Asia Pacific Industrial Metrology Market Size, Share & Industry Trends Analysis Report By Offering, By Equipment, By Application, By End-User (Automotive, Aerospace & Defense, Semiconductor, Manufacturing), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Asia Pacific Industrial Metrology Market would witness market growth of 6.6% CAGR during the forecast period (2022-2028).
In the manufacturing sector, the overall volume of data collected has expanded dramatically with the addition of each new dimension. Each manufacturing unit of the largest sectors is routinely equipped with more than a hundred measuring devices and recognizes and collects over a hundred inputs. Also, in the metrology sector, the demand for large-scale data analytics is soaring. Consistent measuring of the many components and parts provides a massive volume of data sets.
The examination of this enormous volume of acquired data is meaningless if it contains incorrect information that is incapable of aiding in the comprehension of a complex reality. Numerous organizations have also begun evaluating production data with the aid of advanced analytic tools, which may improve several crucial manufacturing activities, including equipment availability, yield, throughput, and operating expenses. The analysis of big data enables firms to make faster, more informed decisions.
The exponential expansion of cloud services offers manufacturing sectors numerous opportunities to automate the production process. Cloud computing is proving to be a tremendously advantageous item for enterprises of nearly all sizes. In addition, these manufacturing sectors are rapidly embracing smart industry for the majority of their activities. Consequently, the implementation of cloud services for the storage and analysis of metrology data aids manufacturing organizations in their R&D and product analysis endeavours. In addition, it assists businesses in supplying a variety of connected software services to their customers.
The requirement for industrial metrology services in Asia-Pacific region is also increasing because of the growth in the power generation. Numerous applications of metrology, such as horizontal machine bearing, turbines, main shaft, tops-off alignment, casting, scroll case geometry, and assembly, are employed in various power generation processes. Key leaders in the region stressed the government's involvement in raising quality control standards in industries during the Metrology Conclave in India. Similar efforts are seen throughout the region which have made standardization an important aspect of business growth. Consequently, it has propelled the development of the industrial metrology market in the region.
The China market dominated the Asia Pacific Industrial Metrology Market by Country in 2021; thereby, achieving a market value of $1,259.6 million by 2028. The Japan market is registering a CAGR of 5.9% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 7.2% during (2022 - 2028).
Based on Offering, the market is segmented into Hardware, Software, and Services. Based on Equipment, the market is segmented into Coordinate Measuring Machine (CMM), Automated Optical Inspection, Measuring Instruments, Optical Digitizer & Scanner (ODS), X-ray & Computed Tomography, Form Measurement Equipment, and Others. Based on Application, the market is segmented into Quality Control & Inspection, Reverse Engineering, Mapping & Modeling, and Others. Based on End-User, the market is segmented into Automotive, Aerospace & Defense, Semiconductor, Manufacturing, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Hexagon AB, Nikon Corporation, FARO Technologies, Inc., Carl Zeiss AG, Jenoptik AG, Keyence Corporation, Creaform, Inc. (AMETEK, Inc.), Renishaw PLC, Mitutoyo Corporation and KLA Corporation
Scope of the Study
Market Segments Covered in the Report:
- Coordinate Measuring Machine (CMM)
- Automated Optical Inspection
- Measuring Instruments
- Optical Digitizer & Scanner (ODS)
- X-ray & Computed Tomography
- Form Measurement Equipment
- Quality Control & Inspection
- Reverse Engineering
- Mapping & Modeling
By End User
- Aerospace & Defense
- South Korea
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Hexagon AB
- Nikon Corporation
- FARO Technologies, Inc.
- Carl Zeiss AG
- Jenoptik AG
- Keyence Corporation
- Creaform, Inc. (AMETEK, Inc.)
- Renishaw PLC
- Mitutoyo Corporation
- KLA Corporation
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