Press release
Soaring Demand Set to Propel Surface Measuring Instrument Market to $3.21 Billion by 2029
Surface Measuring Instrument
What Is the Expected CAGR for the Surface Measuring Instrument Market Through 2025?
In recent times, the market size for surface measuring instruments has seen substantial growth. It is projected to increase from $2.07 billion in 2024 to $2.26 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.5%. The historic growth rate is credited to factors including increased demand for quality control, the upsurge in the adoption of precision engineering, and an amplified need for surface inspection in manufacturing. This growth is also buoyed by the expansion of the automotive and aerospace industries, along with stricter regulatory compliance mandates.
What's the Projected Size of the Global Surface Measuring Instrument Market by 2029?
There is an anticipation of robust growth in the surface measuring instrument market in the upcoming years, with a projected growth rate to $3.21 billion in 2029 at a Compound Annual Growth Rate (CAGR) of 9.1%. Factors contributing to this predicted surge during the forecast period include the escalated uptake of advanced metrology, expansion in the electronics and semiconductor production sector, burgeoning investments in smart factories, heightened demand for predictive maintenance, and an upswing in the adoption of portable surface measuring devices. In the forecast period, major trends set to shape the market include advancements in non-contact measurement systems, increased investment in research and development, innovations in portable and handheld gadgets, acceptance of digital and connected measurement solutions, and the incorporation of AI and machine learning in surface analysis.
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Top Growth Drivers in the Surface Measuring Instrument Industry: What's Accelerating the Market?
The growth of the surface measuring instrument market is predicted to be fueled by the escalating demand for precision manufacturing. The term precision manufacturing denotes the creation of components with superb precision and exact tolerances using sophisticated tools and techniques. There's a rising demand for precision manufacturing in the medical device industry as it is crucial for patient safety and smooth performance of the devices to have highly accurate and reliable components. Surface measuring instruments aid in precision manufacturing by accurately assessing the texture, flatness, and roughness of components, making certain that the parts comply with rigid quality and specification criteria. For example, the Office for National Statistics, a government department based in the UK, stated in July 2023 that in 2022, basic metals manufacturing generated $9.56 billion (£7.1 billion) and the manufacture of wearing apparel resulted in $1.88 billion (£1.4 billion), with both witnessing the largest proportional sales increases of 17% and 15% respectively. Consequently, the increased demand for precision measurement is responsible for the expansion of the surface measuring instrument market.
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What Trends Will Shape the Surface Measuring Instrument Market Through 2029 and Beyond?
Firms dominant in the surface measuring instrument market are prioritizing the creation of innovative tools like portable surface measuring instruments to improve on-site measurement capabilities, cut down inspection time, and enhance operational efficiency. Portable surface measuring instruments are handheld appliances that provide accurate evaluations of surface texture, flatness, and roughness right on the location, facilitating quicker inspections and on-the-spot quality control. Take for example, in November 2023, Mahr GmbH, a metrology company based in Germany, unveiled the MarSurf M 410, a novel portable surface measuring tool tailored for ultra-precise surface roughness quantification in both lab and manufacturing settings. This tool is equipped with a non-skid probe system, a large rotatable touchscreen, and a modular layout that enables versatile use with separate operating and drive modules. It accommodates a vast measuring range with highly sensitive probe tips, automatic probe positioning, and a multipurpose docking station for various measurement angles, including overhead.
What Are the Main Segments in the Surface Measuring Instrument Market?
The surface measuring instrument market covered in this report is segmented as
1) By Type: Contact Profilers, Laser Scanners, Optical Measuring Instruments, Coordinate Measuring Machines, Surface Roughness Testers
2) By Instrument Style: Hand-Held Instruments, Portable Instruments, Benchtop Instruments, Automated Measuring Systems
3) By Application Area: Metrology Labs, Manufacturing Industry, Research And Development, Quality Control
4) By End-User Industry: Aerospace And Defense, Automotive, Electronics, Medical Devices, Construction
Subsegments:
1) By Contact Profilers: Stylus Profilers, Mechanical Profilers, Tactile Profilers
2) By Laser Scanners: Triangulation Laser Scanners, Confocal Laser Scanners, Time Of Flight Laser Scanners
3) By Optical Measuring Instruments: White Light Interferometers, Chromatic Confocal Sensors, Digital Microscopes
4) By Coordinate Measuring Machines: Bridge Type Coordinate Measuring Machines, Gantry Type Coordinate Measuring Machines, Horizontal Arm Coordinate Measuring Machines
5) By Surface Roughness Testers: Portable Surface Roughness Testers, Bench Top Surface Roughness Testers, Handheld Surface Roughness Testers
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Which Top Companies are Driving Growth in the Surface Measuring Instrument Market?
Major companies operating in the surface measuring instrument market are KLA Corporation, Keyence Corporation, AMETEK Inc., Hexagon AB, Nikon Metrology NV, Bruker Corporation, Carl Zeiss AG, Jenoptik AG, Renishaw plc, Mitutoyo Corporation, Wenzel Group GmbH & Co. KG, Mahr GmbH, Nearfield Instruments, Krüss Optronic GmbH, Tokyo Seimitsu Co. Ltd., Optical Gaging Products Inc., Ryokosha Co. Ltd., Bowers Group Ltd., Schuetz GmbH & Co. KGaA, Hommel-Etamic GmbH, LDB Corporation, Mitaka Kohki Co. Ltd., Okaya Seiryu Kogyo Co. Ltd., Trimos SA.
Which Regions Will Dominate the Surface Measuring Instrument Market Through 2029?
North America was the largest region in the surface measuring instrument market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in surface measuring instrument report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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