Industrial Metrology Market Size, Share & Segmentation, By Offering (Hardware, Software, Services), By Equipment, By Application (Quality Control & Inspection, Reverse Engineering, Mapping And Modelling, Others), By End-User (Aerospace & Defense, Automotive, Semiconductor, Manufacturing, Others), By Region, And Global Forecast For 2024-2032

Industrial Metrology Market Size

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The Industrial Metrology Market size was valued at USD 14.21 billion in 2023 and is expected to reach USD 24.41 billion by 2032 and grow at a CAGR of 6.2% over the forecast period 2024-2032.

The industrial metrology market is growing at an increasing rate because of the high demand for accurate measurements and quality control in various industries. The industrial metrology is directly linked to the application of measurement sciences for the process of manufacturing and so on. The rising number of stringently controlled markets, such as automotive, aerospace, and defense, predisposes the use of innovative metrology equipment is mainly driving the market. The growing popularity of electric vehicles enhances the demand for complex battery systems, which aggravates the growth of the niche for specialized metrology solutions. For instance, LMI Technologies launched the Gocator 2600 series with 4K+ resolution for high resolution of small details. Another illustrative case is the acquisition of MSC Software as the provider of computer-aided engineering machinery, which can support a more detailed simulation of the interaction between the product and the metrology tool.

The industrial metrology market has potential as all manufacturing disciplines require the most advanced, efficient, and sophisticated metrology equipment and solutions to control the process. Increased automation and the proliferation of the Industry 4.0 trend make measurements available in real-time important for defect detection and process optimization is one of the main drivers. Over the period from 2011 to 2021, the total amount of money invested in the startups focused on developing technology related to Industry 4.0 has grown by 319%, with $2.2 billion spent in 2021. Across the 11 years, 2,513 deals were announced. In 2021, the number of acquisitions associated with Industry 4.0 reached its maximum of 132, and this is 116% higher than 10 years ago. Some of the recent acquisitions are when Emerson bought AspenTech for $11 billion in 2021, and Zebra Technologies bought Fetch Robotics in 2021 for $290 million. According to the data provided by IoT Analytics in 2019, 25% of Industry 4.0 cases were either fully or extensively implemented by global enterprises. Thus, in 2022 the process of adopting Industry 4.0 is even more advanced. Companies have already begun carrying out their Industry 4.0/Smart Factory strategies. Around, 72% of respondents have initiated the work on their plans or finished implementing them.

The automotive industry is one of the factors that raise the demand for industrial metrology. Here, vehicles are constructed using lightweight materials, like carbon fiber composites, to be faster and more efficient. Therefore, to ensure precise dimensional analysis, such machines use advanced and capable coordinate measuring machines. Moreover, to make the process of automobile production more accurate and adequate, car manufacturers have implemented advanced metrology solutions in the production lines to enhance production accuracy and reduce defects. In such cases, the firms implement precision CMMs and scanning equipment to guarantee the vehicle’s quality and precision of BMW. Moreover, aerospace companies implement high-end metrology equipment to meet tough quality standards, such as strict aerodynamics requirements, and building aircraft, like Boeing. In addition, the industrial metrology market is growing due to the need for more precise, automated, and controlled production.

Market Dynamics

Drivers

• Growing Emphasis on Quality Control to Meet the Industry Standards

Modern manufacturing processes are becoming more complicated with an increased focus on quality and safety. For this reason, modern production requires proper quality control to ensure the efficiency of the process. In this way, industrial metrology is the framework allowing for exact measurement with the help of proper tools and methods. As it provides manufacturers with an exact image of the degree to which a product does not meet the set standards, it helps to define problems and eliminate them in the early steps of production. This ensures reduced waste and rework needs, as well as negligible costs associated with defective products. For instance, in the automotive industry, it ensures exact component fit and function for engines, transmissions, and safety systems. Even minor deviations from the parameters may lead to a decrease in safety or malfunction. On the other hand, with the introduction of Coordinate Measuring Machines and 3D scan technologies, manufacturers have an opportunity to scan and reproduce parts that meet the necessary expectations.

• Rising demand for Industry 4.0 to Automate the Manufacturing processes

Another important driver for the manufacturing tendency towards automation is the industrial metrology required for this process. It implies measurements and measuring objects in a controlled environment to achieve a certain goal. Thus, there is a necessity for applying the appropriate tools for these purposes. Industrial metrology demands are driven by the need for the proper calibration of robots, the purpose of tool positioning accurately, and the assessment of the performance of a machine. These objects should be within close tolerances allowing their automated uses for ensuring the production’s repeatability and predictability as well as facilitating the minimum human presence and engagement. In addition, cyber-physical systems and the IoT implementation for Industry 4.0 require accurate measurements. Thus, metrology is used for the collection of data from the sensors within a machine and production lines. Downtimes are thus minimized by implementing predictive maintenance or optimization of production.

• Advancements in various Technologies and Innovation for Continuous Development

New and advanced metrology technologies are continuously developed, maximizing the growth of the manufacturing sector. These sophisticated technologies provide higher accuracy, efficiency speed, and new capabilities. For instance, the development of non-contact measurement methods, such as laser scanning and optical profilometry, allows for speeding and enhancing the measurement processes that are at least ten times faster and more precise than the traditional methods. Moreover, applying artificial intelligence to metrology systems ensures that the obtained data is automatically analyzed and any abnormalities are reported that considerably facilitate the quality control processes. Therefore, the development of metrology technologies is particularly fostered by the increasing needs of the industries, such as the aerospace and electronics industries, for the small, miniaturized, highly sophisticated components with complex geometry that can be measured with sufficient accuracy.

Restraints

• Complexity of Technology and Limited Technical Knowledge for Integration

Integration of industrial metrology systems with the existing manufacturing infrastructure and software systems can be quite challenging as both coordinate measurement systems and optical scanning systems frequently generate a large amount of data. To ensure that it is integrated seamlessly into the existing data platform and does not create data silos, companies require data management expertise. At the same time, compatibility issues may arise when integrating metrology equipment with different manufacturing software or hardware systems. This, in turn, requires customization or installation of additional equipment which raises the cost of the equipment and makes it more difficult to implement. Furthermore, the operation of advanced metrology equipment frequently requires specific expertise and training. The biggest issue is the lack of a qualified workforce or workers who can operate new equipment. As a result, equipment implementation is slowed down, it takes place in a highly inefficient manner, and companies take high risks of errors. Furthermore, training workers to operate advanced equipment, such as a robot, is very expensive but there is no way to avoid it. In the end, the operation of advanced metrology equipment leads to increased ownership costs, which may deter some companies from using the new systems.

• Change of Regulatory Landscape and Introduction to New Regulations

With the introduction of new standards and regulations, metrology equipment has to be frequently upgraded. Upgrading existing metrology systems to meet new regulations often results in associated costs to the businesses. Companies are required to spend money to upgrade their systems to the new standard and waive capital spent on the initial adjustment. For businesses, there is not only time spent reviewing the new guidelines that must be followed by new equipment, but they are also possibly left with a high-value item that they either have to disposed or be certain is still capable by today’s respect. Monitoring the changing regulations and maintaining metrology equipment that adheres to today’s sophisticated regulations can be a challenge to businesses as it is often expensive. It takes dedicated resources to keep calibration updated or replace calibration when applicable.

KEY MARKET SEGMENTS

By Offering

• Hardware

• Software

• Services

The hardware segment is continuously rising with a market share of more than 46.76% in 2023. Hardware such as coordinate measuring machines, optical digitizers and scanners, and X-ray and computed tomography systems provide increased precision and accuracy in surface separations, which enhances the quality of a product. The demand for the hardware segment in the industrial metrology market is also driven by the increasing adoption of 3D metrology equipment for quality control and the need for automation in the industry. The hardware segment plays a critical role in automated manufacturing processes that demand high quality and reliability.

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

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By Application

• Quality Control & Inspection

• Reverse Engineering

• Mapping and Modeling

• Others

The quality control & inspection segment became the dominant segment with a market share of around 40.16% in the Industrial Metrology Market in 2023. Due to the need to increase production and achieve precision, the demand for high-precision metrology and inline inspection has expanded over numerous industries. Growing competitiveness and the desire to enhance product safety are contributing factors that have aided in the adoption of quality control and inspection systems in numerous businesses like automotive, aerospace & defense, and semiconductors. In these businesses, maintaining and boosting a product’s quality is required.

By End-User

• Aerospace & Defense

•  Automotive

• Semiconductor

• Manufacturing

• Others

The automotive segment is a dominating segment with a market share of more than 49.56% in 2023. Currently, automotive makers are using 3D technologies and optical inspection methods. Production groups scan a part or sub-assembly and receive an accurate picture of the source of quality concerns with 3D measuring technologies, making it very beneficial to the automotive industry. As a result, even at the earliest stages of the design process, including product development, reverse engineering, as well as quality control, and assurance, may benefit from 3D scanning solutions. In the automobile sector, the most popular industrial metrology tool is the CMM, which is especially popular for quality control or inspection-oriented applications.

REGIONAL ANALYSIS

The North American industrial metrology market has dominated in 2023 with a market share of around 46.10%. There is an increase in the demand for automation through consistent and long-term application of industrial metrology in the North American region. Besides, the U.S. industrial metrology market recorded the largest share in the industrial profile, while the Canadian industrial metrology market was the leading and fastest-growing market within the region.

In the Asia Pacific region, there is an increasing adoption and application of industrial metrology. The first reason is the high rate of industrialization and manufacturing growth in major producers of manufacturing products mainly in China, India, Japan, South Korea, and Taiwan. As these nations and many more other Asian nations continue to adopt additional automation in the manufacturing sector, a need to develop accurate means and appropriate tools and systems of measuring and inspection for maintaining or preventing the production and supply of substandard products as per the world market requirements.

REGIONAL COVERAGE:

North America

• US

• Canada

• Mexico

Europe

• Eastern Europe

  • Poland

  • Romania

  • Hungary

  • Turkey

  • Rest of Eastern Europe

• Western Europe

  • Germany

  • France

  • UK

  • Italy

  • Spain

  • Netherlands

  • Switzerland

  • Austria

  • Rest of Western Europe

Asia Pacific

• China

• India

• Japan

• South Korea

• Vietnam

• Singapore

• Australia

• Rest of Asia Pacific

Middle East & Africa

• Middle East

  • UAE

  • Egypt

  • Saudi Arabia

  • Qatar

  • Rest of Middle East

• Africa

  • Nigeria

  • South Africa

  • Rest of Africa

Latin America

• Brazil

• Argentina

• Colombia

• Rest of Latin America

KEY PLAYERS 

Industrial metrology manufacturers include Hexagon, Nikon, FARO Technologies, Carl Zeiss, Jenoptik, KLA Corporation, Renishaw, Mitutoyo Corporation, KEYENCE CORPORATION, Creaform, Perceptron, Automated Precision Inc., Applied Materials Inc., AccuScan, CARMAR Accuracy, Baker Huges, Cyberoptics, Cairhill, ATT Metrology, Trimet, Shining 3D, Automated, Perceptron, Intertek Group, Bruker, Metrologic Group, and others.

RECENT DEVELOPMENT

• In April 2024, Cognex Corporation developed the In-Sight L38 3D Vision Systems. This system is dependent on the combination of AI, 2D, and 3D vision technologies. One of the most important advantages of this system is enhanced training. Another advantage of the In-Sight L38 3D Vision System is that it offers reliable solutions for inspection and measurements due to the inclusion of AI for the identification of features and 3D measurement based on a rule.
• In March 2024, Hexagon’s Manufacturing Intelligence division developed the SmartScan VR800, a high-productivity structured light scanner. The main advantage associated with this system is that it is fitted with a motorized zoom lens. This lens may be adjusted to provide data with different degrees of resolution and cover a larger part of an item to be measured.
• In November 2023, ZEISS developed a new version of ZEISS INSPECT 3D metrology software. This item offers “improved functionalities in the area of data acquisition in 3D measurement”. Furthermore, it affects evaluation by streamlining the inspection process. Thus, the production rates may be improved, due to ZEISS INSPECT 3D.
• In October 2023, Creaform Company developed the MAX Series. These are several tools that can be described as handheld 3D scanners for large and complex surfaces. These scanners provide a great scanning area. Furthermore, “multiple modes are readily available to precisely define scanning resolution to size up parts faster or work on intricate design elements”.