Quality control has become a non-negotiable aspect of manufacturing, significantly influencing the global industrial metrology market. With consumers expecting high-quality products and increased scrutiny from regulatory bodies, manufacturers are compelled to implement rigorous quality control measures. Advanced metrology solutions provide the necessary capabilities to monitor and ensure product quality throughout the production process, reducing the likelihood of defects and ensuring compliance with industry standards.
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Data Bridge Market Research analyses that the Global Industrial Metrology Market is expected to reach USD 18.05 billion by 2031 from USD 11.23 billion in 2023, growing with a CAGR of 6.3% in the forecast period of 2024 to 2031.
Key Findings of the Study
Increasing Demand for High-Precision Measurement Solutions
The industrial landscape is increasingly characterized by the need for high-precision measurement solutions across various sectors, including aerospace, automotive, and electronics. As products become more sophisticated and tolerances tighten, manufacturers must rely on advanced metrology tools to ensure that components meet stringent specifications. High-precision measurement is essential not only for quality assurance but also for regulatory compliance, making it a top priority for industries aiming to maintain safety and reliability in their products.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable from 2016-2021)
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Quantitative Units
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Revenue in USD Billion
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Segments Covered
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Offering (Hardware, Software, and Services), Equipment (CMM, ODS, X-ray, and CT), Application (Quality Control & Inspection, Reverse Engineering, Mapping & Modelling, and Others), End User (Automotive, Manufacturing, Aerospace & Defense, Semiconductor, and Others)
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Countries Covered
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U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Turkey, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Switzerland, Belgium, rest of Europe, China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, Bahrain, Oman, Qatar, Kuwait, and rest of Middle East and Africa
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Market Players Covered
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Bruker (U.S.), Baker Hughes Company (U.S.), Hexagon AB (Sweden), KEYENCE CORPORATION (Japan), Applied Materials, Inc. (U.S.), SGS Société Générale de Surveillance (Switzerland), FARO (U.S.), TriMet (U.S.), Intertek Group plc (U.K.), CREAFORM (Canada), Automated Precision Inc (API) (U.S.), CyberOptics Corporation (U.S.), Cairnhill (Singapore), Metrologic Group (France), and ATT Metrology Solutions (U.S.), among others
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Data Points Covered in the Report
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In addition to the Market insights such as Market value, growth rate, Market segments, geographical coverage, Market players, and Market scenario, the Market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and PESTLE analysis.
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Segment Analysis
The global industrial metrology market is segmented into four notable segments, which are based on the basis of offering, equipment, application, and end user.
- On the basis of offering, the global industrial metrology market is segmented into hardware, software, and services
In 2024, the hardware segment is expected to dominate the global industrial metrology market
In 2024, hardware segment is expected to dominate the market with 60.20% market share due to continuous innovations in measurement technologies.
- On the basis of equipment, the global industrial metrology market is segmented into CMM, ODS, X-ray, and CT
In 2024, the CMM segment is expected to dominate the global industrial metrology market
In 2024, CMM segment is expected to dominate the market with 40.74% market share due to its ability to provide high precision and versatility in measuring complex geometries across various industries. Its integration into quality control processes enhances efficiency and ensures compliance with stringent manufacturing standards.
- On the basis of application, the global industrial metrology market is segmented into quality control & inspection, reverse engineering, mapping & modelling, and other. In 2024, quality control & inspection segment is expected to dominate the market with 56.94% market share
- On the basis of end user, the global industrial metrology market is segmented into automotive, manufacturing, aerospace & defense, semiconductor, and others. In 2024, automotive segment is expected to dominate the market with 32.93% market share
Major Players
Data Bridge Market Research analyzes Bruker (U.S.), Baker Hughes Company (U.S.), Hexagon AB (Sweden), KEYENCE CORPORATION (Japan), and Applied Materials, Inc. (U.S.), among others as the major companies operating in global industrial metrology market.
Market Developments
- In July 2024, Professors Andrew Webb and Bernhard Blumich received the Richard R. Ernst Prize at EUROMAR 2024, recognizing their significant contributions to NMR and magnetic resonance research, advancing scientific understanding in these fields
- In September 2024, Hexagon AB introduced a new technology to reduce quality inspection delays in large-scale manufacturing. The Leica Absolute Tracker ATS800 combined laser tracking and radar functionality, allowing manufacturers to measure detailed features from a distance and meet tight assembly tolerances. This system improved productivity by minimizing bottlenecks in aerospace and automotive sectors. The launch strengthened Hexagon AB’s market position, showcasing its commitment to addressing core industry needs and enhancing automated inspection capabilities
- In March 2023, KEYENCE CORPORATION launched the high-precision LM-X multisensor measuring system, combining optical, laser, and touch-probe measurements in one unit. This system enabled easy, high-accuracy measurements without time-consuming positioning, allowing users to obtain reliable inspection reports efficiently and accurately.
- In March 2024, the Applied Materials, Inc. announced that it received Intel's EPIC Distinguished Supplier Award, recognizing its outstanding performance. As one of only 27 recipients, applied consistently exceeded Intel’s expectations in quality and partnership across the global supply chain
- In May 2023, the Applied Materials, Inc. announced a historic investment to build the EPIC Center, the largest facility for collaborative semiconductor R&D. This center aimed to accelerate innovation and commercialization of foundational technologies for the global semiconductor and computing industries
Regional Analysis
Geographically, the countries covered in the global industrial metrology market report are UU.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Turkey, Netherlands, Norway, Finland, Denmark, Sweden, Poland, Switzerland, Belgium, rest of Europe, China, Japan, India, South Korea, Australia, New Zealand, Indonesia, Thailand, Malaysia, Singapore, Philippines, Taiwan, Vietnam, rest of Asia-Pacific, Brazil, Argentina, rest of South America, U.A.E., Saudi Arabia, South Africa, Egypt, Israel, Bahrain, Oman, Qatar, Kuwait, and rest of Middle East and Africa.
As per Data Bridge Market Research analysis:
North America is expected to dominate the global industrial metrology market
In the global industrial metrology market, the North America dominates due to its advanced manufacturing capabilities, strong investments in technology, a focus on quality control, and the presence of key industry players.
Asia-Pacific is expected to be the fastest growing region in the global industrial metrology market
Asia-Pacific is expected to be the fastest growing region due to the presence of key manufacturers further solidifies the region's market leadership and stringent regulatory standards drive demand for precise measurement solutions across various sectors.
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