Metrology Equipment Market Size To Hit USD 15.1 Billion By 2030


 San Francisco, 16 Oct 2024: The Report Metrology Equipment Market Size, Share & Trends Analysis Report By Type (Coordinate Measuring Machine, Optical Digitizer & Scanner) By End-use (Manufacturing, Automotive, Aerospace, Electronics), By Region, And Segment Forecasts, 2024 - 2030

The global metrology equipment market size to reach USD 15.1 billion by 2030 and is projected to grow at a CAGR of 6.1% from 2024 to 2030. The growth of the global market is driven by several key factors. Increasing industrial automation and the need for precision in manufacturing processes are major contributors, as industries seek to ensure high quality and accuracy in their products. 

The expanding aerospace and automotive sectors drive demand, requiring precise measurements and quality control to meet stringent standards and improve performance. Furthermore, advancements in technology, such as the integration of IoT and smart sensors in metrology equipment, enhance measurement capabilities and data analysis, fueling market expansion.

Access Research Report of Metrology Equipment Market @ https://www.grandviewresearch.com/industry-analysis/metrology-equipment-market-report

Drivers, Opportunities & Restraints

The growing emphasis on regulatory compliance and quality assurance across various industries plays a significant role, as companies adopt advanced metrology solutions to meet stringent standards and avoid costly errors. Additionally, the rise in research and development activities and the increasing complexity of modern products necessitate advanced metrology equipment for precise measurements and quality control.Top of FormBottom of Form

Restraints include high initial costs and maintenance expenses, which can be prohibitive for smaller companies and limit the widespread adoption of advanced metrology systems. Moreover, the complexity of integrating new metrology equipment with existing systems can pose challenges, requiring significant time and resources for effective implementation and training. Technological advancements also contribute to rapid obsolescence of equipment, leading to frequent upgrades and associated costs.

On the other hand, opportunities for market growth are substantial. The increasing demand for precision and quality in manufacturing across various sectors, such as aerospace, automotive, and electronics, drives the need for advanced metrology solutions. Innovations in technology, such as the integration of IoT, AI, and smart sensors, offer enhanced measurement capabilities and new functionalities, presenting growth prospects

Recent Developments

  • In April 2024, Nikon Metrology NV(Nikon Corporation) in collaboration with Applied Automation Technologies announced its successful integration of Nikon's LC15Dx wireless non-contact laser scanner with AAT3D's CAPPSNC on machine metrology software. This advanced integration allows for seamless non-contact inspection within the machine tool environment and facilitates wireless data transfer, marking a significant advancement in manufacturing efficiency and quality assurance.
  • In December 2022, KLA Corporationintroduced the AxionT2000 X-ray metrology system, designed for advanced memory chip production. As the fabrication of 3D NAND and DRAM chips involves creating intricate structures with high aspect ratios and nanoscale precision, the Axion T2000 utilizes patented technologies to measure these complex features with exceptional resolution, accuracy, precision, and speed. By identifying minute shape anomalies that could affect chip performance, the Axion T2000 ensures the reliable production of memory chips for applications like 5G, artificial intelligence (AI), data centers, and edge computing.

Key Metrology Equipment Company Insights

Some of the key players operating in the market include ENTACT and WSP among others.

  • Nikon Metrology NV is a manufacturer of metrology solutions, part of the Nikon Corporation based in Belgium. The company specializes in offering a comprehensive range of measurement and inspection products designed for quality control across various industries, including automotive, aerospace, electronics, medical, and consumer goods
  • Keyence Corporation is a prominent Japanese direct sales organization that specializes in developing and manufacturing advanced equipment and solutions for factory automation. In the area of failure analysis test equipment, the company offers solutions designed to enhance quality control and inspection processes. Their measuring instruments, such as high-precision microscopes and machine vision systems, are used for identifying defects and ensuring the reliability of components.

Key Metrology Equipment Companies:

The following are the leading companies in the metrology equipment market. These companies collectively hold the largest market share and dictate industry trends.

  • Hexagon AB
  • Nikon Metrology NV (Nikon Corporation)
  • ZEISS
  • KEYENCE CORPORATION
  • KLA Corporation.
  • Mitutoyo America Corporation
  • Jenoptik
  • Renishaw plc.
  • CREAFORM.
  • Metro
  • AMETEK.Inc.
  • InspecVision Ltd.

 About Grand View Research

Grand View Research is an India & U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services.

For More Information: https://www.grandviewresearch.com/horizon

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