Industrial Metrology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

  • Single User License $3500

Industrial Metrology Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Status : January, 2022 | Semiconductor & Electronics

Report Digest


Global Industrial Metrology Market: Overview

Metrology enables people to organize their day-to-day lives through the use of time measurement, doctors to correctly diagnose patients, the detection of the presence or absence of foreign matter in water and to make commercial exchanges like the amount of sugar, calories, and so forth with confidence. Other examples include bolts purchased from Company A to fit into nuts from Company B, assuming they are specified to the same size. The accuracy of these measurements relies on the calibration and traceability of the measuring equipment against a measurement standard of higher accuracy.

If the requirement is industrial, then users set their own limits of acceptability in order to meet a functional need. The end user must be capable of implementing the process as planned and analyzed, since it often makes a significant contribution to the uncertainty of measurement.

The report provides a comprehensive analysis of the emerging point of care tests market segments, including their dynamics, size, growth, regulatory requirements, technological trends, competitive landscape, and emerging opportunities for instrument and consumable suppliers. This report also examines the technologies, markets and factors influencing the markets for Industrial Metrology. Markets are forecast based on historical activity and current opportunities, technical advances and challenges.

Global Industrial Metrology Market: Key Trends

The shift in preference from off-line quality inspection to near-line or in-line measurement techniques, enabling higher sampling rates and shorter inspection times in automotive sector, drives the growth of the industrial metrology market for the automotive industry. Moreover, the growing demand for automobiles in developing countries, such as India and China, is expected to fuel the growth of industrial metrology market in the near future. The high cost of setting up metrology facility and the lack of expertise needed for efficient handling of metrological systems restrict the growth of industrial metrology market.

Industries such as automotive and aerospace face increasing demand for intense quality control and inspection not meeting quality standards can hamper their reputation and, ultimately, their brand and business. Thus, these industries are prominently adopting industrial metrology for the quality control and inspection application.

Global Industrial Metrology Market: Market Potential

The major growth driver of Metrology Market includes growing demand for measurement components from sectors such as automotive and energy and power sectors, and growing outsourcing trends in healthcare sector among others. The major driver for the growth of the industrial metrology market for hardware is the increasing adoption of industrial metrology products in the industries such as aerospace and defense, and automotive to maintain product quality. Moreover, the use of 2D metrology products for dimensioning and inspection applications also contributes to the growth of the market for hardware.

Global Industrial Metrology Market: Regional Outlook

On the basis of geographical segmentation, the global industrial metrology market has been segmented into- Europe, Asia Pacific, North America, Latin America, and the Middle East and Africa. China has a huge potential in terms of the applications of industrial metrology offerings. Moreover, with the initiatives taken by the Government of India to encourage local and foreign players to have a manufacturing set-up in India is likely to boost the industrialization, thereby making it an attractive market for industrial metrology.

Global Industrial Metrology Market: Competitive Analysis

The key players in the global industrial metrology market are JLM Advanced Technical Services, Nikon Metrology, Applied Materials, Carl Zeiss Optotechnik, Hexagon, Creaform, Pollen Metrology, Automated Precision, Cairnhill Metrology and FARO Technologies.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?