Industrial Metrology Market Size, Share, Trends, Growth 2032

Industrial Metrology Industry Prospective:

The global industrial metrology market size was evaluated at $11 billion in 2023 and is slated to hit $23 billion by the end of 2032, with a CAGR of nearly 10% between 2024 and 2032.

Request Free Sample

Industrial Metrology Market: Overview

Industrial metrology is a key domain focusing on the use of measurement science in manufacturing and various other industrial processes. Moreover, it ensures that the measurement devices are calibrated accurately and quality control measures are implemented proficiently. Furthermore, the authenticity of industrial metrology favorably affects the quality of product, manufacturing costs, and complying with industry protocols.

Key Insights

• As per the analysis shared by our research analyst, the global industrial metrology market is projected to expand annually at the annual growth rate of around 10% over the forecast timespan (2024-2032)
• In terms of revenue, the global industrial metrology market size was evaluated at nearly $11 billion in 2023 and is expected to reach $23 billion by 2032.
• The global industrial metrology market is anticipated to grow rapidly over the forecast timeline owing to breakthroughs in metrology tools and a rise in the integration of industrial metrology tools with industry 4.0 systems, including AI and IoT, promoting real-time data analysis & predictive maintenance.
• In terms of offering, the hardware segment is slated to register the highest CAGR over the forecast period.
• Based on equipment, the optical digitizers & scanners segment is predicted to contribute majorly towards global industry surge in the ensuing years.
• On the basis of application, the quality control & inspection segment is likely to maintain segmental domination in the forthcoming years.
• In terms of end-user, the automotive segment is likely to record the highest CAGR over the forthcoming years.
• Region-wise, the North American industrial metrology industry is projected to register the fastest CAGR during the assessment timespan.

Industrial Metrology Market: Growth Factors

Surging focus on maintaining high quality of automotive to boost the global market trends

High focus on quality control and demand for vehicles in emerging economies is expected to steer the expansion of the global industrial metrology market. Furthermore, breakthroughs in metrology tools, along with a rise in the integration of industrial metrology tools with industry 4.0 systems, including AI and IoT, promoting real-time data analysis & predictive maintenance, will spur global market trends.

Apart from this, strict laws ensuring product safety and performance will propel the market surge globally in the years ahead. An increase in the focus on product quality and the need to comply with global standards across a slew of end-use sectors is likely to impel the global market surge in the years ahead.  

Industrial Metrology Market: Restraints

A rise in the initial costs of investments in industrial metrology tools can restrict the global industry surge in coming years

Huge initial investment costs and integration of metrology systems with current manufacturing processes & software can be complicated. This, in turn, will hamper the expansion of the global industrial metrology industry. A surge in operating costs and maintenance charges and a rise in the costs of training personnel can hamper the expansion of the global industry.

Industrial Metrology Market: Opportunities

A rise in the need for application of industrial metrology in various end-use sectors can prop up the global market surge by 2032

An increase in the use of industrial metrology in electric vehicles, 3D printing, and renewable energy is projected to generate new growth avenues for the global industrial metrology market. Furthermore, the growing need for customized solutions, along with the application of industrial metrology in the food & beverages sector, will proliferate the size of the global market.

Industrial Metrology Market: Challenges

An increase in the cyber terrorism activities globally can challenge the global industry expansion over 2024-2032

Scarcity of skilled personnel and the lack of qualified personnel can challenge the expansion of the global industrial metrology industry. Furthermore, data integrity issues and cyber-security concerns can further challenge the growth of the global industry.

Industrial Metrology Market: Report Scope

Industrial Metrology Market: Segmentation

The global industrial metrology market is divided into offering, equipment, application, end-user, and region.                  

In terms of offering, the industrial metrology market across the globe is segmented into hardware, services, and software segments. Apparently, the hardware segment, which accrued nearly two-fifths of the global market earnings in 2023, is predicted to register the fastest CAGR in the next couple of years as a result of a rise in the technological breakthroughs in hardware components for improving accuracy, portability, and scanning speed. Moreover, integrating of industry 4.0 systems with modern hardware to facilitate automation and data-driven insights will steer the segmental surge.

Based on equipment, the global industrial metrology industry is sectored into measuring equipment, coordinating measuring machines, X-ray & computed tomography systems, automated optical inspection systems, and optical digitizers & scanners segments. Furthermore, the optical digitizers & scanners segment, which accounted majorly towards the global industry in 2023, is likely to contribute notably towards the global industry surge over 2024-2032. This can be due to versatility, reverse engineering, and non-contact measurement of the equipment.

On the basis of application, the global industrial metrology market is segregated into reverse engineering, mapping & modeling, and quality control & inspection segments. Moreover, the quality control & inspection segment, which led segmental surge in 2023, is predicted to retain a segmental leadership position in the forecasting timespan owing to the need for high quality standards, industry 4.0 integration, and innovations.

Based on end-user, the global industrial metrology industry is segmented into automotive, manufacturing, aerospace & defense, and semiconductor segments. Furthermore, the automotive segment, which dominated the end-user segment in 2023, is likely to record the fastest CAGR over the analysis timeline. The segmental surge over the assessment period can be due to an increase in the precision and quality production of automotive components. Furthermore, the use of new technologies such as electric vehicles and autonomous driving tools have led to demand for high-precision metrology, thereby driving the segmental surge.

Industrial Metrology Market: Regional Insights

Asia-Pacific is projected to maintain leading position in the global market over the projected timeline

Asia-Pacific, which accounted for nearly 70% of the global industrial metrology market size in 2023, is expected to maintain a number one position in the global market during the forecasting timespan.

In addition, the regional market progression in the coming eight years can be ascribed to key driving factors such as swift industrialization, favorable government schemes, and the region a key manufacturing hub for a slew of end-use sectors such as machinery, automotive, and electronics.

North American industrial metrology industry is set to record the highest CAGR in the predicted timespan. The swift elevation of the industry in North America can be credited to the focus on innovations, early acceptance of industry 4.0 systems, and strong aerospace & defense sector. Apart from this, the presence of key players in the region will steer the growth of the industry in the region.

Key Developments

• In November 2023, ZEISS Industrial Quality Solutions, a key manufacturer of multidimensional metrology solutions, launched ZEISS INSPECT 3D metrology software, which allows the firm to provide high-quality industrial services to its consumers.

Industrial Metrology Market: Competitive Space

The global industrial metrology market profiles key players such as:

• Shining3D
• Bruker Corporation
• Nikon Metrology
• Carl Zeiss AG
• Renishaw PLC
• Hexagon AB
• Shining3D
• KLA Corporation
• FARO Technologies
• Perceptron Inc.
• Jenoptik AG

The global industrial metrology market is segmented as follows:

By Offering

• Hardware
• Services
• Software

By Equipment

• Measuring Equipment
•  Coordinating Measuring Machines
• X-Ray & Computed Tomography Systems
• Automated Optical Inspection Systems
•  Optical Digitizers & Scanners

By Application

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

By End-User

• Automotive
• Manufacturing
•  Aerospace & Defense
• Semiconductor

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa