Industrial Metrology Market - Size, Share, Industry Trends, and Forecasts (2024 - 2031)

By Offering:

Based on the offerings, the market is segmented into hardware, software, and services.

Trends in the offering: 

• The industrial metrology market is driven by factors such as increased hardware adoption for quality control.
• There is an increasing trend toward metrology software adoption in the market as companies are gradually focusing on improvements to minimize defects and errors in the assembly line.

The hardware offering accounted for the largest revenue of 53.88% in the industrial metrology market share in the year 2023.

• Hardware offerings include micrometers, Vernier’s and coordinate measuring machines, computing devices, and others. These offerings are provided by technology companies as part of a broader infrastructure solution.
• Hardware metrology components offer benefits such as performance, reliability, security, and various others.
• In December 2022, Witte introduced a rotary plate with a scale and Vernier grid to its ALUFIX modular fixturing system, allowing faster and more precise workpiece alignment.
• Thus, the advancements in vernier’s, coordinate measuring machines and various other hardware offerings are driving the industrial metrology market trends.

The software offering is anticipated to register the fastest CAGR during the forecast period.

• Software offerings include displaying, monitoring, controlling, and reporting aspects of the measuring process. Key benefits include improved operational efficiency, enhanced precision and accuracy, data interpretation and presentation, cost efficiency, and others.
• Moreover, metrology helps in the design process by ensuring items are created within standard margins of error. It also helps in the validation of products and testing solutions, ensuring they meet the required standards and specifications. 
• In September 2024, Hexagon introduced the new Leica Absolute Tracker ATS800 combines laser tracking and radar functionality, speeding up large-scale manufacturing inspections.
• Therefore, the rising development of industrial metrology solutions along with advanced software technology is anticipated to boost the market during the forecast period.

By Equipment:

Based on the equipment, the market is segmented into coordinate measuring machines (CMM), optical digitizers and scanners (ODS), measuring instruments, x-ray and computed tomography, automated optical inspection, form measurement equipment, and 2D equipment.

Trends in the equipment:

• The equipment segment is driven by factors such as increased prioritization of quality and precision control in manufacturing processes using metrology equipment.
• There is a rising growth in non-contact metrology equipment such as optical scanners and digitizers which are used for obtaining coordinate points.

The optical digitizer and scanner (ODS) accounted for the largest revenue of industrial metrology market share in the year 2023.

• Optical digitizer and scanner (ODS) converts images, documents, and objects into digital records. Benefits include efficiency, and accuracy in healthcare, engineering, and various other sectors.
• Optical scanning applications include patient diagnosis, laboratory data, and others. It offers an efficient way to help enter information for later use in medical data analysis and retrieving important details.
• In December 2022, Revopoint launched the POP 3 PLUS 3D scanner, with 20% improved accuracy over the POP 3 with enhanced precision, upgraded algorithms, and new optical zoom, which ensures fast and more detailed scans.
• Thus, the advancement in digitizers and scanners for analysis purposes is driving the industrial metrology market trends.

The coordinate measuring machine (CMM) is anticipated to register the fastest CAGR during the forecast period.

• Coordinate Measuring Machine measures the geometry of physical objects by sensing discrete points of the physical object. The benefits of CMM include the measurement of 3D objects that are difficult to measure with high accuracy. It is often used in aircraft for testing and inspection applications.
• In February 2024, LK Metrology launched the new ALTERA C HA ultra-high accuracy CMM with reduced cost and tight tolerances.
• Therefore, the growing adoption of coordinate measuring machines along with growing advancements in precision measurement technology are expected to drive the industrial metrology market expansion during the forecast period.

By Application:

Based on the application, the market is segmented into quality control and inspection, reverse engineering, mapping and modeling, and others.

Trends in the application: 

• There is a rising trend of advanced 3D scanning technologies which are used for scanning and inspection.
• Integration of IoT in metrology for real-time analysis and operations for data collection and improved operational efficiency.

Quality control and inspection accounted for the largest revenue share in the year 2023.

• Quality control and inspection play a crucial role as any incorrect measurement leads the degraded product quality. It helps products meet accurate specifications to create quality parts.
• The aerospace sector often requires crucial quality control and inspection processes in the alignment of airframe assembly, structural components, calibration of tooling, engine turbine, and landing gear among others.
• In November 2023, ZEISS Industrial Quality Solutions launched ZEISS INSPECT 3D metrology software with improved evaluation of functions and fast data acquisition, which ensures enhanced 3D measurement.
• Hence, the rising innovations in quality control equipment are driving the industrial metrology market size.

The reverse engineering is anticipated to register the fastest CAGR during the forecast period.

• The process of creating a data model from a script and a database is reverse engineering. The modeling tool helps to generate a visual diagram of chosen database objects, illustrating the connections and relationships between them. It helps to solve problems with existing products.
• Applications of reverse engineering include part replacement, part service and repair, failure prediction, parts improvement, diagnosis, and problem-solving.
• For instance, in August 2022, FARO introduced RevEng 2022 software, offering enhanced 3D scanning and reverse engineering capabilities for improved precision and efficiency in complex designs.
• Thus, as per the industrial metrology market analysis, the growing advancement in reverse engineering is anticipated to boost the market growth during the forecast period.

By End-User:

Based on the end user the market is segmented into aerospace and defense, automotive, semiconductor, manufacturing, and other.

Trends in the end user:

• Rising use of industry metrology solutions in automotive sectors such as 3D scanning, optical inspection, and others for quality control.
• Increasing demand for real-time data analysis and data processing in the aerospace and defense sector due to their functional requirements.

The automotive segment accounted for the largest revenue share in 2023, and it is anticipated to register the fastest CAGR during the forecast period.

• In the automotive sector, metrology is applied in design, prototyping, production, quality assurance and others. It offers conformity of design specifications and production efficiencies. Key benefits include quality control, safety, and cost efficiency.
• The measurements of components during the production stage with the help of 3D scanning and CAD/CAM software technology ensures quality standards.
• In April 2024, Cognex Corporation launched the In-Sight L38 3D Vision System, a combination of AI, 2D, and 3D vision technologies to improve inspection in assembly lines in automotive factories.
• Thus, the rising demand for safety and quality assurance in the automotive sector is driving the industrial metrology market demand.