Industrial Metrology Companies

Competitive Landscape of Industrial Metrology Market:

The industrial metrology market, encompassing the science and technology of measurement in manufacturing, is witnessing a dynamic shift. Driven by factors like rising focus on quality control, automation adoption, and burgeoning industries like aerospace and electric vehicles, this growth potential has ignited fierce competition, demanding a closer look at the adopted strategies, market share analysis factors, and new players shaping the landscape.

Key Players:

• Hexagon AB


• Renishaw PLC


• FARO Technologies


• Nikon Metrology


• Carl Zeiss AG


• Jenoptik AG


• Perceptron


• Automated Precision Inc.


• KLA Corporation


• Applied Materials Inc

Strategies Adopted by Key Players:

• Product Innovation: Established players like Hexagon, ZEISS, and Nikon Metrology are investing heavily in R&D, churning out next-generation equipment like high-precision scanners, portable CMMs, and AI-powered metrology software. Startups like Creaform and GOM are pushing the boundaries with 3D printing enabled calibration and cloud-based data management solutions.


• Mergers and Acquisitions: The market has seen a wave of consolidation with industry giants acquiring niche players for technological expertise and market access. Hexagon's acquisition of Creaform and Nikon Metrology's consolidation with Vectra are prime examples. These mergers aim to create comprehensive product portfolios and reach new customer segments.


• Strategic Partnerships: Collaboration is key, evidenced by partnerships between metrology players and technology providers like Microsoft and Siemens. These alliances enable integrated solutions that combine measurement data with automation and digital platforms, driving Industry 4.0 adoption.


• Focus on Services: Beyond offering equipment, established players like ZEISS and FARO are expanding their service offerings. Training programs, calibration services, and on-site consulting are becoming crucial value propositions, particularly for smaller manufacturers navigating complex metrology needs.

Market Share Analysis:

• Market Segmentation: Analyzing market share depends on segmenting the market based on factors like geography, product type (CMMs, scanners, software), application (quality control, reverse engineering), and end-user industries (automotive, aerospace, electronics). Each segment has its own leading players and growth dynamics.


• Revenue and Brand Recognition: Established players like Hexagon and ZEISS lead the market in terms of revenue share, leveraging their global reach and brand recognition. However, niche players like GOM and FARO are carving out strong positions in specific segments like portable scanning and 3D inspection.


• Technological Expertise and Innovation: Companies with cutting-edge technology and a consistent flow of innovative solutions often command higher market share, attracting customers seeking advanced capabilities. For example, Nikon Metrology's leadership in optical CMMs and Creaform's expertise in handheld scanners provide them with distinct advantages.

New and Emerging Companies:

• Software Startups: Startups like VisiOtech and QDM are disrupting the market with AI-powered metrology software. These solutions simplify data analysis, automate measurement processes, and improve quality control workflows, particularly for smaller manufacturers.


• 3D Printing and Robotics Integration: Companies like Stratasys and ABB are combining metrology with 3D printing and robotics, enabling closed-loop manufacturing processes. This integration streamlines production, reduces errors, and optimizes resource utilization.


• Low-Cost, Portable Solutions: Startups like X-Rite and Keysight are addressing the needs of small and medium-sized businesses by developing affordable, portable metrology solutions. These compact scanners and measurement devices make precision measurement accessible for a wider range of manufacturers.

Industry Developments

Hexagon AB:

• October 26, 2023: Acquired Veripos, a leading provider of GNSS and inertial navigation solutions, for $140 million. This expands Hexagon's metrology capabilities into the high-precision positioning market.


• November 15, 2023: Announced a new partnership with Siemens to develop integrated metrology solutions for the automotive industry.


• December 12, 2023: Reported strong Q4 2023 results, with Industrial Metrology division revenue up 11% year-over-year.

Renishaw PLC:

• October 4, 2023: Launched the Equator 500, a new high-speed, high-accuracy coordinate measuring machine (CMM) for the aerospace and automotive industries.


• November 8, 2023: Announced a new collaboration with the University of Bristol to develop advanced metrology solutions for additive manufacturing.


• January 10, 2024: Reported a 10% increase in half-year revenue for 2023, with strong demand for its metrology equipment across various industries.