Industrial Metrology Market Size Forecasted To Achieve $16.56 Billion By 2029 With Steady Growth

The Industrial Metrology Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Expected Industrial Metrology Market Size During the Forecast Period?
The market size of industrial metrology has seen a significant escalation in the previous years. It is projected to increase from $10.97 billion in 2024 to $11.75 billion in 2025, with a compound annual growth rate (CAGR) of 7.1%. Several factors have led to this growth in the past, including the necessity for quality assurance, accuracy in manufacturing, the expansion of supply chains on a global scale, the rise in the automobile industry, productivity in production workflows, and adherence to quality norms.

The expectation over the next few years is that the size of the industrial metrology market will see a significant growth. It's anticipated to expand to a value of $16.56 billion by 2029, with a compound annual growth rate (CAGR) of 9.0%. Several factors lie behind this projected growth during the forecast period, including the emergence of smart factories, the need for portable metrology solutions, the creation of advanced materials, advancements in space exploration and aerospace, and an emphasis on miniaturization. The forecast period will also witness key trends such as custom manufacturing, the application of augmented reality (AR), the implementation of digital twins, the expanding use of robotic metrology systems, and the increasing embracement of 3D metrology.

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What Are the Major Segments in the Industrial Metrology Market?
The industrial metrology market covered in this report is segmented -

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

Subsegments:
1) By Hardware: Coordinate Measuring Machines (CMM), Optical Measurement Systems, Laser Scanners, Gauges And Fixtures, Sensors And Probes
2) By Software: Measurement And Inspection Software, Data Analysis Software, CAD Or CAM Software Integration, Quality Management Software, Calibration Management Software
3) By Services: Calibration Services, Inspection Services, Training And Support Services, Consulting Services, Maintenance And Repair Services

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What Are The Driving Industrial Metrology Market Evolution?
The rise in the usage of hybrid and electric vehicles is anticipated to propel the expansion of the industrial metrology market in the future. Hybrid electric vehicles, which use both an internal combusting engine and at least one electric motor that operates off battery power, are pertinent to this. As the gears in electric vehicles (EV) are crucial for prolonging their range, the role of metrology in ensuring their optimal manufacturing becomes pivotal, contributing to the growth of the industrial metrology market. For instance, a report by the International Energy Agency (IEA), a France-based organization advocating for secure and sustainable energy, projects that by 2022, the worldwide number of electric vehicles on the road will amount to 16.5 million. Furthermore, the Net Zero Emissions by 2050 Scenario predicts over 300 million electric vehicles on roads by 2030, accounting for 60% of all new car sales. Hence, the increasing adoption of hybrid and electric vehicles is stimulating the expansion of the industrial metrology market.

Which Firms Dominate The Industrial Metrology Market Segments?
Major companies operating 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, Cairnhill Metrology, Applied Materials Inc., GOM GmbH, ILJIN Steel Co., Nippon Steel & Sumitomo Metal Corporation, WENZEL Group GmbH & Co. KG, Perceptron

What Trends Are Expected to Dominate the Industrial Metrology Market in the Next 5 Years?
The industrial metrology market has observed a surge in product innovations, a primary trend that major companies are utilizing to solidify their market presence. For example, Keyence, an automation sensor, vision system, barcode reader, laser marker, measuring instrument, and digital microscope developer and manufacturer based in Japan, rolled out the LM Series, an instant measurement system exhibiting high accuracy, in March 2022. Some notable features incorporated into the LM Series include an automatic inspection system that delivers measurements with a precision of +/- 0.7 μm and a repeatability of +/- 0.1 μm at a simple button touch. Beyond this, the system automatically generates detailed inspection reports and logs measurement data. The speed of the system is improved due to the reduced image requirement, courtesy of the system's quick staging movement and broad view field.

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Which Is The Largest Region In The Industrial Metrology Market?
North America was the largest region in the industrial metrology market share in 2024. The regions covered in the industrial metrology market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Industrial Metrology Market?
2. What is the CAGR expected in the Industrial Metrology Market?
3. What Are the Key Innovations Transforming the Industrial Metrology Industry?
4. Which Region Is Leading the Industrial Metrology Market?

Why This Report Matters:

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