Investments in 3D Metrology and Industry 4.0 to Drive Growth in the Market
The global metrology systems market is expected to reach US$ 15.34 million in 2023 and is projected to exhibit a CAGR of 11.2% from 2023 to 2033. Due to technological advances and increased demand for accuracy, metrology systems are set to see significant growth. Automated processes and systems are being developed to perform metrology functions more efficiently and effectively, and automation is expected to become more prevalent in metrology systems. With the addition of AI-driven algorithms, metrology systems are expected to become more accurate and reliable through artificial intelligence.
A major shift has been taking place in the field of metrology systems towards automation in recent years. To replace manual tasks, robots and artificial intelligence (AI) are used. In addition, portable metrology systems have been developed for on-the-spot and remote measurement applications. Precision and speed are being improved through the use of new developments in image processing and optical metrology. The cloud is becoming a more popular way to analyze data, making it faster and more accurate in the future.
Industrial applications will increasingly rely on autonomous robotic metrology systems for faster and more accurate measurements. The use of 3D laser scanning and imaging technology is likely to expand to a wider variety of applications. Quality control and inspection will be made easier by the use of automated vision systems. Analyzing and interpreting the vast amounts of data produced by metrology systems will increasingly rely on big data analytics and artificial intelligence (AI).
Moreover, technological advances will enhance data analysis algorithms and give software packages greater versatility and sophistication. Furthermore, there will be an increase in the popularity of wireless and cloud-based metrology systems in the future. In addition to allowing other users and metrology operators to benefit from remote monitoring and data sharing, this will also improve collaboration between metrology operators and users.
Increasingly, manufacturers in North America are focusing on improving quality and reducing costs, which is driving metrology systems to become even more important. Key players in the market are expected to benefit from lucrative opportunities in the Asia Pacific region. Information & technology growth in countries such as India, China, and South Korea is expected to significantly expand the market. In addition to better understanding their processes, manufacturers can identify areas for improvement using metrology systems. Manufacturers can also use metrology systems to stay competitive in the global market when customer demands constantly change.
Technical Barriers to Trade (TBT) Agreements, which are implemented within the World Trade Organization (WTO), allow countries to harmonize national requirements by referring to international documentary standards (norms) in their national technical regulations. A system of mutual recognition and assessment of conformity will also be taken into consideration, and as part of the agreement, signatory states are expected to participate in the process.
Industry 4.0 will further recognize businesses that are closely connected to manufacturing and information technology in terms of their value creation. Increasing interest in nanomaterials to address societal needs has prompted scientists to focus increasingly on developing scientific and applied metrology to determine how nanomaterials can be applied.
A rise in the use of metrology systems for aerospace, defense, and automotive applications is expected to continue to drive the metrology systems market during the forecast period. Automation, accuracy, and reliability of measurements are becoming more prevalent through the use of in-line metrology systems. Unlike pre-existing metrology systems, the next-generation systems are more intuitive, highly perceptive, and customizable, thereby enabling companies to automate their production processes in the future, and this will help to drive the adoption of these systems across many sectors.
Report Attribute
Details
Expected Market Value in 2023
US$ 15.34 million
Projected Market Value in 2033
US$ 44.33 million
Growth Rate (2023 to 2033)
11.2% CAGR
Metrology is the science of measurement and is important in to areas as manufacturing, process and instrumentation industries. The manufacturing industry is observing high demand for metrology system due to the increasing demand for reducing errors during the manufacturing process and developing the product life cycle.
Metrology systems are highly perceptive, customizable, and easy to use in QC labs, engineering labs, and research departments to solve all the instrumentation and measurement needs, which enables companies to achieve complete automation and enhance production. The metrology system uses advanced technology that saves time, product development costs, by measuring the sight dimension of various objects that are difficult to measure.
The adoption of precision engineering methods by manufacturers with a focus on reliability and accuracy in the manufacturing of products has increased in the application of the metrology system.
Don't pay for what you don't need
Customize your report by selecting specific countries or regions and save 30%!
Metrology Systems Market: Dynamics
Increasing demand for 3D metrology system for quality and accuracy analytics
The metrology system benefit in precision, cost minimization, and accuracy in measurement have resulted in increasing the adoption of metrology systems across various sectors. The advancement in the metrology system is increasing the demand for 3D metrology system.
The 3D metrology system mainly used for quality control for accuracy in production such as industrial 3D scanning technology, optical 3D coordinate measuring machine, 3D motion sensor, and 3D measuring machine.
The 3D metrology system is quickly gaining traction in the aerospace, energy and power, automotive, and construction industries. The use of the 3D metrology system is increasing with the growing requirement to produce quality output in industrial applications.
Increasing adoption of CMM metrology system
The coordinate measuring machines (CMM) allows automated manufacturing process to increase production efficiency and product quality. These CMM devices include optical CMM, handheld scanner, articulated arm, laser scanning devices and other devices to increase the operational productivity.
The CMM metrology system is used to assemble and test components against the design fixed in the manufacturing and assembly process. The adoption of the CMM metrology system in the automated manufacturing industry reduces the total operational cost, improve quality, and maintain the continuous flow of production which increases the demand of the metrology system.
For instance, in January 2020, LK Metrology has launched a new CMM measurement services section for performing contract dimensional inspection utilizing the latest metrology software.
Metrology Systems Market: Competition Landscape
Some of the prominent players of Metrology Systems are
Find your sweet spots for generating winning opportunities in this market.
Metrology Systems Market: Regional overview
By geography, the metrology systems market has been segmented into North America, Latin America, Europe, South Asia Pacific, East Asia, and MEA (the Middle East & Africa). North America is anticipated to be the dominating region in terms of the presence of leading players in the market.
The increasing infrastructure and application area of metrology systems in emerging economies, is the main factor contributing to the market growth during the forecast period.
The Metrology Systems market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with Metrology Systems market attractiveness as per segment.
The Metrology Systems market report also maps the qualitative impact of various market factors on Metrology Systems market segments and geographies.
The report covers exhaustive analysis on
Metrology Systems Market Segments
Metrology Systems Market Dynamics
Metrology Systems Market Size
Supply & Demand
Current Trends/Issues/Challenges
Competition & Companies Involved in the Market
Technology Landscape
Value Chain of the Metrology Systems Market
Metrology Systems Market Drivers and Restraints
Get the data you need at a Fraction of the cost
Personalize your report by choosing insights you need and save 40%!
Regional analysis includes
North America (USA., Canada)
Latin America (Mexico, Brazil, & Rest of Latin America)
Europe (Germany, Italy, United kingdom, Spain, France, BENELUX, & Russia)
East Asia (China, South Korea, and Japan)
South Asia & Pacific (India, ASEAN, and Australia & New Zealand)
Middle East and Africa (GCC Countries, Turkey & South Africa)
Metrology Systems Market: Segmentation
The Metrology systems market has been segmented on the basis of component, type, industry and region.
The Metrology Systems market is segmented on the basis of component:
Hardware
Software
Services
The Metrology Systems market is segmented on the basis of industry:
Aerospace & defense
Automotive
Power and energy
Pharmaceuticals
Others
The Metrology Systems market is segmented on the basis of type:
