Global Industrial Metrology Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

Industrial Metrology Market Analysis

Measurement principles applied to producing processes to confirm quality still as accuracy of the factory-made components and parts. A system of master components, gauges and single-use machines worked once a complete product was made during a single plant. Metrology is used for several completely different functions, looking on multiple variables together with the aim of the study or project. Commonly, the conception of science is employed to qualify, verify and validate check information. Metrology is commonly miscommunicated as merely the science of measuring.

Industrial Metrology Market Size

Global industrial metrology market size was valued at USD 11.02 billion in 2023 and is projected to reach USD 17.70 billion by 2031, with a CAGR of 6.10% during the forecast period of 2024 to 2031.

Report Scope and Market Segmentation       

Industrial Metrology Market Definition

Industrial metrology is employed so as to confirm that instruments employed in a large sort of industries are functioning properly. It additionally ensures the appropriateness of activity instruments together with the upkeep, internal control, and correct activity of those instruments. Industrial metrology encompasses a wide selection of application in following end-user.

Industrial Metrology Market Dynamics

This section deals with understanding the market drivers, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers:

• Rising demand for big data analytics

In the producing trade, the amount of information generated has inflated exponentially with each new dimension. The producing units of leading industries area unit equipped with varied measurement instruments, and every one habitually identifies and gathers over three hundred inputs. The necessity for large knowledge analytics is rising within the scientific discipline trade too. Consistent measure of elements and parts generates an oversized volume of information sets. The analysis of this massive volume of knowledge} collected is useless if false information is hold on, that doesn't facilitate perceive a superior reality. Firms gather the info through in depth in-line, end-of-line, and scientific discipline inspections. Several firms have started analyzing the assembly knowledge mistreatment advanced analytical tools, which may improve several necessary producing procedures, as well as yield, throughput, instrumentality availableness, additionally as operational prices. Analysis of massive knowledge permits businesses to form quicker and higher selections.

• Technological innovation

Technological innovation is the key market driver for industrial metrology growth and is likely to open new opportunities. Modernization such as 3D products are the new in the market and they are gaining favourability across several industrial verticals. 

• High adoption of industrial metrology products in quality control and inspection application

Quality control is an integral a part of the assembly processes because it helps within the sleek functioning of the assembly department while not acquisition any additional price. The increasing competition and wish for rising security have resulted within the high adoption of internal control and review systems in numerous industries, together with automotive, part and defense, and semiconductor.

• Growing complexities associated with procurement

Owing to the global economic rise, there is a huge scope of growth for the information and communication technology industry. Surging adoption of cloud computing, growing adoption of new and advanced technology and strong emphasis businesses across the globe are putting on eliminating the conventional approaches and paperwork indicates a good scope of growth.

Opportunities:

• Adoption of cloud services to integrate metrological data

The exponential growth in cloud services is providing a large scope for the producing industries to change the producing method. Cloud computing is proving to be useful for businesses of all sizes.  Many of the metrology solution providers, such as Cards Technologies (US), Nikon (Japan), and Carl Zeiss (Germany), are providing cloud-based solutions on the client demand, and this can be shifting the trend toward cloud-based IT framework for the management of the science knowledge. What is more, the producing industries are rapidly adopting business 4.0 for many of their processes. Thus, the adoption of cloud services to store and analyze the science knowledge helps the producing firms in analysis and development activities additionally as in product analysis. Moreover, it helps firms to supply connected code solutions to their purchasers.

Restrictions/Challenges:

• Requirement of high investment for setting up of metrology facility

Industrial science is wide adopted within the region and defence, automotive, semiconductor, and producing industries. The science facilities square measure either got wind of by the makers or outsourced to include science within the development and production method chains. The general value related to the putting in place of a science facility includes the value of measurement instrumentation, installation value, and maintenance value, that is an in depth investment for small- and medium-sized enterprises. The putting in place a full science department makes it troublesome to attain a targeted come on investment (ROI) appropriate inside a corresponding business arrange. The putting in place method is dear, long, and sophisticated. Thus, it becomes troublesome for SMEs to take a position heavily in implementing the science system, which is anticipated to limit the expansion of the commercial science market throughout the forecast amount.

• Lack of expertise for handling metrological systems

Inspection and science function the standard operation. The sphere of information needed in economical handling of scientific discipline systems includes geometrical and dimensional measurements, internal control analysis, production processes, instrumentation maintenance and repair, moreover as technical testing, that depends upon the trade and sort of merchandise and elements being analyzed or inspected. The improper performance of the task results in undesirable consequences, because the quality performance choices square measure supported activity and scrutiny. High mean employee’s square measure needed to manage the measurement machines. However, the amount of science consultants accessible within the market is proscribed attributable to the dearth of coaching centers or industry-specific certification courses. Moreover, staff within the producing industries are handling the traditional coordinate measurement machines (CMMs), that is another issue impacting the expansion of the commercial science market, because the staff square measure less exposed to the technical info concerning new technologies.

This  industrial metrology  market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial metrology market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Industrial Metrology Market

The coronavirus pandemic negatively compact the commercial scientific discipline market. To interrupt the cycle of the virus, the government and authorities adopted many containment measures that resulted during a close of operations in some trade verticals, catching the demand for industrial scientific discipline instrumentality. However, a rise in investment within the aid sector supported market property. Due to the COVID-19 occurrence, the work environments square measure redesigned with fewer staff payment less time collaboratively because of physical-distancing needs. This creates AN acute want for industries to be a lot of agile. Hence, the necessity for industrial science is predicted to extend globally. The worldwide impact of this virus is pushing to virtual and on-line tools, which can any boost the expansion of the computer code science market.

Industrial Metrology Market Scope

The industrial metrology market is segmented on the basis of offering, equipment, application, end-user industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Offering

• Hardware
• Software
• Services and Solutions

Equipment

• Coordinate Measuring Machine
• Optical Digitizer and Scanner
• Measuring Instrument
• X-Ray and Computed Tomography
• Automated Optical Inspection
• 2D Equipment

Application

• Reverse Engineering
• Quality Control and Inspection
• Mapping and Modelling
• Other Applications

End-User Industry

• Aerospace and Defence
• Automotive
• Manufacturing
• Semiconductor
• Others

Industrial Metrology Market Regional Analysis

The industrial metrology market is analysed and market size insights and trends are provided by country, offering, equipment, application, end-user industry as referenced above.

The countries covered in the  industrial metrology  market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the industrial metrology and will continue to flourish its trend of dominance during the forecast period due to the due to the extravagant growth in regional aerospace and defence industry. Asia-Pacific will, however, register the highest CAGR for this period due to the applications in industrial and power generation.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Industrial Metrology Market Share

The industrial metrology market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to industrial metrology market.

Industrial Metrology Market Leaders Operating in the Market Are:

• Baker Hughes Company (US)
• CyberOptics (US)
• Cairnhill (Singapore)
• attinc. (US)
• SGS SA (Switzerland)
• TriMet , (US)
• Automate Precision, Inc (API) (US) 
• Applied Materials, Inc. (US)
• JLM ADVANCED TECHNICAL SERVICES (US)
• Intertek Group plc (UK)
• Bruker (US)
• Metrologic Group. (France)
• Creaform. ( Canada)
• Hexagon ( Sweden)
• Nikon India Pvt Ltd ( Delhi)
• FARO (US)
• KEYENCE CORPORATION. (Japan)
• Renishaw plc. (UK)
• Mitutoyo America Corporation. (Japan)

Latest Developments in Industrial Metrology Market

• In December 2020, polygon (Sweden) producing division proclaimed the linguistic communication of associate agreement to amass MECADAT Ag, a distributor of software package (CAD) & Computer-aided producing (CAM) computer code and complementary solutions for tool and mould creating. MECADAT is understood for its expertise within the field of tooling and mould. It’s additionally related to the polygon for the sale of its VISI computer code in European nation
• In Nov 2020, Nikon (Japan) introduced a replacement video measuring device “NEXIV VMZ S3020”. This new series of NEXIV helps in mensuration a range of mechanical, electrical, electronic elements that square measure at intervals the dimension 300*200*200 operating volume. This technique has improved output, image quality, and correct mensuration knowledge

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