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HOME Top Market Reports Industrial Metrology Market by Offering, Product, Application (Reverse Engineering, Quality & Inspection, Mapping & Modelling), Industry (Aerospace & Defense, Automotive, Precision Manufacturing, Consumer), and Geography - Global Forecast to 2023

Industrial Metrology Market by Offering, Product, Application (Reverse Engineering, Quality & Inspection, Mapping & Modelling), Industry (Aerospace & Defense, Automotive, Precision Manufacturing, Consumer), and Geography - Global Forecast to 2023

By: marketsandmarkets.com
Publishing Date: May 2018
Report Code: SE 6245

 

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The industrial metrology market is expected to grow from USD 8.92 billion in 2017 to USD 12.97 billion by 2023, at a CAGR of 6.2% during the forecast period. The need to improve the manufacturing environment is increasing with the growing use of high-performance products and manufacturing systems.  The high-performance products and manufacturing systems require accurate measurements for a wide range of parameters and in a broad range of production environments. Manufacturers are moving toward precision engineering along with integrating automation into their respective industrial environment, thereby, boosting the need for metrology services. This is particularly a significant trend in the aerospace and automotive industries.

Market Dynamics

Drivers

  • Growing big data analytics market
  • Growing demand from precision manufacturing industry
  • Increasing focus on quality control
  • Inability of traditional measurement devices to address many manufacturing issues

Restraint

  • High cost incurred for setting up  metrology facility
  • Lack of skilled precision machine operators

Opportunities

  • Adoption of cloud services to integrate the metrology data offers large potential for industrial metrology

Challenges

  • Integrating an inline inspection with current manufacturing process

Industrial Metrology Market

The objectives of the study are as follows:

  • Define, describe, segment, and forecast the industrial metrology market, in terms of value, on the basis of offering, equipment, application, end-user industry, and geography
  • Forecast the market for various segments with respect to 4 main region-North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW)
  • Provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
  • Analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • Profile the key players and their core competencies2, and provide the details of the competitive landscape for the market leaders
  • Analyze competitive strategies such as collaborations, agreements, partnerships, mergers and acquisitions, product launches and developments, and research and development (R&D) activities in the industrial metrology market

The base year considered for the study is 2017, and the market size forecast is given for the period between 2018 and 2023.

Research Methodology:

The research methodology used to estimate and forecast the industrial metrology market begins with capturing data on key vendor revenues through secondary research such as Hoovers, Bloomberg Business, Factiva, and OneSource. The vendor offerings have also been taken into consideration to determine the market segmentation. The bottom-up procedure has been employed to arrive at the overall size of the global industrial metrology market from the revenues of the key market players. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have then been verified through primary research by conducting extensive interviews with key industry experts, such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of profiles of primary respondents has been depicted in the figure below.

Industrial Metrology Market

To know about the assumptions considered for the study, download the pdf brochure

The major players in the industrial metrology market include Hexagon (Sweden), FARO Technologies (US), Nikon Metrology (Belgium), Carl Zeiss Optotechnik (Germany), Jenoptik (Germany), GOM (Germany), and Creaform (Canada).  Other prominent players are Renishaw (UK), KLA–Tencor (US), Applied Materials (US), Perceptron (US), GoM (Germany), Automated Precision (US), JLM Advanced Technical Services (US), Precision Products (US), CARMAR ACCURACY (Taiwan), Pollen Metrology (France), and Cairnhill Metrology (Singapore).

The Target Audience

  • Semiconductor foundries
  • Original equipment manufacturers (OEMs)
  • ODM and OEM technology solution providers
  • Market research and consulting firms
  • Associations, organizations, forums, and alliances related to industrial metrology
  • Technology investors
  • Governments and financial institutions
  • Venture capitalists, private equity firms, and start-up companies
  • Distributors and traders

Major Market Developments

  • In June 2017, Hexagon partnered with Airbus to provide optical laser trackers along with the innovative metrology solutions that help the company meet its time, cost, and quality goals as it ramps up production in Germany.
  • In March 2016, Hexagon acquired AICON 3D Systems (Germany), a leading provider of optical and portable non-contact 3D measuring systems for industrial manufacturing. This acquisition helped Hexagon to expand its business internationally using AICON’S wider portfolio and Hexagon’s global presence.
  • In June 2015, ZEISS acquired the majority interest in Steinbichler Optotechnik GmbH. This partnership strengthened the presence of ZEISS Industrial Metrology business group in the field of optical measuring technology, promoted digitization, and positioned it as a solutions provider in the quality-related processes associated with the car body production.

Scope of the Report:

The research report segments the industrial metrology market into the following submarkets:

By Offering:

  • Hardware
  • Software
  • Services
  • Solutions

By Equipment:

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

By Application:

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

By End-User Industry:

  • Aerospace and Defense
  • Automotive
  • Manufacturing
  • Semiconductor
  • Others

By Geography:

  • Americas
  • Europe
  • APAC
  • RoW

Critical questions which the report answers

  • Most of the suppliers have opted product launch and development as the key strategies as could be seen from the recent developments. Where will it take the industry in the mid to long term?
  • Which are the key players in the market and how intense is the competition?

Available Customizations:

  • Detailed analysis and profiling of additional market players (up to 5)
  • Further country-wise break-up of the market based on end-user industry
  • Product Matrix, which gives a detailed comparison of the product portfolio of each company

Table of Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of Study
    1.2 Definition
    1.3 Scope of Study
           1.3.1 Markets Covered
           1.3.2 Years Considered for Study
    1.4 Currency
    1.5 Limitations
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
                    2.1.1.1 Secondary Sources
           2.1.2 Primary Data
                    2.1.2.1 Key Data From Primary Sources
                    2.1.2.2 Key Industry Insights
                    2.1.2.3 Breakdown of Primaries
    2.2 Market Size Estimation
           2.2.1 Bottom-Up Approach
           2.2.2 Top-Down Approach
    2.3 Data Triangulation
    2.4 Research Assumptions

3 Executive Summary (Page No. - 26)

4 Premium Insights (Page No. - 30)
    4.1 Attractive Market Opportunities in Industrial Metrology Market
    4.2 Industrial Metrology Market, By Offering
    4.3 Industrial Metrology Market, By Equipment
    4.4 Industrial Metrology Market, By Application
    4.5 Industrial Metrology Market, By Equipment and End–User Industry
    4.6 US to Hold Largest Share of Industrial Metrology Market (2018)

5 Market Overview (Page No. - 33)
    5.1 Introduction
    5.2 Market Dynamics
           5.2.1 Drivers
                    5.2.1.1 Growing Big Data Analytics Market
                    5.2.1.2 Growing Demand for Inspection Services From the Precision Manufacturing Industry
                    5.2.1.3 Increasing Focus on Quality Control in Various Industries
                    5.2.1.4 The Inability of Traditional Measurement Devices to Address Several Manufacturing-Related Issues
           5.2.2 Restraints
                    5.2.2.1 High Cost of Setting Up Metrology Facility
                    5.2.2.2 Lack of Expertise Needed for Efficient Handling of Metrological Systems
           5.2.3 Opportunities
                    5.2.3.1 Adoption of Cloud Services to Integrate the Metrological Data
           5.2.4 Challenges
                    5.2.4.1 Integrating In-Line Inspection With Current Manufacturing Processes

6 Industrial Metrology Market, By Offering (Page No. - 37)
    6.1 Introduction
    6.2 Hardware
    6.3 Software
    6.4 Solutions
    6.5 Services
           6.5.1 After-Sales Services
           6.5.2 Measurement Services

7 Industrial Metrology Market, By Equipment (Page No. - 41)
    7.1 Introduction
    7.2 Coordinate Measuring Machine (CMM)
           7.2.1 Fixed CMM
                    7.2.1.1 Bridge CMM
                    7.2.1.2 Gantry CMM
                    7.2.1.3 Horizontal Arm CMM
                    7.2.1.4 Cantilever CMM
           7.2.2 Portable CMM
                    7.2.2.1 Articulated Arm CMM
    7.3 Optical Digitizer and Scanner (ODS)
           7.3.1 Laser Scanner
           7.3.2 Laser Tracker
    7.4 Measuring Instruments
           7.4.1 Measuring Microscope
           7.4.2 Profile Projector
           7.4.3 Autocollimator
    7.5 X-Ray and Computed Tomography
    7.6 Automated Optical Inspection
    7.7 2D Equipment

8 Industrial Metrology Market, By Application (Page No. - 54)
    8.1 Introduction
    8.2 Quality Control and Inspection
    8.3 Reverse Engineering
    8.4 Mapping and Modeling
    8.5 Other Applications

9 Industrial Metrology Market, By End-User Industry (Page No. - 60)
    9.1 Introduction
    9.2 Aerospace and Defense
    9.3 Automotive
    9.4 Semiconductor
    9.5 Manufacturing
    9.6 Others

10 Geographic Analysis (Page No. - 71)
     10.1 Introduction
     10.2 North America
             10.2.1 US
             10.2.2 Canada
             10.2.3 Mexico
     10.3 Europe
             10.3.1 Germany
             10.3.2 UK
             10.3.3 France
             10.3.4 Italy
             10.3.5 Spain
             10.3.6 Rest of Europe
     10.4 Asia Pacific (APAC)
             10.4.1 China
             10.4.2 Japan
             10.4.3 South Korea
             10.4.4 India
             10.4.5 Rest of APAC
     10.5 Rest of the World (RoW)
             10.5.1 Middle East and Africa
             10.5.2 South America

11 Competitive Landscape (Page No. - 95)
     11.1 Overview
     11.2 Key Players in Industrial Metrology Market
     11.3 Key Strategies Adopted By Companies in Industrial Metrology Market
             11.3.1 Product Launches & Developments
             11.3.2 Partnerships, Contracts, Agreements, & Collaborations
             11.3.3 Mergers & Acquisitions

12 Company Profiles (Page No. - 99)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
     12.1 Key Players
             12.1.1 Hexagon
             12.1.2 Faro Technologies
             12.1.3 Nikon Metrology
             12.1.4 Carl Zeiss
             12.1.5 Jenoptik
             12.1.6 Creaform
             12.1.7 Renishaw
             12.1.8 KLA-Tencor
             12.1.9 Applied Materials
             12.1.10 Perceptron
             12.1.11 GOM
             12.1.12 Automated Precision
     12.2 Other Players
             12.2.1 JLM Advanced Technical Services
             12.2.2 Precision Products
             12.2.3 Carmar Accuracy
             12.2.4 Pollen Metrology
             12.2.5 Cairnhill Metrology
             12.2.6 Att Metrology Services
             12.2.7 Trimet Group

*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.

13 Appendix (Page No. - 130)
     13.1 Insights From Industry Experts
     13.2 Discussion Guide
     13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
     13.4 Introducing RT: Real-Time Market Intelligence
     13.5 Available Customization
     13.6 Related Reports
     13.7 Author Details


List of Tables (74 Tables)

Table 1 Industrial Metrology Market, By Offering, 2015–2023 (USD Million)
Table 2 Industrial Metrology Market for Services, By Service Type, 2015–2023 (USD Million)
Table 3 Industrial Metrology Market, By Equipment, 2015–2023 (USD Million)
Table 4 Industrial Metrology Market, By Equipment, 2015–2023 (Units)
Table 5 Industrial Metrology Market for CMM, By Type, 2015–2023 (USD Million)
Table 6 Industrial Metrology Market for CMM, By End-User Industry, 2015–2023 (USD Million)
Table 7 Industrial Metrology Market for CMM, By Region, 2015–2023 (USD Million)
Table 8 Industrial Metrology Market for ODS, By Type, 2015–2023 (USD Million)
Table 9 Industrial Metrology Market for ODS, By End-User Industry, 2015–2023 (USD Million)
Table 10 Industrial Metrology Market for ODS, By Region, 2015–2023 (USD Million)
Table 11 Industrial Metrology Market for Measuring Instrument, By Type, 2015–2023 (USD Million)
Table 12 Industrial Metrology Market for Measuring Instruments, By End-User Industry, 2015–2023 (USD Million)
Table 13 Industrial Metrology Market for Measuring Instruments, By Region, 2015–2023 (USD Million)
Table 14 Industrial Metrology Market for X-Ray and Computed Tomography, By End-User Industry, 2015–2023 (USD Million)
Table 15 Industrial Metrology Market for X-Ray and Computed Tomography, By Region, 2015–2023 (USD Million)
Table 16 Industrial Metrology Market for Automated Optical Inspection, By End-User Industry, 2015–2023 (USD Million)
Table 17 Industrial Metrology Market for Automated Optical Inspection, By Region, 2015–2023 (USD Million)
Table 18 Industrial Metrology Market for 2D Equipment, By Type, 2015–2023 (USD Million)
Table 19 Industrial Metrology Market for 2D Equipment, By End-User Industry, 2015–2023 (USD Million)
Table 20 Industrial Metrology Market for 2D Equipment, By Region, 2015–2023 (USD Million)
Table 21 Industrial Metrology Market, By Application, 2015–2023 (USD Million)
Table 22 Industrial Metrology Market for Quality Control and Inspection, By End-User Industry, 2015–2023 (USD Million)
Table 23 Industrial Metrology Market for Reverse Engineering, By End-User Industry, 2015–2023 (USD Million)
Table 24 Industrial Metrology Market for Mapping and Modeling, By End-User Industry, 2015–2023 (USD Million)
Table 25 Industrial Metrology Market for Other Applications, By End-User Industry, 2015–2023 (USD Million)
Table 26 Industrial Metrology Market, By End-User Industry, 2015–2023 (USD Million)
Table 27 Industrial Metrology Market for Aerospace and Defense, By Equipment, 2015–2023 (USD Million)
Table 28 Industrial Metrology Market for Aerospace and Defense, By Application, 2015–2023 (USD Million)
Table 29 Industrial Metrology Market for Aerospace and Defense, By Region, 2015–2023 (USD Million)
Table 30 Industrial Metrology Market for Automotive, By Equipment, 2015–2023 (USD Million)
Table 31 Industrial Metrology Market for Automotive Industry, By Application, 2015–2023 (USD Million)
Table 32 Industrial Metrology Market for Automotive, By Region, 2015–2023 (USD Million)
Table 33 Industrial Metrology Market for Semiconductor, By Equipment, 2015–2023 (USD Million)
Table 34 Industrial Metrology Market for Semiconductor, By Application, 2015–2023 (USD Million)
Table 35 Industrial Metrology Market for Semiconductor, By Region, 2015–2023 (USD Million)
Table 36 Industrial Metrology Market for Manufacturing, By Equipment, 2015–2023 (USD Million)
Table 37 Industrial Metrology Market for Manufacturing, By Application, 2015–2023 (USD Million)
Table 38 Industrial Metrology Market for Manufacturing, By Region, 2015–2023 (USD Million)
Table 39 Industrial Metrology Market for Others, By Product, 2015–2023 (USD Million)
Table 40 Industrial Metrology Market for Others, By Application, 2015–2023 (USD Million)
Table 41 Industrial Metrology Market for Others, By Region, 2015–2023 (USD Million)
Table 42 Industrial Metrology Market, By Region, 2015–2023 (USD Million)
Table 43 North America Industrial Metrology Market, By Country, 2015–2023 (USD Million)
Table 44 Industrial Metrology Market in North America, By End-User Industry, 2015–2023 (USD Million)
Table 45 Industrial Metrology Market in North America for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 46 Industrial Metrology Market in North America for Automotive, By Country, 2015–2023 (USD Million)
Table 47 Industrial Metrology Market in North America for Manufacturing, By Country, 2015–2023 (USD Million)
Table 48 Industrial Metrology Market in North America for Semiconductor, By Country, 2015–2023 (USD Million)
Table 49 Industrial Metrology Market in North America for Others, By Country, 2015–2023 (USD Million)
Table 50 Industrial Metrology Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Industrial Metrology Market in Europe, By End-User Industry, 2015–2023 (USD Million)
Table 52 Industrial Metrology Market in Europe for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 53 Industrial Metrology Market in Europe for Automotive, By Country, 2015–2023 (USD Million)
Table 54 Industrial Metrology Market in Europe for Manufacturing, By Country, 2015–2023 (USD Million)
Table 55 Industrial Metrology Market in Europe for Semiconductor, By Country, 2015–2023 (USD Million)
Table 56 Industrial Metrology Market in Europe for Others, By Country, 2015–2023 (USD Million)
Table 57 Industrial Metrology Market in APAC, By Country, 2015–2023 (USD Million)
Table 58 Industrial Metrology Market in APAC, By End-User Industry, 2015–2023 (USD Million)
Table 59 Industrial Metrology Market for in APAC for Aerospace & Defense, By Country, 2015–2023 (USD Million)
Table 60 Industrial Metrology Market in APAC for Automotive, By Country, 2015–2023 (USD Million)
Table 61 Industrial Metrology Market in APAC for Manufacturing, By Country, 2015–2023 (USD Million)
Table 62 Industrial Metrology Market in APAC for Semiconductor, By Country, 2015–2023 (USD Million)
Table 63 Industrial Metrology Market in APAC for Others, By Country, 2015–2023 (USD Million)
Table 64 Industrial Metrology Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 Industrial Metrology Market in RoW, By End-User Industry, 2015–2023 (USD Million)
Table 66 Industrial Metrology Market in RoW for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 67 Industrial Metrology Market in RoW for Automotive, By Country, 2015–2023 (USD Million)
Table 68 Industrial Metrology Market in RoW for Manufacturing, By Country, 2015–2023 (USD Million)
Table 69 Industrial Metrology Market in RoW for Semiconductor, By Country, 2015–2023 (USD Million)
Table 70 Industrial Metrology Market in RoW for Other Industries, By Country, 2015–2023 (USD Million)
Table 71 Ranking Analysis of Top 5 Companies in Industrial Metrology Market, 2017
Table 72 Product Launches and Developments, 2016–2017
Table 73 Partnerships, Agreements, Collaborations, Contracts, and Joint Ventures, 2015–2017
Table 74 Mergers and Acquisitions, 2015–2017


List of Figures (44 Figures)

Figure 1 Industrial Metrology Market
Figure 2 Industrial Metrology Market: Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Data Triangulation
Figure 5 Industrial Metrology Market, By Offering, 2018–2023
Figure 6 Industrial Metrology Market, By Equipment, 2018 vs 2023
Figure 7 Industrial Metrology Market, By Application, 2018–2023
Figure 8 Industrial Metrology Market, By End-User Industry, 2018–2023
Figure 9 Industrial Metrology Market, By Region, 2018
Figure 10 Industrial Metrology Market Expected to Grow at Steady Rate Between 2018 and 2023
Figure 11 Hardware to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 12 CMM to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 13 Quality Control and Inspection Expected to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 14 CMM to Hold Largest Share of Industrial Metrology Market for Equipment By 2018
Figure 15 Industrial Metrology Market in China Expected to Grow at High CAGR Between 2018 and 2023
Figure 16 Industrial Metrology: Market Dynamics
Figure 17 Big Data Analytics Market: 2016–2023
Figure 18 Hardware Expected to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 19 Industrial Metrology Market for CMM to Grow at Highest CAGR Between 2018 and 2023
Figure 20 ODS Market for Automotive Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 21 X-Ray and Computed Tomography Market for Aerospace and Defense Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 22 Industrial Metrology Market for Quality Control to Grow at Highest CAGR Between 2018 and 2023
Figure 23 Industrial Metrology Market for Mapping and Modeling for Aerospace and Defense to Grow at Highest CAGR Between 2018 and 2023
Figure 24 Automotive Industry to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 25 Quality Control and Inspection to Dominate Industrial Metrology Market for Automotive Industry Between 2018 and 2023
Figure 26 Industrial Metrology Market for Manufacturing Industry for Quality Control and Inspection to Grow at Highest CAGR Between 2018 and 2023
Figure 27 Geographic Analysis: Industrial Metrology Market (2018–2023)
Figure 28 Snapshot: Industrial Metrology Market in North America
Figure 29 US to Hold Largest Size of Industrial Metrology Market for Semiconductor Industry Between 2018 and 2023
Figure 30 Snapshot: Industrial Metrology Market in Europe
Figure 31 Industrial Metrology Market in Europe for Automotive Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 32 Germany to Hold Largest Share of Industrial Metrology Market in Europe for Other Industries Between 2018 and 2023
Figure 33 Snapshot: Industrial Metrology Market in APAC
Figure 34 Industrial Metrology Market in China for Automotive Industry Grow at Highest CAGR Between 2018 and 2023
Figure 35 South America to Hold Larger Share of Industrial Metrology Market in RoW for Semiconductor Industry Between 2018 and 2023
Figure 36 Top Companies Adopted Partnership, Agreement, Contract, and Collaboration as Key Growth Strategies Between 2015 and 2017
Figure 37 Hexagon: Company Snapshot
Figure 38 Faro Technologies: Company Snapshot
Figure 39 Carl Zeiss: Company Snapshot
Figure 40 Jenoptik: Company Snapshot
Figure 41 Renishaw: Company Snapshot
Figure 42 KLA–Tencor: Company Snapshot (2017)
Figure 43 Applied Materials: Company Snapshot (2017)
Figure 44 Perceptron: Company Snapshot

According to the new market research report on the industrial metrology market, the market is expected to reach USD 12.97 billion by 2023 from USD 9.62 billion in 2017, at a CAGR of 6.2% during the forecast period. The growing big data analytics market and increasing demand for inspection services from the precision manufacturing drives the growth of industrial metrology market. Moreover, the increasing focus on quality control in various industries also contributes to the growth of this market.

This report segments the industrial metrology market on the basis of offering, equipment, application, end-user industry, and geography. On the basis of offering, the market has been further segmented into hardware, software, services, and solutions. The large market size of the hardware can be attributed to the increasing adoption of industrial metrology equipment in industries such as aerospace and defense, automotive, and manufacturing to maintain product quality.

The industrial metrology market based on equipment has been segmented into coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instrument, X-ray and computed tomography, automated optical inspection (AOI), 2D equipment. CMM is expected to hold the largest share of the industrial metrology market. The rising need for precision dimensional analysis and validating geometric accuracy in the manufacturing, automotive, aerospace, and military industries contribute to the largest share of the market for CMM. 2D equipment is expected to hold the second-largest size of the industrial metrology market after CMM during the forecast period.

The industrial metrology market, on the basis of application, has been segmented into quality control and inspection, reverse engineering, mapping and modeling, and others. The quality control and inspection application accounted for the largest share of the industrial metrology market in 2017. Industries such as automotive and aerospace face increasing demand for intense quality control and inspection; not meeting quality standards can hamper their reputation and, ultimately, their brand and business. Thus, these industries are prominently adopting industrial metrology for quality control and inspection application.

The industrial metrology market for the automotive industry is expected to grow at the highest CAGR between 2018 and 2023. The shift in preference from off-line quality inspection to near-line or in-line measurement techniques, enabling higher sampling rates and shorter inspection times, drives the growth of the industrial metrology market for the automotive industry. Moreover, the growing demand for automobiles in developing countries, such as India and China, is expected to fuel the growth of industrial metrology market in the near future.

APAC holds huge potential for the industrial metrology market. The growth of the market in APAC is attributed to growing automotive and manufacturing plants in this region. Moreover, large funding from governments of various APAC countries in research and development, and extensive industrial base are the major contributors to the industrial metrology market in APAC, with China, South Korea, and Japan being the major countries contributing to the growth. Also, continuous technological advancements propel the growth of this market.

The high cost of setting up metrology facility and the lack of expertise needed for efficient handling of metrological systems restrict the growth of industrial metrology market.

Industrial Metrology Market

Growing demand for inspection services from precision manufacturing industry and growing big data analytics drives the growth of industrial metrology market

Industrial Metrology Market

Automotive

In the automotive industry, industrial metrology is required for conducting inspection, measurement, and quality checks for various components. The automotive industry has been increasingly using optical measurement systems and coordinates measuring machines instead of the conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of vehicles. Automotive design and styling play an important role in the automotive industry.

Aerospace and Defense

Aerospace is one the highly-competitive industries where product performance and quality are crucial for market success. The regulatory changes, environmental concerns, and need to reduce operating costs pose a serious challenge for OEMs to keep up with the pace of the ever-changing market scenario. As the aircraft producers embrace distributed manufacturing, new construction materials and productions techniques, such as additive manufacturing and advanced machining, knowledge-based manufacturing is becoming imperative.

Manufacturing

The manufacturers deploying contemporary production processes are, nowadays, facing huge demands to manufacture products in a shorter time and in complicated conditions along with increased quality demands. In this situation, unstable and disturbing processes become most critical concern as such processes inevitably lead to quality problems or production failures, which can cause a serious drop in the competitive ability. Therefore, the manufacturing companies are forced to effectively and economically control and optimize all of their processes to remain competitive in their respective markets in the future.

Critical questions would be:

  • Where will all these developments take the industry in the mid to long term?
  • Will the suppliers continue to explore new avenues for metrology? 
  • What are the upcoming industry applications for industrial metrology?

The key restraining factors is the lack of expertise needed to for efficient handling of metrological systems efficiently. The metrology equipment requires a high level of technical expertise depending upon the vertical industry and type of products and components being measured for being analyzed is or inspected ion. There are a limited the number of metrology experts available in the market is limited due to the lack of training centers or industry-specific certification courses. Moreover, another factor that affects the employees in the manufacturing industries have been handling the conventional coordinate measuring machines (CMMs), which is the  another factor impacting the industrial metrology market, is that the employees working in manufacturing companies have been handling conventional CMMs  and therefore as these employees are less exposed to they lack the technical information regarding new technologies. 

The major players in the industrial metrology market include Hexagon (Sweden), FARO Technologies (US), Nikon Metrology (Belgium), Carl Zeiss Optotechnik (Germany), Jenoptik (Germany), GOM (Germany), and Creaform (Canada). Other prominent players are Renishaw (UK), KLA–Tencor (US), Applied Materials (US), Perceptron (US), GoM (Germany), Automated Precision (US), JLM Advanced Technical Services (US), Precision Products (US), CARMAR ACCURACY (Taiwan), Pollen Metrology (France), and Cairnhill Metrology (Singapore).

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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