Industrial Metrology Market Trends, Scope, Demand, and size will grow at a CAGR of 6.50% by 2032
Research Reports
Aug 21, 2023
The size of the industrial metrology market was estimated at 10.5 billion USD in 2022. A CAGR of 6.50% is anticipated for the Industrial Metrology market Application from USD 11.2 billion in 2023 to USD 18.5 billion over the forecast period from 2023 to 2032. Increasing need for industrial metrology systems, highly dependable and high-quality processes, and electric vehicles are the main major factors boosting market expansion.
Key Companies in the Industrial Metrology market include
- Hexagon AB
- Renishaw PLC
- FARO Technologies
- Nikon Metrology
- Carl Zeiss AG
- Jenoptik AG
- Perceptron
- Automated Precision Inc.
- KLA Corporation
- Applied Materials Inc.
Get a Free Sample Copy@ https://www.marketresearchfuture.com/sample_request/11813
Rising demand for industrial metrology solutions in the food inspection industry, the defence industry, and for large projects like smart cities is predicted to boost the industrial metrology market. The demand for aerospace solutions, the availability of high-quality metrology solutions, and the rise in industrial metrology are the main factors driving the market. Rising demand for metrology solutions in both the automotive industry and general production is likely to drive the market. In the near future, it is anticipated that the automotive industry will experience a dramatic transformation as automated facilities quickly replace manual facilities in the production of automobiles. The demand for highly trustworthy and high-quality procedures is predicted to boost the market, along with an increase in the demand for electric vehicles. During the projected period, an increase in automation is also anticipated in the manufacturing sector’s need for industrial metrology.
Electric vehicles (EVs) are becoming more and more common on the road, and nearly all automakers have stated that EVs will eventually predominate in their product selection. The number of drivetrain components will significantly decrease as the transition from internal combustion (IC) to electric continues. Additionally, the remaining parts, which are present in all kinds of cars, will have a bigger influence on the vehicle’s longevity and performance. Power electronics, electric motors, fuel cell systems, and batteries for electric cars are among the major industries that use industrial metrology solutions. Sales of electric vehicles increased by almost treble in China in 2021, reaching 3.3 million units, or roughly half of the global total. Sales increased significantly in both Europe (by 65% to 2.3 million) and the US (more than doubling to 6,30,000). As a result, the increase in EVS usage is what is driving the market for industrial metrology equipment.
Buy Premium Research Report Now:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=11813
Because of the escalating geopolitical tensions between various countries and the ensuing rise in demand for accurate defence applications, both mechanical and electronic, it is anticipated that the aerospace and defence industry will be the primary driver of the industrial metrology market. Additionally, the growth of conflicts involving vital missions demands exact calibration and strict traceability in military aircraft and vehicles. The growth of the market is also being aided by the development of high-tech products, big data, virtual drones, aerospace, and defence vehicles. driving the industrial metrology market’s revenue in the process.
Segment
The Industrial Metrology Market segmentation, based on offering, includes hardware, software, and services. Hardware segment dominated the global market in 2022.
The Industrial Metrology Market segmentation, based on equipment, includes coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instruments, x-ray and computed tomography, automated optical inspection, form measurement equipment, and 2D equipment. Optical digitizer and scanner (ODS) segment dominated the global market in 2022.
Check Discount@ https://www.marketresearchfuture.com/check-discount/11813
The Industrial Metrology Market segmentation, based on application, includes quality control & inspection, reverse engineering, mapping and modeling, and others. The quality control & inspection segment dominated the Industrial Metrology Market in 2022.
The Industrial Metrology Market segmentation, based on End-User Industry, includes aerospace & defense, automotive, semiconductor, manufacturing, and others.
The analysis offers market insights for North America, Europe, Asia-Pacific, and the rest of the world, by region. In 2022, this market was headed by the North American Industrial Metrology Market (45.80%). The rising demand for automation and the significant usage of industrial metrology in the region provide an explanation for this. Additionally, the North American industrial metrology markets with the biggest market shares were those in the United States and Canada, respectively.
From 2023 to 2032, the Asia Pacific Industrial Metrology market is anticipated to grow significantly. Developing nations like China, Japan, South Korea, and India have adopted industrial metrology technology as a result of the rising geopolitical tension and the increased demand for automation in the commercial sector, which is expected to fuel market expansion.
Related Reports:
- Card Connector Market, By Type, By Application – Forecast 2027
- Traffic Sensor Market, By Technology, Sensor Type By Applications – Forecast 2027
- Sensor Patch Market, By Application, By End-users – Forecast 2027
- Rugged Display Market, By Type, By Operating System, By Ruggedness, By End-Users – Forecast 2030
- Cognitive Robotics Market, By Learning Type and By Application – Forecast 2030
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
Contact Information:
Contact: Market Research Future 99 Hudson Street,5Th Floor New York, New York 10013 United States of America Sales: +1 628 258 0071(US) +44 2035 002 764(UK) Email: sales@marketresearchfuture.com
Tags:
Wire, Research Newswire, English