DUBLIN--(BUSINESS WIRE)--The "Inline Metrology Market by Offering (Hardware, Software), Product (CMM, Machine Vision Systems, Optical Scanners), Application (Reverse Engineering, Quality Control & Inspection), Industry, and Geography - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global inline metrology market is expected to grow from USD 390 million in 2020 to USD 801 million by 2025, at a CAGR of 15.5%.
The growth of the inline metrology market is driven by the factors such as increasing global adoption of smart metrology solutions, rising global spending on research and development activities for automation technologies, and growing use of smart 3D sensors worldwide.
Quality control and inspection application to hold the largest market share in 2025
The quality control and inspection application is expected to hold the largest share of the inline metrology market in 2025. Manufacturing companies are outsourcing inspection and quality control services to reduce measurement time, eliminate measurement uncertainty, enable process stability, and enhance test instrument capability. The high costs incurred in setting up metrology facilities and the lack of inline metrology experts are the factors expected to hinder the growth of the inline metrology market globally.
Energy & power industry to exhibit highest CAGR during the forecast period
The inline metrology market for the energy & power industry is expected to grow at the largest CAGR during the forecast period. Inline metrology systems can be used to inspect and verify the geometric integrity of parabolic solar mirrors to maximize the power generation output. Similarly, inline metrology is used to inspect wind turbine blades and verify the blade shape for optimum energy conversion. As quality is an essential factor that determines the efficiency of parts such as wind turbines, solar panels, and hydro turbines, inline metrology is preferred for fast and accurate measurements.
APAC to hold the largest market share during the forecast period
APAC is expected to be the largest market for inline metrology during the forecast period. High per capita income and rapid industrialization and urbanization at a large scale are some of the major factors driving the growth of the market in APAC. Also, funding for research and developments in automation and associated technologies and the presence of an extensive industrial base are the major factors that make APAC a dynamic region for the growth of the inline metrology market. China and Japan are the key contributors to the inline metrology market growth in APAC.
- Increasing Global Adoption of Smart Metrology Solutions
- Rising Global Spending on Research and Development Activities for Automation Technologies
- Growing Use of Smart 3D Sensors Worldwide
- High Costs Incurred for Setting Up Inline Metrology Facilities
- Lack of Expertise to Handle Inline Metrology Systems Efficiently
- Increasing Deployment of Ai Technology in Automotive Industry
- Ongoing Adoption of Predictive Analytics by New Business Models
- Growing Demand for Customized Solutions from Automobile Manufacturers
- Operational Complexity of Advanced Inline Metrology Software Solutions
- Lack of Skilled System Integrators
- Faro Technologies
- Nikon Metrology
- Carl Zeiss
- Mitutoyo Corporation
- Lmi Technologies
- Kuka AG
- Fraunhofer Ise
- Metrologic Group
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