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Global metrology software market driven by high demand for quality control

Source:Frost & Sullivan Release Date:2022-07-29 842
Industrial MetalworkingMetalworkingMeasuring & Control System
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The global dimensional metrology software market is expected to reach US$850.4 million by 2026 from US$613.7 million in 2021, an uptick at a compound annual growth rate (CAGR) of 6.7%.

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The global market for dimensional metrology software is growing as organisations across sectors expedite automation to align with their digitalisation agendas. Frost & Sullivan's recent analysis, Global Dimensional Metrology Software Growth Opportunities, finds quality inspection and reverse engineering of components across applications to be key enablers for metrology equipment and software. Therefore, the global dimensional software market is expected to reach US$850.4 million by 2026 from US$613.7 million in 2021, an uptick at a compound annual growth rate (CAGR) of 6.7%.

 

"With sustainability becoming the overarching theme across industries, focus on electric vehicles (EV), hydrogen fuel cells, and renewable energy sources is growing," said Ram Ravi, Industry Principal at Frost & Sullivan. "Improving the efficiency of EV powertrains and electric motors will drive demand for metrology software."

 

Ravi added: "As 30% of the manufacturers are in the early stages of digital transformation, the impact of in-line metrology in manufacturing will be prominent in the next two to four years. The trend will encourage vendors to strengthen their software capabilities and couple their solutions with technologies such as artificial intelligence (AI) and machine learning."

 

The increasing demand for dimensional metrology software by key industry verticals—automotive, machine shops, and aerospace—presents lucrative growth opportunities for vendors, including:

Additive manufacturing (AM): Focus on lightweighting individual components to drive AM as industries strive to achieve their sustainability targets.


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