Industrial Metrology Market - By Offering (Hardware, Software, Services), By Equipment, By Application (Quality Control & Inspection, Reverse Engineering, Mapping & Modeling, Others), By End-User & Forecast, 2024 - 2032

Industrial Metrology Market - By Offering (Hardware, Software, Services), By Equipment, By Application (Quality Control & Inspection, Reverse Engineering, Mapping & Modeling, Others), By End-User & Forecast, 2024 - 2032

Global Industrial Metrology Market size will witness over 6% CAGR between 2024 and 2032, spurred by the convergence of rising events and innovative solutions from key players, serving as platforms for showcasing cutting-edge technologies to address the evolving industry needs. For instance, in January 2024, at the biennial IMTEX Forming 2024, industrial measurement frontrunner ZEISS Industrial Quality Solutions unveiled groundbreaking technologies crucial for precise surface quality inspection of BIW and sheet metal parts.

Several leading companies are also introducing advanced metrology solutions to enhance precision, efficiency, and quality control in industrial processes. To that end, the growing recognition of the critical role metrology plays in ensuring manufacturing excellence will drive the industry growth.

The overall market is classified into offering, equipment, application, end-user and region.

In terms of equipment, the industrial metrology industry from the coordinate measuring machine (CMM) segment will undergo significant development, by depicting over 5.5% CAGR from 2024 to 2032. These precision instruments play a crucial role in ensuring accuracy and quality control across various industries, from automotive to aerospace. With rising advancements in technology and automation, CMMs offer unparalleled precision and efficiency in dimensional measurement. With industries striving for greater productivity and quality assurance, the demand for CMMs will continue to rise as indispensable tools in modern manufacturing processes.

Based on application, the industrial metrology market revenue from the reverse engineering segment will register over 7.5% CAGR from 2024 to 2032. Several industries are increasingly relying on metrology solutions to accurately capture and analyze existing physical components for reproduction and enhancement purposes. Reverse engineering plays a pivotal role in product development, quality control, and innovation across various sectors, including automotive, aerospace, and consumer electronics. The growing focus of companies on improving product design and efficiency will also drive the demand for advanced metrology technologies tailored for reverse engineering applications.

North America industrial metrology market size will showcase a 6.2% CAGR from 2024 to 2032. Rapid technological advancements, particularly in sectors like automotive, aerospace, and manufacturing are fostering the need for precise measurement solutions. Moreover, stringent quality standards and regulations are compelling industries to invest in advanced metrology tools for quality control and assurance. The rising emphasis by companies on operational excellence and competitiveness will further push the demand for industrial metrology solutions in the region. For instance, in November 2023, Aeva, a North America advanced sensing and perception prominent provider, disclosed a significant production victory alongside optical technology leader Nikon Corporation to offer its cutting-edge LiDAR-on-Chip technology to integrate into the latter’s offerings for industrial metrology and quality assurance applications.