North America Industrial Metrology Market

North America 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

Report Id: KBV-11895 Publication Date: October-2022 Number of Pages: 116
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Market Report Description

The North America Industrial Metrology Market would witness market growth of 5.6% CAGR during the forecast period (2022-2028).

The guiding concept of industrial metrology is that every measurement has a proportion of uncertainty. In order to keep this uncertainty from escalating as operations get more complicated, producers must calibrate their equipment to achieve optimal part precision and accuracy. Traceability, or the principle of tying empirical data to reference standards, is dependent on calibrations. A measurement is considered traceable if its calibration chain can be traced back to a parent reference.

This helps to compensate for methodical uncertainty and error, which refers to unidentified errors existing during an instrument's calibration while generating a standard that can evaluate arbitrary uncertainty and error. For instance, air turbulence can cause minor mistakes in laser measures, and structural play might distort readings. Accurate calibration procedures aid in mitigating these inaccuracies.

Industrial metrology is predominantly utilized during the verification of product conformity and product wear and tear. During manufacturing, the controller confirms that the product adheres to the plan and complies with all applicable criteria. It is a procedure of product validation. During usage, the controller conducts routine inspections to verify that any modifications to the product do not compromise its conformance. It is the process of detecting dangers. Consequently, confirmation by measurement is performed in various ways by production supervisors, typically the method and quality control departments. The metrologist uses just the company-defined processes to determine the necessary measurements.

Numerous national, regional, and international efforts that have been carried out as part of the digitization of metrology. These efforts could have a substantial impact on the reformation of the metrological method to address measurement issues in the framework of smart manufacturing processes. The National Institute of Standards and Technology (NIST) in the United States of America (USA) has been developing the metrological foundation for putting high-performance communication channels (5G) into place. It also established the legal and administrative framework for the fields of cloud computing, big data, IT security, and machine learning.

The US market dominated the North America Industrial Metrology Market by Country in 2021; thereby, achieving a market value of $3,850.4 million by 2028. The Canada market is experiencing a CAGR of 8% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 7.1% 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 U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Industrial Metrology Market is Predict to reach $15.2 Billion by 2028, at a CAGR of 6.2%

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:

By Offering

  • Hardware
  • Software
  • Services

By Equipment

  • Coordinate Measuring Machine (CMM)
  • Automated Optical Inspection
  • Measuring Instruments
  • Optical Digitizer & Scanner (ODS)
  • X-ray & Computed Tomography
  • Form Measurement Equipment
  • Others

By Application

  • Quality Control & Inspection
  • Reverse Engineering
  • Mapping & Modeling
  • Others

By End User

  • Automotive
  • Aerospace & Defense
  • Semiconductor
  • Manufacturing
  • Others

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

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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