Inline Metrology Market 2020 Revenue Analysis, Opportunities, Growth, Trends and Forecast 2027

Market Research Future published a research report on "Inline Metrology Market Research Report - Global Forecast till 2027" – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2027

Market Highlights

The global inline metrology market is projected to register a CAGR of 15.1% during the forecast period of 2020–2026.

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Key Segments

The global Inline Metrology Market has been segmented based on product, application, vertical, and region.

By product, the market has been segmented into coordinate measuring machines (CMM), machine vision systems, multisensor measuring systems, optical scanners, laser trackers, and others.

By application, the market has been segmented into quality control and inspection, reverse engineering, and others.

By vertical, the market has been segmented into automotive, aerospace, semiconductors, energy & power, and others.

By region, the market has been segmented into North America, Europe, Asia-Pacific, and the rest of the world.

Key players

MRFR recognizes the key players in the global inline metrology market. These include Hexagon AB (Sweden), Faro Technologies (US), Nikon Metrology, Inc. (US), Carl Zeiss (Germany), KLA-Tencor (US), Jenoptik Group (Germany), Renishaw plc (UK), Mitutoyo Corporation (Japan), Ametek, Inc. (US), Perceptron (US), Cognex Corporation (US), LMI Technologies (Canada), QIS Metrologies AB (Sweden), Inline Metrology Solutions (US), SYNERGX Technologies Inc. (Canada), WENZEL Präzision GmbH (Germany), Kuka AG (Germany), Fraunhofer Ise (Germany), ABB Ltd. (Switzerland), Metrologic Group (France), and Dwfritz Automation, Inc. (US). The prominent players keep innovating and investing in research & development to offer cost-effective product portfolios. There have been recent mergers & acquisitions among the key players, a strategy that business entities employ for strengthening their reach to the customers.

Regional Analysis

The global inline metrology market is estimated to grow at a significant rate in the near future. The geographical analysis of the inline metrology market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world. Inline metrology is the process of scanning and measuring all the parts that are in motion. The parts are scanned with non-contact optical methods to produce a highly detailed 3D model offering sufficient resolution to measure critical features. Maintaining quality control in a production environment and improving the productivity of manufacturing facilities are major concerns faced by facility managers and operators. The increasing adoption of smart 3D sensors across the world is one of the major factors propelling market growth. Also, the influx of AI technology in the automotive industry has created several opportunities for the manufacturers of inline metrology systems to develop state-of-the-art devices that help operators achieve maximum efficiency in the production facility.

As per the MRFR analysis, in 2019, North America accounted for the largest share of the global inline metrology market. The region has witnessed the presence of small and medium enterprises that have commenced the adoption of smart metrology solutions in their manufacturing facilities, which is expected to fuel the market growth. Also, advancements in technology and the increasing investments by manufacturing industries for enhancing their product quality are a few of the factors propelling the market growth in this region.

Europe accounts for the second-largest market share in the inline metrology market. Germany holds the largest share of the Inline Metrology market in 2019 due to the presence of its well-developed automobile industry and the increasing adoption of IoT devices by consumers. On the other hand, France is expected to be the fastest-growing country-level market in the region during the forecast period.

Asia-Pacific is projected to be the fastest-growing regional market during the forecast period. China accounts for the largest market share in the region for the inline metrology market due to increasing government initiatives towards the research & development of automation technologies. Also, the adoption of predictive analytics by new business models has contributed to the growth of the inline metrology market in China. Additionally, the presence of various companies in the region is also driving the growth of the market.

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