The Rapid Industrialization will Foster the Industrial Metrology Equipment Market

Published: Dec 2020

The global industrial metrology equipment market is anticipated to grow with a considerable CAGR of 9.3% during the forecast period (2020-2026). Factor fueling market of the industrial metrology equipment includes the rapid industrialization across the globe. The industrialization has driven the requirements for focus on quality control in various industries thereby increasing the demand for industrial metrology equipment. In addition to this, Industry 4.0 is also surging the critical role of portable metrology equipment in manufacturing. The portable metrology equipment is considered the ‘go-to’ product for many inspection applications given its versatility, portability, and robustness for shop-floor use. Therefore, various new portable products and technologies are joining the available solutions to control the manufacturing process. It is expected to significantly drive the growth of the industrial metrology equipment market in the near future.

Browse the full report description of "Global Industrial Metrology Equipment Market Size, Share & Trends Analysis Report By Equipment (Coordinate Measuring Machine, Optical Digitizer and Scanner, X-Ray and Computed Tomography, Automated Optical Inspection, 2D Equipment, and Gauges), By Application (Reverse Engineering, Quality & Inspection, Mapping & Modelling, Equipment Calibration), By End-User Industry (Automotive & Transportation, Aerospace, Machinery, Biomechanics / Medical, Electrical & Electronics, Others), Forecast Period 2020-2026" at https://www.omrglobal.com/industry-reports/industrial-metrology-equipment-market

The surge in the use of Artificial Intelligence (AI) systems is growing in the industrial applications for a range of tasks that are broadly intended to improve the quality of production. The efforts to integrate AI with meteorology equipment is also increasing in recent years which in turn will provide the industrial metrology equipment market with various growth opportunities. For instance, in India, the National Institute of Standards and Technology (NIST), along with external partners, are working to further the science of metrology for the Institute of Actuaries of India (IAI) by perfecting how to test AI. 

Market Coverage

  • The market number available for – 2019-2026
  • Base year- 2019
  • Forecast period- 2020-2026
  • Segment Covered- 

o By Equipment

o By Application

o By End-Use Industry

  • Regions Covered-

o North America

o Europe

o Asia-Pacific

o Rest of the World

  • Competitive Landscape- Carl Zeiss AG, FARO Technologies, Inc., Hexagon AB, Jenoptik AG, Nikon Corp.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment and region dominate the market in the base year?
  • Which segment and region will project the fastest growth in the market?
  • How COVID-19 impacted the market?

o Recovery Timeline

o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

Global Industrial Metrology Equipment Market Report Segment

By Equipment

  • Coordinate Measuring Machine
  • Optical Digitizer and Scanner
  • X-Ray and Computed Tomography
  • Automated Optical Inspection
  • 2D Equipment
  • Gauges

By Application 

  • Reverse Engineering 
  • Quality & Inspection 
  • Mapping & Modelling
  • Equipment Calibration 

By End-User Industry

  • Automotive & Transportation
  • Aerospace
  • Electrical & Electronics
  • Biomechanics / Medical
  • Others 

Global Industrial Metrology Equipment Market Report Segment

North America

  • US
  • Canada

Europe

  • UK
  • Germany
  • Italy
  • Spain
  • France
  • Rest of Europe 

Asia-Pacific

  • China
  • India
  • Japan
  • Rest of Asia-Pacific 

Rest of the World

  • Latin America 
  • Middle East & Africa

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