The Inline Metrology Market Size was valued at USD 0.60 billion in 2023 and is expected to reach USD 1.32 billion by 2031 and grow at a CAGR of 10.29% over the forecast period 2024-2031.
Inline metrology refers to scanning, measuring, and controlling all aspects of a part while it is in motion. It refers to measurements that are reliable, automated, fast, and non-destructive and are fully integrated into a production line for comprehensive process control. It can be integrated into the systems that transfer data between processing steps. Thus, it is used in reverse engineering, quality control & inspection, and other applications in end uses such as semiconductors, aerospace, automotive, energy & power, medical, and others. Electronic system innovations pave the way for the growth of the inline metrology market.
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KEY DRIVERS:
Smart 3D sensors are becoming increasingly popular around the world.
Global adoption of smart metrology solutions is increasing.
Rising global spending on automation technology research and development.
RESTRAINTS:
Insufficient expertise to manage inline metrology systems effectively.
High costs for establishing inline metrology facilities.
OPPORTUNITIES:
Automobile manufacturers are increasingly requesting customized solutions.
AI technology is becoming more widely used in the automotive industry.
New business models are continuing to adopt predictive analytics.
CHALLENGES:
scarcity of skilled system integrators.
Advanced inline metrology software solutions' operational complexity.
The COVID-19 outbreak has had a significant impact on the global inline metrology market. As workers stayed at home, global factories struggled to manufacture products involving inline metrology, as well as develop or improve current inline metrology processes, disrupting the global supply chain. The impact of COVID-19 on inline metrology market trends is only temporary because only the manufacturing and supply chain is halted. Production, supply chains, and demand for these products will gradually increase as the situation improves. This will allow businesses to consider ways to increase production, research new technologies, and improve existing products.
IMPACT OF RUSSIAN-UKRAINE WAR
The global impact of the Russia-Ukraine crisis is evident, especially in commodity markets like oil, gas, platinum, gold, and silver, which have experienced significant disruptions in both supply chains and pricing structures. The crisis has induced a robust dynamic in global financial markets, showcasing extreme interconnectedness among commodities and major stock markets, including those of the G7 and BRIC countries. Gold and silver, alongside stock markets in the United States, Canada, China, and Brazil, emerged as primary recipients of shocks transmitted by other commodities and markets during the crisis. Beyond commodity markets, the crisis holds broader implications for global economic resilience and recalibration. Initially, significant shocks were observed, such as spikes in prices for agricultural commodities and critical minerals and metals. However, global value chains adapted to bridge production gaps, resulting in many material prices returning to prewar levels, albeit with some remaining elevated. This adjustment reflects a shift in the global commodity production balance, with some commodities witnessing a decrease in the share of total world production from Ukraine and Russia, while others experienced increased production from these countries.
IMPACT OF ECONOMIC SLOWDOWN
The impact of economic downturns on the inline metrology market, or the broader metrology services sector, is complex and influenced by factors like industrial demand, technological progress, and adherence to international quality standards. Despite economic challenges, the metrology services market, including inline metrology, is expected to maintain growth due to rising demand from various sectors such as industrial, power generation, aerospace and defense, and automotive industries. This growth is supported by ongoing advancements in metrology software and the adoption of CAD/CAM technologies and international quality standards. However, the market faces obstacles such as increased design complexity, the need for skilled operators, and concerns about safety and security. Economic slowdowns could exacerbate these challenges by limiting investments in technology and skilled labor, potentially leading to decreased demand from key sectors as they cut back on spending. Nonetheless, the market remains resilient, with companies continuing to innovate and explore new growth avenues. Emerging trends like outsourcing dimensional checks in the medical sector and increasing demand for finished goods highlight the market's adaptability and pursuit of growth opportunities amidst economic uncertainties.
BY PRODUCT
Coordinate Measuring Machines
Multisensor Measuring Systems
Optical Scanners
Machine Vision Systems
Laser Trackers
The inline metrology market is segmented into Coordinate Measuring Machines, Multisensor Measuring Systems, Optical Scanners, Machine Vision Systems, and Laser Trackers. By product, coordinate measuring machines held the largest share of the inline metrology market. The growing use of CMMs in industries such as automotive, aerospace, semiconductor, energy & power, and heavy machinery to ensure high product quality is a major factor driving the growth of the CMM market. CMMs offer high-precision models and measurements of tiny/fine machine parts. CMMs have several advantages over traditional gauging methods, including increased flexibility, reduced setup time, improved accuracy, and increased productivity.
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BY OFFERING
Hardware
Software
Services
The inline metrology market is segmented into Hardware, Software, and Services. During the forecast period, demand for inline metrology services is expected to grow at the fastest CAGR. The high cost of establishing an inline metrology facility, as well as the scarcity of inline metrology experts, are major factors driving the growth of the market for inline metrology services. Manufacturing companies are outsourcing their inline measurement, scanning, and control processes to service providers to achieve measurement readings in record time, reduce measurement uncertainty, and ensure process stability, thereby fueling the growth of the inline metrology services market.
BY APPLICATION
Reverse Engineering
Quality Control and Inspection
Others
BY INDUSTRY
Automotive
Aerospace
Energy & Power
Semiconductors
Others
North America now dominates the global market and is expected to do so in the foreseeable future. The Asia-Pacific region, on the other hand, is expected to grow at the fastest rate during the forecast period. The growing use of AI and IoT technologies, as well as the increasing integration of automation in industrial facilities, are expected to drive the market in this region.
APAC is expected to have the largest market share in terms of value due to the significant economic growth seen by major nations in the region, such as China and India. Inline metrology systems are used for quality control inspections in the region's automobile and electronics manufacturing industries. As a result of the presence of various Inline Metrology Market Key Players, inline metrology solutions are expected to be in high demand in this region.
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
The key players in the inline metrology market are Hexagon, Faro Technologies, Carl Zeiss, Jenoptik, LMI Technologies, AMETEK, ABB Ltd, Nikon Metrology, KLA Corporation, Renishaw, Mitutoyo Corporation, Perceptron & Other Players.
Nikon Metrology-Company Financial Analysis
RECENT DEVELOPMENT
In August 2022: LMI Technologies (LMI) officially launched its latest Gocator® 2600 Series, comprising intelligent 3D laser line profile sensors boasting 4K+ resolution.
In February 2023: LMI Technologies (LMI) introduced its new Gocator 2540/50, presenting high-speed wide field of view 3D laser line profile sensors.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 0.60 Billion |
| Market Size by 2031 | US$ 1.32 Billion |
| CAGR | CAGR of 10.29% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Coordinate Measuring Machines, Multisensor Measuring Systems, Optical Scanners, Machine Vision Systems, Laser Trackers) • By Offering (Hardware, Software, Services) By Application (Reverse Engineering, Quality Control And Inspection, Others) • By Industry (Automotive, Aerospace, Energy & Power, Semiconductors, Others) |
| Regional Analysis/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) |
| Company Profiles | Hexagon, Faro Technologies, Carl Zeiss, Jenoptik, LMI Technologies, AMETEK, ABB Ltd, Nikon Metrology, KLA Corporation, Renishaw, Mitutoyo Corporation and Perceptron. |
| Key Drivers | • Smart 3D sensors are becoming increasingly popular around the world. • Global adoption of smart metrology solutions is increasing. |
| RESTRAINTS | • Insufficient expertise to manage inline metrology systems effectively. • High costs for establishing inline metrology facilities. |
The Inline Metrology Market was valued at USD 0.60 billion in 2023.
The expected CAGR of the global Inline Metrology Market during the forecast period is 10.29%.
The Asia-Pacific region is anticipated to record the Fastest Growing in the Inline Metrology Market.
The Coordinate Measuring Machines segment is leading in the market revenue share in 2023.
The North America region with the Highest Revenue share in 2023.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Impact Analysis
5.1 Impact of Russia-Ukraine Crisis
5.2 Impact of Economic Slowdown on Major Countries
5.2.1 Introduction
5.2.2 United States
5.2.3 Canada
5.2.4 Germany
5.2.5 France
5.2.6 UK
5.2.7 China
5.2.8 Japan
5.2.9 South Korea
5.2.10 India
6. Value Chain Analysis
7. Porter’s 5 Forces Model
8. Pest Analysis
9. Inline Metrology Market, By Product
9.1 Introduction
9.2 Trend Analysis
9.3 Coordinate Measuring Machines
9.4 Multisensor Measuring Systems
9.5 Optical Scanners
9.6 Machine Vision Systems
9.7 Laser Trackers
10. Inline Metrology Market, By Offering
10.1 Introduction
10.2 Trend Analysis
10.3 Hardware
10.4 Software
10.5 Services
11. Inline Metrology Market, By Application
11.1 Introduction
11.2 Trend Analysis
11.3 Reverse Engineering
11.4 Quality Control and Inspection
11.5 Others
12. Inline Metrology Market, By Industry
12.1 Introduction
12.2 Trend Analysis
12.3 Automotive
12.4 Aerospace
12.5 Energy & Power
12.6 Semiconductors
12.7 Others
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Eastern Europe
13.3.1.1 Poland
13.3.1.2 Romania
13.3.1.3 Hungary
13.3.1.4 Turkey
13.3.1.5 Rest of Eastern Europe
13.3.2 Western Europe
13.3.2.1 Germany
13.3.2.2 France
13.3.2.3 UK
13.3.2.4 Italy
13.3.2.5 Spain
13.3.2.6 Netherlands
13.3.2.7 Switzerland
13.3.2.8 Austria
13.3.2.9 Rest of Western Europe
13.4 Asia-Pacific
13.4.1 China
13.4.2 India
13.4.3 Japan
13.4.4 South Korea
13.4.5 Vietnam
13.4.6 Singapore
13.4.7 Australia
13.4.8 Rest of Asia Pacific
13.5 The Middle East & Africa
13.5.1 Middle East
13.5.1.1 UAE
13.5.1.2 Egypt
13.5.1.3 Saudi Arabia
13.5.1.4 Qatar
13.5.1.5 Rest of the Middle East
13.5.2 Africa
13.5.2.1 Nigeria
13.5.2.2 South Africa
13.5.2.3 Rest of Africa
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Colombia
13.6.4 Rest of Latin America
14. Company Profiles
14.1 Hexagon
14.1.1 Company Overview
14.1.2 Financial
14.1.3 Products/ Services Offered
14.1.4 SWOT Analysis
14.1.5 The SNS View
14.2 Faro Technologies
14.2.1 Company Overview
14.2.2 Financial
14.2.3 Products/ Services Offered
14.2.4 SWOT Analysis
14.2.5 The SNS View
14.3 Carl Zeiss
14.3.1 Company Overview
14.3.2 Financial
14.3.3 Products/ Services Offered
14.3.4 SWOT Analysis
14.3.5 The SNS View
14.4 Jenoptik
14.4.1 Company Overview
14.4.2 Financial
14.4.3 Products/ Services Offered
14.4.4 SWOT Analysis
14.4.5 The SNS View
14.5 LMI Technologies
14.5.1 Company Overview
14.5.2 Financial
14.5.3 Products/ Services Offered
14.5.4 SWOT Analysis
14.5.5 The SNS View
14.6 AMETEK
14.6.1 Company Overview
14.6.2 Financial
14.6.3 Products/ Services Offered
14.6.4 SWOT Analysis
14.6.5 The SNS View
14.7 ABB Ltd
14.7.1 Company Overview
14.7.2 Financial
14.7.3 Products/ Services Offered
14.7.4 SWOT Analysis
14.7.5 The SNS View
14.8 Nikon Metrology
14.8.1 Company Overview
14.8.2 Financial
14.8.3 Products/ Services Offered
14.8.4 SWOT Analysis
14.8.5 The SNS View
14.9 KLA Corporation
14.9.1 Company Overview
14.9.2 Financial
14.9.3 Products/ Services Offered
14.9.4 SWOT Analysis
14.9.5 The SNS View
14.10 Renishaw
14.10.1 Company Overview
14.10.2 Financial
14.10.3 Products/ Services Offered
14.10.4 SWOT Analysis
14.10.5 The SNS View
14.11 Mitutoyo Corporation
14.11.1 Company Overview
14.11.2 Financial
14.11.3 Products/ Services Offered
14.11.4 SWOT Analysis
14.11.5 The SNS View
14.12 Perceptron
14.12.1 Company Overview
14.12.2 Financial
14.12.3 Products/ Services Offered
14.12.4 SWOT Analysis
14.12.5 The SNS View
15. Competitive Landscape
15.1 Competitive Benchmarking
15.2 Market Share Analysis
15.3 Recent Developments
15.3.1 Industry News
15.3.2 Company News
15.3.3 Mergers & Acquisitions
16. Use Case and Best Practices
17. Conclusion
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