Global Industrial Metrology Industry Outlook 2025-2029: Market Set to Cross $16.28 Billion Milestone

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How Large Will the Industrial Metrology Market Size By 2025?
The size of the industrial metrology market has experienced robust growth in the past few years. The market, valued at $10.97 billion in 2024, is projected to increase to $11.68 billion in 2025, representing a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this growth throughout the historical period include the need for quality assurance, precision in manufacturing, globalisation of supply chains, advancement in the automotive industry, improvement in production processes, and adherence to quality standards.

How Big Is the Industrial Metrology Market Size Expected to Grow by 2029?
In the coming years, the industrial metrology market is poised for robust growth, projected to reach $16.28 billion in 2029 with a compound annual growth rate (CAGR) of 8.7%. This surge in the forecasted timeframe is linked to the establishment of smart factories, the burgeoning demand for handheld metrology solutions, the advent of cutting-edge materials, advancements in space exploration and aeronautical innovations, along with an intensified focus on miniaturization. The forecast period also points to key trends such as the rise of bespoke manufacturing, the application of augmented reality (AR), the uptake of digital twin technology, the increased deployment of robotic metrology systems, and a growing preference for 3D metrology.

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Which Key Market Drivers Powering Industrial Metrology Market Expansion and Growth?
The industrial metrology market is anticipated to experience growth, propelled by the increasing acceptance and use of hybrid and electric automobiles. The term hybrid electric vehicles pertains to those that function via a combination of an internal combustion engine and one or more electric engines, which are powered by batteries. Electric vehicle (EV) gears play an important role in expanding their distance coverage, and metrology aids in optimising their production process. This enhancement is stimulating the expansion of the industrial metrology market. As per a research released by the International Energy Agency (IEA), based in France and dedicated towards secure and sustainable energy supply, there will be 16.5 million electric vehicles globally on roads in 2022. In addition, the Net Zero Emissions by 2050 Scenario projects that over 300 million electric vehicles will be on the roads by 2030, representing 60% of all new automobile sales. Hence, the rising trend of hybrid and electric vehicles has the potential to catapult the industrial metrology market growth.

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Which Fast-Growing Trends Are Poised to Disrupt the Industrial Metrology Market?
The industrial metrology market is seeing a rise in the trend of product innovations. Top-tier companies in the market are creating groundbreaking products to bolster their foothold. For example, Keyence, an automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes producer and developer based in Japan, unveiled the LM Series, a high-precision instant measurement system, in March 2022. The LM Series boasts a built-in inspection system which can provide measurements with +/- 0.7 μm precision and +/- 0.1 μm repeatability with just a single button press. Furthermore, it can effortlessly create detailed inspection reports as well as record measurement data. The system has faster speeds due to needing less images than other systems courtesy of its quick stage movement and broad field of view.

What Are the Emerging Segments in the Industrial Metrology Market?
The industrial metrologymarket 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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Who Are the Global Leaders in the Industrial Metrology Market?
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

Which are the Top Profitable Regional Markets for the Industrial Metrology Industry?
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

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