Metrology Software Market Size (2024 - 2029)

Metrology Software Market Analysis

The Metrology Software Market size is estimated at USD 1.43 billion in 2024, and is expected to reach USD 2.36 billion by 2029, growing at a CAGR of 10.54% during the forecast period (2024-2029).

• Metrology solutions are witnessing a shift from merely a tool that gathers or collects data to one capable of data analysis and processing. Measurements are conducted in the production process rather than in measuring rooms, fostering the demand for metrology used in a modularized method in plants and production lines and impacting the demand for standard measuring instruments.
• The use of metrology software to inspect manufactured products is one of the critical factors expected to drive the growth of the global metrology software market in the next five years. Advanced nanotechnology, smart materials, flexible electronics, and green manufacturing are the principal factors driving demand for metrology solutions in electronic manufacturing.
• Due to the ongoing digitalization trend across all sectors, the metrology field has noticed the need to change digitally. As the world shifts toward digital transformation, the industry also embraces the transformation, allowing the metrology software market to grow more during the forecast period.
• Metrology software connects the dots among CAD, ERP, MRP, and PLM. Metrology is one of the first challenges when working down the design/build process. Post-CAD measurement data is often necessary to collect missing feature data, create geometry for complex surface profiles, and support manufacturing, engineering, toolmaking, assembly guidance, and quality verification.
• Metrology solutions are expected to become indispensable to electronic manufacturing quality inspection activities. In the rapidly-growing electronic manufacturing industry, end users aim to undertake projects involving new product designs and development. Metrology Software is a suite of applications, scripts, and programs tailored for precise operations on automated measurement machines. This software not only acquires and evaluates measurement data but also streamlines the entire process with a user-friendly interface. In addition, it includes management tools for reporting and ensuring regulatory compliance.
• Statistical process control for semiconductor manufacturing enables the company to maximize yield and quality by simply sampling a small number of wafers out of thousands processed daily. Thus, revenue growth in metrology/inspection systems lags behind the increase in overall equipment.
• Post COVID-19, there has been a significant impact on the technology sector. Disruptions of an electronic supply-value chain and raw material supply have adversely impacted the technology industry. However, the pandemic compelled industries to find safer and more innovative ways to operate smoothly and effectively. Metrology software plays a pivotal role in the manufacturing process by generating digital 2D and 3D models, aiding product designers and engineers in establishing precise measurements and tolerances for prototyping which is driving the market.

Metrology Software Industry Segmentation

Metrology is the science of measurement. Metrology software refers to the computer tools and technology used for this measurement science. This field aims to establish a standard comprehension of all theoretical and experimental metric units and create definitions of different units of measurement in any science or technological field.

The metrology software market is segmented by end-user industry (automotive, aerospace, electronic manufacturing, and other end-user verticals) and geography (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.