Inline Metrology Market Insights
The global inline metrology market share is projected to escalate further during the review period. The proliferation of Industry 4.0 and industrial automation would drive market growth. According to Market Research Future (MRFR), the global inline metrology market is poised to escalate from USD 0.55 BN in 2022 to USD 1.21 BN by 2030, growing at a 10.27% CAGR throughout the assessment period (2023-2030).
Besides, the growing adoption of highly accurate inspection and detailed information processes boosts the inline metrology market size. The growing focus on quality control and the rise in research development spending influence the inline metrology market revenues. Increasing adoption of the technology in automotive, aerospace, energy power, and construction engineering drives the inline metrology market demand.
The booming aviation industries and automotive industries offer robust opportunities. Rapid industrialization and worldwide urbanization are key driving forces for the inline metrology market growth. The increasing adoption of inline testing and inline metrology to gain detailed information and run full-field evaluations fosters market share.
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Major Players
Key players active in the inline metrology market are
- Faro Technologies,
- Hexagon,
- Nikon Metrology Inc.,
- Jenoptik Group,
- LMI Technologies,
- Carl Zeiss,
- Mitutoyo Corporation,
- ABB Ltd.,
- Cognex Corporation, and
- Ametek Inc., among others.
Inline Metrology Market - Segments
The market analysis is segmented into products, applications, verticals, and regions. The product segment is sub-segmented into machine vision systems, coordinate measuring machines (CMM), multisensory measuring systems, optical scanners, laser trackers, and others.
The application segment is sub-segmented into quality control inspection, reverse engineering, and others. The vertical segment is sub-segmented into automotive, aerospace, semiconductors, energy power, and others. By region, the inline metrology market is segmented into the Americas, Asia-Pacific, MEA, Europe, and the rest of the world.
Inline Metrology Market - Regional Analysis
North America dominates the global inline metrology market, with the growing industrial automation in the region. Besides, the growing implementation of inline metrology systems for quality control inspections in automotive and electronics production facilities substantiates the market size. Vast technological advances and the increasing usage of AI and IoT technologies substantiate the inline metrology market size.
Moreover, growing automation in manufacturing sectors, integration of connected technologies, and increasing adoption of VRF technology for energy savings flexible designs influence market revenues. With the strong presence of pharmaceutical, automotive, and aerospace equipment manufacturers, the US leads the inline metrology market in the region.
Europe demonstrates a positive growth rate towards the adoption of inline metrology. The digital revolution is increasing across the region. Rapidly growing automation in the automotive and power generation industries drives the inline metrology industry in the region. Furthermore, the rising demand for lightweight automotive components to make fuel-efficient vehicles creates significant growth opportunities for the inline metrology markets in the region.
Inline Metrology Market - Competitive Analysis
The inline Metrology market experiences several strategic approaches, such as mergers acquisitions, collaboration, expansion, and product launches. Major industry players invest strategically in research and development activities and foster expansion plans.
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Industry Advancements/Related News
April 20, 2023 – Ascona Measuring System announced a strategic partnership with DCUBE Ai to launch inline surface inspection of aluminum profiles. The partnership combines a futuristic product with proven excellence for some of the largest aluminum extrusion plants in Europe, industrial experience, and a worldwide service network. Promex CYRUS is an AI-based instrument that can detect different types of surface defects in real time and convert them into meaningful warning messages.
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