Press release
Next-Generation Industrial Metrology and Inspection Market Industry Overview by Size, Share, Revenue, Future Growth 2030 | Players Hexagon AB, Renishaw PLC, Carl Zeiss AG
Next-Generation Industrial Metrology and Inspection Market
A rise in adoption of industrial metrology practices in various industries such as aerospace, automotive, and other manufacturing sector drives the growth of the next generation industrial metrology and inspection market.
The next generation industrial metrology and inspection market size is expected to reach $16,104.2 million by 2030, from $8,125.0 million in 2020, registering a CAGR of 6.9% from 2021 to 2030
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Top Leading Companies:
Hexagon AB, Renishaw PLC, Carl Zeiss AG, FARO Technologies, Jenoptik AG, Automated Precision Inc, KLA Corporation, Applied Materials Inc, Nikon Metrology, and Trimet Group.
The development of software led process metrology equipment, and process automation for industry specific services drives the growth of the market. Industrial metrology uses cloud-based devices, robotics technology, automated devices, laser scanning technologies and multi-sensor technology, is expected to drive the next generation industrial metrology and inspection market growth.
However, high cost associated with implementation of industrial metrology system in manufacturing industries, and lack of skilled professional to handle metrological data is anticipated to hampers the growth of the market. Furthermore, adoption of cloud-based services in manufacturing industries is anticipated to provide lucrative opportunities for growth of the next generation industrial metrology.
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The report analyzes the next generation industrial metrology and inspection industry is segmented based on offering, equipment, application, and region. Based on offering, the market is divided into hardware, software, and services. By equipment, the market is divided into Coordinate measuring machine, measuring instruments, optical digitizer and scanner, and others. Based on application, the market is divided into automotive and transportation, aerospace and defense, semiconductor & electronics, industrial machinery, and others.
Regional Analysis:
Region wise, the next generation industrial metrology and inspection market analysis is conducted across the North America (U.S., Canada, and Mexico), Europe (Germany, UK, Italy, France, and Rest of Europe), Asia-Pacific (China, India, Japan, Australia, and Rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa). In 2020, the North America was the highest contributor to the next generation industrial metrology and inspection market share.
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