GITNUX MARKETDATA REPORT 2024

Metrology Industry Statistics

Metrology industry statistics provide insights into the market size, trends, and key players involved in the measurement and quality control sector.

With sources from: marketsandmarkets.com, marketresearchfuture.com, grandviewresearch.com, reportsanddata.com and many more

Statistic 1

95% of quality assurance teams in manufacturing utilize metrology instruments.

Statistic 2

The global metrology services market was valued at approximately $710.6 million in 2019.

Statistic 3

Optical Digitizer/Scanner (ODS) market segment is projected to reach $1 billion by 2023.

Statistic 4

Measurement uncertainty in precision manufacturing is reduced by up to 20% using advanced metrology solutions.

Statistic 5

The coordinate measuring machine (CMM) segment accounts for the largest market share, approximately 35% of the total market.

Statistic 6

The adoption of automated and optical measurement solutions is driving the technological advancement in metrology.

Statistic 7

The metrology software market is expected to grow at a CAGR of 9.5% from 2021 to 2026.

Statistic 8

North America held the largest market share of about 35% in the global metrology services market in 2019.

Statistic 9

Investments in R&D within the metrology sector accounted for around 10% of total revenue in 2020.

Statistic 10

By 2022, 3D metrology accounted for around 40% of all metrology equipment sales.

Statistic 11

Europe’s metrology services market holds a 25% share of the global market.

Statistic 12

The use of metrology in healthcare for medical device calibration has increased by 12% per year.

Statistic 13

80% of manufacturing companies plan to invest in metrology equipment over the next five years.

Statistic 14

Metrology tools for semiconductor manufacturing are expected to witness a CAGR of 6.7% from 2020-2025.

Statistic 15

In 2020, the automotive industry accounted for over 30% of the metrology market demand.

Statistic 16

The aerospace sector is projected to increase its metrology tools investment by 8% annually.

Statistic 17

The market is projected to reach $1.1 billion by 2025, with a CAGR of 7.8% from 2019 to 2025.

Statistic 18

The Asia-Pacific region is anticipated to experience the fastest growth in the metrology industry, with a CAGR of 10.2% during the forecast period.

Statistic 19

Industrial metrology solutions can improve production efficiency by up to 15%.

Statistic 20

Metrology for digital manufacturing solutions sees a growth rate of 11% annually.

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In this post, we will explore the bustling world of the metrology industry through a series of compelling statistics that shed light on its significant impact across various sectors. From the utilization of advanced metrology instruments in manufacturing to the projected market growth and key trends driving technological advancements, these statistics paint a vivid picture of the vital role metrology plays in ensuring precision, quality, and efficiency in today’s evolving industries.

Statistic 1

"95% of quality assurance teams in manufacturing utilize metrology instruments."

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Statistic 2

"The global metrology services market was valued at approximately $710.6 million in 2019."

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Statistic 3

"Optical Digitizer/Scanner (ODS) market segment is projected to reach $1 billion by 2023."

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Statistic 4

"Measurement uncertainty in precision manufacturing is reduced by up to 20% using advanced metrology solutions."

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Statistic 5

"The coordinate measuring machine (CMM) segment accounts for the largest market share, approximately 35% of the total market."

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Statistic 6

"The adoption of automated and optical measurement solutions is driving the technological advancement in metrology."

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Statistic 7

"The metrology software market is expected to grow at a CAGR of 9.5% from 2021 to 2026."

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Statistic 8

"North America held the largest market share of about 35% in the global metrology services market in 2019."

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Statistic 9

"Investments in R&D within the metrology sector accounted for around 10% of total revenue in 2020."

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Statistic 10

"By 2022, 3D metrology accounted for around 40% of all metrology equipment sales."

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Statistic 11

"Europe’s metrology services market holds a 25% share of the global market."

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Statistic 12

"The use of metrology in healthcare for medical device calibration has increased by 12% per year."

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Statistic 13

"80% of manufacturing companies plan to invest in metrology equipment over the next five years."

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Statistic 14

"Metrology tools for semiconductor manufacturing are expected to witness a CAGR of 6.7% from 2020-2025."

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Statistic 15

"In 2020, the automotive industry accounted for over 30% of the metrology market demand."

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Statistic 16

"The aerospace sector is projected to increase its metrology tools investment by 8% annually."

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Statistic 17

"The market is projected to reach $1.1 billion by 2025, with a CAGR of 7.8% from 2019 to 2025."

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Statistic 18

"The Asia-Pacific region is anticipated to experience the fastest growth in the metrology industry, with a CAGR of 10.2% during the forecast period."

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Statistic 19

"Industrial metrology solutions can improve production efficiency by up to 15%."

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Statistic 20

"Metrology for digital manufacturing solutions sees a growth rate of 11% annually."

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Interpretation

The statistics presented emphasize the widespread adoption and significant growth potential of the metrology industry across various sectors such as manufacturing, healthcare, automotive, aerospace, and semiconductor. With a strong emphasis on technology advancements, automation, and software development, the metrology market shows promising trends for the future. Investments in R&D, increasing demand for precision manufacturing, and the role of metrology in enhancing production efficiency highlight the industry's crucial role in ensuring quality standards and driving innovation. The projections for market growth, particularly in regions like North America and Asia-Pacific, further underscore the importance and impact of metrology solutions in driving operational excellence and meeting evolving industry needs.

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