# Metrology Services Market Set to Exceed USD 1518 Million by 2030 Due to Evolving Industry Demands

## Advent of the Industrial Internet of Things (IIoT), Advancements in Automation and Technological Innovations Propel Market Growth

In recent projections unveiled by SNS Insider, the [****Metrology Services Market****](https://www.snsinsider.com/reports/metrology-services-market-2207), valued at USD 864 Million in 2022, is anticipated to reach a staggering USD 1518 Million by 2030. This significant surge, exhibiting a compound annual growth rate (CAGR) of 7.3% from 2023 to 2030, underscores the evolving landscape of measurement services across industries.

Metrology services, crucial in enabling precise measurements across diverse sectors, encompass a suite of solutions aiding manufacturers in enhancing production processes. These services facilitate comprehensive assessments and measurements, integral for ensuring quality control, optimizing product quality, conducting 3D measurements, and enabling reverse engineering within the manufacturing sphere.

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### **Key Players Included in this Report are:**

- KLA Corporation
- Hexagon AB
- Jenoptik
- SGS Group
- Intertek Group
- Renishaw
- Carl Zeiss AG
- Sasco Metrology Services
- Faro Technologies
- Metrologic Group
- Others

### **Metrology Services MarketAnalysis**

The automotive industry's escalating demand for metrology services stands as a primary catalyst propelling market growth. Embracing technological advancements and smart automation has unlocked a realm of opportunities for global market players. The advent of the Industrial Internet of Things (IIoT) has further spurred the adoption of automation and efficient metrology practices, projecting a promising trajectory for the market. Industries, spanning electronics, power generation, and automotive sectors, now seek precisely measured components, fostering a landscape ripe with opportunities for market stakeholders.

### **Market Segmentation Analysis**

The dominance of the Coordinate Measuring Machine (CMM) segment prevails, driven by its ability to deliver positional, dimensional, and surface measurements in a single system. CMM's precision in testing, designing, and reverse engineering, coupled with its high demand for calibration and retrofitting, propels its expansion. Additionally, Optical Digitizer and Scanner (ODS) segments exhibit rapid growth with their prowess in capturing entire geometries for inspection and engineering purposes.

Within applications, aerospace emerges as a frontrunner, driven by the development of advanced 3D measurement solutions. The automotive sector follows suit, buoyed by technological advancements mandating precision in components and equipment alignment.

### **Market Segmentation and Sub-Segmentation Included are:**

#### **On The Basis of Product:**

- CMM
- Gantry Machines
- Bridge Machines
- Articulated Arm Machines
- Horizontal Arm Machines
- ODS
- 3D Laser Scanners
- White Light Scanners
- Laser Trackers

#### **On The Basis of Application:**

- Automotive
- Aerospace
- Industrial
- Power Generation
- Others

### **Regional Dynamics**

North America, home to numerous automotive giants, leads the market share owing to widespread adoption of metrology services in vehicle assembly operations. Conversely, Asia-Pacific emerges as the fastest-growing region, fueled by burgeoning defense, aerospace, and industrial applications.

### **Key Takeaways**

- Automotive and Aerospace Dominance: Industries like automotive and aerospace significantly drive the metrology services market, demanding precision and advanced measurement solutions.
- Technological Advancements: Continuous technological innovations, especially in 3D measurement solutions, propel market growth and adoption rates.

### **Recent Developments**

Renishaw's collaboration with Verisurf Software Inc. aims to synchronize Renishaw's CMM software, while FARO Technologies' acquisition of HoloBuilder, Inc. brings photogrammetry-based 3D platforms to the digital twin market, fortifying their positions in this evolving landscape.

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