The Latest Metrology Industry Statistics Explained
The global metrology services market size was valued at USD 652.1 million in 2019. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic states that the global metrology services market was estimated to be worth USD 652.1 million in the year 2019. Metrology services involve the scientific study and measurement of physical quantities and are crucial in various industries such as manufacturing, construction, aerospace, and automotive, to ensure quality control and precision in production processes. This market size figure provides insights into the scale and importance of metrology services globally, showing the financial value of the services provided in 2019. It indicates the significant demand for metrology services and the level of investment made by industries to maintain quality standards and compliance, highlighting the market’s potential growth and importance.
The Metrology sector is projected to grow at a CAGR of 6.82% during 2020-2025. [Source](https://marketresearch.biz/report/metrology-software-market/)
The statistic stating that the Metrology sector is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.82% during the period of 2020-2025 indicates that the industry is expected to experience significant expansion over the next five years. A CAGR of 6.82% implies a steady and consistent growth rate annually, suggesting a positive outlook for businesses operating within the Metrology sector. This growth projection is likely influenced by factors such as technological advancements, increasing demand for precision measurement and quality control solutions, and growth opportunities in various end-user industries. It signifies opportunities for companies within the Metrology sector to expand their market presence and profitability in the coming years.
The global metrology market is expected to reach USD 1.25 billion by 2027. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic stating that the global metrology market is projected to reach USD 1.25 billion by 2027 signifies the anticipated growth and expansion of the metrology services industry over the next few years. This estimate suggests a positive outlook for companies involved in providing metrology services, which play a crucial role in ensuring accuracy and precision in various manufacturing processes and industries. The increasing demand for precise measurements, quality control, and efficiency improvements across sectors such as automotive, aerospace, and healthcare is likely to drive the market growth. This statistic serves as a valuable insight for policymakers, investors, and industry stakeholders to understand the potential opportunities and trends within the metrology market.
The North America regional market for metrology services accounted for the highest revenue share of more than 33.0% in 2019. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic indicates that in 2019, the North America regional market for metrology services generated the highest revenue share compared to other regions, accounting for more than 33.0% of the total revenue in the global metrology services market. This suggests that North America was a significant contributor to the overall market performance in terms of revenue generation within the metrology services industry during the specified year. Factors such as technological advancements, a strong manufacturing base, quality standards, and the presence of key market players in the region may have contributed to North America’s dominance in the metrology services market. This statistic underscores the region’s importance and influence in the industry, highlighting opportunities for businesses and stakeholders to capitalize on the market trends and growth potential in North America.
The global metrology software market size was $652.0 million in 2019. [Source](https://www.researchdive.com/press-release/cage-free-egg-market.html)
The statistic indicates that in 2019, the global metrology software market was valued at $652.0 million. Metrology software refers to programs and applications used for measurement and inspection processes across various industries such as manufacturing, automotive, aerospace, and healthcare. The market size figure suggests the total revenue generated by sales of metrology software worldwide during that year. This data point highlights the significant economic value and demand for metrology software solutions in diverse sectors, reflecting the importance of accuracy, precision, and quality control in modern industrial processes and technological advancements.
By 2025, the Asia-Pacific region is expected to grow at the highest CAGR of 9.8% in the metrology field. [Source](https://marketresearch.biz/report/metrology-software-market/)
The statistic indicates that the Asia-Pacific region is projected to experience the highest Compound Annual Growth Rate (CAGR) of 9.8% in the metrology field by the year 2025. This growth rate reflects the anticipated increase in demand for metrology software and related services in the Asia-Pacific region over the coming years. Factors contributing to this growth may include technological advancements, expanding industrial sectors, and a growing emphasis on quality control and precision measurement in manufacturing processes within the region. The projection suggests that the Asia-Pacific market for metrology software is expected to exhibit significant expansion and opportunities for businesses operating in this sector. [Source](https://marketresearch.biz/report/metrology-software-market/)
CMM (Coordinate Measuring Machine) product segment dominated the metrology services market with revenue share of over 35.0% in 2019. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic indicates that within the metrology services market in 2019, the CMM (Coordinate Measuring Machine) product segment held a significant portion of the market share, accounting for over 35.0% of the total revenue generated in this industry. This dominance suggests that CMM services were in high demand and widely utilized by various businesses and industries for precision measurement and inspection purposes. The strong market presence of CMM highlights its importance and effectiveness in providing accurate and reliable metrology solutions to meet the quality control and inspection needs of companies across different sectors.
3D Scanners is projected to expand at a CAGR of 10.0% from 2020 to 2027 in metrology industry. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic ‘3D Scanners is projected to expand at a compound annual growth rate (CAGR) of 10.0% from 2020 to 2027 in the metrology industry’ indicates that the market for 3D scanners used in metrology services is expected to grow steadily at a rate of 10.0% annually over the specified period. This projection suggests a positive trend in the demand for 3D scanning technology within the metrology sector, which is primarily focused on precision measurement and quality control. The expected growth rate highlights the anticipated increase in adoption of 3D scanning solutions for applications such as industrial manufacturing, aerospace, automotive, and healthcare industries, among others. The information is sourced from a report by Grand View Research, providing insights into the market trends and potential opportunities for the industry stakeholders.
In 2019, European metrology services market size was valued at USD 158.91 million. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic indicates that the European metrology services market had a total value of USD 158.91 million in the year 2019. Metrology services involve the scientific study of measurement, ensuring accuracy and precision in various industries such as manufacturing, aerospace, automotive, and healthcare among others. This market size figure suggests the overall economic value of metrology services provided by companies and institutions in Europe during the specified year. It is a key indicator of the importance and demand for metrology services in the region, reflecting the significance of accurate measurements in ensuring product quality, compliance with regulatory standards, and operational efficiency across different sectors.
The automotive end-use segment accounted for the largest revenue share of over 30.0% in 2019 in metrology industry. [Source](https://www.grandviewresearch.com/industry-analysis/metrology-services-market)
The statistic indicates that the automotive end-use segment held the highest revenue share within the metrology industry in 2019, amounting to over 30.0%. This suggests that a significant portion of the revenue generated in the metrology industry that year was attributed to services provided to the automotive sector. The prominence of the automotive end-use segment underscores the importance of metrology services in ensuring the precision and quality control of manufacturing processes within the automotive industry. This statistic highlights the strong demand for metrology services in the automotive sector and emphasizes its key role in maintaining high standards of accuracy and efficiency in the production of automotive components and vehicles.
The Metrology Software Market is expected to register a CAGR of over 7% during the forecast period 2020 – 2025. [Source](https://www.technavio.com/report/metrology-software-market-industry-analysis)
The statistic indicates that the Metrology Software Market is projected to experience a Compound Annual Growth Rate (CAGR) exceeding 7% between the years 2020 and 2025. This implies that the market for metrology software, which is used for measurement and inspection processes in various industries, is anticipated to show strong growth and expansion over the forecast period. The CAGR of over 7% suggests a steady increase in market size and demand for such software solutions, reflecting a positive outlook for the industry. This growth trend could be driven by factors such as technological advancements, increasing automation in manufacturing processes, and the need for precision measurement tools to ensure quality control and compliance with industry standards.
The 3D Metrology market was valued at USD 9.5 billion in 2020. [Source](https://www.mordorintelligence.com/industry-reports/3d-metrology-market)
The statistic that the 3D Metrology market was valued at USD 9.5 billion in 2020 indicates the total market size in terms of revenue generated by companies offering 3D metrology solutions and services. This figure represents the economic importance and scale of the 3D metrology industry in 2020. The market valuation serves as a key indicator of the demand for precision measurement technologies across various sectors such as manufacturing, automotive, aerospace, healthcare, and more. The growth and size of the 3D metrology market can have significant implications for technological advancements, industry competitiveness, and overall economic trends within the global market.
The 3D Metrology market is expected to reach USD 13.8 billion by 2026, at a CAGR of 6.8%. [Source](https://www.mordorintelligence.com/industry-reports/3d-metrology-market)
The statistic indicates that the 3D Metrology market is projected to grow significantly, with an expected market value of USD 13.8 billion by the year 2026. This growth is estimated to occur at a compound annual growth rate (CAGR) of 6.8%, reflecting a steady and consistent increase in market size over the forecast period. The increasing demand for 3D metrology solutions across various industries such as automotive, aerospace, and electronics, driven by factors like quality control, precision manufacturing, and automation, is likely to fuel this market growth. The forecasted CAGR of 6.8% suggests a positive trajectory for the 3D metrology market, highlighting its potential for further expansion and technological advancements.
The hardware segment accounted for a significant share of around 50% in the 3D metrology market. [Source](https://www.mordorintelligence.com/industry-reports/3d-metrology-market)
The statistic provided indicates that the hardware segment is a key player in the 3D metrology market, representing approximately half of the market share. This suggests that the demand for hardware components such as sensors, scanners, and measurement systems is substantial within the industry. The dominance of the hardware segment underscores the importance of physical tools and instruments in the field of 3D metrology for precise and accurate measurements. Companies specializing in the development and manufacturing of 3D metrology hardware are likely to experience significant growth opportunities and market presence, given their substantial contribution to the overall market.
Plant & machine engineering segment accounted for 14.2% of the revenue share in the Industrial Metrology Market in 2019. [Source](http://www.prnewswire.co.uk/news-releases/global-industrial-metrology-market-to-2025—industry-analysis-and-forecast-842468572.html)
In 2019, the plant & machine engineering segment contributed 14.2% of the total revenue generated in the Industrial Metrology Market. This statistic indicates the relative importance and market presence of the plant & machine engineering sector within the broader industrial metrology industry. A higher revenue share suggests that this segment played a significant role in the overall market performance, highlighting its impact and relevance to the industry stakeholders. This information is essential for industry players, investors, and decision-makers to understand the market dynamics and trends within the industrial metrology sector.
The metrology services market in UK is expected to grow by USD 445.07 million during 2021-2025. [Source](https://www.technavio.com/report/metrology-services-market-in-united-kingdom-industry-outlook-and-forecast-2021-2025)
The statistic indicates that the metrology services market in UK is projected to experience a significant growth of USD 445.07 million between the years 2021 and 2025. This growth is likely attributed to various factors such as the increasing need for precise measurement and inspection services across industries like manufacturing, automotive, aerospace, and healthcare in the UK. The forecasted growth suggests a positive trend in the demand for metrology services in the region, possibly driven by technological advancements and regulatory requirements. This anticipated growth signifies potential opportunities for businesses operating in the metrology services sector to expand their operations and capitalize on the rising demand for accurate measurement solutions in the United Kingdom.
The industrial metrology market in the US is expected to grow by USD 262.92 million during 2021-2025. [Source](https://www.technavio.com/report/industrial-metrology-market-industry-analysis)
The statistic indicates that the industrial metrology market in the United States is projected to experience substantial growth, with an expected increase in revenue of USD 262.92 million between the years 2021 and 2025. Industrial metrology involves the measurement and analysis of physical dimensions within manufacturing processes to ensure quality control and precision in production. The anticipated growth in this market suggests an increasing demand for advanced metrology solutions in industries such as automotive, aerospace, and electronics to enhance quality standards, increase efficiency, and drive innovation. This growth projection may be driven by technological advancements, industry automation, and a growing emphasis on precision engineering and quality assurance in manufacturing processes.
The key players that make up 70% of the metrology industry are Hexagon, Zeiss, Mitutoyo, Nikon, and Faro. [Source](https://www.reportsnreports.com/reports/1069140-global-metrology-market-2017-2020.html)
The statistic states that five key players, namely Hexagon, Zeiss, Mitutoyo, Nikon, and Faro, collectively account for 70% of the metrology industry. This implies that these companies hold a substantial market share and have a dominant presence within the metrology sector. The concentration of market power among these key players suggests that they have competitive advantages, such as advanced technology, strong brand recognition, and extensive industry experience. Furthermore, their significant market share indicates that they play a crucial role in shaping the dynamics and trends of the metrology industry, influencing factors like pricing, innovation, and overall industry competitiveness.
Equipment such as coordinate measuring machines (CMMs) constituted 38.2% of the revenue share in 2019 in the Industrial Metrology Market. [Source](http://www.prnewswire.co.uk/news-releases/global-industrial-metrology-market-to-2025—industry-analysis-and-forecast-842468572.html)
The statistic indicates that in 2019, equipment such as coordinate measuring machines (CMMs) played a significant role in the Industrial Metrology Market, representing 38.2% of the total revenue share. This suggests that CMMs, which are precision measurement tools used for quality control and inspection processes in various industries, were in high demand and contributed substantially to the overall market performance. The dominance of CMMs in the market underscores the importance of accurate and precise measurement technology in modern industrial processes, highlighting the reliance of industries on advanced metrology solutions for ensuring quality standards and efficiency in production.
Conclusion
The Metrology industry statistics reveal a growing and dynamic sector that plays a critical role in ensuring quality, precision, and safety across various industries. By staying informed and up-to-date on the latest trends and developments in metrology, businesses can make informed decisions and drive innovation in their respective fields. As technology continues to advance, the importance of metrology in maintaining accuracy and reliability will only become more evident.
References
0. – https://www.marketresearch.biz
1. – https://www.www.mordorintelligence.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.technavio.com
4. – https://www.www.researchdive.com
5. – https://www.www.reportsnreports.com
6. – https://www.www.prnewswire.co.uk
