According to the new market research report, the "Inline Metrology Market by Offering (Hardware, Software), Product (CMM, Machine Vision Systems, Optical Scanners), Application (Reverse Engineering, Quality Control & Inspection), Industry, and Geography - Global Forecast to 2025" The inline metrology market was valued at USD 410 million in 2019 and is projected to reach USD 801 million by 2025; it is expected to grow at a CAGR of 15.5% from 2020 to 2025. The growth of the market can be attributed to the increasing demand for autonomous systems from the automotive industry owing to their efficiency in dimensional measurement and their less turnaround inspection time.
Browse 99 market data Tables and 44 Figures spread through 160 Pages and in-depth TOC on "Inline Metrology Market by Offering (Hardware, Software), Product (CMM, Machine Vision Systems, Optical Scanners), Application (Reverse Engineering, Quality Control & Inspection), Industry, and Geography - Global Forecast to 2025"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/inline-metrology-market-55767366.html
Quality control and inspection is expected to grow at the highest market size during the forecast period.
Increasing adoption of inline metrology equipment in industries such as aerospace and automotive to maintain the product quality is driving the growth of the quality control and inspection application segment of the market. The quality control and inspection segment held the largest share of of the market in 2019. Manufacturing companies are outsourcing inspection and quality control services to reduce measurement time, eliminate measurement uncertainty, enable process stability, and enhance test instrument capability. The high costs incurred in setting up metrology facilities and the lack of inline metrology experts are factors expected to hinder the growth of the inline metrology market globally.
North America to have second largest size of the overall Inline Metrology Market during forecast period
The inline metrology market has been studied for North America, Europe, APAC, and RoW. North America accounted for a significant share of the market in 2019. The presence of key players such as Ford and GM and their automobile manufacturing facilities in the US and Mexico is driving the growth of the inline metrology market in North America. Continuous technological advancements and financial support from the governments of different countries of the region are also fueling the growth of the market in this region.
The report profiles the most promising players in the Inline Metrology Market. The markets competitive landscape presents an interesting picture of strategies adopted by many players. Hexagon AB (Hexagon) (Sweden), Carl Zeiss (Germany), Perceptron (US), ABB Group (Switzerland), KUKA (Germany), Nikon Metrology (Belgium), AMETEK (US), LMI Technologies (US), Cognex (US), Jenoptik (Germany), KLA Corporation (US), FARO Technologies (US), and Renishaw are key players in the inline metrology market.
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