Press release
Next-Generation Industrial Metrology and Inspection Market Rising Business-Opportunities at CAGR of 6.9% by 2030
Next-Generation Industrial Metrology and Inspection Market
The next generation industrial metrology and inspection market size is expected to reach $16,10 billion by 2030, from $8.12 billion in 2020, registering a CAGR of 6.9% from 2021 to 2030.
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The increasing adoption of industrial metrology practices across industries such as aerospace, automotive, and manufacturing is propelling the growth of the next-generation industrial metrology and inspection market. Key players like Nikon Metrology and FARO Technologies are employing product launches as a primary strategy to enrich their metrology product portfolios. For example, in June 2021, Nikon Metrology introduced the NEXIV VMZ-S4540, a new CNC video measurement system tailored for automotive and transportation industries. This system boasts fully automatic functionality, superior performance, and dimensions of 3000 X 3000 mm.
The demand for big data analytics is on the rise within the metrology industry, aimed at maximizing productivity and accuracy. Furthermore, the growing need for precision inspection services and heightened emphasis on quality control in manufacturing industries are fueling market growth.
Additionally, advancements such as software-led process metrology equipment and process automation for industry-specific services are driving market expansion. Industrial metrology is increasingly leveraging cloud-based devices, robotics technology, automated systems, laser scanning technologies, and multi-sensor technology to propel the growth of the next-generation industrial metrology and inspection market.
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Segmentation Based On:
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.
Top Players:
Key Players
• Hexagon AB
• Renishaw PLC
• Carl Zeiss AG
• FARO Technologies
• Jenoptik AG
• Automated Precision Inc
• KLA Corporation
• Applied Materials Inc
• Nikon Metrology
• Trimet Group.
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