Industrial Metrology Market by Offering, Product, Application (Reverse Engineering, Quality & Inspection, Mapping & Modelling), Industry (Aerospace & Defense, Automotive, Precision Manufacturing, Consumer), and Geography - Global Forecast to 2023

  • ID: 4531921
  • Report
  • Region: Global
  • 140 Pages
  • Markets and Markets
1 of 4

FEATURED COMPANIES

  • Applied Materials
  • Cairnhill Metrology
  • Creaform
  • Hexagon
  • Nikon Metrology
  • Precision Products
  • MORE

“The growing demand for inspection services from precision manufacturing drives the growth of the industrial metrology market”

The industrial metrology market is expected to grow from USD 9.62 billion in 2018 to USD 12.97 billion by 2023, at a CAGR of 6.2% between 2018 and 2023. The growing big data analytics market and increasing demand for inspection services from the precision manufacturing drive the growth of industrial metrology market. Moreover, increasing focus on quality control in various industries also contributes to the growth of this market. However, the high cost of setting up metrology facility and lack of expertise needed for efficient handling of metrological systems limit the growth of this market.

“The quality control and inspection application holds the largest share of the industrial metrology market”

Quality control is an integral part of production process as it helps in the smooth functioning of the production, without incurring any extra cost. Under this application, metrological systems are used for alignment, CAD-based inspection, dimensional analysis, and machine calibration, among others. Manufacturers adopt a robust inspection process to control quality. Manufacturers use metrology for accurate scanning and inspection analysis to derive corrective action without slowing down the production.

“The automotive industry holds the largest share of the industrial metrology market”

In the automotive industry, metrological methods are required for inspection, measurement, and quality check of various components. The automotive industry has been increasingly using optical measurement systems and coordinates measuring machines (CMM), instead of conventional strain gauges, accelerometers, transducers, and extensometers for improving the safety and comfort level of vehicles. Scanning accurately captures freeform surfaces by acquiring thousands of measuring points per second without touching the prototype.

“APAC to hold the largest share of the industrial metrology market”

The growth of the market in APAC is attributed to the growing automotive and manufacturing plants in this region. Moreover, large funding from governments of various APAC countries in research and development, and extensive industrial base are the major contributors to the industrial metrology market in APAC, with China, South Korea, and Japan being the major countries contributing to the growth. Also, continuous technological advancements propel the growth of this market.

The breakup of the profile of primary participants has been given below:

  • By Company Type: Tier 1 = 33 %, Tier 2 = 45%, and Tier 3 = 22%
  • By Designation: C-level Executives = 33%, Directors = 25%, and Others = 42%
  • By Region: North America = 35%, Europe = 29%, APAC = 24%, and RoW = 12%

The major players in the industrial metrology market include Hexagon (Sweden), FARO Technologies (US), Nikon Metrology (Belgium), Carl Zeiss Optotechnik (Germany), Jenoptik (Germany), GOM (Germany), and Creaform (Canada). Other prominent players are Renishaw (UK), KLA–Tencor (US), Applied Materials (US), Perceptron (US), GoM (Germany), Automated Precision (US), JLM Advanced Technical Services (US), Precision Products (US), CARMAR ACCURACY (Taiwan), Pollen Metrology (France), and Cairnhill Metrology (Singapore).

Research Coverage:

The industrial metrology market has been segmented on the basis of offering, equipment, application, end-user industry, and geography. The market based on offering has been further segmented into hardware, software, services, and solutions. On the basis of equipment, the industrial metrology market has been segmented into coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instrument, X-ray and computed tomography, automated optical inspection (AOI), and 2D equipment. On the basis of application, the market has been segmented into reverse engineering, quality control and inspection, mapping and modeling, and other application. The industrial metrology market based on end-user industry has been segmented into aerospace and defense, automotive, manufacturing, semiconductor, and others. On the basis of geography, the market has been segmented into the Americas, Europe, APAC, and RoW.

Reasons to Buy the Report:

The report would help the market leaders/new entrants in this market in the following ways:

  • This report comprehensively segments the industrial metrology market and provides the closest approximations of the sizes of the overall market and subsegments for different applications and across various regions.
  • The report helps stakeholders understand the pulse of the market and provides them information on key growth drivers, restraints, challenges, and opportunities for the market.
READ MORE
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • Applied Materials
  • Cairnhill Metrology
  • Creaform
  • Hexagon
  • Nikon Metrology
  • Precision Products
  • MORE

1 Introduction
1.1 Objectives of Study
1.2 Definition
1.3 Scope of Study
1.3.1 Markets Covered
1.3.2 Years Considered for Study
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Breakdown of Primaries
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Data Triangulation
2.4 Research Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Market Opportunities in Industrial Metrology Market
4.2 Industrial Metrology Market, By Offering
4.3 Industrial Metrology Market, By Equipment
4.4 Industrial Metrology Market, By Application
4.5 Industrial Metrology Market, By Equipment and End–User Industry
4.6 US to Hold Largest Share of Industrial Metrology Market (2018)

5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Big Data Analytics Market
5.2.1.2 Growing Demand for Inspection Services From the Precision Manufacturing Industry
5.2.1.3 Increasing Focus on Quality Control in Various Industries
5.2.1.4 The Inability of Traditional Measurement Devices to Address Several Manufacturing-Related Issues
5.2.2 Restraints
5.2.2.1 High Cost of Setting Up Metrology Facility
5.2.2.2 Lack of Expertise Needed for Efficient Handling of Metrological Systems
5.2.3 Opportunities
5.2.3.1 Adoption of Cloud Services to Integrate the Metrological Data
5.2.4 Challenges
5.2.4.1 Integrating In-Line Inspection With Current Manufacturing Processes

6 Industrial Metrology Market, By Offering
6.1 Introduction
6.2 Hardware
6.3 Software
6.4 Solutions
6.5 Services
6.5.1 After-Sales Services
6.5.2 Measurement Services

7 Industrial Metrology Market, By Equipment
7.1 Introduction
7.2 Coordinate Measuring Machine (CMM)
7.2.1 Fixed CMM
7.2.1.1 Bridge CMM
7.2.1.2 Gantry CMM
7.2.1.3 Horizontal Arm CMM
7.2.1.4 Cantilever CMM
7.2.2 Portable CMM
7.2.2.1 Articulated Arm CMM
7.3 Optical Digitizer and Scanner (ODS)
7.3.1 Laser Scanner
7.3.2 Laser Tracker
7.4 Measuring Instruments
7.4.1 Measuring Microscope
7.4.2 Profile Projector
7.4.3 Autocollimator
7.5 X-Ray and Computed Tomography
7.6 Automated Optical Inspection
7.7 2D Equipment

8 Industrial Metrology Market, By Application
8.1 Introduction
8.2 Quality Control and Inspection
8.3 Reverse Engineering
8.4 Mapping and Modeling
8.5 Other Applications

9 Industrial Metrology Market, By End-User Industry
9.1 Introduction
9.2 Aerospace and Defense
9.3 Automotive
9.4 Semiconductor
9.5 Manufacturing
9.6 Others

10 Geographic Analysis
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 Rest of Europe
10.4 Asia Pacific (APAC)
10.4.1 China
10.4.2 Japan
10.4.3 South Korea
10.4.4 India
10.4.5 Rest of APAC
10.5 Rest of the World (RoW)
10.5.1 Middle East and Africa
10.5.2 South America

11 Competitive Landscape
11.1 Overview
11.2 Key Players in Industrial Metrology Market
11.3 Key Strategies Adopted By Companies in Industrial Metrology Market
11.3.1 Product Launches & Developments
11.3.2 Partnerships, Contracts, Agreements, & Collaborations
11.3.3 Mergers & Acquisitions

12 Company Profiles
12.1 Key Players
12.1.1 Hexagon
12.1.2 Faro Technologies
12.1.3 Nikon Metrology
12.1.4 Carl Zeiss
12.1.5 Jenoptik
12.1.6 Creaform
12.1.7 Renishaw
12.1.8 KLA-Tencor
12.1.9 Applied Materials
12.1.10 Perceptron
12.1.11 GOM
12.1.12 Automated Precision
12.2 Other Players
12.2.1 JLM Advanced Technical Services
12.2.2 Precision Products
12.2.3 Carmar Accuracy
12.2.4 Pollen Metrology
12.2.5 Cairnhill Metrology
12.2.6 Att Metrology Services
12.2.7 Trimet Group

13 Appendix
13.1 Insights From Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store
13.4 Introducing RT: Real-Time Market Intelligence
13.5 Available Customization
13.6 Related Reports
13.7 Author Details

List of Tables:
Table 1 Industrial Metrology Market, By Offering, 2015–2023 (USD Million)
Table 2 Industrial Metrology Market for Services, By Service Type, 2015–2023 (USD Million)
Table 3 Industrial Metrology Market, By Equipment, 2015–2023 (USD Million)
Table 4 Industrial Metrology Market, By Equipment, 2015–2023 (Units)
Table 5 Industrial Metrology Market for CMM, By Type, 2015–2023 (USD Million)
Table 6 Industrial Metrology Market for CMM, By End-User Industry, 2015–2023 (USD Million)
Table 7 Industrial Metrology Market for CMM, By Region, 2015–2023 (USD Million)
Table 8 Industrial Metrology Market for ODS, By Type, 2015–2023 (USD Million)
Table 9 Industrial Metrology Market for ODS, By End-User Industry, 2015–2023 (USD Million)
Table 10 Industrial Metrology Market for ODS, By Region, 2015–2023 (USD Million)
Table 11 Industrial Metrology Market for Measuring Instrument, By Type, 2015–2023 (USD Million)
Table 12 Industrial Metrology Market for Measuring Instruments, By End-User Industry, 2015–2023 (USD Million)
Table 13 Industrial Metrology Market for Measuring Instruments, By Region, 2015–2023 (USD Million)
Table 14 Industrial Metrology Market for X-Ray and Computed Tomography, By End-User Industry, 2015–2023 (USD Million)
Table 15 Industrial Metrology Market for X-Ray and Computed Tomography, By Region, 2015–2023 (USD Million)
Table 16 Industrial Metrology Market for Automated Optical Inspection, By End-User Industry, 2015–2023 (USD Million)
Table 17 Industrial Metrology Market for Automated Optical Inspection, By Region, 2015–2023 (USD Million)
Table 18 Industrial Metrology Market for 2D Equipment, By Type, 2015–2023 (USD Million)
Table 19 Industrial Metrology Market for 2D Equipment, By End-User Industry, 2015–2023 (USD Million)
Table 20 Industrial Metrology Market for 2D Equipment, By Region, 2015–2023 (USD Million)
Table 21 Industrial Metrology Market, By Application, 2015–2023 (USD Million)
Table 22 Industrial Metrology Market for Quality Control and Inspection, By End-User Industry, 2015–2023 (USD Million)
Table 23 Industrial Metrology Market for Reverse Engineering, By End-User Industry, 2015–2023 (USD Million)
Table 24 Industrial Metrology Market for Mapping and Modeling, By End-User Industry, 2015–2023 (USD Million)
Table 25 Industrial Metrology Market for Other Applications, By End-User Industry, 2015–2023 (USD Million)
Table 26 Industrial Metrology Market, By End-User Industry, 2015–2023 (USD Million)
Table 27 Industrial Metrology Market for Aerospace and Defense, By Equipment, 2015–2023 (USD Million)
Table 28 Industrial Metrology Market for Aerospace and Defense, By Application, 2015–2023 (USD Million)
Table 29 Industrial Metrology Market for Aerospace and Defense, By Region, 2015–2023 (USD Million)
Table 30 Industrial Metrology Market for Automotive, By Equipment, 2015–2023 (USD Million)
Table 31 Industrial Metrology Market for Automotive Industry, By Application, 2015–2023 (USD Million)
Table 32 Industrial Metrology Market for Automotive, By Region, 2015–2023 (USD Million)
Table 33 Industrial Metrology Market for Semiconductor, By Equipment, 2015–2023 (USD Million)
Table 34 Industrial Metrology Market for Semiconductor, By Application, 2015–2023 (USD Million)
Table 35 Industrial Metrology Market for Semiconductor, By Region, 2015–2023 (USD Million)
Table 36 Industrial Metrology Market for Manufacturing, By Equipment, 2015–2023 (USD Million)
Table 37 Industrial Metrology Market for Manufacturing, By Application, 2015–2023 (USD Million)
Table 38 Industrial Metrology Market for Manufacturing, By Region, 2015–2023 (USD Million)
Table 39 Industrial Metrology Market for Others, By Product, 2015–2023 (USD Million)
Table 40 Industrial Metrology Market for Others, By Application, 2015–2023 (USD Million)
Table 41 Industrial Metrology Market for Others, By Region, 2015–2023 (USD Million)
Table 42 Industrial Metrology Market, By Region, 2015–2023 (USD Million)
Table 43 North America Industrial Metrology Market, By Country, 2015–2023 (USD Million)
Table 44 Industrial Metrology Market in North America, By End-User Industry, 2015–2023 (USD Million)
Table 45 Industrial Metrology Market in North America for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 46 Industrial Metrology Market in North America for Automotive, By Country, 2015–2023 (USD Million)
Table 47 Industrial Metrology Market in North America for Manufacturing, By Country, 2015–2023 (USD Million)
Table 48 Industrial Metrology Market in North America for Semiconductor, By Country, 2015–2023 (USD Million)
Table 49 Industrial Metrology Market in North America for Others, By Country, 2015–2023 (USD Million)
Table 50 Industrial Metrology Market in Europe, By Country, 2015–2023 (USD Million)
Table 51 Industrial Metrology Market in Europe, By End-User Industry, 2015–2023 (USD Million)
Table 52 Industrial Metrology Market in Europe for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 53 Industrial Metrology Market in Europe for Automotive, By Country, 2015–2023 (USD Million)
Table 54 Industrial Metrology Market in Europe for Manufacturing, By Country, 2015–2023 (USD Million)
Table 55 Industrial Metrology Market in Europe for Semiconductor, By Country, 2015–2023 (USD Million)
Table 56 Industrial Metrology Market in Europe for Others, By Country, 2015–2023 (USD Million)
Table 57 Industrial Metrology Market in APAC, By Country, 2015–2023 (USD Million)
Table 58 Industrial Metrology Market in APAC, By End-User Industry, 2015–2023 (USD Million)
Table 59 Industrial Metrology Market for in APAC for Aerospace & Defense, By Country, 2015–2023 (USD Million)
Table 60 Industrial Metrology Market in APAC for Automotive, By Country, 2015–2023 (USD Million)
Table 61 Industrial Metrology Market in APAC for Manufacturing, By Country, 2015–2023 (USD Million)
Table 62 Industrial Metrology Market in APAC for Semiconductor, By Country, 2015–2023 (USD Million)
Table 63 Industrial Metrology Market in APAC for Others, By Country, 2015–2023 (USD Million)
Table 64 Industrial Metrology Market in RoW, By Region, 2015–2023 (USD Million)
Table 65 Industrial Metrology Market in RoW, By End-User Industry, 2015–2023 (USD Million)
Table 66 Industrial Metrology Market in RoW for Aerospace and Defense, By Country, 2015–2023 (USD Million)
Table 67 Industrial Metrology Market in RoW for Automotive, By Country, 2015–2023 (USD Million)
Table 68 Industrial Metrology Market in RoW for Manufacturing, By Country, 2015–2023 (USD Million)
Table 69 Industrial Metrology Market in RoW for Semiconductor, By Country, 2015–2023 (USD Million)
Table 70 Industrial Metrology Market in RoW for Other Industries, By Country, 2015–2023 (USD Million)
Table 71 Ranking Analysis of Top 5 Companies in Industrial Metrology Market, 2017
Table 72 Product Launches and Developments, 2016–2017
Table 73 Partnerships, Agreements, Collaborations, Contracts, and Joint Ventures, 2015–2017
Table 74 Mergers and Acquisitions, 2015–2017

List of Figures:
Figure 1 Industrial Metrology Market
Figure 2 Industrial Metrology Market: Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Data Triangulation
Figure 5 Industrial Metrology Market, By Offering, 2018–2023
Figure 6 Industrial Metrology Market, By Equipment, 2018 vs 2023
Figure 7 Industrial Metrology Market, By Application, 2018–2023
Figure 8 Industrial Metrology Market, By End-User Industry, 2018–2023
Figure 9 Industrial Metrology Market, By Region, 2018
Figure 10 Industrial Metrology Market Expected to Grow at Steady Rate Between 2018 and 2023
Figure 11 Hardware to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 12 CMM to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 13 Quality Control and Inspection Expected to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 14 CMM to Hold Largest Share of Industrial Metrology Market for Equipment By 2018
Figure 15 Industrial Metrology Market in China Expected to Grow at High CAGR Between 2018 and 2023
Figure 16 Industrial Metrology: Market Dynamics
Figure 17 Big Data Analytics Market: 2016–2023
Figure 18 Hardware Expected to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 19 Industrial Metrology Market for CMM to Grow at Highest CAGR Between 2018 and 2023
Figure 20 ODS Market for Automotive Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 21 X-Ray and Computed Tomography Market for Aerospace and Defense Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 22 Industrial Metrology Market for Quality Control to Grow at Highest CAGR Between 2018 and 2023
Figure 23 Industrial Metrology Market for Mapping and Modeling for Aerospace and Defense to Grow at Highest CAGR Between 2018 and 2023
Figure 24 Automotive Industry to Hold Largest Size of Industrial Metrology Market Between 2018 and 2023
Figure 25 Quality Control and Inspection to Dominate Industrial Metrology Market for Automotive Industry Between 2018 and 2023
Figure 26 Industrial Metrology Market for Manufacturing Industry for Quality Control and Inspection to Grow at Highest CAGR Between 2018 and 2023
Figure 27 Geographic Analysis: Industrial Metrology Market (2018–2023)
Figure 28 Snapshot: Industrial Metrology Market in North America
Figure 29 US to Hold Largest Size of Industrial Metrology Market for Semiconductor Industry Between 2018 and 2023
Figure 30 Snapshot: Industrial Metrology Market in Europe
Figure 31 Industrial Metrology Market in Europe for Automotive Industry to Grow at Highest CAGR Between 2018 and 2023
Figure 32 Germany to Hold Largest Share of Industrial Metrology Market in Europe for Other Industries Between 2018 and 2023
Figure 33 Snapshot: Industrial Metrology Market in APAC
Figure 34 Industrial Metrology Market in China for Automotive Industry Grow at Highest CAGR Between 2018 and 2023
Figure 35 South America to Hold Larger Share of Industrial Metrology Market in RoW for Semiconductor Industry Between 2018 and 2023
Figure 36 Top Companies Adopted Partnership, Agreement, Contract, and Collaboration as Key Growth Strategies Between 2015 and 2017
Figure 37 Hexagon: Company Snapshot
Figure 38 Faro Technologies: Company Snapshot
Figure 39 Carl Zeiss: Company Snapshot
Figure 40 Jenoptik: Company Snapshot
Figure 41 Renishaw: Company Snapshot
Figure 42 KLA–Tencor: Company Snapshot (2017)
Figure 43 Applied Materials: Company Snapshot (2017)
Figure 44 Perceptron: Company Snapshot

Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • Applied Materials
  • Cairnhill Metrology
  • Creaform
  • Hexagon
  • Nikon Metrology
  • Precision Products
  • MORE

According to the new market research report on the industrial metrology market, the market is expected to reach USD 12.97 Billion by 2023 from USD 9.62 Billion in 2017, at a CAGR of 6.2% during the forecast period. The growing big data analytics market and increasing demand for inspection services from the precision manufacturing drives the growth of industrial metrology market. Moreover, the increasing focus on quality control in various industries also contributes to the growth of this market.

This report segments the industrial metrology market on the basis of offering, equipment, application, end-user industry, and geography. On the basis of offering, the market has been further segmented into hardware, software, services, and solutions. The large market size of the hardware can be attributed to the increasing adoption of industrial metrology equipment in industries such as aerospace and defense, automotive, and manufacturing to maintain product quality.

The industrial metrology market based on equipment has been segmented into coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instrument, X-ray and computed tomography, automated optical inspection (AOI), 2D equipment. CMM is expected to hold the largest share of the industrial metrology market. The rising need for precision dimensional analysis and validating geometric accuracy in the manufacturing, automotive, aerospace, and military industries contribute to the largest share of the market for CMM. 2D equipment is expected to hold the second-largest size of the industrial metrology market after CMM during the forecast period.

The industrial metrology market, on the basis of application, has been segmented into quality control and inspection, reverse engineering, mapping and modeling, and others. The quality control and inspection application accounted for the largest share of the industrial metrology market in 2017. Industries such as automotive and aerospace face increasing demand for intense quality control and inspection; not meeting quality standards can hamper their reputation and, ultimately, their brand and business. Thus, these industries are prominently adopting industrial metrology for quality control and inspection application.

The industrial metrology market for the automotive industry is expected to grow at the highest CAGR between 2018 and 2023. The shift in preference from off-line quality inspection to near-line or in-line measurement techniques, enabling higher sampling rates and shorter inspection times, drives the growth of the industrial metrology market for the automotive industry. Moreover, the growing demand for automobiles in developing countries, such as India and China, is expected to fuel the growth of industrial metrology market in the near future.

Note: Product cover images may vary from those shown
5 of 4
  • Hexagon
  • Faro Technologies
  • Nikon Metrology
  • Carl Zeiss
  • Jenoptik
  • Creaform
  • Renishaw
  • KLA-Tencor
  • Applied Materials
  • Perceptron
  • GOM
  • Automated Precision
  • JLM Advanced Technical Services
  • Precision Products
  • Carmar Accuracy
  • Pollen Metrology
  • Cairnhill Metrology
  • Att Metrology Services
  • Trimet Group
Note: Product cover images may vary from those shown
6 of 4
Note: Product cover images may vary from those shown
Adroll
adroll