Industrial Metrology Market Analysis

Industrial Metrology Market Analysis

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Based on equipment, the market is divided into coordinate measuring machine (CMM), optical digitizer and scanner (ODS), measuring instruments, x-ray and computed tomography, automated optical inspection, form measurement equipment, 2d equipment and others. The optical digitizer and scanner (ODS) segment is expected to register a CAGR of over 9% during the forecast period.

• In industrial metrology, the optical digitizer and scanner (ODS) segment encompasses a range of advanced measurement technologies used for precise and non-contact dimensional inspection and 3D scanning of objects in manufacturing environments. This segment plays a crucial role in ensuring the accuracy, quality, and compliance of manufactured components across various industries.

   

• The ODS segment caters to diverse applications such as reverse engineering, quality control, 3D modeling, and virtual reality. It enables manufacturers to capture detailed surface profiles, geometrical features, and complex shapes of objects with high accuracy and efficiency. By utilizing laser-based scanning, structured light scanning, photogrammetry, or white light scanning technologies, ODS systems provide comprehensive metrology solutions for dimensional analysis, defect detection, and process optimization.

Based on application, the market is divided into quality control & inspection, reverse engineering, mapping and modelling, others. The quality control & inspection segment dominated the global market with a share of over 45% in 2023.

• Quality control and inspection segment in the industrial metrology market is experiencing growth due to several factors. Increased focus on product quality and safety regulations across industries drives the demand for precise measurement solutions. Technological advancements, such as the integration of artificial intelligence and automation in metrology systems, enhance efficiency and accuracy in inspection processes.

   

• Additionally, the expansion of industries such as automotive, aerospace, and electronics, where high-precision components are crucial, further fuels the demand for advanced metrology solutions for quality assurance. Overall, the growing recognition of quality control as a strategic imperative for business success is propelling the expansion of the quality control and inspection segment in the market.

Asia Pacific region is projected to grow at the highest CAGR of over 7% during the forecast period. The industrial metrology market growth in Asia Pacific is credited to various factors. Firstly, the region is home to some of the world's largest manufacturing economies including China, Japan, South Korea, and India. The rapid industrialization and economic growth in these countries have increased the demand for high-precision measurement solutions to ensure product quality, efficiency, and competitiveness.

The automotive, electronics, aerospace, and healthcare industries in Asia Pacific are witnessing robust growth, spurring the adoption of advanced metrology technologies. These industries require precise measurement tools and inspection systems to meet stringent quality standards, comply with regulatory requirements, and address the growing demand for high-quality products. Technological advancements and innovations in metrology equipment and software are fueling market growth in the region. For Instance, In August 2021, Hexagon partnered with India's Central Manufacturing Technology Institute (CMTI) to establish a Smart Manufacturing Development and Demonstration Cell (SMDDC), an Industry 4.0 Centre of Excellence and Experience Centre, at the CMTI premises in Bengaluru, India.