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Industrial Metrology Global Market Size, Share, Growth, Trends And Industry Analysis Report 2023-2032
Industrial Metrology Market Report
Industrial Metrology Market Size, Growth Rate, And Forecast:
The global industrial metrology market size is expected to grow from $9.60 billion in 2022 to $10.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global industrial metrology market size is expected to grow to $13.87 billion in 2027 at a CAGR of 7.5%.
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Industrial Metrology Market Drivers:
The surging adoption of hybrid and electric vehicles is expected to boost the growth of the industrial metrology market going forward. Hybrid electric vehicles refer to those that employ both an internal combustion engine and one or more electric motors that draw electricity from batteries to operate. Since electric vehicle (EV) gears are essential for extending range, metrology helps to ensure that the process of making them is optimal, which is boosting the growth of the industrial metrology market.
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Industrial Metrology Market Segments
•By Offering: Hardware, Software, Services
•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
•By Application: Quality Control and Inspection, Reverse Engineering, Mapping and Modeling, Other Applications
•By End-User Industry: Aerospace and Defense, Automotive, Semiconductor, Manufacturing, Other End-User Industries
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Industrial Metrology market.
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Industrial Metrology Market Key Players:
Major competitors in the industrial metrology market include Hexagon AB, Carl Zeiss AG, Nikon India Pvt. Ltd., Faro Technologies, Keyence Corporation, Jenoptik AG, CREAFORM, KLA Corporation, Mitutoyo Corporation, Renishaw PLC., Precision Products Inc., Carmar Accuracy Co. Ltd., Baker Hughes, CyberOptics, and Cairnhill Metrology.
The Business Research Company's "Global Industrial Metrology Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Industrial Metrology Market Include:
1. Executive Summary
2. Industrial Metrology Market Characteristics
3. Industrial Metrology Market Trends And Strategies
4. Industrial Metrology Market - Macro Economic Scenario
5. Industrial Metrology Market Size And Growth
....
26. Africa Industrial Metrology Market
27. Industrial Metrology Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Industrial Metrology Market
29. Industrial Metrology Market Future Outlook and Potential Analysis
30. Appendix
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