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North America Industrial Metrology Market Size, Share & Industry Trends Analysis Report by Offering, Equipment, Application, End-user (Automotive, Aerospace & Defense, Semiconductor, Manufacturing), Country and Growth Forecast, 2022-2028

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    Report

  • 116 Pages
  • October 2022
  • Region: North America
  • Marqual IT Solutions Pvt. Ltd (KBV Research)
  • ID: 5694515
The North America Industrial Metrology Market should witness market growth of 5.6% CAGR during the forecast period (2022-2028).

The guiding concept of industrial metrology is that every measurement has a proportion of uncertainty. In order to keep this uncertainty from escalating as operations get more complicated, producers must calibrate their equipment to achieve optimal part precision and accuracy. Traceability, or the principle of tying empirical data to reference standards, is dependent on calibrations. A measurement is considered traceable if its calibration chain can be traced back to a parent reference.

This helps to compensate for methodical uncertainty and error, which refers to unidentified errors existing during an instrument's calibration while generating a standard that can evaluate arbitrary uncertainty and error. For instance, air turbulence can cause minor mistakes in laser measures, and structural play might distort readings. Accurate calibration procedures aid in mitigating these inaccuracies.

Industrial metrology is predominantly utilized during the verification of product conformity and product wear and tear. During manufacturing, the controller confirms that the product adheres to the plan and complies with all applicable criteria. It is a procedure of product validation. During usage, the controller conducts routine inspections to verify that any modifications to the product do not compromise its conformance. It is the process of detecting dangers. Consequently, confirmation by measurement is performed in various ways by production supervisors, typically the method and quality control departments. The metrologist uses just the company-defined processes to determine the necessary measurements.

Numerous national, regional, and international efforts that have been carried out as part of the digitization of metrology. These efforts could have a substantial impact on the reformation of the metrological method to address measurement issues in the framework of smart manufacturing processes. The National Institute of Standards and Technology (NIST) in the United States of America (USA) has been developing the metrological foundation for putting high-performance communication channels (5G) into place. It also established the legal and administrative framework for the fields of cloud computing, big data, IT security, and machine learning.

The US market dominated the North America Industrial Metrology Market by Country in 2021; thereby, achieving a market value of $3,850.4 million by 2028. The Canada market is experiencing a CAGR of 8% during (2022-2028). Additionally, The Mexico market would exhibit a CAGR of 7.1% during (2022-2028).

Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Equipment, the market is segmented into Coordinate Measuring Machine (CMM), Automated Optical Inspection, Measuring Instruments, Optical Digitizer & Scanner (ODS), X-ray & Computed Tomography, Form Measurement Equipment, and Others. Based on Application, the market is segmented into Quality Control & Inspection, Reverse Engineering, Mapping & Modeling, and Others. Based on End-User, the market is segmented into Automotive, Aerospace & Defense, Semiconductor, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hexagon AB, Nikon Corporation, FARO Technologies, Inc., Carl Zeiss AG, Jenoptik AG, Keyence Corporation, Creaform, Inc. (AMETEK, Inc.), Renishaw PLC, Mitutoyo Corporation and KLA Corporation

Scope of the Study

By Offering

  • Hardware
  • Software
  • Services

By Equipment

  • Coordinate Measuring Machine (CMM)
  • Automated Optical Inspection
  • Measuring Instruments
  • Optical Digitizer & Scanner (ODS)
  • X-ray & Computed Tomography
  • Form Measurement Equipment
  • Others

By Application

  • Quality Control & Inspection
  • Reverse Engineering
  • Mapping & Modeling
  • Others

By End-user

  • Automotive
  • Aerospace & Defense
  • Semiconductor
  • Manufacturing
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Hexagon AB
  • Nikon Corporation
  • FARO Technologies, Inc.
  • Carl Zeiss AG
  • Jenoptik AG
  • Keyence Corporation
  • Creaform, Inc. (AMETEK, Inc.)
  • Renishaw PLC
  • Mitutoyo Corporation
  • KLA Corporation

Unique Offerings

  • Exhaustive coverage
  • The highest number of market tables and figures
  • Subscription-based model available
  • Guaranteed best price
  • Assured post sales research support with 10% customization free

Table of Contents

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Metrology Market, by Offering
1.4.2 North America Industrial Metrology Market, by Equipment
1.4.3 North America Industrial Metrology Market, by Application
1.4.4 North America Industrial Metrology Market, by End-user
1.4.5 North America Industrial Metrology Market, by Country
1.5 Research Methodology
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 The Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, Apr - 2022, Sep) Leading Players
Chapter 4. North America Industrial Metrology Market by Offering
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Industrial Metrology Market by Equipment
5.1 North America Coordinate Measuring Machine (CMM) Market by Country
5.2 North America Automated Optical Inspection Market by Country
5.3 North America Measuring Instruments Market by Country
5.4 North America Optical Digitizer & Scanner (ODS) Market by Country
5.5 North America X-ray & Computed Tomography Market by Country
5.6 North America Form Measurement Equipment Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Industrial Metrology Market by Application
6.1 North America Quality Control & Inspection Market by Country
6.2 North America Reverse Engineering Market by Country
6.3 North America Mapping & Modeling Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Industrial Metrology Market by End-User
7.1 North America Automotive Market by Country
7.2 North America Aerospace & Defense Market by Country
7.3 North America Semiconductor Market by Country
7.4 North America Manufacturing Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Industrial Metrology Market by Country
8.1 US Industrial Metrology Market
8.1.1 US Industrial Metrology Market by Offering
8.1.2 US Industrial Metrology Market by Equipment
8.1.3 US Industrial Metrology Market by Application
8.1.4 US Industrial Metrology Market by End-User
8.2 Canada Industrial Metrology Market
8.2.1 Canada Industrial Metrology Market by Offering
8.2.2 Canada Industrial Metrology Market by Equipment
8.2.3 Canada Industrial Metrology Market by Application
8.2.4 Canada Industrial Metrology Market by End-User
8.3 Mexico Industrial Metrology Market
8.3.1 Mexico Industrial Metrology Market by Offering
8.3.2 Mexico Industrial Metrology Market by Equipment
8.3.3 Mexico Industrial Metrology Market by Application
8.3.4 Mexico Industrial Metrology Market by End-User
8.4 Rest of North America Industrial Metrology Market
8.4.1 Rest of North America Industrial Metrology Market by Offering
8.4.2 Rest of North America Industrial Metrology Market by Equipment
8.4.3 Rest of North America Industrial Metrology Market by Application
8.4.4 Rest of North America Industrial Metrology Market by End-User
Chapter 9. Company Profiles
9.1 Hexagon AB
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent Strategies and Developments
9.1.5.1 Product Launches and Product Expansions
9.2 FARO Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent Strategies and Developments
9.2.5.1 Product Launches and Product Expansions
9.2.5.2 Acquisition and Mergers
9.3 Jenoptik AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent Strategies and Developments
9.3.5.1 Acquisition and Mergers
9.3.5.2 Geographical Expansions
9.4 Renishaw PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.5 Keyence Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent Strategies and Developments
9.5.5.1 Product Launches and Product Expansions
9.5.6 SWOT Analysis
9.6 Carl Zeiss AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent Strategies and Developments
9.6.5.1 Product Launches and Product Expansions
9.6.5.2 Acquisition and Mergers
9.7 Nikon Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent Strategies and Developments
9.7.5.1 Partnerships, Collaborations, and Agreements
9.7.5.2 Product Launches and Product Expansions
9.8 Creaform, Inc. (Ametek, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent Strategies and Developments
9.8.5.1 Product Launches and Product Expansions
9.9 KLA Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent Strategies and Developments
9.9.5.1 Product Launches and Product Expansions
9.9.5.2 Acquisition and Mergers
9.9.5.3 Geographical Expansions
9.10. Mitutoyo Corporation
9.10.1 Company Overview
9.10.2 Recent Strategies and Developments
9.10.2.1 Partnerships, Collaborations, and Agreements
9.10.2.2 Product Launches and Product Expansions

Companies Mentioned

  • Hexagon AB
  • Nikon Corporation
  • FARO Technologies, Inc.
  • Carl Zeiss AG
  • Jenoptik AG
  • Keyence Corporation
  • Creaform, Inc. (AMETEK, Inc.)
  • Renishaw PLC
  • Mitutoyo Corporation
  • KLA Corporation

Methodology

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