Metrology Market Size, Trends and Insights By Product (CMM, ODS), By End user (Automotive, Aerospace, Industrial, Power Generation, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Carl Zeiss AG
- Pollen Metrology
- Cairnhill Metrology
- Faro Technologies,
- Pantac Metrology
- Others
Reports Description
According to Custom Market Insights (CMI), The Global Metrology Market size was estimated at USD 9.5 Billion in 2021 and is expected to hit around USD 15.75 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6.10% from 2022 to 2030.
Our recently published report, “Metrology Market”, offers a comprehensive and deep evaluation of the market stature. Also, the market report estimates the market size, revenue, price, market share, market forecast, growth rate, and competitive analysis.
Metrology Market: Overview
Metrology is the name given to the science of measuring. It creates a shared understanding of units and is essential for linking human activities. The process of enforcing, validating, and verifying established traceability, accuracy, and reliability requirements is referred to as metrology. These parameters are important because they have an impact on measurement validity. The government and the appropriate authorities have enforced them since these requirements might vary significantly.
Consequently, these standards are validated and assessed in comparison to a recognized quality system at calibration laboratories. Instruments used in various industries must operate correctly, and industrial metrology is employed to ensure this. Additionally, it provides the maintenance, quality assurance, and accurate calibration of measuring devices. Businesses use cutting-edge 3D metrology software that enables noncontact, quick, and precise testing. By fusing comparable and traditional technologies, this upgraded software provides metrology system operators with a more sophisticated user interface to aid in improving the fineness of their assessments.
Metrology Market: COVID – 19 Impact Analysis
Global economies have been significantly impacted by the COVID-19 pandemic. For several industries, COVID-19 has created some difficulties. The spread of COVID-19 has had an effect on the metrology market. The COVID-19 pandemic impacted global operations in some sectors and regions. Due to the enterprises’ restricted supply or decreased demand, the virus’s adverse consequences appeared more frequently in places where customers, suppliers, or manufacturers do business. This had a significant effect and had an effect on the whole metrology sector. Workforce shortages, restricted production, postponed purchases, supply-chain disruptions, and restrictions on cross-border trade are to blame for this. These factors delay the fulfillment of consignments of raw materials and components, particularly those from China. Moreover, the manufacturing industry has a massive influence on the United States. China has experienced a fall in sales of electronic components to other countries of about 40% and a reduction in manufacturing capacity of over 14%.
Metrology Market: Growth Drivers
Increased research and development (R&D) spending to accelerate the market’s growth
To develop cutting-edge metrology products and solutions, more money is being invested globally in R&D. Due to continued R&D, the electronics sector is seeing rapid technological advancement. These industries have also created new apps for precise management and inspection to increase efficiency and meet the increased demands. The market’s expansion is also projected to be fueled by these factors. The need for metrology will also be significantly impacted by the rising modeling and data analysis in various industries and the high demand for extensive data analysis.
Increased applications in aerospace & defense and automotive verticals
The expansion of the metrology systems market is anticipated to be aided by an increase in the use of these systems in the aerospace, defense, and automotive industries. A developing trend that permits the integration of automated, accurate, and reliable measurements into production lines is the increased deployment of in-line metrology equipment. The broad adoption of Industry 4.0 techniques that entail Machine to Machine (M2M) communication depends on in-line metrology devices. By helping to optimize the manufacturing process, in-line appliance metrics monitoring is crucial for adopting Industry 4.0 techniques and is anticipated to drive the worldwide market for metrology systems.
Growing Demand for metrology services across a range of end-use industries
For various end-use sectors, including automotive, aerospace, manufacturing, and power generation, service providers provide metrology services, which are measuring services. Because more applications are being made in various end-use sectors, the market for metrology services is anticipated to expand quickly over the projected period. In addition, by maximizing productivity while keeping the resource needs constant, these services help to increase efficiency. During the production process, several types of metrology products are employed separately or as part of an integrated system for quality control and inspection, 3D measurement, product quality optimization, reverse engineering, etc. However, due to their high prices, high precision equipment makes it difficult for manufacturers to maintain their inventory at standard. This has led to the emergence of the service sector, where producers may now receive measuring services from outside suppliers.
Metrology Market: Segmentation Analysis
The metrology market is segmented into the product and end user. Based on the product, the demand for the coordinate measuring machine (CMM) segment is estimated to lead the market during the forecast period. Due to CMM’s ability to produce positional, dimensional, and surface measurements in a single system, this market sector is anticipated to grow rapidly. Additionally, CMM enables accurate object measurement for testing, assembly, design, profiling, and reverse engineering of components. Growth in the market is anticipated to be fueled by the increased demand for CMM’s calibration, machine installation, and retrofitting services throughout the projected period. Its quick growth may be ascribed to its high precision, rapidity, and accuracy in measuring length for diverse purposes. These tools are used in pilot plants for automobiles’ metrology, style, and design. A few benefits include high accuracy, rapid data flow, high-temperature resistance, and optimization for difficult-to-scan surfaces.
The optical digitizer and scanner (ODS) segment is predicted to grow significantly during the projection period. Optical digitizers and scanners are used in various metrology service applications, including surface analysis, gas turbine blade inspection, car component inspection, automotive design and styling, powertrain components, pilot plant metrology, and aviation component inspection. In addition, laser scanners may record the component’s whole geometry for review and other technical purposes. These scanners have several characteristics, including real-time operation, enhanced speed, and high accuracy. Consequently, it is expected that the ODS sector will drive the market.
By end user, the aerospace segment is anticipated to dominate the market during the forecast period. The advancement of dimensional metrology services, portable CMMs, robot-mounted optical CMM scanners, 3D measurement devices, and cloud-based software application platforms has increased metrology services.
The projected period is predicted to see some development in the automotive application category due to improvements in automotive technology that improve component precision. To ensure passengers’ safety, comfort, and contentment, every seat, door, panel, and component in a car must be perfectly aligned. Therefore, the need for metrology services is also driven by the need for tolerance measurement to check and assess equipment alignment on machines.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 9.5 Billion |
| Projected Market Size in 2030 | USD 15.75 Billion |
| Market Size in 2022 | USD 10.20 Billion |
| CAGR Growth Rate | 6.10% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Carl Zeiss AG, Pollen Metrology, Cairnhill Metrology, Faro Technologies, Pantac Metrology, Exact metrology Inc., Jenoptik AG, Automated Precision, Mitutoyo Corporation, Nikon Corporation, Renishaw PLC, Perceptron Inc., Precision Products, CARMAR ACCURACY, JLM Advanced Technical Services, and Others |
| Key Segment | By Product, End-user, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Insights:
- Based on product segmentation, the coordinate measuring machine segment is estimated to hold the largest market share during the forecast period.
- Based on end-user segmentation, the aerospace segment is the leading revenue-generating category during the forecast period.
- Based on geography/region, the Asia-Pacific region was the leading revenue generator in 2021.
Recent Development
- November 2021: A contract was struck by Renishaw and Verisurf Software Inc. This Agreement governs the synchronization of Renishaw CMM software by Verisurf Software Inc.
- June 2021: HoloBuilder, Inc. was bought by FARO Technologies. Through this purchase, HoloBuilder, Inc. can provide FARO with its industry-leading photogrammetry-based 3D platform, enabling hardware-independent picture collection, registration, and viewing for the rapidly expanding digital twin market.
Regional Landscape
Throughout the projection period, Asia-Pacific is expected to continue to be among the most alluring markets, and this region is accounted for the majority revenue share in the market. Asia Pacific is projected to become the region with the quickest growth during the projection period due to the spectacular expansion of the local aerospace industry. Applications for industrial and power generation are anticipated to boost the Asia Pacific market for metrology services. Numerous 3D scanner-based metrology services applications may be found in the power generation sector. In the power generation sector, applications for dimensional metrology, such as large volume scanners, portable coordinate measuring arms, and the most recent laser technology.
The metrology market in the Europe area is anticipated to see rapid growth because of the availability of a suitable network-based infrastructure that aids in addressing the expanding and altering needs of various customers and end-use industries.
Competitive Landscape
Our report offers quantitative and qualitative insights into the Metrology market and significant development initiatives the key players adopt. Further, it provides competitive details and market share analysis. The report further includes relevant financial information, products and services offered, SWOT analysis, and the players’ recent developments.
Prominent Players:
- Carl Zeiss AG
- Pollen Metrology
- Cairnhill Metrology
- Faro Technologies,
- Pantac Metrology
- Exact Metrology Inc.
- Jenoptik AG
- Automated Precision
- Mitutoyo Corporation
- Nikon Corporation
- Renishaw PLC
- Perceptron Inc.
- Precision Products
- CARMAR ACCURACY
- JLM Advanced Technical Services
The global metrology market is segmented as follows:
By Product
- CMM
- ODS
By End-user
- Automotive
- Aerospace
- Industrial
- Power Generation
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Metrology Market, (2022 – 2030) (USD Billion)
- 2.2 Global Metrology Market : snapshot
- Chapter 3. Global Metrology Market – Industry Analysis
- 3.1 Metrology Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Increased research and development (R&D) spending to accelerate the market’s growth
- 3.2.2 Increased applications in aerospace & defense and automotive verticals.
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Product
- 3.7.2 Market attractiveness analysis By End user
- Chapter 4. Global Metrology Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Metrology Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Metrology Market – Product Analysis
- 5.1 Global Metrology Market overview: By Product
- 5.1.1 Global Metrology Market share, By Product, 2021 and 2030
- 5.2 CMM
- 5.2.1 Global Metrology Market by CMM, 2022 – 2030 (USD Billion)
- 5.3 ODS
- 5.3.1 Global Metrology Market by ODS, 2022 – 2030 (USD Billion)
- 5.1 Global Metrology Market overview: By Product
- Chapter 6. Global Metrology Market – End user Analysis
- 6.1 Global Metrology Market overview: By End user
- 6.1.1 Global Metrology Market share, By End user, 2021 and 2030
- 6.2 Automotive
- 6.2.1 Global Metrology Market by Automotive, 2022 – 2030 (USD Billion)
- 6.3 Aerospace
- 6.3.1 Global Metrology Market by Aerospace, 2022 – 2030 (USD Billion)
- 6.4 Industrial
- 6.4.1 Global Metrology Market by Industrial, 2022 – 2030 (USD Billion)
- 6.5 Power Generation
- 6.5.1 Global Metrology Market by Power Generation, 2022 – 2030 (USD Billion)
- 6.6 Others
- 6.6.1 Global Metrology Market by Others, 2022 – 2030 (USD Billion)
- 6.1 Global Metrology Market overview: By End user
- Chapter 7. Metrology Industry – Regional Analysis
- 7.1 Global Metrology Industry Regional Overview
- 7.2 Global Metrology Industry Share, by Region, 2021 & 2030 (USD Billion)
- 7.3. North America
- 7.3.1 North America Metrology Industry, 2022 – 2030 (USD Billion)
- 7.3.1.1 North America Metrology Industry, by Country, 2022 – 2030 (USD Billion)
- 7.3.1 North America Metrology Industry, 2022 – 2030 (USD Billion)
- 7.4 North America Metrology Industry, by Product, 2022 – 2030
- 7.4.1 North America Metrology Industry, by Product, 2022 – 2030 (USD Billion)
- 7.5 North America Metrology Industry, by End user, 2022 – 2030
- 7.5.1 North America Metrology Industry, by End user, 2022 – 2030 (USD Billion)
- 7.6. Europe
- 7.6.1 Europe Metrology Industry, 2022 – 2030 (USD Billion)
- 7.6.1.1 Europe Metrology Industry, by Country, 2022 – 2030 (USD Billion)
- 7.6.1 Europe Metrology Industry, 2022 – 2030 (USD Billion)
- 7.7 Europe Metrology Industry, by Product, 2022 – 2030
- 7.7.1 Europe Metrology Industry, by Product, 2022 – 2030 (USD Billion)
- 7.8 Europe Metrology Industry, by End user, 2022 – 2030
- 7.8.1 Europe Metrology Industry, by End user, 2022 – 2030 (USD Billion)
- 7.9. Asia Pacific
- 7.9.1 Asia Pacific Metrology Industry, 2022 – 2030 (USD Billion)
- 7.9.1.1 Asia Pacific Metrology Industry, by Country, 2022 – 2030 (USD Billion)
- 7.9.1 Asia Pacific Metrology Industry, 2022 – 2030 (USD Billion)
- 7.10 Asia Pacific Metrology Industry, by Product, 2022 – 2030
- 7.10.1 Asia Pacific Metrology Industry, by Product, 2022 – 2030 (USD Billion)
- 7.11 Asia Pacific Metrology Industry, by End user, 2022 – 2030
- 7.11.1 Asia Pacific Metrology Industry, by End user, 2022 – 2030 (USD Billion)
- 7.12. Latin America
- 7.12.1 Latin America Metrology Industry, 2022 – 2030 (USD Billion)
- 7.12.1.1 Latin America Metrology Industry, by Country, 2022 – 2030 (USD Billion)
- 7.12.1 Latin America Metrology Industry, 2022 – 2030 (USD Billion)
- 7.13 Latin America Metrology Industry, by Product, 2022 – 2030
- 7.13.1 Latin America Metrology Industry, by Product, 2022 – 2030 (USD Billion)
- 7.14 Latin America Metrology Industry, by End user, 2022 – 2030
- 7.14.1 Latin America Metrology Industry, by End user, 2022 – 2030 (USD Billion)
- 7.15. The Middle-East and Africa
- 7.15.1 The Middle-East and Africa Metrology Industry, 2022 – 2030 (USD Billion)
- 7.15.1.1 The Middle-East and Africa Metrology Industry, by Country, 2022 – 2030 (USD Billion)
- 7.15.1 The Middle-East and Africa Metrology Industry, 2022 – 2030 (USD Billion)
- 7.16 The Middle-East and Africa Metrology Industry, by Product, 2022 – 2030
- 7.16.1 The Middle-East and Africa Metrology Industry, by Product, 2022 – 2030 (USD Billion)
- 7.17 The Middle-East and Africa Metrology Industry, by End user, 2022 – 2030
- 7.17.1 The Middle-East and Africa Metrology Industry, by End user, 2022 – 2030 (USD Billion)
- Chapter 8. Company Profiles
- 8.1 Carl Zeiss AG
- 8.1.1 Overview
- 8.1.2 Financials
- 8.1.3 Product Portfolio
- 8.1.4 Business Strategy
- 8.1.5 Recent Developments
- 8.2 Pollen Metrology
- 8.2.1 Overview
- 8.2.2 Financials
- 8.2.3 Product Portfolio
- 8.2.4 Business Strategy
- 8.2.5 Recent Developments
- 8.3 Cairnhill Metrology
- 8.3.1 Overview
- 8.3.2 Financials
- 8.3.3 Product Portfolio
- 8.3.4 Business Strategy
- 8.3.5 Recent Developments
- 8.4 Faro Technologies
- 8.4.1 Overview
- 8.4.2 Financials
- 8.4.3 Product Portfolio
- 8.4.4 Business Strategy
- 8.4.5 Recent Developments
- 8.5 Pantac Metrology
- 8.5.1 Overview
- 8.5.2 Financials
- 8.5.3 Product Portfolio
- 8.5.4 Business Strategy
- 8.5.5 Recent Developments
- 8.6 Exact metrology Inc.
- 8.6.1 Overview
- 8.6.2 Financials
- 8.6.3 Product Portfolio
- 8.6.4 Business Strategy
- 8.6.5 Recent Developments
- 8.7 Jenoptik AG
- 8.7.1 Overview
- 8.7.2 Financials
- 8.7.3 Product Portfolio
- 8.7.4 Business Strategy
- 8.7.5 Recent Developments
- 8.8 Automated Precision
- 8.8.1 Overview
- 8.8.2 Financials
- 8.8.3 Product Portfolio
- 8.8.4 Business Strategy
- 8.8.5 Recent Developments
- 8.9 Mitutoyo Corporation
- 8.9.1 Overview
- 8.9.2 Financials
- 8.9.3 Product Portfolio
- 8.9.4 Business Strategy
- 8.9.5 Recent Developments
- 8.10 Nikon Corporation
- 8.10.1 Overview
- 8.10.2 Financials
- 8.10.3 Product Portfolio
- 8.10.4 Business Strategy
- 8.10.5 Recent Developments
- 8.11 Renishaw PLC
- 8.11.1 Overview
- 8.11.2 Financials
- 8.11.3 Product Portfolio
- 8.11.4 Business Strategy
- 8.11.5 Recent Developments
- 8.12 Perceptron Inc.
- 8.12.1 Overview
- 8.12.2 Financials
- 8.12.3 Product Portfolio
- 8.12.4 Business Strategy
- 8.12.5 Recent Developments
- 8.13 Precision Products
- 8.13.1 Overview
- 8.13.2 Financials
- 8.13.3 Product Portfolio
- 8.13.4 Business Strategy
- 8.13.5 Recent Developments
- 8.14 CARMAR ACCURACY
- 8.14.1 Overview
- 8.14.2 Financials
- 8.14.3 Product Portfolio
- 8.14.4 Business Strategy
- 8.14.5 Recent Developments
- 8.15 JLM Advanced Technical Services.
- 8.15.1 Overview
- 8.15.2 Financials
- 8.15.3 Product Portfolio
- 8.15.4 Business Strategy
- 8.15.5 Recent Developments
- 8.1 Carl Zeiss AG
List Of Figures
Figures No 1 to 21
List Of Tables
Tables No 1 to 52
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Players:
FAQs
“Asia-Pacific” region will lead the global Metrology market during the forecast period 2022 to 2030.
The key factors driving the market are increased research and development (R&D) spending to accelerate the market’s growth & Increased applications in aerospace & defense, and automotive verticals.
The key players operating in the Metrology market are Carl Zeiss AG, Pollen Metrology, Cairnhill Metrology, Faro Technologies,, Pantac Metrology, Exact metrology Inc., Jenoptik AG, Automated Precision, Mitutoyo Corporation, Nikon Corporation, Renishaw PLC, Perceptron Inc., Precision Products, CARMAR ACCURACY, JLM Advanced Technical Services.
The global Metrology market is expanding growth with a CAGR of approximately 6.10% during the forecast period (2022 to 2030).
The global Metrology market size was valued at USD 9.5 Billion in 2021 and it is projected to reach around USD 15.75 Billion by 2030.