Global Industrial Metrology Market to Reach USD 19,127.67 Million by 2031 | CAGR of 6.7%

Based on offering, the market is segmented into Hardware, Software, and Services.

• The hardware segment accounted for the largest market share of 53.88% in 2023, driven by the adoption of advanced micrometers, Vernier tools, and coordinate measuring machines for quality control applications.
• The software segment is expected to grow at the fastest CAGR during the forecast period, supported by rising demand for operational efficiency, enhanced precision, and improved data analytics in manufacturing.

Based on equipment, the market is segmented into Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Measuring Instruments, X-rays and Computed Tomography, Automated Optical Inspection, Form Measurement Equipment, and 2D Equipment.

• The optical digitizer and scanner (ODS) segment dominated the market in 2023, driven by its efficiency and accuracy in sectors like healthcare and engineering for precise data collection.
• The coordinate measuring machine (CMM) segment is anticipated to grow at the fastest rate, driven by its ability to measure complex 3D objects with high accuracy.

Based on application, the market is segmented into Quality Control and Inspection, Reverse Engineering, Mapping and Modelling, and Others.

• The quality control and inspection segment held the largest market share in 2023, attributed to its critical role in maintaining product accuracy and adherence to specifications across industries like aerospace and automotive.
• The reverse engineering segment is projected to register the fastest CAGR, fueled by its applications in part replacement, diagnosis, and complex problem-solving.

Based on end-user, the market is segmented into Aerospace and Defense, Automotive, Semiconductor, Manufacturing, and Others.

• The automotive segment dominated the market in 2023 and is expected to grow at the fastest rate during the forecast period, driven by the adoption of metrology solutions for design, prototyping, and quality assurance in manufacturing.

Based on regions, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.

• Asia-Pacific: Accounted for the largest share in 2023, with China contributing 33.9% of the regional revenue. Growth is fueled by the rising need for quality control and inspection in the automotive and manufacturing sectors.
• North America: Anticipated to grow significantly due to advancements in aerospace and semiconductor manufacturing, supported by strong demand for quality assurance technologies.