North America Industrial Metrology Market by Equipment (CMMs, ODS, X-ray & CT Systems, AOI Systems, Form Measurement Machines), Software, Services, Application, End-use Industry (Automotive, Semiconductor, Aerospace & Defense) - Forecast to 2030

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USD 6.1 BN
MARKET SIZE, 2030
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CAGR 5.6%
(2025-2030)
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300
REPORT PAGES
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140
MARKET TABLES

OVERVIEW

north-america-industrial-metrology-market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The North America industrial metrology market is expected to grow to USD 6.1 billion by 2030 from USD 4.7 billion in 2025, at a compound annual growth rate (CAGR) of 5.6% from 2025 to 2030. The growth is fueled by increasing adoption of high-precision manufacturing, robust digital transformation efforts, and rising demand for automated quality inspection in automotive, aerospace, electronics, and heavy engineering industries. US manufacturing is rapidly modernizing, with smart factories, digital twins, and inline/real-time metrology integration becoming crucial for productivity and compliance. Growing investments in electric vehicle (EV) production, semiconductor expansion, and defense manufacturing are further driving demand for advanced 3D measurement, CT inspection, and optical metrology systems.

KEY TAKEAWAYS

  • BY COUNTRY
    By country, the US is expected to dominate the market, and progress at a CAGR of 5.9% during the forecast period.
  • BY OFFERING
    By offering, the services segment is expected to grow at the highest CAGR.
  • BY EQUIPMENT
    By equipment, the CMMs are expected to dominate in terms of market share.
  • BY APPLICATION
    By application, the quality control & inspection segment is expected to register the highest CAGR.
  • BY End-USE INDUSTRY
    By end-use industry, the new medical segment is expected to grow at the highest CAGR of ~9.0-10.0% during the forecast period.
  • COMPETITIVE LANDSCAPE - KEY PLAYERS
    FARO, KLA Corporation (US), and Applied Materials (US) were identified as key players in the North America industrial metrology market, given their strong market share and extensive product footprint.
  • COMPETITIVE LANDSCAPE - STARTUPS/SMES
    GelSight, Machine Metrics, Nordson Corporation, among others, have distinguished themselves among SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.

Countries such as the US, Canada, and Mexico are key players in the North America industrial metrology market. The presence of advanced manufacturing hubs, increasing adoption of automation, and a rapid move toward precision-focused production processes are fueling market growth in the region. The US, in particular, leads the way due to its extensive automotive, aerospace, semiconductor, and medical device manufacturing sectors, which rely increasingly on high-accuracy measurement, 3D inspection, and quality assurance technologies.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

Digitalization has revolutionized metrology workflows, with Industry 4.0, IoT-enabled systems, and connected measurement platforms redefining how companies oversee quality and production. IoT-driven metrology is becoming the foundation of modern manufacturing—allowing smooth data transfer between measurement devices, production lines, and cloud-based analytics.

north-america-industrial-metrology-market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rising Demand for High-Precision Manufacturing Across Automotive, Aerospace, and Electronics
  • Rapid Shift Toward Automation and Inline/Real-Time Inspection
RESTRAINTS
Impact
Level
  • Shortage of Skilled Metrology and Quality Professionals
  • High Initial Investment and Integration Complexity
OPPORTUNITIES
Impact
Level
  • Growing Adoption of Metrology in EV, Battery, and Semiconductor Ecosystems
  • Expansion of Smart Factories and Digital Twins in Manufacturing
CHALLENGES
Impact
Level
  • Increasing Competition from Low-Cost Asian Suppliers
  • Economic Uncertainty and Slowdown in Capital-Intensive Industries

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Rising demand for high-precision manufacturing across automotive, aerospace, and electronics

North America’s robust base of advanced manufacturing—especially in automotive, aerospace, and precision engineering—continues to drive demand for industrial metrology solutions. Growing use of tighter tolerances, lightweight parts, EV production, and autonomous vehicle systems has made 3D measurement, CMMs, optical metrology, and CT inspection essential for maintaining quality and minimizing rework. As OEMs adopt automation and digital twins, metrology systems with higher accuracy, repeatability, and integration with smart factories are becoming increasingly vital throughout the production process.

Restraint: Shortage of skilled metrology and quality professionals

Despite high demand for precise measurement, the region continues to face a persistent shortage of trained metrologists, quality engineers, and technicians. Operating advanced systems, analyzing measurement data, and applying advanced quality control processes require specialized skills. This talent shortage hampers the adoption of sophisticated systems and slows down the expansion of AI-enabled or fully automated metrology technologies in factories.

Opportunity: Growing adoption of metrology in EV, battery, and semiconductor ecosystems

The rapid expansion of EV manufacturing, battery gigafactories, and advanced semiconductor packaging in North America is creating new metrology needs. Battery cells, fuel systems, power electronics, and semiconductor modules require ultra-high precision inspection to guarantee safety, thermal performance, and structural integrity. Emerging technologies like hybrid bonding and advanced substrate manufacturing further increase the demand for nanoscale and high-resolution measurement systems, leading to strong long-term growth opportunities.

Challenge: Increasing competition from low-cost Asian suppliers

North America manufacturers are facing increasing competition from cost-effective metrology providers in China, Taiwan, and other parts of Asia. These companies are quickly enhancing the capabilities of optical scanners, machine vision systems, and portable measurement devices at much lower prices. This pricing pressure can reduce margins for established North America and European measurement technology vendors and slow down replacement cycles for budget-conscious manufacturers.

NORTH AMERICA INDUSTRIAL METROLOGY MARKET: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Lockheed Martin integrated Zeiss optical 3D scanning and CT inspection for turbine components, composite structures, and fuselage assemblies | Used extensively in F-35 and missile program manufacturing Improved dimensional accuracy, reduced certification cycle time, enhanced traceability, and lowered scrap for aerospace-grade assemblies
GM adopted automated 3D measurement cells using Hexagon CMMs and scanners for inline BIW inspection across EV production lines. The system validates weld accuracy, panel gaps, and chassis geometry in real time. Increased inspection throughput, reduced rework, enabled faster EV model launches, and improved BIW consistency across plants
Uses automated 3D inspection systems on EV battery packs and vehicle body panels Enhanced production quality, reduced assembly errors, and better component fitment
Employs laser trackers and structured light scanning to verify aerospace structures and assemblies Ensured assembly accuracy, reduced errors, and improved overall production efficiency

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

The major players in the North America industrial metrology market with a significant global presence include Hexagon AB (Sweden), FARO (US), KLA Corporation (US), and CREAFORM (Canada). The industrial metrology ecosystem involves R&D, hardware & software providers, end-users, and service providers.

north-america-industrial-metrology-market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

North America Industrial Metrology Market, By Offering

The hardware segment dominates the North America Industrial Metrology Market, driven by widespread adoption of high-precision coordinate-measuring machines (CMMs), optical and laser scanners, in-line inspection systems, and displacement sensors across US and Canadian manufacturing facilities. Demand grows due to the region’s focus on achieving tighter tolerances, increasing productivity, and meeting strict quality standards in automotive, aerospace, medical device, and semiconductor manufacturing.

North America Industrial Metrology Market, By Equipment

CMMs lead the North America industrial metrology market for equipment, driven by their essential role in precision machining, high-volume automotive manufacturing, aerospace part validation, and tooling inspection. Bridge and gantry CMMs remain common in large-scale production, while portable and articulated arm CMMs are experiencing strong demand for flexible, on-site measurement applications.

North America Industrial Metrology Market, By Application

Quality control and inspection account for the largest share of the market, reflecting the region’s emphasis on process optimization, defect elimination, and compliance with strict regulatory and industry-specific quality standards. Automotive OEMs and Tier-1 suppliers rely heavily on CMMs, digital scanning, and automated inspection for dimensional validation, assembly verification, and part conformity.

North America Industrial Metrology Market, By End-Use Industry

The automotive industry holds the largest share of the North America Industrial Metrology Market, driven by the region’s emphasis on precision engineering, strict compliance standards, and the broad adoption of automation in vehicle and component manufacturing. US and Canadian automotive OEMs and Tier-1 suppliers are heavily investing in CMMs, 3D scanners, inline inspection systems, and digital quality platforms to ensure dimensional accuracy, minimize defects, and speed up production cycles for both ICE and electric vehicle programs.

REGION

US is expected to be the fastest-growing country across the North America Industrial Metrology market during the forecast period

The industrial metrology market in North America is growing strongly due to the US manufacturing sector’s focus on digital transformation, quality assurance, and process automation. The country’s effort to boost domestic manufacturing—supported by policies like the CHIPS and Science Act, reshoring efforts, and increased investment in smart factories—is pushing the adoption of high-precision measurement technologies. There is a rising demand for CMMs, 3D optical scanners, in-line inspection systems, and automated metrology solutions, especially in the automotive, aerospace, and semiconductor industries, where tighter tolerances and higher throughput are essential.

north-america-industrial-metrology-market Region

NORTH AMERICA INDUSTRIAL METROLOGY MARKET: COMPANY EVALUATION MATRIX

In the North America industrial metrology market landscape, Faro and KLA Corporation dominate with a strong market presence and a wide product range, promoting widespread adoption across various industries, including aerospace & defense, automotive, architecture & construction, medical, electronics, energy & power, heavy machinery, and mining.

north-america-industrial-metrology-market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 4.5 Billion
Market Forecast in 2030 (Value) USD 6.1 Billion
Growth Rate CAGR of 5.6% from 2025–2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Billion) and Volume (Million Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
  • By Offering:
    • Hardware
    • Software
    • Services
    • After-sales Services
    • Measurement Services
    • Software-as-a-Service
    • Storage-as-a-Service
  • By Equipment:
    • CMMs
    • Optical Displacement Sensors
    • Measuring Instruments
    • X-ray & CT Systems
    • AOI Systems
    • Form Measurement Machines
    • 2D Equipment
  • By Application:
    • Quality Control & Inspection
    • Reverse Engineering
    • Mapping & Modeling
    • Other Applications
  • By End-use Industry:
    • Aerospace & Defense
    • Automotive
    • Architecture & Construction
    • Medical
    • Electronics
    • Energy & Power
    • Heavy Machinery
    • Mining
    • Other End-use Industries
Regional Scope North America (US, Canada, Mexico)

WHAT IS IN IT FOR YOU: NORTH AMERICA INDUSTRIAL METROLOGY MARKET REPORT CONTENT GUIDE

north-america-industrial-metrology-market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
US-based Industrial Metrology Solution Providers
  • Competitive analysis with market share & growth rates
  • Market entry strategy for the manufacturing sector
  • Benchmarking of metrology equipment performance
  • Comparison of CMMs, optical displacement sensors, form measurement machines, and AOI systems across industrial applications
  • Clear roadmap for competitive advantage
  • Identified high-growth sub-segments
  • Quantified potential market size & revenue
Manufacturing Solution Providers
  • Mapping of metrology adoption by use case (quality control, reverse engineering, mapping & modeling)
  • Evaluation of hardware and software performance (accuracy, throughput, repeatability) in industrial environments
  • Enable selection of metrology systems best suited for specific industrial tasks
  • Improve production efficiency and reduce downtime
  • Inform procurement and deployment strategies
Component Suppliers
  • Market sizing and growth forecast for metrology components (sensors, probes, scanners)
  • Competitive benchmarking of key suppliers and pricing trends
  • Identify high-demand component categories
  • Support strategic sourcing, investment, and capacity planning
  • Guide long-term R&D and partnership strategies
Metrology Software Developers
  • Assessment of metrology software compatibility with hardware platforms
  • Evaluation of performance impact on measurement accuracy, latency, and data analytics
  • Optimize software for better device interoperability
  • Enhance user experience through improved data visualization and analysis
  • Inform software design, UI/UX, and automation improvements
Investors & Venture Capital Firms
  • Market opportunity analysis for industrial metrology ecosystem
  • Identification of key startups, technology breakthroughs, and partnership/M&A opportunities
  • Enable data-driven investment decisions
  • Highlight emerging segments with strong growth potential
  • Support portfolio diversification and risk mitigation

RECENT DEVELOPMENTS

  • September 2025 : FARO Technologies launched its next-generation Quantum Max ScanArm across North America, offering faster scanning speed, better volumetric accuracy, and more software automation for automotive assembly, aerospace inspection, and precision machining. The product launch highlighted FARO’s dedication to supporting digital manufacturing workflows and enabling quicker inspection cycles.
  • October 2024 : Creaform released updated HandySCAN 3D | MAX Series devices that provide better accuracy and faster scanning for large and complex parts. The new series offers 30% more precision for 5-meter parts with its improved measurement range, which spans from 0.075 mm to 0.010 mm/m. The updated system now delivers improved measurement results along with new scanning tools and more powerful computer software.
  • June 2024 : Hexagon Manufacturing Intelligence acquired a US-based robotics automation company specializing in automated inspection cells for EV and aerospace manufacturing. The acquisition included advanced robotic-guided metrology platforms used for high-throughput dimensional inspection and in-line quality control. This strategic move greatly strengthened Hexagon’s position in automated metrology and expanded its solutions portfolio for high-growth sectors such as electric vehicles and semiconductor manufacturing.

 

Table of Contents

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TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Provides a snapshot of current market scenario, value chain context, and factors impacting competitive intensity.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Covers the key developments, trend analysis, and actionable insights to support strategic planning and positioning.
 
 
 
 
 
5.1
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
 
5.2.3
TRENDS IN NORTH AMERICA METROLOGY INDUSTRY
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF KEY PLAYERS (2022–2025)
 
 
 
 
5.5.2
AVERAGE SELLING PRICE TREND, BY EQUIPMENT (2022–2025)
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO
 
 
 
 
5.6.2
EXPORT SCENARIO
 
 
 
5.7
KEY CONFERENCES AND EVENTS (2026–2027)
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF – NORTH AMERICA INDUSTRIAL METROLOGY MARKET
 
 
 
 
 
 
5.11.1
INTRODUCTION
 
 
 
 
5.11.2
KEY TARIFF RATES
 
 
 
 
5.11.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.4
IMPACT ON END-USE INDUSTRIES
 
 
6
STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTION
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON NORTH AMERICA INDUSTRIAL METROLOGY MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
CASE STUDIES OF AI IMPLEMENTATION IN NORTH AMERICA INDUSTRIAL METROLOGY MARKET
 
 
 
 
6.5.3
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.4
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN NORTH AMERICA INDUSTRIAL METROLOGY MARKET
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY OFFERING (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
HARDWARE
 
 
 
 
9.3
SOFTWARE
 
 
 
 
9.4
SERVICES
 
 
 
 
 
9.4.1
AFTER-SALES SERVICES
 
 
 
 
9.4.2
MEASUREMENT SERVICES
 
 
 
 
9.4.3
STORAGE-AS-A-SERVICE
 
 
 
 
9.4.4
SOFTWARE-AS-A-SERVICE
 
 
10
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY EQUIPMENT (MARKET SIZE, VOLUME, AND FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
CMMS
 
 
 
 
 
10.2.1
BRIDGE CMMS
 
 
 
 
10.2.2
GANTRY CMMS
 
 
 
 
10.2.3
HORIZONTAL ARM CMMS
 
 
 
 
10.2.4
CANTILEVER CMMS
 
 
 
 
10.2.5
ARTICULATED ARM CMMS
 
 
 
10.3
ODS
 
 
 
 
 
10.3.1
LASER & STRUCTURED LIGHT SCANNERS
 
 
 
 
10.3.2
LASER TRACKERS
 
 
 
 
10.3.3
OTHER ODS TYPES
 
 
 
10.4
MEASURING INSTRUMENTS
 
 
 
 
 
10.4.1
MEASURING MICROSCOPES
 
 
 
 
10.4.2
PROFILE PROJECTORS
 
 
 
 
10.4.3
AUTOCOLLIMATORS
 
 
 
 
10.4.4
VISION SYSTEMS
 
 
 
 
10.4.5
MULTISENSOR MEASURING SYSTEMS
 
 
 
10.5
X-RAY & CT SYSTEMS
 
 
 
 
10.6
AOI SYSTEMS
 
 
 
 
10.7
FORM MEASUREMENT MACHINES
 
 
 
 
 
10.7.1
CONTOUR MEASURING MACHINES
 
 
 
 
10.7.2
SURFACE ROUGHNESS MEASURING MACHINES
 
 
 
 
10.7.3
SURFACE ROUNDNESS MEASURING MACHINES
 
 
 
10.8
2D EQUIPMENT
 
 
 
11
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY APPLICATION (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
QUALITY CONTROL & INSPECTION
 
 
 
 
11.3
REVERSE ENGINEERING
 
 
 
 
11.4
MAPPING & MODELING
 
 
 
 
11.5
OTHER APPLICATIONS
 
 
 
12
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY END-USE INDUSTRY (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
AEROSPACE & DEFENSE
 
 
 
 
12.3
AUTOMOTIVE
 
 
 
 
12.4
SEMICONDUCTOR & ELECTRONICS
 
 
 
 
12.5
MEDICAL
 
 
 
 
12.6
ENERGY & POWER
 
 
 
 
12.7
HEAVY MACHINERY
 
 
 
 
12.8
MINING
 
 
 
 
12.9
ARCHITECTURE & CONSTRUCTION
 
 
 
 
12.10
OTHER END-USE INDUSTRIES
 
 
 
13
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, BY COUNTRY (MARKET SIZE & FORECAST TO 2030 – USD BILLION)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
US
 
 
 
 
13.3
CANADA
 
 
 
 
13.4
MEXICO
 
 
 
14
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, COMPETITIVE LANDSCAPE
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
KEY PLAYER STRATEGIES/RIGHT TO WIN
 
 
 
 
14.3
REVENUE ANALYSIS OF TOP 5 PLAYERS (2021–2025)
 
 
 
 
 
14.4
MARKET SHARE ANALYSIS,
 
 
 
 
 
14.5
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
14.6
BRAND COMPARISON
 
 
 
 
 
14.7
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
14.7.1
STARS
 
 
 
 
14.7.2
EMERGING LEADERS
 
 
 
 
14.7.3
PERVASIVE PLAYERS
 
 
 
 
14.7.4
PARTICIPANTS
 
 
 
 
14.7.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
14.7.5.1
COMPANY FOOTPRINT
 
 
 
 
14.7.5.2
COUNTRY FOOTPRINT
 
 
 
 
14.7.5.3
END-USE INDUSTRY FOOTPRINT
 
 
 
 
14.7.5.4
OFFERING FOOTPRINT
 
 
 
 
14.7.5.5
EQUIPMENT FOOTPRINT
 
 
14.8
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
14.8.1
PROGRESSIVE COMPANIES
 
 
 
 
14.8.2
RESPONSIVE COMPANIES
 
 
 
 
14.8.3
DYNAMIC COMPANIES
 
 
 
 
14.8.4
STARTING BLOCKS
 
 
 
 
14.8.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
14.8.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
14.8.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
14.9
COMPETITIVE SITUATION AND TRENDS
 
 
 
15
NORTH AMERICA INDUSTRIAL METROLOGY MARKET, COMPANY PROFILES
 
 
 
 
 
15.1
KEY PLAYERS
 
 
 
 
 
15.1.1
FARO
 
 
 
 
15.1.2
KLA CORPORATION
 
 
 
 
15.1.3
CREAFORM
 
 
 
 
15.1.4
AUTOMATED PRECISION INC
 
 
 
 
15.1.5
APPLIED MATERIALS
 
 
 
 
15.1.6
ATT METROLOGY SOLUTIONS
 
 
 
 
15.1.7
TRIMET
 
 
 
 
15.1.8
BRUKER
 
 
 
 
15.1.9
NORDSON CORPORATION
 
 
 
 
15.1.10
INNOVMETRIC SOFTWARE INC.
 
 
 
15.2
OTHER PLAYERS
 
 
 
16
RESEARCH METHODOLOGY
 
 
 
 
 
16.1
RESEARCH DATA
 
 
 
 
 
16.1.1
SECONDARY DATA
 
 
 
 
 
16.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
16.1.2
PRIMARY DATA
 
 
 
 
 
16.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
16.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
16.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
16.1.2.4
KEY INDUSTRY INSIGHTS
 
 
 
16.1.3
MARKET SIZE ESTIMATION
 
 
 
 
 
16.1.3.1
BOTTOM-UP APPROACH
 
 
 
 
16.1.3.2
TOP-DOWN APPROACH
 
 
 
 
16.1.3.3
BASE NUMBER CALCULATION
 
 
 
16.1.4
MARKET FORECAST APPROACH
 
 
 
 
 
16.1.4.1
SUPPLY SIDE
 
 
 
 
16.1.4.2
DEMAND SIDE
 
 
 
16.1.5
DATA TRIANGULATION
 
 
 
 
16.1.6
FACTOR ANALYSIS
 
 
 
 
16.1.7
RESEARCH ASSUMPTIONS
 
 
 
 
16.1.8
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
17
APPENDIX
 
 
 
 
 
17.1
DISCUSSION GUIDE
 
 
 
 
17.2
KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
17.3
AVAILABLE CUSTOMIZATIONS
 
 
 
 
17.4
RELATED REPORTS
 
 
 
 
17.5
AUTHOR DETAILS
 
 
 

 

Methodology

The research study involved 4 major activities in estimating the size of the North America industrial metrology market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.

Secondary Research

In the secondary research process, various secondary sources have been referred to for identifying and collecting information required for this study. The secondary sources include annual reports, press releases, investor presentations of companies, white papers, and articles from recognized authors. Secondary research has been mainly done to obtain key information about the market’s value chain, the pool of key market players, market segmentation according to industry trends, regional outlook, and developments from both market and technology perspectives.

In the North America industrial metrology market report, the market size has been estimated using both the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Primary Research

Extensive primary research has been conducted after understanding the North America industrial metrology market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across North America. Approximately 25% of the primary interviews have been conducted with the demand-side vendors and 75% with the supply-side vendors. Primary data has been collected mainly through telephonic interviews, which consist of 80% of the total primary interviews; questionnaires and emails have also been used to collect the data.

After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.

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

Market Size Estimation

In the market engineering process, both top-down and bottom-up approaches, along with data triangulation methods, have been used to estimate and validate the size of the North America industrial metrology market and other dependent submarkets. The research methodology used to estimate the market sizes includes the following:

  • Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
  • Identifying different stakeholders in the North America industrial metrology market that influence the entire market, along with participants across the supply chain
  • Analyzing major manufacturers and service providers in the North America industrial metrology market and studying their solutions
  • Analyzing trends related to the adoption of north america industrial metrology solutions and services
  • Tracking recent and upcoming market developments, including investments, R&D activities, product launches, expansions, acquisitions, partnerships, collaborations, agreements, and investments, as well as forecasting the market size based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to identify the adoption trends of north america industrial metrology solutions and services
  • Segmenting the overall market into various other market segments
  • Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets

North America Industrial Metrology Market : Top-Down and Bottom-Up Approach

Industrial Metrology Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall market size by the market size estimation process explained in the earlier section, the overall North America industrial metrology market has been divided into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been used, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply side perspectives. Along with data triangulation and market breakdown, the market has been validated by top-down and bottom-up approaches.

Market Definition

Industrial Metrology provides accuracy and precision in production and quality inspection. It includes measurement and inspection processes, calibration routines, measurement system control, and managing the instruments of measurement in manufacturing industries. By harmonizing measurement with industry needs, north america industrial metrology increases product quality, promotes technological innovation, and fuels a competitive manufacturing environment. North america industrial metrology also contributes to scientific and industrial progress by facilitating innovation and efficiency. The North America industrial metrology market has been segmented based on offering, equipment, application, end-use industry, and geography. Based on offering, the market is segmented into hardware, software, and services. Equipment comprise CMMs (Coordinate-measuring machines), ODS (Optical scanners and digitizers), measuring instruments, X-ray & CT systems, AOI (Automated optical inspection) Systems, form measurement machines, and 2D equipment. These technologies find widespread usage in multiple end-use industries such as aerospace & defense, automotive, architecture & construction, medical, electronics, energy & power, heavy machinery, mining, and others. Some of the notable applications of north america industrial metrology are quality control & inspection, reverse engineering, and mapping & modeling in these industries.

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Key Stakeholders

  • Raw material suppliers
  • North america industrial metrology product manufacturers
  • Original equipment manufacturers (OEMs)
  • OEM technology providers
  • Technology, service, and solution providers
  • Intellectual property (IP) core and licensing providers
  • Suppliers and distributors
  • Government and other regulatory bodies
  • Forums, alliances, and associations
  • Technology investors
  • Research institutes and organizations
  • Analysts and strategic business planners
  • Market research and consulting firms
  • Metrology-related associations, organizations, forums, and alliances
  • Government bodies such as regulatory authorities and policymakers
  • Venture capitalists, private equity firms, and startup companies

Report Objectives

  • To define, describe, and forecast the North America industrial metrology market, by offering, application, end-use industry, and region, in terms of value
  • To forecast the North America industrial metrology market, by equipment, in terms of value and volume
  • To estimate the historical and forecast market sizes, by equipment, for ODS and CMMs, in terms of volume
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges that influence market growth
  • To provide a detailed overview of the north america industrial metrology supply chain
  • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the total market
  • To map competitive intelligence based on company profiles, key player strategies, and key developments
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To provide information pertaining to key technology trends and patent analysis related to the North America industrial metrology market
  • To provide information regarding trade data related to the North America industrial metrology market
  • To strategically profile key players in the North America industrial metrology market and comprehensively analyze their market shares and core competencies
  • To benchmark the market players using the company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of market rankings/shares and product portfolios
  • To analyze competitive developments, such as agreements, expansions, acquisitions, product launches, collaborations, partnerships, and research & development (R&D), in the North America industrial metrology market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:

Country-wise Information:

  • Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World

Company Information:

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

 

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Growth opportunities and latent adjacency in North America Industrial Metrology Market

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