PUBLISHER: Grand View Research | PRODUCT CODE: 1574891
PUBLISHER: Grand View Research | PRODUCT CODE: 1574891
The global metrology equipment market size was estimated at USD 10.0 billion in 2023 and is projected to grow at a CAGR of 6.1% from 2024 to 2030. The growth of the global market is driven by several key factors. Increasing industrial automation and the need for precision in manufacturing processes are major contributors, as industries seek to ensure high quality and accuracy in their products.
The expanding aerospace and automotive sectors drive demand, requiring precise measurements and quality control to meet stringent standards and improve performance. Furthermore, advancements in technology, such as the integration of IoT and smart sensors in metrology equipment, enhance measurement capabilities and data analysis, fueling market expansion.
Global Metrology Equipment Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the global metrology equipment market on the type, end use, and region: