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
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Industrial Metrology Market, by Offering
1.4.2 North America Industrial Metrology Market, by Equipment
1.4.3 North America Industrial Metrology Market, by Application
1.4.4 North America Industrial Metrology Market, by End User
1.4.5 North America Industrial Metrology Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2018-2022)
3.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2018, Apr – 2022, Sep) Leading Players
Chapter 4. North America Industrial Metrology Market by Offering
4.1 North America Hardware Market by Country
4.2 North America Software Market by Country
4.3 North America Services Market by Country
Chapter 5. North America Industrial Metrology Market by Equipment
5.1 North America Coordinate Measuring Machine (CMM) Market by Country
5.2 North America Automated Optical Inspection Market by Country
5.3 North America Measuring Instruments Market by Country
5.4 North America Optical Digitizer & Scanner (ODS) Market by Country
5.5 North America X-ray & Computed Tomography Market by Country
5.6 North America Form Measurement Equipment Market by Country
5.7 North America Others Market by Country
Chapter 6. North America Industrial Metrology Market by Application
6.1 North America Quality Control & Inspection Market by Country
6.2 North America Reverse Engineering Market by Country
6.3 North America Mapping & Modeling Market by Country
6.4 North America Others Market by Country
Chapter 7. North America Industrial Metrology Market by End-User
7.1 North America Automotive Market by Country
7.2 North America Aerospace & Defense Market by Country
7.3 North America Semiconductor Market by Country
7.4 North America Manufacturing Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Industrial Metrology Market by Country
8.1 US Industrial Metrology Market
8.1.1 US Industrial Metrology Market by Offering
8.1.2 US Industrial Metrology Market by Equipment
8.1.3 US Industrial Metrology Market by Application
8.1.4 US Industrial Metrology Market by End-User
8.2 Canada Industrial Metrology Market
8.2.1 Canada Industrial Metrology Market by Offering
8.2.2 Canada Industrial Metrology Market by Equipment
8.2.3 Canada Industrial Metrology Market by Application
8.2.4 Canada Industrial Metrology Market by End-User
8.3 Mexico Industrial Metrology Market
8.3.1 Mexico Industrial Metrology Market by Offering
8.3.2 Mexico Industrial Metrology Market by Equipment
8.3.3 Mexico Industrial Metrology Market by Application
8.3.4 Mexico Industrial Metrology Market by End-User
8.4 Rest of North America Industrial Metrology Market
8.4.1 Rest of North America Industrial Metrology Market by Offering
8.4.2 Rest of North America Industrial Metrology Market by Equipment
8.4.3 Rest of North America Industrial Metrology Market by Application
8.4.4 Rest of North America Industrial Metrology Market by End-User
Chapter 9. Company Profiles
9.1 Hexagon AB
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Regional & Segmental Analysis
9.1.4 Research & Development Expenses
9.1.5 Recent strategies and developments:
9.1.5.1 Product Launches and Product Expansions:
9.2 FARO Technologies, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Regional Analysis
9.2.4 Research & Development Expense
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.5.2 Acquisition and Mergers:
9.3 Jenoptik AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expense
9.3.5 Recent strategies and developments:
9.3.5.1 Acquisition and Mergers:
9.3.5.2 Geographical Expansions:
9.4 Renishaw PLC
9.4.1 Company Overview
9.4.2 Financial Analysis
9.4.3 Segmental and Regional Analysis
9.4.4 Research & Development Expenses
9.5 Keyence Corporation
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 Carl Zeiss AG
9.6.1 Company Overview
9.6.2 Financial Analysis
9.6.3 Segmental and Regional Analysis
9.6.4 Research & Development Expenses
9.6.5 Recent strategies and developments:
9.6.5.1 Product Launches and Product Expansions:
9.6.5.2 Acquisition and Mergers:
9.7 Nikon Corporation
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expense
9.7.5 Recent strategies and developments:
9.7.5.1 Partnerships, Collaborations, and Agreements:
9.7.5.2 Product Launches and Product Expansions:
9.8 Creaform, Inc. (Ametek, Inc.)
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Segmental and Regional Analysis
9.8.4 Research & Development Expense
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.9 KLA Corporation
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Product Launches and Product Expansions:
9.9.5.2 Acquisition and Mergers:
9.9.5.3 Geographical Expansions:
9.10. Mitutoyo Corporation
9.10.1 Company Overview
9.10.2 Recent strategies and developments:
9.10.2.1 Partnerships, Collaborations, and Agreements:
9.10.2.2 Product Launches and Product Expansions:
TABLE 1 North America Industrial Metrology Market, 2018 - 2021, USD Million
TABLE 2 North America Industrial Metrology Market, 2022 - 2028, USD Million
TABLE 3 Partnerships, Collaborations and Agreements – Industrial Metrology Market
TABLE 4 Product Launches And Product Expansions – Industrial Metrology Market
TABLE 5 Acquisition and Mergers – Industrial Metrology Market
TABLE 6 Geographical Expansions – Industrial Metrology Market
TABLE 7 North America Industrial Metrology Market by Offering, 2018 - 2021, USD Million
TABLE 8 North America Industrial Metrology Market by Offering, 2022 - 2028, USD Million
TABLE 9 North America Hardware Market by Country, 2018 - 2021, USD Million
TABLE 10 North America Hardware Market by Country, 2022 - 2028, USD Million
TABLE 11 North America Software Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Software Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Services Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Services Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Industrial Metrology Market by Equipment, 2018 - 2021, USD Million
TABLE 16 North America Industrial Metrology Market by Equipment, 2022 - 2028, USD Million
TABLE 17 North America Coordinate Measuring Machine (CMM) Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Coordinate Measuring Machine (CMM) Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Automated Optical Inspection Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Automated Optical Inspection Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Measuring Instruments Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Measuring Instruments Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Optical Digitizer & Scanner (ODS) Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Optical Digitizer & Scanner (ODS) Market by Country, 2022 - 2028, USD Million
TABLE 25 North America X-ray & Computed Tomography Market by Country, 2018 - 2021, USD Million
TABLE 26 North America X-ray & Computed Tomography Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Form Measurement Equipment Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Form Measurement Equipment Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 31 North America Industrial Metrology Market by Application, 2018 - 2021, USD Million
TABLE 32 North America Industrial Metrology Market by Application, 2022 - 2028, USD Million
TABLE 33 North America Quality Control & Inspection Market by Country, 2018 - 2021, USD Million
TABLE 34 North America Quality Control & Inspection Market by Country, 2022 - 2028, USD Million
TABLE 35 North America Reverse Engineering Market by Country, 2018 - 2021, USD Million
TABLE 36 North America Reverse Engineering Market by Country, 2022 - 2028, USD Million
TABLE 37 North America Mapping & Modeling Market by Country, 2018 - 2021, USD Million
TABLE 38 North America Mapping & Modeling Market by Country, 2022 - 2028, USD Million
TABLE 39 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 40 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 41 North America Industrial Metrology Market by End-User, 2018 - 2021, USD Million
TABLE 42 North America Industrial Metrology Market by End-User, 2022 - 2028, USD Million
TABLE 43 North America Automotive Market by Country, 2018 - 2021, USD Million
TABLE 44 North America Automotive Market by Country, 2022 - 2028, USD Million
TABLE 45 North America Aerospace & Defense Market by Country, 2018 - 2021, USD Million
TABLE 46 North America Aerospace & Defense Market by Country, 2022 - 2028, USD Million
TABLE 47 North America Semiconductor Market by Country, 2018 - 2021, USD Million
TABLE 48 North America Semiconductor Market by Country, 2022 - 2028, USD Million
TABLE 49 North America Manufacturing Market by Country, 2018 - 2021, USD Million
TABLE 50 North America Manufacturing Market by Country, 2022 - 2028, USD Million
TABLE 51 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 52 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 53 North America Industrial Metrology Market by Country, 2018 - 2021, USD Million
TABLE 54 North America Industrial Metrology Market by Country, 2022 - 2028, USD Million
TABLE 55 US Industrial Metrology Market, 2018 - 2021, USD Million
TABLE 56 US Industrial Metrology Market, 2022 - 2028, USD Million
TABLE 57 US Industrial Metrology Market by Offering, 2018 - 2021, USD Million
TABLE 58 US Industrial Metrology Market by Offering, 2022 - 2028, USD Million
TABLE 59 US Industrial Metrology Market by Equipment, 2018 - 2021, USD Million
TABLE 60 US Industrial Metrology Market by Equipment, 2022 - 2028, USD Million
TABLE 61 US Industrial Metrology Market by Application, 2018 - 2021, USD Million
TABLE 62 US Industrial Metrology Market by Application, 2022 - 2028, USD Million
TABLE 63 US Industrial Metrology Market by End-User, 2018 - 2021, USD Million
TABLE 64 US Industrial Metrology Market by End-User, 2022 - 2028, USD Million
TABLE 65 Canada Industrial Metrology Market, 2018 - 2021, USD Million
TABLE 66 Canada Industrial Metrology Market, 2022 - 2028, USD Million
TABLE 67 Canada Industrial Metrology Market by Offering, 2018 - 2021, USD Million
TABLE 68 Canada Industrial Metrology Market by Offering, 2022 - 2028, USD Million
TABLE 69 Canada Industrial Metrology Market by Equipment, 2018 - 2021, USD Million
TABLE 70 Canada Industrial Metrology Market by Equipment, 2022 - 2028, USD Million
TABLE 71 Canada Industrial Metrology Market by Application, 2018 - 2021, USD Million
TABLE 72 Canada Industrial Metrology Market by Application, 2022 - 2028, USD Million
TABLE 73 Canada Industrial Metrology Market by End-User, 2018 - 2021, USD Million
TABLE 74 Canada Industrial Metrology Market by End-User, 2022 - 2028, USD Million
TABLE 75 Mexico Industrial Metrology Market, 2018 - 2021, USD Million
TABLE 76 Mexico Industrial Metrology Market, 2022 - 2028, USD Million
TABLE 77 Mexico Industrial Metrology Market by Offering, 2018 - 2021, USD Million
TABLE 78 Mexico Industrial Metrology Market by Offering, 2022 - 2028, USD Million
TABLE 79 Mexico Industrial Metrology Market by Equipment, 2018 - 2021, USD Million
TABLE 80 Mexico Industrial Metrology Market by Equipment, 2022 - 2028, USD Million
TABLE 81 Mexico Industrial Metrology Market by Application, 2018 - 2021, USD Million
TABLE 82 Mexico Industrial Metrology Market by Application, 2022 - 2028, USD Million
TABLE 83 Mexico Industrial Metrology Market by End-User, 2018 - 2021, USD Million
TABLE 84 Mexico Industrial Metrology Market by End-User, 2022 - 2028, USD Million
TABLE 85 Rest of North America Industrial Metrology Market, 2018 - 2021, USD Million
TABLE 86 Rest of North America Industrial Metrology Market, 2022 - 2028, USD Million
TABLE 87 Rest of North America Industrial Metrology Market by Offering, 2018 - 2021, USD Million
TABLE 88 Rest of North America Industrial Metrology Market by Offering, 2022 - 2028, USD Million
TABLE 89 Rest of North America Industrial Metrology Market by Equipment, 2018 - 2021, USD Million
TABLE 90 Rest of North America Industrial Metrology Market by Equipment, 2022 - 2028, USD Million
TABLE 91 Rest of North America Industrial Metrology Market by Application, 2018 - 2021, USD Million
TABLE 92 Rest of North America Industrial Metrology Market by Application, 2022 - 2028, USD Million
TABLE 93 Rest of North America Industrial Metrology Market by End-User, 2018 - 2021, USD Million
TABLE 94 Rest of North America Industrial Metrology Market by End-User, 2022 - 2028, USD Million
TABLE 95 Key information – Hexagon AB
TABLE 96 Key Information – FARO Technologies, Inc.
TABLE 97 Key Information – Jenoptik AG
TABLE 98 key Information – Renishaw PLC
TABLE 99 key information – Keyence Corporation
TABLE 100 key Information – Carl Zeiss AG
TABLE 101 Key Information – Nikon Corporation
TABLE 102 Key Information – Creaform, inc.
TABLE 103 Key Information – KLA Corporation
TABLE 104 Key Information – Mitutoyo Corporation
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Key Leading Strategies: Percentage Distribution (2018-2022)
FIG 4 Key Strategic Move: (Product Launches and Product Expansions: 2018, Apr – 2022, Sep) Leading Players
FIG 5 Recent strategies and developments: FARO Technologies, Inc.
FIG 6 Recent strategies and developments: Jenoptik AG
FIG 7 SWOT Analysis: Keyence Corporation
FIG 8 Recent strategies and developments: Carl Zeiss AG
FIG 9 Recent strategies and developments: KLA Corporation
FIG 10 Recent strategies and developments: Mitutoyo Corporation