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Industrial Metrology Market by Type and Geography - Forecast and Analysis 2022-2026

  • Published: Apr 2022
  • Pages: 129
  • SKU: IRTNTR73109
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The industrial metrology market share is expected to increase by USD 3.04 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.62%.

This industrial metrology market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial metrology market segmentation by type (hardware, software, and services) and geography (North America, APAC, Europe, South America, and Middle East and Africa). The industrial metrology market report also offers information on several market vendors, including ATT Metrology Services, Baker Hughes Co., Bruker Corp., Cairnhill Metrology Pte Ltd., CARMAR ACCURACY CO. LTD., Creaform Inc., CyberOptics Corp., FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Jenoptik AG, Keyence Corp., Metrologic Group SAS, Mitutoyo America Corp., Nikon Corp., Precision Products Marketing Pvt.Ltd., Renishaw Plc, SGS SA, TriMet Group, and KLA Corp. among others.

What will the Industrial Metrology Market Size be During the Forecast Period?

Download the Free Report Sample to Unlock the Industrial Metrology Market Size for the Forecast Period and Other Important Statistics

 

Industrial Metrology Market: Key Drivers, Trends, and Challenges

The growing importance of accuracy manufacturing is notably driving the industrial metrology market growth, although factors such as the lack of expertise in handling metrological systems may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial metrology industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Metrology Market Driver

The growing importance of accuracy manufacturing is one of the key drivers supporting the industrial metrology market growth. The manufacturing sectors are constantly facing stress over the issue of quality and precision, as it adversely affects their business outcomes. The compromised product quality may result in tarnishing the image of manufacturers, thereby affecting their sustainable business growth. Moreover, industrial metrology solutions during the production process are essential to increase overall operational productivity. The increased complexity and large-scale production in the manufacturing sector are limiting the accuracy level. However, industrial metrology greatly reduces production and support costs by lowering the levels of waste and rework. This results in higher production efficiency and helps drive demand for industrial metrology. Such increasing demand will drive the industrial metrology market growth during the forecast period.

Key Industrial Metrology Market Trend

Reshoring of the manufacturing industry is one of the key industrial metrology market trends that is contributing to market growth. For instance, at present, the US is putting immense pressure on local manufacturers to bring the manufacturing plants back to their home countries. In modern days, as most manufacturers are implementing automation into their factories, these reshored markets are likely to adopt automated industrial metrology to facilitate more productivity in the plants. Moreover, industrial metrology, due to its ability to handle complex inspections in a more precise and accurate way, will find its application in the reshored manufacturing plants in developed countries, which will propel the growth of the global industrial metrological market during the forecast period.

Key Industrial Metrology Market Challenge

Lack of expertise in handling metrological systems is one of the factors hindering the industrial metrology market growth. Skillful and efficient measuring in the manufacturing industries requires skilled workers in different production lines. These workers should also have expertise in industrial metrology systems and real-time monitoring. But the lack of training centers or industry-specific certification courses limits the number of metrology experts available in the market. While there are automation experts and people with experience in the required applications, the pool of people with both these skills is declining, which is due to the lack of training in developing economies. Thus, the shortage of metrology specialists can have an adverse impact on industrial metrology market growth. 

This industrial metrology market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial metrology market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial metrology market during the forecast period.

Who are the Major Industrial Metrology Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • ATT Metrology Services
  • Baker Hughes Co.
  • Bruker Corp.
  • Cairnhill Metrology Pte Ltd.
  • CARMAR ACCURACY CO. LTD.
  • Creaform Inc.
  • CyberOptics Corp.
  • FARO Technologies Inc.
  • Hexagon AB
  • Intertek Group Plc
  • Jenoptik AG
  • Keyence Corp.
  • Metrologic Group SAS
  • Mitutoyo America Corp.
  • Nikon Corp.
  • Precision Products Marketing Pvt.Ltd.
  • Renishaw Plc
  • SGS SA
  • TriMet Group
  • KLA Corp.

 

This statistical study of the industrial metrology market encompasses successful business strategies deployed by the key vendors. The industrial metrology market is fragmented and the vendors are deploying growth strategies such as increasing M and A activities to compete in the market.

Product Insights and News

  • FARO Technologies Inc. - Under the emerging varticals segment, the company includes 3D design, public safety forensics, and photonics verticals.
  • FARO Technologies Inc. - The company offers industrial metrology that provides a build it metrology software product that simplifies the processes with real-time guidance tools, advanced algorithms and easy-to-set-up automation.  

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial metrology market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Metrology Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial metrology market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Metrology Market?

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35% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea are the key markets for the industrial metrology in APAC. Market growth in this region will be faster than the growth of the market in other regions.

The aerospace, medical devices, and heavy equipment sectors will facilitate the industrial metrology market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The COVID-19 pandemic spread widely across North America, especially in the US, in 2020, which had an adverse impact on market growth. However, since 2021, the COVID-19 vaccination drives have started. After this, everything slowly started returning to normal, with COVID-19-appropriate behavior in place. Thus, due to the resumption of manufacturing and transportation activities, the demand for metrology services will increase in North America and thereby driving the market growth. 

What are the Revenue-generating Type Segments in the Industrial Metrology Market?

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The industrial metrology market share growth by the hardware segment will be significant during the forecast period. Hardware industrial metrology systems are used to measure absolute distances and surface separations ranging from several millimeters to many kilometers. Frequency-modulated continuous wave (FMCW) technique measures the thickness of samples without damaging the material under test. Moreover, hardware industrial metrology systems are gaining popularity, owing to the increasing investments in the manufacturing sectors. Such increasing investment will drive the segment growth during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial metrology market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Metrology Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.62%

Market growth 2022-2026

$ 3.04 billion

Market structure

Fragmented

YoY growth (%)

5.13

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 35%

Key consumer countries

US, China, Japan, South Korea, and Germany

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

ATT Metrology Services, Baker Hughes Co., Bruker Corp., Cairnhill Metrology Pte Ltd., CARMAR ACCURACY CO. LTD., Creaform Inc., CyberOptics Corp., FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Jenoptik AG, Keyence Corp., Metrologic Group SAS, Mitutoyo America Corp., Nikon Corp., Precision Products Marketing Pvt.Ltd., Renishaw Plc, SGS SA, TriMet Group, and KLA Corp.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period

Customization purview

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What are the Key Data Covered in this Industrial Metrology Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial metrology market growth during the next five years
  • Precise estimation of the industrial metrology market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial metrology industry across North America, APAC, Europe, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial metrology market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Type

    • 5.1 Market segments
      • Exhibit 24: Chart on Type - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
    • 5.2 Comparison by Type
      • Exhibit 26: Chart on Comparison by Type
      • Exhibit 27: Data Table on Comparison by Type
    • 5.3 Hardware - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Hardware - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Hardware - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Hardware - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Hardware - Year-over-year growth 2021-2026 (%)
    • 5.4 Software - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Software - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Software - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Software - Year-over-year growth 2021-2026 (%)
    • 5.5 Services - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Services - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Services - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Services - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Type
      • Exhibit 40: Market opportunity by Type ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 APAC - Market size and forecast 2021-2026
      • Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.5 Europe - Market size and forecast 2021-2026
      • Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Japan - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.12 South Korea - Market size and forecast 2021-2026
      • Exhibit 82: Chart on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on South Korea - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on South Korea - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on South Korea - Year-over-year growth 2021-2026 (%)
    • 7.13 Market opportunity by geography
      • Exhibit 86: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 87: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 89: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 90: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 91: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 92: Matrix on vendor position and classification
            • 10.3 Creaform Inc.
              • Exhibit 93: Creaform Inc. - Overview
              • Exhibit 94: Creaform Inc. - Product / Service
              • Exhibit 95: Creaform Inc. - Key offerings
            • 10.4 FARO Technologies Inc.
              • Exhibit 96: FARO Technologies Inc. - Overview
              • Exhibit 97: FARO Technologies Inc. - Business segments
              • Exhibit 98: FARO Technologies Inc. - Key news
              • Exhibit 99: FARO Technologies Inc. - Key offerings
              • Exhibit 100: FARO Technologies Inc. - Segment focus
            • 10.5 Hexagon AB
              • Exhibit 101: Hexagon AB - Overview
              • Exhibit 102: Hexagon AB - Business segments
              • Exhibit 103: Hexagon AB - Key news
              • Exhibit 104: Hexagon AB - Key offerings
              • Exhibit 105: Hexagon AB - Segment focus
            • 10.6 Jenoptik AG
              • Exhibit 106: Jenoptik AG - Overview
              • Exhibit 107: Jenoptik AG - Business segments
              • Exhibit 108: Jenoptik AG - Key news
              • Exhibit 109: Jenoptik AG - Key offerings
              • Exhibit 110: Jenoptik AG - Segment focus
            • 10.7 Keyence Corp.
              • Exhibit 111: Keyence Corp. - Overview
              • Exhibit 112: Keyence Corp. - Product / Service
              • Exhibit 113: Keyence Corp. - Key offerings
            • 10.8 KLA Corp.
              • Exhibit 114: KLA Corp. - Overview
              • Exhibit 115: KLA Corp. - Business segments
              • Exhibit 116: KLA Corp. - Key news
              • Exhibit 117: KLA Corp. - Key offerings
              • Exhibit 118: KLA Corp. - Segment focus
            • 10.9 Metrologic Group SAS
              • Exhibit 119: Metrologic Group SAS - Overview
              • Exhibit 120: Metrologic Group SAS - Product / Service
              • Exhibit 121: Metrologic Group SAS - Key offerings
            • 10.10 Mitutoyo America Corp.
              • Exhibit 122: Mitutoyo America Corp. - Overview
              • Exhibit 123: Mitutoyo America Corp. - Product / Service
              • Exhibit 124: Mitutoyo America Corp. - Key offerings
            • 10.11 Nikon Corp.
              • Exhibit 125: Nikon Corp. - Overview
              • Exhibit 126: Nikon Corp. - Business segments
              • Exhibit 127: Nikon Corp. - Key news
              • Exhibit 128: Nikon Corp. - Key offerings
              • Exhibit 129: Nikon Corp. - Segment focus
            • 10.12 Renishaw Plc
              • Exhibit 130: Renishaw Plc - Overview
              • Exhibit 131: Renishaw Plc - Business segments
              • Exhibit 132: Renishaw Plc - Key offerings
              • Exhibit 133: Renishaw Plc - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 134: Inclusions checklist
                • Exhibit 135: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 136: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 137: Research methodology
                • Exhibit 138: Validation techniques employed for market sizing
                • Exhibit 139: Information sources
              • 11.5 List of abbreviations
                • Exhibit 140: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              The industrial metrology market growth will increase by $3044.73 million during 2022-2026.
              The industrial metrology market is expected to grow at a CAGR of 5.62% during 2022-2026.
              Technavio has segmented the industrial metrology market by type (Hardware, Software, and Services) and geographic (North America, APAC, Europe, South America, and Middle East and Africa).
              ATT Metrology Services, Baker Hughes Co., Bruker Corp., Cairnhill Metrology?áPte Ltd., CARMAR ACCURACY CO. LTD., Creaform Inc., CyberOptics Corp., FARO Technologies Inc., Hexagon AB, Intertek Group Plc, Jenoptik AG, Keyence Corp., Metrologic Group SAS, Mitutoyo America Corp., Nikon Corp., Precision Products Marketing Pvt.Ltd., Renishaw Plc, SGS SA, TriMet Group, KLA Corp. are a few of the key vendors in the industrial metrology market.
              APAC will register the highest growth rate of 34.63% among the other regions. Therefore, the industrial metrology market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
              • US
              • China
              • Japan
              • South Korea
              • Germany
              The key factors driving the industrial metrology market growth are:
              • Growing importance of accuracy manufacturing
              • Reshoring of manufacturing industry
              The industrial metrology market vendors should focus on grabbing business opportunities from the hardware segment as it accounted for the largest market share in the base year.
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