CAGR to reach $3.1 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Industrial Metrology Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Industrial Metrology Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Industrial Metrology Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ 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 Adcole Corporation, Applied Materials, Inc., Att Metrology Services, and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 13 Featured):
- Adcole Corporation
- Applied Materials, Inc.
- Att Metrology Services
- Bridger Photonics Inc.
- Cairnhill Metrology Pte., Ltd.
- Carl Zeiss AG
- esz AG calibration & metrology
- FARO Technologies, Inc.
- GOM GmbH
- Hexagon AB
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERS3. MARKET TRENDS & DRIVERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned
- Adcole Corporation
- Applied Materials, Inc.
- Att Metrology Services
- Bridger Photonics Inc.
- Cairnhill Metrology Pte., Ltd.
- Carl Zeiss AG
- esz AG calibration & metrology
- FARO Technologies, Inc.
- GOM GmbH
- Hexagon AB
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 232 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 10.5 Billion |
| Forecasted Market Value ( USD | $ 13.8 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
