Industrial Metrology Market to surpass USD 21.5 Billion by 2032, Says Global Market Insights inc.
Industrial Metrology Industry size is expected to register 6% CAGR between 2024 and 2032 propelled by increasing demand for high-precision measurement solutions.
Selbyville, Delaware, Sept. 05, 2024 (GLOBE NEWSWIRE) — Industrial Metrology Market value could reach USD 21.5 billion by 2032, as per a
Europe to Maintain Strong Market Presence
Europe Industrial Metrology Market will register a significant market CAGR from 2023 to 2032, driven by the region’s strong industrial base, particularly in the automotive and aerospace sectors. Countries such as Germany, the United Kingdom, and France are leading the adoption of advanced metrology solutions to enhance manufacturing precision and maintain stringent quality standards. The presence of established metrology equipment manufacturers and a robust focus on research and development further bolster Europe’s position in the global market. Additionally, the region’s emphasis on Industry 4.0 and smart manufacturing initiatives is driving the integration of digital technologies with metrology systems, creating new opportunities for market growth. Europe’s pivotal role in the global industrial metrology industry underscores its contribution to advancing manufacturing capabilities and maintaining competitive advantages in various sectors.
Industrial Metrology Market Players
Leading companies in the industrial metrology industry include Hexagon AB, FARO Technologies, Nikon Metrology, KEYENCE CORPORATION, Carl Zeiss AG, Renishaw PLC, and Mitutoyo Corporation.
The industrial metrology market is experiencing significant growth driven by technological advancements from key companies. Firms like Hexagon AB and Mitutoyo Corporation are pioneering innovations in precision measurement, enhancing quality control and efficiency across industries. Their investments in advanced metrology solutions and integration with digital technologies are boosting market demand and shaping the future of industrial measurement.
In April 2023, Hexagon’s Manufacturing Intelligence division unveiled its next-generation Leitz PMM-C coordinate measuring machines, renowned for their ultra-high accuracy. This new series continues to set the benchmark in precision measurement, offering exceptional accuracy and minimal measurement uncertainty for a wide range of demanding manufacturing applications.
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
