Industrial Metrology Market

The Industrial Metrology Global Market Report 2023, provides comprehensive information on the industrial metrology market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Industrial Metrology Global Market Report 2023, the global industrial metrology market size is expected to grow from $9.60 billion in 2022 to $10.37 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global industrial metrology market is expected to grow to $13.87 billion in 2027 at a CAGR of 7.5%.

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Product innovations have emerged as the key trend gaining popularity in the industrial metrology market. Major companies operating in the industrial metrology market are developing innovative products to strengthen their position in the market. For instance, in March 2022, Keyence, a Japan-based developer and manufacturer of automation sensors, vision systems, barcode readers, laser markers, measuring instruments, and digital microscopes, launched the LM Series, a high-accuracy instant measurement system. Distinctive features of the LM Series include the automated inspection system that can take measurements with +/- 0.7 µm precision and +/- 0.1 µm repeatability at the touch of a button. Additionally, it automatically compiles comprehensive inspection reports and records measurement data. The device delivers speed because fewer images are needed than with other systems because of the fast stage movement and wide field of view.

The industrial metrology market is segmented:

1) By Offering: Hardware, Software, Services

2) By Equipment: Coordinate Measuring Machine (CMM), Optical Digitizer and Scanner (ODS), Measuring Instruments, X-ray and Computed Tomography, Automated Optical Inspection, Form Measurement Equipment, 2D Equipment

3) By Application: Quality Control and Inspection, Reverse Engineering, Mapping and Modeling, Other Applications

4) By End-User Industry: Aerospace and Defense, Automotive, Semiconductor, Manufacturing, Other End-User Industries

North America  was the largest region in the industrial metrology market in 2022.

The table of contents in TBRC’s industrial metrology market report includes:

  1. Executive Summary
  2. Industrial Metrology Market Characteristics
  3. Industrial Metrology Market Trends And Strategies
  4. Industrial Metrology Market – Macro Economic Scenario
  5. Industrial Metrology Market Size And Growth

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  1. Africa Industrial Metrology Market
  2. Industrial Metrology Market Competitive Landscape And Company Profiles
  3. Key Mergers And Acquisitions In The Industrial Metrology Market
  4. Industrial Metrology Market Future Outlook and Potential Analysis
  5. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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