Industrial Metrology Market

The industrial metrology market is projected to reach USD 19.03 billion by 2030 from USD 14.31 billion in 2025 at a CAGR of 5.9% during the forecast period.

The major growth factors for the industrial metrology market are increasing R&D investments in 3D metrology, rising integration of IoT sensors into industrial metrology solutions, and growing focus on quality control and inspection in precision manufacturing. In addition, growing emphasis on quality control and regulatory compliance in food industry, increasing adoption of cloud-based, IIoT, and Al technologies to store and analyze metrological data, and rising implementation of Industry 5.0 technologies to provide ample opportunities to drive the market growth. Industrial metrology is widely used for quality control and inspection, ensuring precision in manufacturing by detecting defects and deviations. It plays a key role in process optimization, enhancing efficiency and reducing material waste. Metrology is essential for calibration and standardization, maintaining the accuracy of measurement tools and ensuring compliance with industry regulations.

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Major Industrial Metrology companies include:

• Hexagon AB (Sweden)
• Nikon Corporation (Japan)
• FARO (US)
• Carl Zeiss AG (Germany)
• JENOPTIK (Germany)
• KLA Corporation (US)
• Renishaw plc (UK)
• Mitutoyo Corporation (Japan)
• KEYENCE CORPORATION (Japan)
• CREAFORM (Canada)

Hexagon AB uses technology and product development as its main approach to grow its business. The company develops new solutions to bring in new customers and increase sales. Hexagon AB launched its Manufacturing Intelligence division technology in September 2024 to enhance industrial production quality checks. Along with product innovation, acquisitions and partnerships are central to Hexagon AB’s approach to strengthening its technological capabilities and expanding its market reach. In December 2024, the company acquired 3D Systems' Geomagic suite, which includes Design X, Control X, Freeform, and Wrap, tools that convert laser scans into detailed 3D digital models. By making targeted investments and strategic acquisitions, Hexagon AB continues to integrate new technologies, broaden its product portfolio, and expand its sales network, ensuring long-term growth and competitiveness.

Carl Zeiss AG uses both product releases and business alliances to grow organically and position itself better in industrial metrology. The company launched SPECTRUM which became its new line of CMMs that delivered high stability plus flexibility at affordable prices to automotive and electronics manufacturers. Carl Zeiss AG expanded its market position by forming business connections and acquiring companies. Carl Zeiss AG and Vision Engineering joined forces to develop DeepFocus 1 which provides real-time extended depth-of-focus imaging for microscopes. In December 2023 Carl Zeiss AG formed a business association with BORG Automotive A/S, a leading independent automotive parts remanufacturer in Europe. The project works to develop and put into practice automated and visual solutions for today's manufacturing systems to produce better product quality and longer-lasting parts that deliver superior performance.

KEYENCE CORPORATION dominates the industrial metrology field because its automatic measurement tools deliver precise results. The company provides accurate measurement equipment which incorporates touch-probe technology and optical laser sensing for quick and reliable output. The company designs 3D metrology equipment that operates perfectly in production areas and manufacturing facilities. The business grows mainly through its own product development efforts. In June 2023, KEYENCE released the LM-X Series which combines optical laser and touch-probe technologies into a single small unit for high precision measurements. KEYENCE grows its business through both organic and inorganic methods such as partnering with other companies and acquiring companies. In September 2023, KEYENCE released the LJ-X8000 Series which captures target shapes at high resolution to measure them accurately inline.

Market Ranking

The market ranking for key companies such as Hexagon AB (Sweden), Carl Zeiss AG (Germany), JENOPTIK (Germany), KEYENCE CORPORATION (Japan), KLA Corporation (US), and Mitutoyo Corporation (Japan), is based on several key determinants, which include market share, product portfolio, technological innovations, sustainability initiatives, industries served, and global presence.

Hexagon AB holds first position in industrial metrology because they offer a comprehensive product line, invest heavily in research and development, and operate worldwide. Carl Zeiss AG provides superior optical and CMM technology for automotive and aerospace industries. JENOPTIK focuses on optical metrology from Germany and KEYENCE CORPORATION produces high-speed vision and laser measurement systems. Through wafer inspection technology KLA Corporation holds the top position in the semiconductor metrology field. As a major industry participant Mitutoyo Corporation offers many precision measurement tools to customers worldwide. These companies lead their industry by developing new technologies combining their business strategies with Industry 4.0 practices.

Company Evaluation Matrix

Industrial metrology market players' positions are illustrated through the Company Evaluation Matrix which utilizes market share and product range as evaluation criteria. The evaluation method segments companies across four groups called Stars, Emerging Leaders, Participants, and Pervasive Players, to showcase their positions regarding innovative solutions and services with high-precision measurement systems.

Related Reports:

Industrial Metrology Market by CMM, ODS, Measuring Instrument, X-Ray & CT System, AOI System, Form Measurement Machine, 2D Equipment, Quality & Inspection, Reverse Inspection, and Mapping & Modeling - Global Forecast to 2030

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