Measuring Instrument Market Report 2026

The measuring instrument market size has grown strongly in recent years. It will grow from $56.63 billion in 2025 to $61.56 billion in 2026 at a compound annual growth rate (CAGR) of 8.7%. The growth in the historic period can be attributed to industrial quality control needs, growth of manufacturing, laboratory testing demand, standardization requirements, research and development activities.

The measuring instrument market size is expected to see strong growth in the next few years. It will grow to $84.94 billion in 2030 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to automation in inspection processes, expansion of smart factories, demand for traceable measurements, growth of electronics manufacturing, precision engineering adoption. Major trends in the forecast period include adoption of digital measuring instruments, integration with data logging systems, demand for high precision tools, growth of calibration services, expansion of optical measurement technologies.

The growing adoption of automation is expected to drive the growth of the measuring instruments market in the coming years. Automation involves the use of technologies such as robotics, AI, and IoT to perform tasks with minimal human intervention, enhancing efficiency, accuracy, and repeatability in industrial processes. This adoption is primarily fueled by the need for higher operational efficiency and cost reduction, as automated systems can complete repetitive tasks faster, more accurately, and at lower long-term costs than manual labor. Measuring instruments support automation by providing precise real-time data, enabling systems to monitor, control, and optimize processes with minimal human involvement. For example, in September 2025, according to the International Federation of Robotics, a Germany-based non-profit research and industry association, the total number of industrial robots in operational use worldwide reached 4,664,000 units in 2024, reflecting a 9% increase compared with the previous year, with approximately 542,000 industrial robots newly installed globally in 2024. Hence, the increasing adoption of automation is fueling the growth of the measuring instruments market.

Leading companies in the measuring instrument market are advancing technologies such as microcurrent measurement to improve precision and detect extremely low electrical currents. Microcurrent measurement technology enables the accurate detection of very weak electrical signals, which is essential for applications like biomedical devices, semiconductor testing, and environmental sensors. For instance, in June 2024, Advantest Corporation, a Japan-based semiconductor testing equipment manufacturer, introduced the WEL2100, a new model in its nanoSCOUTER particle measuring line that utilizes microcurrent measurement technology. This instrument can rapidly and precisely measure the number, size, and zeta potential of particles as small as under 30 nm. With a minimum pore diameter of 50 nm, it delivers high-precision, low-noise measurements without needing calibration before each use.

In July 2023, KKR & Co. Inc., a US-based investment management firm, acquired Industrial Physics for an undisclosed sum. This acquisition allows KKR & Co. Inc. to meet its investment goals, allocate capital to the equipment testing sector, and diversify its investment portfolio further. Industrial Physics is a US-based manufacturer specializing in test, measurement, and inspection equipment.

Major companies operating in the measuring instrument market are Thermo Fisher Scientific Inc., Schneider Electric SE, Honeywell International Inc., ABB Ltd., Emerson Electric Co., Hilti Corporation, Tektronix Inc., Agilent Technologies, Ametek Inc., Fortive Corporation, Makita Corporation, Keysight Technologies, Siemens AG, Mettler-Toledo International Inc., Yokogawa Electric Corporation, Rohde & Schwarz GmbH & Co KG, HIOKI E.E. Corporation, Horiba Ltd., National Instruments Corporation, Spectris plc.

Asia-Pacific was the largest region in the measuring instrument market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the measuring instrument market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the measuring instrument market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The measuring instrument market consists of sales of pressure gauges, temperature sensors, thermometers, flow meters, level sensors, humidity meters, multimeters, oscilloscopes, voltage testers, spectrometers, chromatographs, pH meters, calipers, and micrometers. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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