Latest Developments in North America Industrial Metrology Market

Request for TOC Request for TOC Speak to Analyst Speak to Analyst Buy Now Buy Now Inquire Before Buying Inquire Before Free Sample Report Free Sample Report

Latest Developments in North America Industrial Metrology Market

  • ICT
  • Published Report
  • Oct 2024
  • North America
  • 350 Pages
  • No of Tables: 39
  • No of Figures: 24

  • 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 February 2021, Baker Hughes Company has acquired ARMS Reliability to bolster its Asset Performance Management (APM) portfolio, advancing its digital solutions across industries such as mining, power, and utilities. This acquisition enhances Baker Hughes’ industrial asset management capabilities by integrating ARMS Reliability’s solutions into its Bently Nevada platform, providing more precise asset monitoring and lifecycle management, and supporting the company’s commitment to improving productivity in Industrial Metrology
  • 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 June 2022, the Applied Materials, Inc. announced its acquisition of Picosun Oy, enhancing its ICAPS group's capabilities with Picosun’s atomic layer deposition technology. This move aimed to address the growing demand for specialty semiconductors across various markets

Table of Content

1 INTRODUCTION

1.1 OBJECTIVES OF THE STUDY

1.2 MARKET DEFINITION

1.3 OVERVIEW OF THE NORTH AMERICA INDUSTRIAL METROLOGY MARKET

1.4 CURRENCY AND PRICING

1.5 LIMITATIONS

1.6 MARKETS COVERED

2 MARKET SEGMENTATION

2.1 MARKETS COVERED

2.2 GEOGRAPHICAL SCOPE

2.3 YEARS CONSIDERED FOR THE STUDY

2.4 DBMR TRIPOD DATA VALIDATION MODEL

2.5 PRIMARY INTERVIEWS WITH KEY OPINION LEADERS

2.6 DBMR MARKET POSITION GRID

2.7 MULTIVARIATE MODELING

2.8 OFFERING TIMELINE CURVE

2.9 MARKET END USER COVERAGE GRID

2.1 SECONDARY SOURCES

2.11 ASSUMPTIONS

3 EXECUTIVE SUMMARY

4 PREMIUM INSIGHTS

5 MARKET OVERVIEW

5.1 DRIVERS

5.1.1 INCREASING DEMAND FOR HIGH-PRECISION MEASUREMENT SOLUTIONS

5.1.2 RISING DEMAND FOR QUALITY CONTROL

5.1.3 ADVANCEMENTS IN METROLOGY TECHNOLOGY

5.1.4 GROWING AUTOMATION IN MANUFACTURING

5.2 RESTRAINTS

5.2.1 HIGH INITIAL INVESTMENT HINDERS MARKET GROWTH

5.2.2 INTENSE MARKET COMPETITION

5.3 OPPORTUNITIES

5.3.1 STRINGENT REGULATORY REQUIREMENTS AND STANDARDS COMPLIANCE

5.3.2 CUSTOMIZATION OF SOLUTIONS IN METROLOGY

5.3.3 RISING ADOPTION OF DIGITAL TWIN TECHNOLOGY

5.4 CHALLENGES

5.4.1 LIMITED COMPATIBILITY AND INTEGRATION OF INDUSTRIAL METROLOGY

5.4.2 DATA SECURITY RISKS DUE TO INCREASED CONNECTIVITY IN METROLOGY SYSTEMS

6 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING

6.1 OVERVIEW

6.2 HARDWARE

6.3 SOFTWARE

6.4 SERVICES

7 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT

7.1 OVERVIEW

7.2 CMM

7.3 ODS

7.4 X-RAY

7.5 CT

8 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY APPLICATION

8.1 OVERVIEW

8.2 QUALITY CONTROL & INSPECTION

8.3 REVERSE ENGINEERING

8.4 MAPPING & MODELLING

8.5 OTHERS

9 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY END USER

9.1 OVERVIEW

9.2 AUTOMOTIVE

9.3 MANUFACTURING

9.4 AEROSPACE & DEFENSE

9.5 SEMICONDUCTOR

9.6 OTHERS

10 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY REGION

10.1 NORTH AMERICA

10.1.1 U.S.

10.1.2 CANADA

10.1.3 MEXICO

11 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, COMPANY LANDSCAPE

11.1 COMPANY SHARE ANALYSIS: NORTH AMERICA

12 SWOT ANALYSIS

13 COMPANY PROFILES

13.1 BRUKER

13.1.1 COMPANY SNAPSHOT

13.1.2 REVENUE ANALYSIS

13.1.3 COMPANY SHARE ANALYSIS

13.1.4 PRODUCT PORTFOLIO

13.1.5 RECENT DEVELOPMENT

13.2 BAKER HUGHES COMPANY

13.2.1 COMPANY SNAPSHOT

13.2.2 REVENUE ANALYSIS

13.2.3 COMPANY SHARE ANALYSIS

13.2.4 PRODUCT PORTFOLIO

13.2.5 RECENT DEVELOPMENT

13.3 HEXAGON AB

13.3.1 COMPANY SNAPSHOT

13.3.2 REVENUE ANALYSIS

13.3.3 COMPANY SHARE ANALYSIS

13.3.4 SOLUTION PORTFOLIO

13.3.5 RECENT DEVELOPMENTS

13.4 KEYENCE CORPORATION

13.4.1 COMPANY SNAPSHOT

13.4.2 REVENUE ANALYSIS

13.4.3 COMPANY SHARE ANALYSIS

13.4.4 PRODUCT PORTFOLIO

13.4.5 RECENT DEVELOPMENT

13.5 APPLIED MATERIALS, INC.

13.5.1 COMPANY SNAPSHOT

13.5.2 REVENUE ANALYSIS

13.5.3 COMPANY SHARE ANALYSIS

13.5.4 PRODUCT PORTFOLIO

13.5.5 RECENT DEVELOPMENTS

13.6 ATT METROLOGY SOLUTIONS

13.6.1 COMPANY SNAPSHOT

13.6.2 PRODUCT PORTFOLIO

13.6.3 RECENT DEVELOPMENT

13.7 AUTOMATE PRECISION, INC. (API)

13.7.1 COMPANY SNAPSHOT

13.7.2 PRODUCT PORTFOLIO

13.7.3 RECENT DEVELOPMENT

13.8 CAIRNHILL

13.8.1 COMPANY SNAPSHOT

13.8.2 PRODUCT PORTFOLIO

13.8.3 RECENT DEVELOPMENT

13.9 CREAFORM

13.9.1 COMPANY SNAPSHOT

13.9.2 PRODUCT PORTFOLIO

13.9.3 RECENT DEVELOPMENTS

13.1 CYBEROPTICS CORPORATION

13.10.1 COMPANY SNAPSHOT

13.10.2 PRODUCT PORTFOLIO

13.10.3 RECENT DEVELOPMENT

13.11 FARO

13.11.1 COMPANY SNAPSHOT

13.11.2 REVENUE ANALYSIS

13.11.3 PRODUCT PORTFOLIO

13.11.4 RECENT DEVELOPMENTS

13.12 INTERTEK GROUP PLC

13.12.1 COMPANY SNAPSHOT

13.12.2 REVENUE ANALYSIS

13.12.3 PRODUCT PORTFOLIO

13.12.4 RECENT DEVELOPMENT

13.13 METROLOGIC GROUP

13.13.1 COMPANY SNAPSHOT

13.13.2 SOLUTION PORTFOLIO

13.13.3 RECENT DEVELOPMENTS

13.14 SGS SOCIÉTÉ GÉNÉRALE DE SURVEILLANCE SA.

13.14.1 COMPANY SNAPSHOT

13.14.2 REVENUE ANALYSIS

13.14.3 PRODUCT PORTFOLIO

13.14.4 RECENT DEVELOPMENT

13.15 TRIMET

13.15.1 COMPANY SNAPSHOT

13.15.2 SERVICE PORTFOLIO

13.15.3 RECENT DEVELOPMENT

14 QUESTIONNAIRE

15 RELATED REPORTS

List of Table

TABLE 1 RAW MATERIAL PRICES FOR MANUFACTURING OF METROLOGY EQUIPMENT

TABLE 2 LEADING INDUSTRIAL METROLOGY COMPANIES AND THEIR CERTIFICATIONS

TABLE 3 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2022-2031 (USD MILLION)

TABLE 4 NORTH AMERICA HARDWARE IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 5 NORTH AMERICA SOFTWARE IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 6 NORTH AMERICA SERVICES IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 7 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2022-2031 (USD THOUSAND)

TABLE 8 NORTH AMERICA CMM IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 9 NORTH AMERICA ODS IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 10 NORTH AMERICA ODS IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 11 NORTH AMERICA CT IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 12 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 13 NORTH AMERICA QUALITY CONTROL & INSPECTION IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 14 NORTH AMERICA REVERSE ENGINEERING IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 15 NORTH AMERICA MAPPING & MODELLING IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 16 NORTH AMERICA OTHERS IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 17 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY END USER, 2022-2031 (USD THOUSAND)

TABLE 18 NORTH AMERICA AUTOMOTIVE IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 19 NORTH AMERICA MANUFACTURING IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 20 NORTH AMERICA AEROSPACE & DEFENSE IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 21 NORTH AMERICA SEMICONDUCTOR IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 22 NORTH AMERICA OTHERS IN INDUSTRIAL METROLOGY MARKET, BY REGION, 2022-2031 (USD THOUSAND)

TABLE 23 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY COUNTRY, 2022-2031 (USD THOUSAND)

TABLE 24 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2022-2031 (USD THOUSAND)

TABLE 25 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2022-2031 (USD THOUSAND)

TABLE 26 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 27 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY END USER, 2022-2031 (USD THOUSAND)

TABLE 28 U.S. INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2022-2031 (USD THOUSAND).

TABLE 29 U.S. INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2022-2031 (USD THOUSAND)

TABLE 30 U.S. INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 31 U.S. INDUSTRIAL METROLOGY MARKET, BY END USER, 2022-2031 (USD THOUSAND).

TABLE 32 CANADA INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2022-2031 (USD THOUSAND)

TABLE 33 CANADA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2022-2031 (USD THOUSAND)

TABLE 34 CANADA INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 35 CANADA INDUSTRIAL METROLOGY MARKET, BY END USER, 2022-2031 (USD THOUSAND)

TABLE 36 MEXICO INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2022-2031 (USD THOUSAND)

TABLE 37 MEXICO INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2022-2031 (USD THOUSAND)

TABLE 38 MEXICO INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2022-2031 (USD THOUSAND)

TABLE 39 MEXICO INDUSTRIAL METROLOGY MARKET, BY END USER, 2022-2031 (USD THOUSAND)

List of Figure

FIGURE 1 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: SEGMENTATION

FIGURE 2 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: DATA TRIANGULATION

FIGURE 3 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: DROC ANALYSIS

FIGURE 4 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: NORTH AMERICA VS REGIONAL MARKET ANALYSIS

FIGURE 5 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: COMPANY RESEARCH ANALYSIS

FIGURE 6 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: INTERVIEW DEMOGRAPHICS

FIGURE 7 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: DBMR MARKET POSITION GRID..

FIGURE 8 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: MULTIVARIATE MODELING

FIGURE 9 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: OFFERING TIMELINE CURVE

FIGURE 10 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: MARKET END USER COVERAGE GRID

FIGURE 11 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: SEGMENTATION

FIGURE 12 THREE SEGMENTS COMPRISE NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING

FIGURE 13 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, EXECUTIVE SUMMARY

FIGURE 14 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY STRATEGIC DECISIONS

FIGURE 15 INCREASING DEMAND FOR HIGH-PRECISION MEASUREMENT SOLUTIONS IS EXPECTED TO DRIVE THE NORTH AMERICA INDUSTRIAL METROLOGY MARKET IN THE FORECAST PERIOD OF 2024 TO 2031

FIGURE 16 OFFERING SEGMENT IS EXPECTED TO ACCOUNT FOR THE LARGEST SHARE OF THE NORTH AMERICA INDUSTRIAL METROLOGY MARKET IN 2024 & 2031

FIGURE 17 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES OF THE NORTH AMERICA INDUSTRIAL METROLOGY MARKET

FIGURE 18 INDUSTRIAL AUTOMATION DEMAND GROWTH

FIGURE 19 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2023

FIGURE 20 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2023

FIGURE 21 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2023

FIGURE 22 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY END USER, 2023

FIGURE 23 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: SNAPSHOT (2023)

FIGURE 24 NORTH AMERICA INDUSTRIAL METROLOGY MARKET: COMPANY SHARE 2023 (%)

Frequently Asked Questions

The market is segmented based on Segmentation, By 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) - Industry Trends and Forecast to 2031 .
The North America Industrial Metrology Market size was valued at USD 4.04 USD Billion in 2023.
The North America Industrial Metrology Market is projected to grow at a CAGR of 6.5% during the forecast period of 2024 to 2031.
The market report covers data from the U.S., Canada, and Mexico.