Inline Metrology Market Industry Analysis, Size, Share, Growth, Trend And Forecast 2020 To 2027
Author : nisha dha | Published On : 11 May 2022
According to Market Research Future, the Global Inline Metrology Market has been segmented based on Product, Application, Vertical, and Region.
Technological advancements, along with the increasing adoption of AI technology in the automotive industry, has fueled the expansion of the global inline metrology market. Also, the demand for customized solutions from automobile manufacturers has contributed to market growth. However, the lack of skilled system integrators and the complexity of advanced inline metrology software solutions are a few of the factors that are likely to hamper the market growth during the forecast period.
By product, the Inline Metrology market has been segmented into coordinate measuring machines (CMM), machine vision systems, multisensor measuring systems, optical scanners, laser trackers, and others. CMMs enhance production efficiency and provide complete traceability in a production line. CMMs are highly accurate; however, they require much time to set up, program, and measure. These machines require regular calibration to ensure that the 3D points are accurately translated from a coordinate measuring machine to real-world coordinates.
By application, the Inline Metrology Market has been segmented into quality control and inspection, reverse engineering, and others. Among these, inline metrology systems are largely used for quality control and inspection in manufacturing to ascertain the quality and uniformity of all the parts produced in a production line. On the contrary, reverse engineering is used for the inspection of turbine blades, car body parts, and engine parts, among others.
By vertical, the Inline Metrology market has been segmented into automotive, aerospace, semiconductors, energy & power, and others. Among these, the automotive segment is expected to grow at a significant rate throughout the forecast period. Automotive design and styling are some of the important processes in the automotive industry. Inline metrology helps the manufacturer to avoid quality issues in vehicle assembly.
By region, the Inline Metrology market has been segmented as Europe, North America, Asia-Pacific, and the rest of the world. North America was the global market leader in 2019, and it is expected to maintain its dominance throughout the forecast period. Increasing investments in the research & development of automation technologies are expected to propel the demand for inline metrology systems in this region. On the flip side, Asia-Pacific is expected to witness the fastest growth over the forecast period. The increasing adoption of sensors and smart devices in manufacturing facilities is one of the major factors fueling the market growth.
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Global Inline Metrology Market is estimated to grow at a significant rate during the forecast period, 2020–2026. The geographic analysis of the inline metrology market has been conducted for North America (the US, Canada, and Mexico), Europe (the UK, Germany, France, Spain, Italy, and the rest of Europe), Asia-Pacific (China, Japan, India, and the rest of Asia-Pacific), and the rest of the world (the Middle East & Africa and South America). Among these regions, North America dominated the global market in 2019 and is expected to maintain its dominance throughout the forecast period. In contrast, the Asia-Pacific region is expected to witness the fastest growth during the forecast period. The growing adoption of AI and IoT technologies, along with the increasing integration of automation in manufacturing facilities, is expected to fuel the market in this region.
Hexagon AB (HEXA-B (STO)), Faro Technologies ( FARO (NASDAQ)), Nikon Metrology, Inc. (US), Carl Zeiss (Germany), KLA-Tencor (KLAC (NASDAQ)), Jenoptik Group (JEN (ETR)), 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), among others, are some of the prominent players in the inline metrology market.
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