Industrial Metrology Market expected to reach $21.5 billion by 2032 with advancements in technology
From GlobeNewswire: 2024-09-05 04:30:00
Industrial Metrology Market value could reach USD 21.5 billion by 2032, driven by the adoption of advanced metrology solutions and the expansion of production facilities. Renishaw opened a new eco-friendly facility in São Paulo, Brazil in May 2024, showcasing industrial metrology systems, AI, and IoT integration for precise measurements across applications.
The segment for Coordinate Measuring Machines (CMM) is set for significant growth from 2024 to 2032, meeting demand for precision in dimensional inspection across industries. Advancements in CMM technology with touchless probing systems and enhanced software will play a vital role in quality control systems, supporting the overall industrial metrology industry growth.
Reverse engineering is expected to experience a notable upturn by 2032, driven by the need for product design validation and rapid prototyping across industries. The adoption of 3D scanning technology and advanced software tools enhances the speed and accuracy of product development, driving demand for reverse engineering solutions and contributing to market expansion.
Europe Industrial Metrology Market will see a significant CAGR from 2023 to 2032, with strong growth driven by the region’s industrial base, particularly in automotive and aerospace sectors. Countries like Germany and the UK are leading in advanced metrology solutions adoption to enhance manufacturing precision and meet quality standards, showcasing the region’s pivotal role in the global market.
Leading companies in the industrial metrology industry, including Hexagon AB and Mitutoyo Corporation, are driving market growth with innovative precision measurement solutions that enhance quality control and efficiency across industries. Their investments in advanced metrology solutions and integration with digital technologies shape the future of industrial measurement for improved manufacturing capabilities and competitive advantages.
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