Global Metrology Software Market is Estimated to Witness High Growth Owing to Increasing Demand for Quality Control and Inspection and Sustained Adoption of Industry 4.0
The Global Metrology Software Market is estimated to be valued at US$ 12.46 Bn in 2024 and exhibit a CAGR of 7.4% over the forecast period 2024-2031. The demand for metrology software is rising substantially due to increasing requirement for quality control, inspection and measuring functional surfaces in various industries. Furthermore, the sustained adoption of industry 4.0 standards across manufacturing sector is also driving the market growth.
Market Dynamics:
The global metrology software market growth is primarily driven by increasing demand for quality control and inspection across industries. Metrology software aids in accurately measuring physical geometrical characteristics of components and helps improve quality control processes. Advanced metrology solutions offer digitization of inspection process and integrate with other manufacturing execution systems.
Growing adoption of industry 4.0 is another key factor augmenting the market growth. Integration of metrology software with smart factory concepts such as industrial IoT, AI, 3D printing etc. helps achieve enhanced productivity, reduce downtime, and automated defect detection. Major players are focusing on developing comprehensive metrology platforms with features including first article inspection, SPC functionality, CAD comparisons and reporting tools to capitalize on industry 4.0 trends.
Increasing Adoption of 3D Scanning Technology Driving Market Growth
The global metrology software market is witnessing significant growth due to the increasing adoption of 3D scanning technology across various industries. 3D scanning helps in digitizing physical objects which can then be inspected, measured, and analyzed digitally using metrology software. It offers accuracy and eliminates human errors involved in manual measurement processes. Industries such as automotive, aerospace and manufacturing are extensively using 3D scanners along with metrology software for quality inspection and reverse engineering applications. The technology is also finding applications in fields like healthcare, entertainment, and cultural heritage documentation. The ability of 3D scanning to capture minute details at high precision is fueling its demand. This is directly contributing to the revenue growth of metrology software vendors.
Growing Need for Quality Control and Automation of Measurement Processes
With growing global competition, quality control has become one of the most important factors for businesses. Metrology software aids in automating dimensional measurement and inspection processes, reducing manual errors and variations. It helps operators document measurement results with calibration certificates and provides traceability. Industries are actively adopting automated metrology solutions to meet stricter quality standards and compliance norms. Metrology software integrated with CMMs (Coordinate Measuring Machines), 3D scanners and other metrology hardware automates repetitive measurement tasks, frees up resources and improves productivity. The need for measurement automation and quality assurance is a key driver propelling the global metrology software market.
Limited Technical Expertise Restraining Wider Adoption
One of the major challenges faced by metrology software vendors is the lack of domain expertise among potential customers. Effective deployment and utilization of metrology solutions require technical know-how and training which are not widely available. Complex software interfaces and steep learning curves make it difficult for non-experts to adopt these systems. This acts as a barrier, especially for SMEs and mechanic shops with resource constraints. High initial costs of metrology hardware and software also limit their accessibility. Absence of technical skills leads to under-usage of advanced features. Limited expertise remains a key restraint for metrology software providers looking to expand their customer base. Vendors are focusing on simplifying interfaces and providing customized training programs to address this challenge.
Growing Focus on Industry 4.0 Creating New Opportunities
Industry 4.0 is revolutionizing manufacturing processes through connectivity, data exchange, and technology integration. There is growing focus across industries on implementing smart factory solutions enabled by IoT, cloud, analytics etc. Metrology software can play a crucial role in enabling digitization of dimensional inspection and realizing an end-to-end digital thread. Vendors are coming up with new applications around data connectivity, remote asset management, predictive maintenance, digital twins etc. based on cloud and cyber physical systems. Software platforms are being enhanced to facilitate collaboration through mobile access and integration with other shop floor IT systems. This wide scope for digital transformation presents lucrative growth opportunities for metrology software providers going forward.
Emerging Applications in Additive Manufacturing Setting the Momentum
Additive manufacturing (AM) is poised to dramatically change design and production landscapes with its layer-by-layer fabrication approach. However, lack of standardization and reliability issues are major bottlenecks. Metrology software can help address these challenges through in-process and post-process quality control of AM parts. Applications are being developed for defect detection, dimensional inspection, distortion analysis and certification of 3D printed components. As AM adoption accelerates across industries, demand is rising for integrated metrology solutions ensuring reproducibility and traceability. This presents a massive opportunity for software companies to drive standardization and certification. Growing commercialization of AM technologies will further propel the metrology software market in coming years.
Link - https://www.coherentmarketinsights.com/market-insight/metrology-software-market-5223
Key Developments:
- In September 2022, ZEISS Industrial Quality Solutions, a leading provider of advanced measurement and inspection technologies, introduced ZEISS Quality Suite. This new offering combines ZEISS 3D metrology software into a single platform and includes a range of digital services. The ZEISS Quality Suite provides metrologists with access to the latest news, events, training opportunities, intuitive online help, and updates.
- In August 2022, 3D Infotech, a leader in metrology and automation solutions, announced new releases of its Streamline and Spotlight AR++ software as part of its Universal Metrology Automation (UMA) platform. The updated Spotlight AR++ expands 3D Infotech’s capabilities from guided metrology workflows to guided assembly applications, while the latest version of Streamline introduces enhanced support and advanced settings for devices from LMI Technologies, Cognex, Universal Robots, and more.
- In March 2022, Nikon Metrology, a renowned provider of precision measurement and inspection solutions, released the latest version of its AutoMeasure software, version 13. This update introduces two new features designed to enhance system performance, reduce operational costs, and boost productivity, providing a competitive edge for manufacturing companies and inspection bureaus.
- In September 2021, Nikon Metrology, a leading provider of advanced measurement and inspection technologies, introduced a new offset CT reconstruction algorithm with the latest version of its Inspect-X software. This update enhances the software’s ability to scan larger components with higher geometric magnifications. The Offset.CT module is compatible with all Nikon Metrology X-ray CT systems ranging from 180kV to 450kV. By integrating the latest Rotating.Target 2.0, adjustable FID, and Offset.CT technologies, the software significantly reduces cycle time and improves resolution, even for large and complex components.
Key Players:
Adept Technology Inc., API Metrology (Applied Precision Inc.), Carl Zeiss AG, GOM Metrology (A ZEISS Group Company), Hexagon AB, JMP (SAS Institute Inc.), Keyence Corporation, Mitutoyo Corporation, Nikon Metrology, Inc., Optical Gaging Products, Inc. (OGP), Perceptron Inc., PolyWorks (InnovMetric Software Inc.), Renishaw plc, Siemens Digital Industries Software, and Zeiss Industrial Metrology
