Global Dimensional Metrology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dimensional Metrology Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Dimensional metrology is the science of calibrating and using physical measurement equipment to quantify the physical size of or distance from any given object. Modern measurement equipment includes hand tools, CMMs (coordinate-measuring machines), machine vision systems, laser trackers, and optical comparators. This equipment can also be integrated with software.

Market Overview:

The latest research study on the global Dimensional Metrology market finds that the global Dimensional Metrology market reached a value of USD 7035.89 million in 2022. It’s expected that the market will achieve USD 10370.92 million by 2028, exhibiting a CAGR of 6.68% during the forecast period.

In order to curb the COVID-19 epidemic, most countries have introduced many policies, including border blockade and social distancing. The epidemic prevention and control measures will affect the flow of people and activities, and in turn affect logistics, making the production of manufacturing, affected by the supply of raw materials and labor shortages.

For the Dimensional Metrology industry, the blockade policy will affect the supply of raw materials and export trade of products. The social distancing policy may have a great impact on the production of products, especially for some factories, they will spend more money to maintain production during the epidemic, and factories may face the risk of closure in some areas. With the gradual control of the epidemic, some factories began to resume operation. However, while operating production, enterprises need to protect the life and health of employees, such as purchasing masks, disinfectants and other epidemic prevention materials, disinfecting the working environment before and after the production, and testing the body temperature of employees every day to ensure the health of employees. These measures will increase the production cost of enterprises and affect the development of enterprises.

But in the long term, the COVID-19 outbreak may cause more factories to start using more automated production lines to avoid the pandemic's impact on the industry. In addition, the application of IoT technology may also bring more opportunities for industry participants.

The growing demand of downstream industry

Metrology is the science of high-precision measurement. It is the technology behind the quality assurance in the manufacturing process. Metrology enables automotive manufacturers to produce many identical parts of precision equipment, and helps to ensure the smooth and safe operation of automobiles. With the development of technology, the dimensional metrology equipment has undergone great changes in the past decade. End users want to minimize manufacturing errors and improve product quality to remain competitive. Accuracy is crucial in the vertical field of automotive, aerospace and defense equipment, and even minor defects can have fatal consequences. The growing demand of downstream industry will promote the development of Dimensional Metrology industry.

Increased security risks

Software connected to the Internet is facing an increasing risk of network attack, and in some cases, companies may be blackmailed and threatened. The rapid development of the Internet has brought about the digital age. The data needs to be saved in the account. The use of the Internet will pose a threat to the company's information security. Therefore, companies can use cloud-based software, which is more secure. Software needs to be continuously upgraded to solve the security problem.

Region Overview:

Geographically, Asia Pacific held the largest market share is 44.91% in 2022.

Company Overview:

Hexagon AB, Mitutoyo, KEYENCE Corp., Nikon Metrology and Renishaw are the five key players in the global Dimensional Metrology market. These companies have shown consistent growth in revenue, larger volumes of sales and a prominent presence in terms of share in the global Dimensional Metrology market in the past 5 years.

Hexagon AB

Hexagon AB is a publicly listed global information technology company specializing in hardware and software digital reality that was founded in 1992 and headquartered in Stockholm, Sweden. Hexagon is a global leader in digital reality solutions.

Mitutoyo

Since its establishment in 1934, Mitutoyo has been offering measuring tools such as micrometers and calipers, and system instrument products such as coordinate measuring instruments, form measurement instruments, and optical measuring instruments, to markets around the world under the motto of Quality First, and the company products have since then been in demand and used by customers everywhere.

Segmentation Overview:

By type, Equipment segment accounted for the largest share of market in 2022.

Equipment

Equipment include CMMs (coordinate-measuring machines), laser trackers, and optical comparators, etc.

Software

Dimensional metrology software is used to qualify parts, identify and fix problems and improve manufacturing processes.

Application Overview:

The market's largest segment by application is the segment Automotive, with a market share of 35.18% in 2022.

Automotive

Dimensional metrology can increase efficiency and quality of automotive components.

Aerospace and Defense

Dimensional metrology can increase efficiency and safety of highly specialized aircraft components.

Key Companies in the global Dimensional Metrology market covered in Chapter 3:

GOM (Zeiss)
Mahr Group
Metrologic Group
Renishaw
QVI
Innovmetric
Nikon Metrology
LS Starrett
Mitutoyo
Faro Technologies
KEYENCE Corp.
Perceptron
Creaform
Hexagon AB

In Chapter 4 and Chapter 14.2, on the basis of types, the Dimensional Metrology market from 2018 to 2029 is primarily split into:

Equipment
Software
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dimensional Metrology market from 2018 to 2029 covers:

Automotive
Aerospace and Defense
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)