Industrial Metrology Market

Industrial Metrology Market with COVID-19 Impact Analysis by Offering, Equipment, Application (Quality & Inspection, Reverse Engineering, Mapping & Modelling), End-User Industry, Geography - Global Forecast to 2026

Report Code: SE 6245 Mar, 2021, by marketsandmarkets.com

[233 Pages Report] The industrial metrology market is expected to grow from USD 9.8 billion in 2021 to USD 13.2 billion by 2026; it is expected to grow at a CAGR of 6.2% during the forecast period. The industrial metrology market has been witnessing significant growth over the past years, mainly owing to the rising demand for big data analytics, and increasing demand for automobiles in emerging economies. Increasing adoption of cloud services to integrate metrological data and rise in demand for industry 4.0 are also expected to considerably boost the industrial metrology market in the coming years.

Industrial Metrology Market

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Impact of COVID-19 on Industrial Metrology Market:

The world is facing an economic crisis caused by COVID-19 pandemic. The pandemic like various other markets has also led to a decline in the growth rate of the industrial metrology market, especially in 2020 and 2021. This is because organizations in most of the major demand-generating verticals are currently, or were, non-operational in various countries, thereby negatively impacting the industrial metrology market. The COVID-19 pandemic has also operations on a massive scale, and manufacturers are facing the challenge of assessing the impact. Past and current lockdowns resulting in the shutdown of manufacturing facilities have put a lot of strain on the industrial sector.

Market Dynamics:

Driver: Rising demand for big data analytics

In the manufacturing industry, the volume of data generated has increased exponentially with every new dimension. The manufacturing units of leading industries are equipped with numerous measuring instruments, and each one routinely identifies and gathers over 300 inputs. The need for big data analytics is rising in the metrology industry too. Consistent measurement of parts and components generates a large volume of data sets. The analysis of this large volume of data collected is useless if false information is stored, which does not help understand a complex reality. Companies gather the data through extensive in-line, end-of-line, and metrological inspections. Many companies have started analyzing the production data using advanced analytical tools, which can improve many important manufacturing procedures, including yield, throughput, equipment availability, as well as operating costs. Analysis of big data allows businesses to make faster and better decisions.

Restraint: Requirement of high investment for setting up of metrology facility

Industrial metrology is widely adopted in the aerospace & defense, automotive, semiconductor, and manufacturing industries. The metrology facilities are either set up by the manufacturers or outsourced to incorporate metrology in the product development and production process chains. The overall cost associated with the setting up of a metrology facility includes the cost of measuring equipment, installation cost, and maintenance cost, which is an extensive investment for small- and medium-sized enterprises. The setting up a whole metrology department makes it difficult to achieve a targeted return on investment (ROI) suitable within a corresponding business plan. The setting up process is expensive, time-consuming, and complicated. Thus, it becomes difficult for SMEs to invest heavily in implementing the metrology system, which is expected to restrict the growth of the industrial metrology market during the forecast period.

Opportunity: Adoption of cloud services to integrate metrological data

The exponential growth in cloud services is offering a wide scope for the manufacturing industries to automate the manufacturing process. Cloud computing is proving to be beneficial for businesses of all sizes. Many of the metrology solution providers, such as FARO Technologies (US), Nikon (Japan), and Carl Zeiss (Germany), are providing cloud-based solutions on the customer demand, and this is shifting the trend toward cloud-based IT framework for the management of the metrological data. Furthermore, the manufacturing industries are rapidly adopting Industry 4.0 for most of their processes. Thus, the adoption of cloud services to store and analyze the metrology data helps the manufacturing companies in research and development activities as well as in product analysis. Moreover, it helps companies to offer connected software solutions to their clients.

Challenge: Lack of expertise for handling metrological systems

Inspection and metrology serve as the quality control function. The field of knowledge required in efficient handling of metrological systems includes geometrical and dimensional measurements, quality control analysis, production processes, equipment maintenance and repair, as well as technical testing, which depends upon the industry and type of products and components being analyzed or inspected. The improper performance of the task leads to undesirable consequences, as the quality performance decisions are based on measurement and inspection. High skilled workers are required to manage the measuring machines. However, the number of metrology experts available in the market is limited owing to the lack of training centers or industry-specific certification courses. Moreover, employees in the manufacturing industries have been handling the conventional coordinate measuring machines (CMMs), which is another factor impacting the growth of the industrial metrology market, as the employees are less exposed to the technical information regarding new technologies.

Services segment for industrial metrology market to grow at highest CAGR during the forecast period

Based on offering, the industrial metrology market has been segmented into three broad categories: hardware, software, and services. Among these, the services segment is expected to record the highest CAGR during the forecast period. The high cost incurred in setting up a metrology facility and the lack of metrology experts are the major factors responsible for the growth of the market for services. Manufacturing companies are outsourcing their metrology measurement and inspection work to service providers to achieve short measuring times, reduced measurement uncertainty, and process stability, thereby driving the growth of the industrial metrology market for services.

Coordinate measuring machines (CMM) equipment to account for largest market share during the forecast period

The industrial metrology market is expected to be led by the coordinate measuring machines (CMM) equipment during the forecast period, based on equipment. The rising need for precision dimensional analysis and validation of geometric accuracy in the manufacturing, automotive, and aerospace & defense industries is the factor responsible for the largest share of the CMM segment.

Quality control and inspection application to growth at highest CAGR during forecast period

The quality control and inspection application segment dominated the industrial metrology market and is expected to hold the leading position throughout the forecast period. The increasing competition and need for improving safety have resulted in the high adoption of quality control and inspection systems in various industries, including automotive, aerospace & defense, and semiconductor. In these industries, maintaining and enhancing the quality of a product is of high importance. As industrial metrology equipment are the best available options in the market for quality control and inspection application, their adoption has increased at a significant rate.

Automotive end-user industry to dominate industrial metrology market, in terms of size as well as growth, during the forecast period

The industrial metrology market for automotive end-user industry is expected to hold a dominant position during the forecast period. 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 in the automotive industry, is expected to drive the growth of the industrial metrology market for the automotive industry. Moreover, the growing demand for electric vehicles is also expected to fuel the growth of the industrial metrology market in the near future.

Industrial Metrology Market by Region

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North America to account for largest market share during forecast period

North America to account for the largest share of the industrial metrology market during the forecast period. High demand for industrial metrology products for the automobile and aerospace & defense industries is one of the major factors for the growth of the industrial metrology market in North America. Several companies offering industrial metrology products, including FARO Technologies (US), Hexagon (Sweden), Nikon (Japan) and Carl Zeiss (Germany), have a presence in this region, which further adds to the growth of the industrial metrology market in North America.

Key Market Players

Hexagon (Sweden), Carl Zeiss (Germany), Nikon (Japan), KEYENCE (Japan), and FARO Technologies (US). Jenoptik (Germany), Creaform (Canada), KLA Corporation (US), Renishaw (UK), Mitutoyo Corporation (Japan), are among the key players operating in the industrial metrology market.

Scope of the Report

Report Metric

Details

Market size available for years

2017–2025

Base year considered

2020

Forecast period

2021–2026

Forecast units

Value (USD), and Units

Segments covered

Offering, Equipment, Application, End-User Industry, and Region

Regions covered

North America, APAC, Europe, and RoW

Companies covered

Hexagon (Sweden), Carl Zeiss (Germany), Nikon (Japan), KEYENCE (Japan), FARO Technologies (US), Jenoptik (Germany), Creaform (Canada), KLA Corporation (US), Renishaw (UK), and Mitutoyo Corporation (Japan), are among the key players operating in the industrial metrology market.

This research report categorizes the industrial metrology market based on offering, equipment, application, end-user industry, and region.

Industrial Metrology Market, by Offering

  • Hardware
  • Software
  • Services

Industrial Metrology Market, by Equipment

  • Coordinate Measuring Machine (CMM)
  • Optical Digitizer and Scanner (ODS)
  • Measuring Instruments
  • X-Ray and Computed Tomography
  • Automated Optical Inspection
  • Form Measurement Equipment
  • 2D Equipment

Industrial Metrology Market, by Application

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

Industrial Metrology Market, by End-User Industry

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

Industrial Metrology Market, by Geography

  • North America (US, Canada, and Mexico)
  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)
  • APAC (China, Japan, South Korea, India, and Rest of APAC)
  • RoW (South America, and Middle East and Africa)

Recent Developments

  • In December 2020, Hexagon (Sweden) manufacturing division announced the signing of an agreement to acquire MECADAT AG, a distributor of Computer-aided design (CAD) & Computer-aided manufacturing (CAM) software and complementary solutions for tool and mold making. MECADAT is known for its experience in the field of tooling and mold. It is also associated with the Hexagon for the sale of its VISI software in Germany.
  • In November 2020, Nikon (Japan) introduced a new video measuring system “NEXIV VMZ S3020”. This new series of NEXIV helps in measuring a variety of mechanical, electrical, electronic components that are within the dimension 300*200*200 working volume. This system has improved throughput, image quality, and accurate measurement data.
  • In September 2020, Jenoptik (Germany) completed the acquisition of the first tranche of 75 percent of the Hamburg-based optics specialist TRIOPTICS. The company will be an additional key pillar of the Light & Optics division. TRIOPTICS is a leading international supplier of test equipment and manufacturing systems for optical components and sensors in the digital world.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 30)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 SUMMARY OF CHANGES
    1.4 STUDY SCOPE
           1.4.1 MARKETS COVERED
                 FIGURE 1 INDUSTRIAL METROLOGY MARKET SEGMENTATION
           1.4.2 GEOGRAPHIC SCOPE
           1.4.3 YEARS CONSIDERED
    1.5 CURRENCY
    1.6 LIMITATIONS
    1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 35)
    2.1 RESEARCH DATA
        FIGURE 2 PROCESS FLOW: INDUSTRIAL METROLOGY MARKET SIZE ESTIMATION
        FIGURE 3 RESEARCH DESIGN
           2.1.1 SECONDARY AND PRIMARY RESEARCH
           2.1.2 SECONDARY DATA
                    2.1.2.1 Secondary sources
                    2.1.2.2 Major secondary sources
           2.1.3 PRIMARY DATA
                    2.1.3.1 Key data from primary sources
                    2.1.3.2 Key industry insights
                    2.1.3.3 Breakdown of primaries
    2.2 MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Bottom-up approach for arriving at market share
                            FIGURE 4 INDUSTRIAL METROLOGY MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Top-down approach for arriving at market share
                             FIGURE 5 INDUSTRIAL METROLOGY MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 6 DATA TRIANGULATION
    2.4 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 45)
    3.1 INDUSTRIAL METROLOGY MARKET: POST COVID-19
           3.1.1 REALISTIC SCENARIO
                 FIGURE 7 REALISTIC SCENARIO: INDUSTRIAL METROLOGY MARKET, 2017–2026 (USD BILLION)
           3.1.2 PESSIMISTIC SCENARIO
                 FIGURE 8 PESSIMISTIC SCENARIO: INDUSTRIAL METROLOGY MARKET, 2017–2026 (USD BILLION)
           3.1.3 OPTIMISTIC SCENARIO
                 FIGURE 9 OPTIMISTIC SCENARIO: INDUSTRIAL METROLOGY MARKET, 2017–2026 (USD BILLION)
                 FIGURE 10 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET
                 FIGURE 11 HARDWARE SEGMENT, BY OFFERING, TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
                 FIGURE 12 QUALITY CONTROL & INSPECTION APPLICATION TO BE FASTEST-GROWING SEGMENT DURING FORECAST PERIOD
                 FIGURE 13 CMM SEGMENT TO HOLD LARGEST SHARE OF INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
                 FIGURE 14 AUTOMOTIVE TO BE DOMINANT SEGMENT IN INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
                 FIGURE 15 NORTH AMERICA HELD LARGEST MARKET SHARE IN 2020

4 PREMIUM INSIGHTS (Page No. - 52)
    4.1 ATTRACTIVE GROWTH OPPORTUNITIES IN INDUSTRIAL METROLOGY MARKET
        FIGURE 16 INCREASING ADOPTION OF INDUSTRIAL METROLOGY IN APAC TO DRIVE MARKET GROWTH
    4.2 INDUSTRIAL METROLOGY MARKET, BY OFFERING
        FIGURE 17 SERVICES SEGMENT TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
    4.3 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT
        FIGURE 18 COORDINATE MEASURING MACHINE SEGMENT DOMINATED INDUSTRIAL METROLOGY MARKET IN 2020
    4.4 INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA, BY COUNTRY AND END-USER INDUSTRY
        FIGURE 19 US AND AEROSPACE & DEFENSE TO HOLD LARGEST SHARES OF INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA BY 2026
    4.5 INDUSTRIAL METROLOGY MARKET, BY APPLICATION
        FIGURE 20 QUALITY CONTROL & INSPECTION SEGMENT TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026
    4.6 INDUSTRIAL METROLOGY MARKET, BY COUNTRY (2021)
        FIGURE 21 US TO HOLD LARGEST SHARE OF INDUSTRIAL METROLOGY MARKET IN 2021

5 MARKET OVERVIEW (Page No. - 55)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 22 INDUSTRIAL METROLOGY MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Rising demand for big data analytics
                            FIGURE 23 GLOBAL BIG DATA MARKET: 2018–2025
                    5.2.1.2 Increasing demand for automobiles in emerging economies
                    5.2.1.3 Growing demand for quality and inspection equipment in precision manufacturing industry
                    5.2.1.4 Increasing focus on manufacturing superior- and uniform-quality products
                            FIGURE 24 DRIVERS OF INDUSTRIAL METROLOGY MARKET AND THEIR IMPACTS
           5.2.2 RESTRAINTS
                    5.2.2.1 Requirement of high investment for setting up of metrology facility
                            FIGURE 25 RESTRAINTS FOR INDUSTRIAL METROLOGY MARKET AND THEIR IMPACTS
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Adoption of cloud services to integrate metrological data
                    5.2.3.2 Rise in demand for industry 4.0
                            FIGURE 26 OPPORTUNITIES FOR INDUSTRIAL METROLOGY MARKET AND THEIR IMPACTS
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of expertise for handling metrological systems
                    5.2.4.2 Negative impact of COVID-19 on demand for metrology equipment
                            FIGURE 27 CHALLENGES FOR INDUSTRIAL METROLOGY MARKET AND THEIR IMPACTS
    5.3 VALUE CHAIN ANALYSIS
        FIGURE 28 VALUE CHAIN ANALYSIS: INDUSTRIAL METROLOGY MARKET
    5.4 PORTER’S FIVE FORCE ANALYSIS
        TABLE 1 INDUSTRIAL METROLOGY MARKET: PORTER’S FIVE FORCES ANALYSIS
        TABLE 2 IMPACT OF EACH FORCE ON INDUSTRIAL METROLOGY MARKET
    5.5 PRICING ANALYSIS
        FIGURE 29 AVERAGE SELLING PRICE OF METROLOGY EQUIPMENT (USD THOUSAND)
    5.6 TRADE ANALYSIS
           5.6.1 TRADE ANALYSIS FOR INDUSTRIAL METROLOGY
                 TABLE 3 INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING/CHECKING FUNCTION: GLOBAL IMPORTS DATA, 2015–2019 (USD MILLION)
                 TABLE 4 INSTRUMENTS, APPLIANCES, AND MACHINES FOR MEASURING/CHECKING FUNCTION: GLOBAL EXPORTS DATA, 2015–2019 (USD MILLION)
                 TABLE 5 COMPUTED TOMOGRAPHY APPARATUS: GLOBAL IMPORTS DATA, 2015 - 2019 (USD MILLION)
                 TABLE 6 COMPUTED TOMOGRAPHY APPARATUS: GLOBAL EXPORTS DATA, 2015–2019 (USD MILLION)
           5.6.2 TARIFF ANALYSIS
                 TABLE 7 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY US FOR MEASURING/CHECKING FUNCTION
                 TABLE 8 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINE EXPORTED BY GERMANY FOR MEASURING/CHECKING FUNCTION
                 TABLE 9 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY UK FOR MEASURING/CHECKING FUNCTION
                 TABLE 10 TARIFFS FOR INSTRUMENTS, APPLIANCE, AND MACHINES EXPORTED BY CHINA FOR MEASURING/CHECKING FUNCTIONS
                 TABLE 11 TARIFFS FOR INSTRUMENTS, APPLIANCES, AND MACHINES EXPORTED BY JAPAN FOR MEASURING/CHECKING FUNCTIONS
                 TABLE 12 TARIFFS FOR COMPUTER TOMOGRAPHY APPARATUS EXPORTED BY GERMANY
                 TABLE 13 TARIFFS FOR COMPUTER TOMOGRAPHY APPARATUS EXPORTED BY US
                 TABLE 14 TARIFFS FOR COMPUTER TOMOGRAPHY APPARATUS EXPORTED BY CHINA
                 TABLE 15 TARIFFS FOR COMPUTER TOMOGRAPHY APPARATUS EXPORTED BY JAPAN
                 TABLE 16 TARIFFS FOR COMPUTER TOMOGRAPHY APPARATUS EXPORTED BY UK
    5.7 ECOSYSTEM
        FIGURE 30 INDUSTRIAL METROLOGY MARKET: ECOSYSTEM
        TABLE 17 INDUSTRIAL METROLOGY MARKET: ECOSYSTEM
        FIGURE 31 INDUSTRIAL METROLOGY MARKET: YC-YCC SHIFT
    5.8 CASE STUDY ANALYSIS
           5.8.1 INTEGRATION OF INDUSTRIAL METROLOGY OF HEXAGON TO IMPROVE PRODUCT QUALITY AND BOOST PRODUCTIVITY
           5.8.2 NIKON METROLOGY PROVIDES MEASURING INSTRUMENTS TO CONFIRM PRODUCT QUALITY
           5.8.3 FARO TECHNOLOGIES PROVIDE MEASUREMENT SOLUTION FOR AUTOMOBILES
           5.8.4 MICROSERVICE, XD LASER QUICKLY VERIFIES TENOVA’S 3AXIS MACHINE TOOL
    5.9 PATENT ANALYSIS
    5.1 TECHNOLOGY ANALYSIS
           5.10.1 COMBINING CMM WITH INDUSTRIAL INTERNET OF THINGS (IIOT)
           5.10.2 ZEISS GROUP AND MICROSOFT CORP. PARTNERED TO ENHANCE DIGITAL EXPERIENCES
           5.10.3 ADVANCE 3D SCANNERS BY FARO TECHNOLOGIES
           5.10.4 NEW GENERATION LASER RADAR BY NIKON
           5.10.5 SMART IN-LINE CT INSPECTION SYSTEM
           5.10.6 ARTIFICIAL INTELLIGENCE IN INDUSTRIAL METROLOGY
    5.11 MARKET REGULATIONS AND STANDARDS
           5.11.1 STANDARDS
           5.11.2 REGULATIONS
                    5.11.2.1 Restriction of Hazardous Substances (ROHS) and Waste Electrical and Electronic Equipment (WEEE)
                    5.11.2.2 Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH)
                    5.11.2.3 Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH)
           5.11.3 GENERAL DATA PROTECTION REGULATION (GDPR)
           5.11.4 IMPORT–EXPORT LAWS

6 INDUSTRIAL METROLOGY MARKET, BY OFFERING (Page No. - 83)
    6.1 INTRODUCTION
        FIGURE 32 INDUSTRIAL METROLOGY MARKET, BY OFFERING
        FIGURE 33 HARDWARE SEGMENT TO ACCOUNT FOR LARGEST SIZE OF INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
        TABLE 18 INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2017–2020 (USD BILLION)
        TABLE 19 INDUSTRIAL METROLOGY MARKET, BY OFFERING, 2021–2026 (USD BILLION)
    6.2 HARDWARE
           6.2.1 HARDWARE SEGMENT TO DOMINATE INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
    6.3 SOFTWARE
           6.3.1 INCREASED ADOPTION OF CLOUD SOFTWARE IN METROLOGY TO FUEL GROWTH OF SOFTWARE MARKET
    6.4 SERVICES
           6.4.1 AFTER-SALES SERVICES
                    6.4.1.1 Need for regular system upgrades to drive growth of after-sales services segment
           6.4.2 MEASUREMENT SERVICES
                    6.4.2.1 Part sourcing and outsourcing helps in reducing overall production cost
           6.4.3 STORAGE-AS-A-SERVICE
                    6.4.3.1 Increasing focus companies on adoption of cost-effective measures to boost market growth
           6.4.4 SOFTWARE-AS-A-SERVICE
                    6.4.4.1 Increasing cloud usage for metrology services to drive adoption of software-as-a-service in industrial metrology market

7 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT (Page No. - 89)
    7.1 INTRODUCTION
        FIGURE 34 INDUSTRIAL METROLOGY MARKET FOR ODS TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026
        TABLE 20 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2017–2020 (USD MILLION)
        TABLE 21 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2021–2026 (USD MILLION)
        TABLE 22 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2017–2020 (UNITS)
        TABLE 23 INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT, 2021–2026 (UNITS)
    7.2 COORDINATE MEASURING MACHINE (CMM)
           7.2.1 FIXED CMM
                    7.2.1.1 Bridge CMM
                               7.2.1.1.1 Bridge CMM offers excellent rigidity and higher accuracy
                    7.2.1.2 Gantry CMM
                               7.2.1.2.1 Gantry CMMs are mainly used for measuring large objects
                    7.2.1.3 Horizontal arm CMM
                               7.2.1.3.1 Horizontal arm CMMs are ideal for measuring large workpieces and parts that are hard to reach
                    7.2.1.4 Cantilever CMM
                               7.2.1.4.1 Cantilever CMMs are smaller in size and offer high accuracy
           7.2.2 PORTABLE CMM
                    7.2.2.1 Articulated arm CMM
                               7.2.2.1.1 Articulated arm CMMs exhibit quick and accurate inspection
                                         FIGURE 35 ARTICULATED ARM CMM MARKET TO EXHIBIT HIGHEST CAGR BETWEEN 2021 AND 2026
                                         TABLE 24 INDUSTRIAL METROLOGY MARKET FOR CMM, BY TYPE, 2017–2020 (USD MILLION)
                                         TABLE 25 INDUSTRIAL METROLOGY MARKET FOR CMM, BY TYPE, 2021–2026 (USD MILLION)
                                         TABLE 26 INDUSTRIAL METROLOGY MARKET FOR CMM, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                         TABLE 27 INDUSTRIAL METROLOGY MARKET FOR CMM, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.3 OPTICAL DIGITIZER AND SCANNER (ODS)
           7.3.1 LASER SCANNER AND STRUCTURED LIGHT SCANNER
                    7.3.1.1 Laser scanners offer fast and non-contact scanning and provide exact locations of coordinates of scanned objects
           7.3.2 LASER TRACKER
                    7.3.2.1 Laser trackers are mainly used for measuring large objects by determining position of optical target
                            TABLE 28 INDUSTRIAL METROLOGY MARKET FOR ODS, BY TYPE, 2017–2020 (USD MILLION)
                            TABLE 29 INDUSTRIAL METROLOGY MARKET FOR ODS, BY TYPE, 2021–2026 (USD MILLION)
                            TABLE 30 INDUSTRIAL METROLOGY MARKET FOR ODS, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                            TABLE 31 INDUSTRIAL METROLOGY MARKET FOR ODS, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.4 MEASURING INSTRUMENTS
           7.4.1 MEASURING MICROSCOPE
                    7.4.1.1 Industrial measurement and image analysis are major applications of measuring microscopes
           7.4.2 PROFILE PROJECTOR
                    7.4.2.1 Profile projectors are mainly used to measure small objects and parts
           7.4.3 AUTOCOLLIMATOR
                    7.4.3.1 Autocollimators are ideal for measuring small angular differences
           7.4.4 VISION SYSTEM
                    7.4.4.1 Vision systems are used for high-resolution measurements in millimeter to nanometer range
           7.4.5 MULTISENSOR MEASURING SYSTEM
                    7.4.5.1 Multisensor measuring systems are ideal for use in hard-to-reach areas using touch probe
                            FIGURE 36 AEROSPACE & DEFENSE SEGMENT TO DOMINATE INDUSTRY METROLOGY MARKET FOR MEASURING INSTRUMENTS DURING FORECAST PERIOD
                            TABLE 32 INDUSTRIAL METROLOGY MARKET FOR MEASURING INSTRUMENTS, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                            TABLE 33 INDUSTRIAL METROLOGY MARKET FOR MEASURING INSTRUMENTS, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.5 X-RAY AND COMPUTED TOMOGRAPHY
           7.5.1 COMPUTED TOMOGRAPHY MACHINES ARE MAINLY USED IN INDUSTRIES FOR DETECTION OF FLAWS SUCH AS VOIDS AND CRACKS, AND ANALYZING PARTICLE IN MATERIALS
                 TABLE 34 INDUSTRIAL METROLOGY MARKET FOR X-RAY AND COMPUTED TOMOGRAPHY, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 35 INDUSTRIAL METROLOGY MARKET FOR X-RAY AND COMPUTED TOMOGRAPHY, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.6 AUTOMATED OPTICAL INSPECTION
           7.6.1 INCREASING DEMAND FOR AUTOMATED OPTICAL INSPECTION IN SEMICONDUCTOR INDUSTRY
                 TABLE 36 INDUSTRIAL METROLOGY MARKET FOR AUTOMATED OPTICAL INSPECTION, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 37 INDUSTRIAL METROLOGY MARKET FOR AUTOMATED OPTICAL INSPECTION, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.7 FORM MEASUREMENT EQUIPMENT
           7.7.1 FORM MEASUREMENT EQUIPMENT ARE MAINLY USED FOR SURFACE ANALYSIS AND CONTOUR MEASUREMENT
                 TABLE 38 INDUSTRIAL METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 39 INDUSTRIAL METROLOGY MARKET FOR FORM MEASUREMENT EQUIPMENT, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    7.8 2D EQUIPMENT
           7.8.1 MICROMETERS ARE MOST COMMONLY USED 2D EQUIPMENT IN INDUSTRIAL METROLOGY MARKET
                 FIGURE 37 CALIPERS & MICROMETERS SEGMENT TO DOMINATE INDUSTRY METROLOGY MARKET FOR 2D EQUIPMENT DURING FORECAST PERIOD
                 TABLE 40 INDUSTRIAL METROLOGY MARKET FOR 2D EQUIPMENT, BY TYPE, 2017–2020 (USD MILLION)
                 TABLE 41 INDUSTRIAL METROLOGY MARKET FOR 2D EQUIPMENT, BY TYPE, 2021–2026 (USD MILLION)
                 TABLE 42 INDUSTRIAL METROLOGY MARKET FOR 2D EQUIPMENT, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 43 INDUSTRIAL METROLOGY MARKET FOR 2D EQUIPMENT, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)

8 INDUSTRIAL METROLOGY MARKET, BY APPLICATION (Page No. - 108)
    8.1 INTRODUCTION
        FIGURE 38 INDUSTRIAL METROLOGY MARKET, BY APPLICATION
        FIGURE 39 QUALITY CONTROL AND INSPECTION SEGMENT TO REGISTER HIGHEST CAGR BETWEEN 2021 AND 2026
        TABLE 44 INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 45 INDUSTRIAL METROLOGY MARKET, BY APPLICATION, 2021–2026 (USD MILLION)
    8.2 QUALITY CONTROL AND INSPECTION
           8.2.1 QUALITY CONTROL AND INSPECTION SEGMENT TO ACCOUNT FOR LARGEST SHARE OF INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
                 TABLE 46 INDUSTRIAL METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION APPLICATION, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 47 INDUSTRIAL METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION APPLICATION, BY END-USER INDUSTRY 2021–2026 (USD MILLION)
           8.2.2 INDUSTRIAL METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION APPLICATION: COVID-19 IMPACT
                 FIGURE 40 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION APPLICATION
                 TABLE 48 PRE- & POST-COVID-19 INDUSTRIAL METROLOGY MARKET FOR QUALITY CONTROL AND INSPECTION APPLICATION, 2017–2026 (USD BILLION)
    8.3 REVERSE ENGINEERING
           8.3.1 REVERSE MODELING, RECONSTRUCTION, AND DIGITAL SIMULATION TO DRIVE GROWTH OF REVERSE ENGINEERING APPLICATION SEGMENT
                 TABLE 49 INDUSTRIAL METROLOGY MARKET FOR REVERSE ENGINEERING APPLICATION, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 50 INDUSTRIAL METROLOGY MARKET FOR REVERSE ENGINEERING APPLICATION, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    8.4 MAPPING AND MODELING
           8.4.1 MAPPING AND MODELING HELP MANUFACTURERS TO VISUALIZE AND CONSTRUCT VISUAL PROTOTYPES OF THEIR PRODUCTS
                 FIGURE 41 AUTOMOTIVE SEGMENT TO DOMINATE INDUSTRIAL METROLOGY MARKET FOR MAPPING AND MODELING BETWEEN 2021 AND 2026
                 TABLE 51 INDUSTRIAL METROLOGY MARKET FOR MAPPING AND MODELING APPLICATION, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                 TABLE 52 INDUSTRIAL METROLOGY MARKET FOR MAPPING AND MODELING APPLICATION, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    8.5 OTHERS
        TABLE 53 INDUSTRIAL METROLOGY MARKET FOR OTHER APPLICATIONS, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
        TABLE 54 INDUSTRIAL METROLOGY MARKET FOR OTHER APPLICATIONS, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)

9 INDUSTRIAL METROLOGY MARKET, BY END-USER INDUSTRY (Page No. - 117)
    9.1 INTRODUCTION
        FIGURE 42 INDUSTRIAL METROLOGY MARKET, BY END-USER INDUSTRY
        FIGURE 43 AUTOMOTIVE INDUSTRY TO HOLD LARGEST SIZE OF INDUSTRIAL METROLOGY MARKET BETWEEN 2021 AND 2026
        TABLE 55 INDUSTRIAL METROLOGY MARKET, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
        TABLE 56 INDUSTRIAL METROLOGY MARKET, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
    9.2 AEROSPACE & DEFENSE
           9.2.1 INCREASING ADOPTION OF METROLOGY IN MANUFACTURING AND ASSEMBLY OF AIRCRAFT TO ACHIEVE A HIGH LEVEL OF ACCURACY TO BOOST MARKET GROWTH
                 TABLE 57 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, BY EQUIPMENT, 2017–2020 (USD MILLION)
                 TABLE 58 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE AND DEFENSE, BY EQUIPMENT, 2021–2026 (USD MILLION)
                 TABLE 59 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 60 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, BY APPLICATION, 2021–2026 (USD MILLION)
                 TABLE 61 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 62 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, BY REGION, 2021–2026 (USD MILLION)
           9.2.2 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE: COVID-19 IMPACT
                 FIGURE 44 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE INDUSTRY
                 TABLE 63 PRE- & POST-COVID-19 INDUSTRIAL METROLOGY MARKET FOR AEROSPACE & DEFENSE, 2017–2026 (USD BILLION)
    9.3 AUTOMOTIVE
           9.3.1 AUTOMOTIVE SEGMENT TO DOMINATE INDUSTRIAL METROLOGY MARKET DURING FORECAST PERIOD
                 TABLE 64 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY EQUIPMENT, 2017–2020 (USD MILLION)
                 TABLE 65 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY EQUIPMENT, 2021–2026 (USD MILLION)
                 TABLE 66 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 67 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY APPLICATION, 2021–2026 (USD MILLION)
                 TABLE 68 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 69 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE, BY REGION, 2021–2026 (USD MILLION)
           9.3.2 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE: COVID-19 IMPACT
                 FIGURE 45 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY
                 TABLE 70 PRE- & POST-COVID-19 INDUSTRIAL METROLOGY MARKET FOR AUTOMOTIVE INDUSTRY, 2017–2026 (USD BILLION)
    9.4 SEMICONDUCTOR
           9.4.1 INCREASING MINIATURIZATION AND FOCUS ON VOLUME PRODUCTION OF SEMICONDUCTOR COMPONENTS TO DRIVE MARKET GROWTH
                 TABLE 71 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY EQUIPMENT, 2017–2020 (USD MILLION)
                 TABLE 72 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY EQUIPMENT, 2021–2026 (USD MILLION)
                 TABLE 73 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 74 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY APPLICATION, 2021–2026 (USD MILLION)
                 TABLE 75 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 76 INDUSTRIAL METROLOGY MARKET FOR SEMICONDUCTOR, BY REGION, 2021–2026 (USD MILLION)
    9.5 MANUFACTURING
           9.5.1 INCREASING DEMAND FOR METROLOGY IN MANUFACTURING INDUSTRY TO KEEP UP COMPETITIVE EDGE AND REDUCE TIME AND EFFORT TO FUEL MARKET GROWTH
                 FIGURE 46 CMM SEGMENT TO HOLD LARGEST SIZE OF INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING DURING FORECAST PERIOD
                 TABLE 77 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY EQUIPMENT, 2017–2020 (USD MILLION)
                 TABLE 78 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY EQUIPMENT, 2021–2026 (USD MILLION)
                 TABLE 79 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY APPLICATION, 2017–2020 (USD MILLION)
                 TABLE 80 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY APPLICATION, 2021–2026 (USD MILLION)
                 TABLE 81 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY REGION, 2017–2020 (USD MILLION)
                 TABLE 82 INDUSTRIAL METROLOGY MARKET FOR MANUFACTURING, BY REGION, 2021–2026 (USD MILLION)
    9.6 OTHERS
        TABLE 83 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY EQUIPMENT, 2017–2020 (USD MILLION)
        TABLE 84 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY EQUIPMENT, 2021–2026 (USD MILLION)
        TABLE 85 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY APPLICATION, 2017–2020 (USD MILLION)
        TABLE 86 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY APPLICATION, 2021–2026 (USD MILLION)
        TABLE 87 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY REGION, 2017–2020 (USD MILLION)
        TABLE 88 INDUSTRIAL METROLOGY MARKET FOR OTHERS, BY REGION, 2021–2026 (USD MILLION)

10 GEOGRAPHICAL ANALYSIS (Page No. - 136)
     10.1 INTRODUCTION
          FIGURE 47 GEOGRAPHIC ANALYSIS: INDUSTRIAL METROLOGY MARKET (2021–2026)
          TABLE 89 INDUSTRIAL METROLOGY MARKET, BY REGION, 2017–2020 (USD MILLION)
          TABLE 90 INDUSTRIAL METROLOGY MARKET, BY REGION, 2021–2026 (USD MILLION)
     10.2 NORTH AMERICA
          FIGURE 48 SNAPSHOT: INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA
          TABLE 91 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 92 NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 93 INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 94 INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.2.1 INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA: COVID-19 IMPACT
                    FIGURE 49 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA
                    TABLE 95 PRE- & POST-COVID-19 INDUSTRIAL METROLOGY MARKET IN NORTH AMERICA, 2017–2026 (USD BILLION)
             10.2.2 US
                        10.2.2.1 US to dominate industrial metrology market in North America during forecast period
                                 TABLE 96 INDUSTRIAL METROLOGY MARKET IN US, BY END-USER INDUSTRY 2017–2020 (USD MILLION)
                                 TABLE 97 INDUSTRIAL METROLOGY MARKET IN US, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.2.3 CANADA
                        10.2.3.1 Aerospace & defense holds dominant position in Canadian industrial metrology market
                                 TABLE 98 INDUSTRIAL METROLOGY MARKET IN CANADA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 99 INDUSTRIAL METROLOGY MARKET IN CANADA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.2.4 MEXICO
                        10.2.4.1 Mexico holds significant potential for growth of industrial metrology market
                                 TABLE 100 INDUSTRIAL METROLOGY MARKET IN MEXICO, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 101 INDUSTRIAL METROLOGY MARKET IN MEXICO, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
     10.3 EUROPE
          FIGURE 50 SNAPSHOT: INDUSTRIAL METROLOGY MARKET IN EUROPE
          TABLE 102 INDUSTRIAL METROLOGY MARKET IN EUROPE, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 103 INDUSTRIAL METROLOGY MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 104 INDUSTRIAL METROLOGY MARKET IN EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 105 INDUSTRIAL METROLOGY MARKET IN EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.1 GERMANY
                        10.3.1.1 Germany to grow at highest CAGR in European industrial metrology market during forecast period
                                 TABLE 106 INDUSTRIAL METROLOGY MARKET IN GERMANY, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 107 INDUSTRIAL METROLOGY MARKET IN GERMANY, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.2 UK
                        10.3.2.1 UK held second-largest share of European industrial metrology market in 2020
                                 TABLE 108 INDUSTRIAL METROLOGY MARKET IN UK, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 109 INDUSTRIAL METROLOGY MARKET IN UK, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.3 FRANCE
                        10.3.3.1 Automotive industry to drive growth of industrial metrology market in France
                                 TABLE 110 INDUSTRIAL METROLOGY MARKET IN FRANCE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 111 INDUSTRIAL METROLOGY MARKET IN FRANCE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.4 ITALY
                        10.3.4.1 Aerospace & defense and automotive key industries in industrial metrology market in Italy
                                 TABLE 112 INDUSTRIAL METROLOGY MARKET IN ITALY, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 113 INDUSTRIAL METROLOGY MARKET IN ITALY, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.5 SPAIN
                        10.3.5.1 High demand from automotive segment drives industrial metrology market in Spain
                                 TABLE 114 INDUSTRIAL METROLOGY MARKET IN SPAIN, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 115 INDUSTRIAL METROLOGY MARKET IN SPAIN, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.3.6 REST OF EUROPE
                    TABLE 116 INDUSTRIAL METROLOGY MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 117 INDUSTRIAL METROLOGY MARKET IN REST OF EUROPE, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
     10.4 ASIA PACIFIC (APAC)
          FIGURE 51 SNAPSHOT: INDUSTRIAL METROLOGY MARKET IN APAC
          TABLE 118 INDUSTRIAL METROLOGY MARKET IN APAC, BY COUNTRY, 2017–2020 (USD MILLION)
          TABLE 119 INDUSTRIAL METROLOGY MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
          TABLE 120 INDUSTRIAL METROLOGY MARKET IN APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 121 INDUSTRIAL METROLOGY MARKET IN APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.4.1 INDUSTRIAL METROLOGY MARKET IN APAC: COVID-19 IMPACT
                    FIGURE 52 IMPACT OF COVID-19 ON INDUSTRIAL METROLOGY MARKET IN APAC
                    TABLE 122 PRE- & POST-COVID-19 INDUSTRIAL METROLOGY MARKET IN APAC, 2017–2026 (USD BILLION)
             10.4.2 CHINA
                        10.4.2.1 China to dominate APAC industrial metrology market during forecast period
                                 TABLE 123 INDUSTRIAL METROLOGY MARKET IN CHINA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 124 INDUSTRIAL METROLOGY MARKET IN CHINA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.4.3 JAPAN
                        10.4.3.1 Quality control and inspection application dominates industrial metrology market in Japan
                                 TABLE 125 INDUSTRIAL METROLOGY MARKET IN JAPAN, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 126 INDUSTRIAL METROLOGY MARKET IN JAPAN, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.4.4 SOUTH KOREA
                        10.4.4.1 Aerospace & defense and automotive key industries in industrial metrology market in South Korea
                                 TABLE 127 INDUSTRIAL METROLOGY MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 128 INDUSTRIAL METROLOGY MARKET IN SOUTH KOREA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.4.5 INDIA
                        10.4.5.1 India holds immense potential for market growth in APAC
                                 TABLE 129 INDUSTRIAL METROLOGY MARKET IN INDIA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 130 INDUSTRIAL METROLOGY MARKET IN INDIA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.4.6 REST OF APAC
                    TABLE 131 INDUSTRIAL METROLOGY MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                    TABLE 132 INDUSTRIAL METROLOGY MARKET IN REST OF APAC, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
     10.5 REST OF THE WORLD (ROW)
          TABLE 133 INDUSTRIAL METROLOGY MARKET IN ROW, BY REGION, 2017–2020 (USD MILLION)
          TABLE 134 INDUSTRIAL METROLOGY MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
          TABLE 135 INDUSTRIAL METROLOGY MARKET IN ROW, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
          TABLE 136 INDUSTRIAL METROLOGY MARKET IN ROW, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.5.1 MIDDLE EAST & AFRICA
                        10.5.1.1 High demand from Middle East drives market growth in Middle East & Africa
                                 TABLE 137 INDUSTRIAL METROLOGY MARKET IN MIDDLE EAST & AFRICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 138 INDUSTRIAL METROLOGY MARKET IN MIDDLE EAST & AFRICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)
             10.5.2 SOUTH AMERICA
                        10.5.2.1 High demand from Brazil, Chile, and Argentina drives market growth in South America
                                 TABLE 139 INDUSTRIAL METROLOGY MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2017–2020 (USD MILLION)
                                 TABLE 140 INDUSTRIAL METROLOGY MARKET IN SOUTH AMERICA, BY END-USER INDUSTRY, 2021–2026 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 167)
     11.1 OVERVIEW
     11.2 REVENUE ANALYSIS OF TOP 5 COMPANIES
          FIGURE 53 REVENUE ANALYSIS (USD MILLION), 2016–2020
     11.3 MARKET SHARE ANALYSIS, 2020
          TABLE 141 INDUSTRIAL METROLOGY MARKET: DEGREE OF COMPETITION
          FIGURE 54 MARKET SHARE ANALYSIS, 2020
     11.4 COMPANY EVALUATION QUADRANT
             11.4.1 STAR
             11.4.2 EMERGING LEADER
             11.4.3 PERVASIVE
             11.4.4 PARTICIPANT
                    FIGURE 55 INDUSTRIAL METROLOGY MARKET COMPETITIVE LEADERSHIP MAPPING, 2020
             11.4.5 PRODUCT FOOTPRINT
                    TABLE 142 COMPANY PRODUCT FOOTPRINT: INDUSTRIAL METROLOGY MARKET
                    TABLE 143 COMPANY INDUSTRY FOOTPRINT: INDUSTRIAL METROLOGY MARKET
                    TABLE 144 COMPANY APPLICATION FOOTPRINT: INDUSTRIAL METROLOGY MARKET
                    TABLE 145 COMPANY REGION FOOTPRINT: INDUSTRIAL METROLOGY MARKET
     11.5 INDUSTRIAL METROLOGY MARKET STARTUP/SME EVALUATION MATRIX, 2020
             11.5.1 PROGRESSIVE COMPANIES
             11.5.2 RESPONSIVE COMPANIES
             11.5.3 DYNAMIC COMPANIES
             11.5.4 STARTING BLOCKS
                    FIGURE 56 INDUSTRIAL METROLOGY MARKET, STARTUP/SME EVALUATION  MATRIX, 2020
     11.6 COMPETITIVE SITUATIONS AND TRENDS
             11.6.1 PRODUCT LAUNCHES AND DEVELOPMENTS
                    TABLE 146 PRODUCT LAUNCHES AND DEVELOPMENTS, 2020
             11.6.2 DEALS
                    TABLE 147 DEALS, 2019–2020

12 COMPANY PROFILES (Page No. - 179)
     12.1 INTRODUCTION
(Business Overview, Products/solutions/services Offered, Recent Developments (Product launches & developments, Deals), and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
     12.2 KEY PLAYERS
             12.2.1 HEXAGON
                    TABLE 148 HEXAGON: BUSINESS OVERVIEW
                    FIGURE 57 HEXAGON: COMPANY SNAPSHOT
             12.2.2 NIKON
                    TABLE 149 NIKON: BUSINESS OVERVIEW
                    FIGURE 58 NIKON: COMPANY SNAPSHOT
             12.2.3 FARO TECHNOLOGIES
                    TABLE 150 FARO TECHNOLOGIES: BUSINESS OVERVIEW
                    FIGURE 59 FARO TECHNOLOGIES: COMPANY SNAPSHOT
                    TABLE 151 CARL ZEISS: BUSINESS OVERVIEW
                    FIGURE 60 CARL ZEISS: COMPANY SNAPSHOT
             12.2.5 JENOPTIK
                    TABLE 152 JENOPTIK: BUSINESS OVERVIEW
                    FIGURE 61 JENOPTIK: COMPANY SNAPSHOT
             12.2.6 KEYENCE
                    TABLE 153 KEYENCE: BUSINESS OVERVIEW
                    FIGURE 62 KEYENCE: COMPANY SNAPSHOT
             12.2.7 CREAFORM
                    TABLE 154 CREAFORM: BUSINESS OVERVIEW
             12.2.8 KLA -CORPORATION
                    TABLE 155 KLA CORPORATION: BUSINESS OVERVIEW
                    FIGURE 63 KLA CORPORATION: COMPANY SNAPSHOT
             12.2.9 RENISHAW
                    TABLE 156 RENISHAW: BUSINESS OVERVIEW
                    FIGURE 64 RENISHAW: COMPANY SNAPSHOT
             12.2.10 MITUTOYO CORPORATION
                    TABLE 157 MITUTOYO: BUSINESS OVERVIEW
     12.3 OTHER KEY PLAYERS
             12.3.1 PRECISION PRODUCTS
             12.3.2 CARMAR ACCURACY
             12.3.3 BAKER HUGHES COMPANY
             12.3.4 CYBEROPTICS
             12.3.5 CAIRNHILL METROLOGY
             12.3.6 ATT METROLOGY SERVICES
             12.3.7 SGS GROUP
             12.3.8 TRIMET GROUP
             12.3.9 AUTOMATED PRECISION
             12.3.10 APPLIED MATERIALS
             12.3.11 PERCEPTRON
             12.3.12 JLM ADVANCED TECHNICAL SERVICES
             12.3.13 INTERTEK GROUP
             12.3.14 BRUKER
             12.3.15 METROLOGIC GROUP

*Details on Business Overview, Products/solutions/services Offered, Recent Developments (Product launches & developments, Deals), and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

13 APPENDIX (Page No. - 226)
     13.1 INSIGHTS OF INDUSTRY EXPERTS
     13.2 DISCUSSION GUIDE
     13.3 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     13.4 AVAILABLE CUSTOMIZATIONS
     13.5 RELATED REPORTS
     13.6 AUTHOR DETAILS

The study involved four major activities in estimating the current size of the industrial metrology market. Exhaustive secondary research was done to collect information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were employed to estimate the market size of segments and subsegments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information important for this study. These secondary sources include metrology technology journals and magazines, IEEE journals; annual reports, press releases, and investor presentations of companies; white papers; certified publications and articles from recognized authors; and directories and databases such as Factiva, Hoovers, and OneSource.

Primary Research

In the primary research process, various primary sources from both supply and demand sides have been interviewed to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the industrial metrology market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Industrial Metrology Market Size, and Share

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

Market Size Estimation

In the complete market engineering process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the industrial metrology market and other dependent submarkets listed in this report.

  • Key players in the industry and markets have been identified through extensive secondary research.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Industrial Metrology Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at exact statistics for all segments and subsegments, market breakdown and data triangulation procedures have been employed wherever applicable. The data has been triangulated by studying various factors and trends identified from both demand and supply sides in industrial, and nonindustrial verticals.

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the industrial metrology market, in terms of value, on the basis of offering, equipment, application, end-user industry, and region
  • To provide the market size estimation for North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW), along with their respective country-level market sizes, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth
  • To provide a detailed overview of the industrial metrology value chain
  • To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
  • To analyze key trends related to components, connectivity technologies, and applications that shape and influence the global industrial metrology market
  • To profile key players and comprehensively analyze their ranking based on their revenues and core competencies2
  • To analyze opportunities in the market for stakeholders and provide a detailed competitive landscape of the market
  • To analyze competitive developments in the industrial metrology market, such as expansion, agreements, partnerships, contracts, product developments, and research and development (R&D)

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
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