Industrial Metrology Market to Grow by USD 3.04 bn | ATT Metrology Services and Baker Hughes Co. Among Key Vendors | Technavio

Read the 120-page report with TOC on "Industrial Metrology Market Analysis Report by Type (Hardware, Software, and Services) and Geography (North America, APAC, Europe, South America, and Middle East and Africa) 2022-2026". Gain competitive intelligence about market leaders. Track key industry opportunities, trends, and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. View our Report Snapshot 

Vendor Analysis:

The industrial metrology market report offers information on several market vendors, including ATT Metrology Services, Baker Hughes Co., Bruker Corp., Cairnhill Metrology Pte Ltd., CARMAR ACCURACY CO. LTD., Creaform Inc., CyberOptics Corp., FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Jenoptik AG, Keyence Corp., Metrologic Group SAS, Mitutoyo America Corp., Nikon Corp., Precision Products Marketing Pvt.Ltd., Renishaw Plc, SGS SA, TriMet Group, and KLA Corp. among others.

The global industrial metrology market is projected to grow rapidly during the forecast period, and this is leading to increasing M&A activities. These acquisitions are being undertaken to aid these companies to expand their geographic presence into a hitherto unreached region or develop value-added services inorganically. The market is growing rapidly as major end-users of metrology services such as aerospace and defense, medical devices, and electronic industries continue to innovate in terms of product offerings and upgraded products. Apart from this, the automotive industry is also witnessing new developments as most automakers are focusing on developing new energy vehicles, such as electric and fuel cell vehicles. This is leading to the development of an entirely new manufacturing value chain in the global automotive industry. Thus, demand for industrial metrology is growing, but the number of independent firms is declining due to the high number of M and A in the market. This is expected to keep the competitive intensity low in the market.

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Industrial Metrology Market Type Outlook (Revenue, USD bn, 2021-2026)

• Hardware - size and forecast 2021-2026
• Software - size and forecast 2021-2026
• Services - size and forecast 2021-2026

Industrial Metrology Market Geography Outlook (Revenue, USD bn, 2021-2026)

• North America - size and forecast 2021-2026
• APAC - size and forecast 2021-2026
• Europe - size and forecast 2021-2026
• South America - size and forecast 2021-2026
• Middle East and Africa - size and forecast 2021-2026

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Regional Analysis

APAC will account for 35% of the market's growth during the forecast period. The aerospace, medical devices, and heavy equipment sectors will drive the industrial metrology market growth in APAC during the forecast period. Market growth in this region will be faster than the growth of the market in other regions. China, Japan, and South Korea are the key countries for the industrial metrology market in APAC.

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1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
• Exhibit 06: Executive Summary – Chart on Incremental Growth
• Exhibit 07: Executive Summary – Data Table on Incremental Growth
• Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 09: Parent market
• Exhibit 10: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 11: Offerings of vendors included in the market definition

• 3.2 Market segment analysis
• Exhibit 12: Market segments

• 3.3 Market size 2021

• 3.4 Market outlook: Forecast for 2021-2026
• Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
• Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
• Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

4 Five Forces Analysis

• 4.1 Five forces summary
• Exhibit 17: Five forces analysis - Comparison between2021 and 2026

• 4.2 Bargaining power of buyers
• Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026

• 4.3 Bargaining power of suppliers
• Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026

• 4.4 Threat of new entrants
• Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026

• 4.5 Threat of substitutes
• Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026

• 4.6 Threat of rivalry
• Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026

• 4.7 Market condition
• Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

5 Market Segmentation by Type

• 5.1 Market segments
• Exhibit 24: Chart on Type - Market share 2021-2026 (%)
• Exhibit 25: Data Table on Type - Market share 2021-2026 (%)

• 5.2 Comparison by Type
• Exhibit 26: Chart on Comparison by Type
• Exhibit 27: Data Table on Comparison by Type

• 5.3 Hardware - Market size and forecast 2021-2026
• Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
• Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
• Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)

• 5.4 Software - Market size and forecast 2021-2026
• Exhibit 32: Chart on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 33: Data Table on Software - Market size and forecast 2021-2026 ($ million)
• Exhibit 34: Chart on Software - Year-over-year growth 2021-2026 (%)
• Exhibit 35: Data Table on Software - Year-over-year growth 2021-2026 (%)

• 5.5 Services - Market size and forecast 2021-2026
• Exhibit 36: Chart on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 37: Data Table on Services - Market size and forecast 2021-2026 ($ million)
• Exhibit 38: Chart on Services - Year-over-year growth 2021-2026 (%)
• Exhibit 39: Data Table on Services - Year-over-year growth 2021-2026 (%)

• 5.6 Market opportunity by Type
• Exhibit 40: Market opportunity by Type ($ million)

6 Customer Landscape

• 6.1 Customer landscape overview
• Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

7 Geographic Landscape

• 7.1 Geographic segmentation
• Exhibit 42: Chart on Market share by geography 2021-2026 (%)
• Exhibit 43: Data Table on Market share by geography 2021-2026 (%)

• 7.2 Geographic comparison
• Exhibit 44: Chart on Geographic comparison
• Exhibit 45: Data Table on Geographic comparison

• 7.3 North America - Market size and forecast 2021-2026
• Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
• Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
• Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)

• 7.4 APAC - Market size and forecast 2021-2026
• Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
• Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
• Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)

• 7.5 Europe - Market size and forecast 2021-2026
• Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
• Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
• Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)

• 7.6 South America - Market size and forecast 2021-2026
• Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
• Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
• Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)

• 7.7 Middle East and Africa - Market size and forecast 2021-2026
• Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
• Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
• Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)

• 7.8 US - Market size and forecast 2021-2026
• Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
• Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
• Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)

• 7.9 China - Market size and forecast 2021-2026
• Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
• Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
• Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)

• 7.10 Germany - Market size and forecast 2021-2026
• Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
• Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
• Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)

• 7.11 Japan - Market size and forecast 2021-2026
• Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
• Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
• Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)

• 7.12 South Korea - Market size and forecast 2021-2026
• Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
• Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
• Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)

• 7.13 Market opportunity by geography
• Exhibit 86: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

• 8.1 Market drivers

• 8.2 Market challenges

• 8.3 Impact of drivers and challenges
• Exhibit 87: Impact of drivers and challenges in 2021 and 2026

• 8.4 Market trends

9 Vendor Landscape

• 9.1 Overview

• 9.2 Vendor landscape
• Exhibit 88: Overview on Criticality of inputs and Factors of differentiation

• 9.3 Landscape disruption
• Exhibit 89: Overview on factors of disruption

• 9.4 Industry risks
• Exhibit 90: Impact of key risks on business

10 Vendor Analysis

• 10.1 Vendors covered
• Exhibit 91: Vendors covered

• 10.2 Market positioning of vendors
• Exhibit 92: Matrix on vendor position and classification

• 10.3 Creaform Inc.
• Exhibit 93: Creaform Inc. - Overview
• Exhibit 94: Creaform Inc. - Product / Service
• Exhibit 95: Creaform Inc. - Key offerings

• 10.4 FARO Technologies Inc.
• Exhibit 96: FARO Technologies Inc. - Overview
• Exhibit 97: FARO Technologies Inc. - Business segments
• Exhibit 98: FARO Technologies Inc. - Key news
• Exhibit 99: FARO Technologies Inc. - Key offerings
• Exhibit 100: FARO Technologies Inc. - Segment focus

• 10.5 Hexagon AB
• Exhibit 101: Hexagon AB - Overview
• Exhibit 102: Hexagon AB - Business segments
• Exhibit 103: Hexagon AB - Key news
• Exhibit 104: Hexagon AB - Key offerings
• Exhibit 105: Hexagon AB - Segment focus

• 10.6 Jenoptik AG
• Exhibit 106: Jenoptik AG - Overview
• Exhibit 107: Jenoptik AG - Business segments
• Exhibit 108: Jenoptik AG - Key news
• Exhibit 109: Jenoptik AG - Key offerings
• Exhibit 110: Jenoptik AG - Segment focus

• 10.7 Keyence Corp.
• Exhibit 111: Keyence Corp. - Overview
• Exhibit 112: Keyence Corp. - Product / Service
• Exhibit 113: Keyence Corp. - Key offerings

• 10.8 KLA Corp.
• Exhibit 114: KLA Corp. - Overview
• Exhibit 115: KLA Corp. - Business segments
• Exhibit 116: KLA Corp. - Key news
• Exhibit 117: KLA Corp. - Key offerings
• Exhibit 118: KLA Corp. - Segment focus

• 10.9 Metrologic Group SAS
• Exhibit 119: Metrologic Group SAS - Overview
• Exhibit 120: Metrologic Group SAS - Product / Service
• Exhibit 121: Metrologic Group SAS - Key offerings

• 10.10 Mitutoyo America Corp.
• Exhibit 122: Mitutoyo America Corp. - Overview
• Exhibit 123: Mitutoyo America Corp. - Product / Service
• Exhibit 124: Mitutoyo America Corp. - Key offerings

• 10.11 Nikon Corp.
• Exhibit 125: Nikon Corp. - Overview
• Exhibit 126: Nikon Corp. - Business segments
• Exhibit 127: Nikon Corp. - Key news
• Exhibit 128: Nikon Corp. - Key offerings
• Exhibit 129: Nikon Corp. - Segment focus

• 10.12 Renishaw Plc
• Exhibit 130: Renishaw Plc - Overview
• Exhibit 131: Renishaw Plc - Business segments
• Exhibit 132: Renishaw Plc - Key offerings
• Exhibit 133: Renishaw Plc - Segment focus

11 Appendix

• 11.1 Scope of the report

• 11.2 Inclusions and exclusions checklist
• Exhibit 134: Inclusions checklist
• Exhibit 135: Exclusions checklist

• 11.3 Currency conversion rates for US$
• Exhibit 136: Currency conversion rates for US$

• 11.4 Research methodology
• Exhibit 137: Research methodology
• Exhibit 138: Validation techniques employed for market sizing
• Exhibit 139: Information sources

• 11.5 List of abbreviations
• Exhibit 140: List of abbreviations

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