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Global Industrial Metrology Market: Insights on Market Size, CAGR, Key Market Drivers and Trends
Global Industrial Metrology Market
What Is The Projected Market Size Of The Global Industrial Metrology Market And Its Growth Rate?
The global Industrial Metrology market has been showing significant growth:
• The market size grew from $10.97 billion in 2024 to $11.75 billion in 2025, indicating a CAGR of 7.1%. This growth can be attributed to factors such as quality assurance requirements, manufacturing precision, globalization of supply chains, automotive industry growth, efficiency in production processes, and compliance with quality standards.
• The market size is projected to reach $16.56 billion in 2029, growing at a CAGR of 9.0%. This growth can be attributed to the rise of smart factories, demand for portable metrology solutions, development of advanced materials, initiatives in space exploration and aerospace innovation, and focus on miniaturization.
What Is Driving The Growth In The Industrial Metrology Market?
The growth of the industrial metrology market is primarily driven by the surging adoption of hybrid and electric vehicles. Metrology plays a key role in ensuring the optimal process of manufacturing electric vehicle (EV) gears, which are crucial for extending the vehicle's range. According to the International Energy Agency (IEA), the global number of electric vehicles on the road is projected to reach 16.5 million in 2022. Furthermore, under the Net Zero Emissions by 2050 Scenario, it is predicted that there will be over 300 million electric vehicles on the road by 2030, accounting for 60% of all new car sales. It is evident that the increasing adoption of hybrid and electric vehicles is bolstering the growth of the industrial metrology market.
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Who Are the Key Players Driving Industrial Metrology Market Growth?
Major players in the industrial metrology market are:
• 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
• Cairnhill Metrology
• Applied Materials Inc.
• GOM GmbH
• ILJIN Steel Co.
• Nippon Steel & Sumitomo Metal Corporation
• WENZEL Group GmbH & Co. KG
• Perceptron
What Are The Key Trends In The Industrial Metrology Market?
Key trends in the forecast period include:
• Customization in manufacturing
• Augmented reality (AR) applications
• Digital twin implementation
• Increased use of robotic metrology systems
• Growing adoption of 3D metrology
What Are The Segments Of The Global Industrial Metrology Market?
The global industrial metrology market can be segmented into:
1) By Offering: Hardware, Software, Services
2) 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
3) By Application: Quality Control And Inspection, Reverse Engineering, Mapping And Modeling, Other Applications
4) By End-User Industry: Aerospace And Defense, Automotive, Semiconductor, Manufacturing, Other End-User Industries
Which Region Leads The Industrial Metrology Market?
North America was the largest region in the industrial metrology market in 2024. The regions covered in this market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Industrial Metrology Market Global Market Report?
- Market Size Analysis: Analyze the Industrial Metrology Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Industrial Metrology Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Industrial Metrology Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Industrial Metrology Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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