Press release
Major players in the global inline metrology market are Hexagon AB (Hexagon) (Sweden), Carl Zeiss (Germany), Perceptron (US),
The inline metrology market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%. The growth of the inline metrology market is driven by factors such as increasing global adoption of smart metrology solutions, rising global spending on research and development activities for automation technologies, and growing use of smart 3D sensors worldwide. Key factors restraining the growth of this market are the high costs incurred for setting up inline metrology facilities and the lack of expertise to handle inline metrology systems efficiently.The quality control and inspection application to witness the highest CAGR in the inline metrology market during the forecast period. Automotive and aerospace are the major industries that make use of inline metrology for quality control and inspection applications. Inline metrology is mainly used in the automotive industry for the inspection of automotive components, powertrain components, including full-body, as well as for checking the accuracy and precision of all areas in a vehicle plant.
Coordinate measuring machines (CMMs) to dominate the inline metrology market, by product, from 2020 to 2025. Inline CMMs are required in the automotive industry for the inspection, measurement, and quality checking of various automotive components. Instead of conventional strain gauges, accelerometers, transducers, and extensometers, optical measurement systems and CMMs are increasingly being used in the automotive industry to ensure improved safety and comfort level of a vehicle.
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The automotive industry is also a significant beneficiary of inline metrology solutions owing to the availability of precision farming solutions. In the automotive industry, inline metrology solutions are used in a wide range of inspection applications, such as shop floor automotive inspection, automotive design and styling, pilot plant metrology, die and mold applications, assembly plant setup, sheet-metal inspection, powertrain components, automotive component inspection, and full vehicle inspection. The automotive industry is expected to dominate the market for inline metrology solutions in 2025.
https://www.marketsandmarkets.com/Market-Reports/inline-metrology-market-55767366.html
The commercialization of inline metrology applications is in the introductory stages in many developing economies of APAC. Funding for research and developments in automation and associated technologies and the presence of an extensive industrial base for automotive manufacturing are the major factors that make APAC a dynamic region for the growth of the inline metrology market. Robust economic growth in China and India are the key contributors to the inline metrology market growth in APAC.
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Mr. Aashish Mehra
MarketsandMarkets(TM) INC.
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MarketsandMarkets(TM) provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets(TM) for their painpoints around revenues decisions.
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