Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Industrial Metrology Market size is expected to reach $15.2 billion by 2028, rising at a market growth of 6.2% CAGR during the forecast period.
The Hardware market acquired maximum revenue share in the Global Industrial Metrology Market by Offering in 2021; thereby, achieving a market value of $7.6 billion by 2028. The hardware includes optical digitizers and scanners (ODS), coordinate measuring machines (CMMs), measuring instruments, X-ray and computed tomography (CT), form measurement equipment, automated optical inspection systems, and 2D equipment. The product portfolios of hardware providers in the industrial metrology sector are constantly being updated.
The Automated Optical Inspection market is exhibiting a CAGR of 6.5% during (2022 - 2028). AOI, or automatic optical inspection systems, employ visual approaches to detect faults on printed circuit boards. They can detect a number of surface feature defects, including nodules, scratches, and stains, in addition to the more common dimensional faults, like open circuits, shorts, and solder thinning.
The Quality Control & Inspection market is leading the segment in the Global Industrial Metrology Market by Application in 2021; thereby, achieving a market value of $5.81 billion by 2028. The objective of quality control is to determine the dimensions of produced items to verify conformance with quality standards. When it comes to preserving the quality of parts for precision machinery, quality inspection is crucial. With a high level of precision and consistency, 3D scanning is applicable in most circumstances.
The Aerospace & Defense market is showcasing a CAGR of 5.9% during (2022 - 2028). Metrology Software assists producers by enabling the creation of three-dimensional models of airborne vehicles, as opposed to being restricted to rigid tooling structures. Models in three dimensions give engineers a tool that is more adaptable and can be modified rapidly, thereby preventing costly errors.
The North America market dominated the Global Industrial Metrology Market by Region in 2021; thereby, achieving a market value of $5.3 billion by 2028. The Europe market is poised to grow at a CAGR of 5.7% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 6.6% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hitachi, Ltd., Toshiba Corporation, Koninklijke Philips N.V., LG Electronics, Inc. (LG Corporation), Panasonic Corporation, Netflix, Inc., Google LLC, Apple, Inc., Amazon Web Services, Inc., and Motorola Mobility Holdings. Inc.(Lenovo Group Limited).
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