Global Inline Metrology Market Size, Trends & Analysis - Forecasts to 2026 By Product (Coordinate Measuring Machines (CMM), Machine Vision Systems, Multisensor Measuring Systems, Optical Scanners, Laser Trackers, and Others); By Application (Quality Control and Inspection, Reverse Engineering, and Others); By Vertical (Automotive, Aerospace, Semiconductors, Energy & Power, Others); By Region (North America, Europe, Asia Pacific, MEA, and CSA); End-User Landscape, Vendor Landscape, and Company Market Share Analysis & Competitor Analysis
Inline metrology involves measurement, control, and scanning of parts and equipment while a part is in motion. The measurements are reliable, fully automated, and non-destructive. The growing percentage of automation and increasing all round manufacturing lines have driven the requirement for efficient and effective quality control and rapid metrology system. The prime role of the inline metrology system is to perform statistical data analysis and data acquisition. Photovoltaics, displays, OLED/OPV, glass coating, and touch panels are some of the major production areas of the inline metrology system.
The growing acquisition of smart inline metrology solutions, increasing application, and usage of 3D smart sensors are the factors creating the demand of the inline metrology market in present times. Increasing the use of coordinate measuring machines for fast and low price metrology solutions is estimated to add vales to the inline metrology market. Also, ongoing research activities on automation techniques are projected to create opportunities for the market to build revenue in the expected timespan. The growing customized solution demand by automotive manufacturers is creating chances for the companies to cover a larger customer base.
However, overpriced setup and inefficient expertise are the hurdles for the growth of the inline metrology market.
Coordinate measuring machines (CMM), optical scanners, machine vision systems, multisensor measuring systems, laser trackers, and others are the product segmentation of the inline metrology system. Coordinate measuring machines (CMM) is the largest shareholder of the inline metrology market owing to the high demand of the system in various end-users such as aerospace, automotive, energy & power so to ensure the high product quality. Apart from the quality control CMM also offers a high precision model and high accuracy for measurements of fine machine parts. The key advantages associated with the CMM system are excellent accuracy, high flexibility, and reduced setup time which are propelling the inline metrology market.
Applications bifurcations of the inline metrology system are inspection, reverse engineering, quality control, and others. Quality control and inspection are projected to grow at the fastest rate by the 2020-2026 tenure. Various companies are sending their system for outsourcing inspection and check the quality of the control system to eliminate the time required to measure uncertainty, improve testing capabilities, and enable process stability.
Aerospace, energy & power, automotive, semiconductors, and others are the verticals of the inline metrology market. Out of the mentioned verticals, the automotive segment has turned out to be the largest segment contributing to the inline metrology market. The reason behind this significant growth of the segment is the increasing demand for automobiles in countries such as Russia, China, and South Africa, which is pushing for the high-speed inspection of the automotive manufactured parts.
APAC is considered as the biggest manufacturing hub globally and also growing as the large scale hub for manufacturing of automotive. Countries such as India and China are the biggest market contributors for the inline metrology market owing to the increasing demand for automotive particularly from these regions. High per capita income and rapid industrialization and urbanization at a large scale are expected to create a huge void of quality control and inspection of machines that need to be fulfilled by the inline metrology system. The presence of an extensive industrial base and increased funding in the R & D sectors of automotive are the factors creating the APAC as a unique region and also promoting the growth of the market.
The key players operating in the market include Dwfritz Automation, Inc., Metrologic Group, ABB Ltd., Fraunhofer Ise, WENZEL Präzision GmbH, QIS Metrologies AB, LMI Technologies, Cognex Corporation, Perceptron, Ametek, Inc., Mitutoyo Corporation, WENZEL Präzision GmbH, Renishaw plc, Jenoptik Group, KLA-Tencor, Carl Zeiss, Nikon Metrology, Inc., Faro Technologies, and Hexagon AB among others.
Please note: This is not an exhaustive list of companies profiled in the report.
In November 2020, Hexagon AB acquired PAS global, it is one of the leaders of operational technology integrity solutions. The acquisition by Hexagon AB is done to strengthen its industrial lifecycle management capabilities.
In September 2020, Perceptron (U.S.) being the leader of 3D automated metrology solutions and coordinate machine measuring, announced its final agreement to be acquired by the world's leading provider of sustainable productivity solutions, Atlas Copco.
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The Global Inline Metrology Market has been studied from the year 2017 till 2026. However, the CAGR provided in the report is from the year 2018 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Inline Metrology Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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