Metrology Software Market by Type (Web-based and Cloud-based), Application (Reverse Engineering, Virtual Simulation, Quality Control & Inspection, Measurement & Alignment, and Others), Industry (Aerospace, Automotive, Defense, Power & Energy, Healthcare, Consumer Electronics, Manufacturing, and Others), and Region (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2023 – 2031
The global metrology software market size was valued at USD 937.58 Million in 2022 and is likely to reach USD 1853.80 Million by 2031, expanding at a CAGR of 7.2% during the forecast period, 2023–2031. The market growth is attributed to the adoption of smart manufacturing practices to maximize industrial output and quality control.
Metrology software demand is expected to grow as companies across various industries are increasingly preferring this software to collect data related to dimensions and analysis of physical attributes such as surface textures, angles, and dimensions of objects or parts.
Organizations are emphasizing providing high-quality products with high efficiency and functionality to gain a competitive edge in the market. The manufacturers are able to manufacture high-quality products with low tolerances for any dysfunctionality.
Metrology solutions are gaining popularity in the industrial landscape due to the growing adoption of smart measurement systems in industrial processes such as energy, manufacturing, automotive, defense, and aerospace, among others.
Metrology software conducts the measurements of objects and parts in the production process with the help of various measurement devices such as laser scanners, optical systems, and coordinate measuring machines. The software evaluates the measurement data and generates measurement routines.
With the integration of AI and machine learning tools, companies competing in the metrology market have new pathways for market expansion. Artificial intelligence can assist in signal analysis to make the measurement more efficient and reliable. In the metrology industry, AI can be used to improve the performance of coordinate metrology by analyzing large amounts of data and identifying patterns that can be used to improve the accuracy and precision of measurements.
Ongoing technological advancements and the growing adoption of Industry 4.0 tools such as laser tracking and 3D scanning help in increasing the efficiency and accuracy of industrial metrology solutions. This results in leading to a higher adoption rate in various industries, creating new market opportunities for the key players.
The market report finds that the COVID-19 pandemic partially affected the metrology software market. The closure of the manufacturing plants due to lockdown measures compelled manufacturers to explore smart and safe ways of handling industrial processes. The industrial plants adopted new technologies to perform the manufacturing tasks such as the measurement of objects and parts and quality control remotely.
Metrology Software Market Dynamics
Major Drivers
Rising adoption of smart factory frameworks by the manufacturing industries is expected to drive the market. The manufacturers are adopting smart manufacturing practices to enhance the industrial output. The automation techniques deployed in the manufacturing processes help manufacturers to maintain accuracy and consistency in industrial applications.
Rising consumer demand for high-quality products is anticipated to drive the market. Industry players offer high-quality products to consumers to gain a competitive advantage over competitors. The precision and accuracy required to manufacture high-quality products are obtained by the application of metrology software in industrial processes.
Existing Restraints
A lack of awareness about the benefits of using metrology software is likely to hinder the market. The cost of integrating metrology software into the manufacturing setup is high, this can also limit the market over the assessment period. Some manufacturers are hesitant to use the software due to the lack of awareness about its benefits.
The metrology software solutions are costly due to lengthy and complex algorithms and the cost of hiring skilled professionals to write them. The high cost of metrology software act as a restraint to the market.
Emerging Opportunities
High-precision measurements required in the electronics and semiconductor manufacturing industry are likely to create significant opportunities for the market. The digital transformation of industrial processes and consumer electronics products has accelerated the growth of the semiconductor industry. The manufacturing of chips and circuit boards requires high-precision measurement processes thus metrology software is increasingly in demand in the electronics and semiconductor industry.
The rising adoption of metrology software in the healthcare sector is likely to create substantial opportunities for the market. The healthcare sector is evolving with the help of digital technologies. Metrology software help in enhancing precision and accuracy in dental CAD/CAM, spectroscopy, additive manufacturing, and neurosurgery.
Scope of Metrology Software Market Report
The market report includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Metrology Software Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2022 |
Historic Data |
2016–2021 |
Forecast Period |
2023–2031 |
Segmentation |
Type (Web-based and Cloud-based), Application (Reverse Engineering, Virtual Simulation, Quality Control & Inspection, Measurement & Alignment, and Others), and Industry (Aerospace, Automotive, Defense, Power & Energy, Healthcare, Consumer Electronics, Manufacturing, and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, Market Trends, and Revenue Forecast |
Key Players Covered in the Report |
Carl Zeiss AG; 3D Systems Inc.; Hexagon AB; Konica Minolta Business Solutions U.S.A., Inc.; CREAFORM; Mitutoyo America Corporation; InnovMetric Software Inc.; Nikon Metrology Inc.; Renishaw plc.; Metrologic Group; Retecon; and Fluke Corpoartion |
Metrology Software Market Segment Insights
Type Segment Analysis
Based on type, the metrology software market is bifurcated into web-based and cloud-based. The cloud-based segment is expected to expand at a significant growth rate during the projection period owing to the availability of silos of data on the cloud platforms and advancements in big data analytics. The cloud platforms provide enhanced feasibility and flexibility to manufacturers in measurement applications.
Cloud computing helps improve business efficiency, cost-effectivity, and profitability. A study conducted by the International Data Group says that 69% of businesses have embraced cloud technology in one capacity or another, and 18% are planning to implement cloud-computing solutions to enhance business outcomes.
Web-based application segment is anticipated to expand at a rapid pace during the forecast period owing to the convenience and flexibility offered by the web-based metrology software systems. Web-based applications are easily accessed through a network and interfaces such as various web browsers or digital access platforms.
Application Segment Analysis
On the basis of application, the market is segregated into reverse engineering, virtual simulation, quality control & inspection, measurement & alignment, and others. The reverse engineering segment is projected to register a considerable CAGR during the forecast period due to the high precision and accuracy offered by the metrology software.
Reverse engineering comprises the process to measure objects to reconstruct the virtual model for manufacturing purposes. The metrology software helps to measure the objects precisely and model them perfectly for production and quality assurance purposes.
Industry Segment Analysis
Based on industry, the metrology software market is segmented into aerospace, automotive, defense, power & energy, healthcare, consumer electronics, manufacturing, and others. The manufacturing segment is expected to register a robust growth rate during the forecast period.
The segment growth is owing to rising industrialization due to the liberalization of economies and the subsequent need for comprehensive measurement systems for quality assurance in the manufacturing sector. The manufacturing sector is a competitive sector due to the rising number of entrants.
The liberalization of economies and supportive government policies have encouraged new players to set up manufacturing plants across the globe. Manufacturers use metrology software to produce high-quality products with perfect dimensions and functionalities.
Regional Analysis
In terms of region, the global metrology software market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to dominate the market during the projection period owing to the growth of the industrial sector due to supportive government policies and the adoption of smart manufacturing practices.
The manufacturing sector in the Asia Pacific region is growing by leaps and bounds due to rising consumer demands for various industrial products. The region has the largest population and is expanding in terms of urbanization, production, infrastructure, and technology at a rapid pace. Manufacturers are adopting metrology software systems to produce high-quality products to remain competitive in the market.
The market of North America is anticipated to expand at a rapid pace during the forecast period owing to the adoption of high-precision measurement systems in industrial and healthcare applications. The metrology software solutions are implemented in industrial applications to manufacture high-precision components in complex machinery. Metrology software systems are used in healthcare applications for precise measurement of cuts during surgeries.
The presence of government committees creates favorable opportunities for market players. Committees such as the National Institute of Standards and Technology (NIST) release documents with the info on standards of measurement that need to be adopted and followed by the companies. The government committees help companies adopt updated standard measurements that are useful for various industries which helps them in further market expansion in the region.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Metrology Software Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Metrology Software Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Metrology Software Market - Supply Chain
4.5. Global Metrology Software Market Forecast
4.5.1. Metrology Software Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Metrology Software Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Metrology Software Market Absolute $ Opportunity
5. Global Metrology Software Market Analysis and Forecast by Types
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Types
5.2.2. Y-o-Y Growth Projections by Types
5.3. Metrology Software Market Size and Volume Forecast by Types
5.3.1. Web-based
5.3.2. Cloud-based
5.4. Absolute $ Opportunity Assessment by Types
5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Metrology Software Market Analysis and Forecast by Applications
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Applications
6.2.2. Y-o-Y Growth Projections by Applications
6.3. Metrology Software Market Size and Volume Forecast by Applications
6.3.1. Reverse Engineering
6.3.2. Virtual Simulation
6.3.3. Quality Control & Inspection
6.3.4. Measurement & Alignment
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Applications
6.5. Market Attractiveness/Growth Potential Analysis by Applications
7. Global Metrology Software Market Analysis and Forecast by Region
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Region
7.2.2. Y-o-Y Growth Projections by Region
7.3. Metrology Software Market Size and Volume Forecast by Region
7.3.1. North America
7.3.2. Latin America
7.3.3. Europe
7.3.4. Asia Pacific
7.3.5. Middle East and Africa (MEA)
7.4. Absolute $ Opportunity Assessment by Region
7.5. Market Attractiveness/Growth Potential Analysis by Region
7.6. Global Metrology Software Demand Share Forecast, 2019-2026
8. North America Metrology Software Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.2. North America Metrology Software Market Size and Volume Forecast by Country
8.2.1. U.S.
8.2.2. Canada
8.3. Absolute $ Opportunity Assessment by Country
8.4. North America Metrology Software Market Size and Volume Forecast by Types
8.4.1. Web-based
8.4.2. Cloud-based
8.5. Basis Point Share (BPS) Analysis by Types
8.6. Y-o-Y Growth Projections by Types
8.7. North America Metrology Software Market Size and Volume Forecast by Applications
8.7.1. Reverse Engineering
8.7.2. Virtual Simulation
8.7.3. Quality Control & Inspection
8.7.4. Measurement & Alignment
8.7.5. Others
8.8. Basis Point Share (BPS) Analysis by Applications
8.9. Y-o-Y Growth Projections by Applications
8.10. Market Attractiveness/Growth Potential Analysis
8.10.1. By Country
8.10.2. By Product Type
8.10.3. By Application
8.11. North America Metrology Software Demand Share Forecast, 2019-2026
9. Latin America Metrology Software Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Latin America Average Pricing Analysis
9.2. Latin America Metrology Software Market Size and Volume Forecast by Country
9.2.1. Brazil
9.2.2. Mexico
9.2.3. Rest of Latin America
9.3. Absolute $ Opportunity Assessment by Country
9.4. Latin America Metrology Software Market Size and Volume Forecast by Types
9.4.1. Web-based
9.4.2. Cloud-based
9.5. Basis Point Share (BPS) Analysis by Types
9.6. Y-o-Y Growth Projections by Types
9.7. Latin America Metrology Software Market Size and Volume Forecast by Applications
9.7.1. Reverse Engineering
9.7.2. Virtual Simulation
9.7.3. Quality Control & Inspection
9.7.4. Measurement & Alignment
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Applications
9.9. Y-o-Y Growth Projections by Applications
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.11. Latin America Metrology Software Demand Share Forecast, 2019-2026
10. Europe Metrology Software Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Europe Average Pricing Analysis
10.2. Europe Metrology Software Market Size and Volume Forecast by Country
10.2.1. Germany
10.2.2. France
10.2.3. Italy
10.2.4. U.K.
10.2.5. Spain
10.2.6. Russia
10.2.7. Rest of Europe
10.3. Absolute $ Opportunity Assessment by Country
10.4. Europe Metrology Software Market Size and Volume Forecast by Types
10.4.1. Web-based
10.4.2. Cloud-based
10.5. Basis Point Share (BPS) Analysis by Types
10.6. Y-o-Y Growth Projections by Types
10.7. Europe Metrology Software Market Size and Volume Forecast by Applications
10.7.1. Reverse Engineering
10.7.2. Virtual Simulation
10.7.3. Quality Control & Inspection
10.7.4. Measurement & Alignment
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Applications
10.9. Y-o-Y Growth Projections by Applications
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.11. Europe Metrology Software Demand Share Forecast, 2019-2026
11. Asia Pacific Metrology Software Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Asia Pacific Average Pricing Analysis
11.2. Asia Pacific Metrology Software Market Size and Volume Forecast by Country
11.2.1. China
11.2.2. Japan
11.2.3. South Korea
11.2.4. India
11.2.5. Australia
11.2.6. Rest of Asia Pacific (APAC)
11.3. Absolute $ Opportunity Assessment by Country
11.4. Asia Pacific Metrology Software Market Size and Volume Forecast by Types
11.4.1. Web-based
11.4.2. Cloud-based
11.5. Basis Point Share (BPS) Analysis by Types
11.6. Y-o-Y Growth Projections by Types
11.7. Asia Pacific Metrology Software Market Size and Volume Forecast by Applications
11.7.1. Reverse Engineering
11.7.2. Virtual Simulation
11.7.3. Quality Control & Inspection
11.7.4. Measurement & Alignment
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Applications
11.9. Y-o-Y Growth Projections by Applications
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.11. Asia Pacific Metrology Software Demand Share Forecast, 2019-2026
12. Middle East & Africa Metrology Software Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Middle East & Africa Average Pricing Analysis
12.2. Middle East & Africa Metrology Software Market Size and Volume Forecast by Country
12.2.1. Saudi Arabia
12.2.2. South Africa
12.2.3. UAE
12.2.4. Rest of Middle East & Africa (MEA)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Middle East & Africa Metrology Software Market Size and Volume Forecast by Types
12.4.1. Web-based
12.4.2. Cloud-based
12.5. Basis Point Share (BPS) Analysis by Types
12.6. Y-o-Y Growth Projections by Types
12.7. Middle East & Africa Metrology Software Market Size and Volume Forecast by Applications
12.7.1. Reverse Engineering
12.7.2. Virtual Simulation
12.7.3. Quality Control & Inspection
12.7.4. Measurement & Alignment
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Applications
12.9. Y-o-Y Growth Projections by Applications
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.11. Middle East & Africa Metrology Software Demand Share Forecast, 2019-2026
13. Competition Landscape
13.1. Global Metrology Software Market: Market Share Analysis
13.2. Metrology Software Distributors and Customers
13.3. Metrology Software Market: Competitive Dashboard
13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
13.4.1. Carl Zeiss AG
13.4.2. 3D Systems Inc.
13.4.3. Hexagon AB
13.4.4. Konica Minolta Business Solutions U.S.A., Inc.
13.4.5. CREAFORM
13.4.6. Mitutoyo America Corporation
13.4.7. InnovMetric Software Inc.
13.4.8. Nikon Metrology Inc.
13.4.9. Renishaw plc.
13.4.10. Metrologic Group
13.4.11. Retecon
13.4.12. Fluke Corporation