August 10, 2022

Metrology Software Market Expected to Grow – Metrology and Quality News

According to Frost & Sullivan’s recent analysis, “Global Dimensional Metrology Software Growth Opportunities”, the global market for dimensional metrology software is growing as organizations across all industries accelerate automation to align with their scanning. The study reveals that quality inspection and reverse engineering of components in all applications are key enablers for metrology equipment and software and estimates that the global dimensional software market will reach $850.4 million by 2026 from $613.7 million in 2021, a slight increase at a compound annual growth rate (CAGR) of 6.7%.

“With sustainability becoming the dominant theme across all industries, the focus is on electric vehicles (EV), hydrogen fuel cells and renewable energy sources,” says Ram Ravi, director of industry at Frost & Sullivan. “Improving the efficiency of electric vehicle powertrains and electric motors will drive demand for metrology software.”

Ravi added: “As 30% of manufacturers are in the early stages of digital transformation, the impact of online metrology in manufacturing will be significant over the next two to four years. This trend will encourage suppliers to build software capabilities and couple their solutions with technologies such as artificial intelligence (AI) and machine learning.”

Growing demand for dimensional metrology software by major industry verticals, including automotive, aerospace, and machine shops, presents growth opportunities for metrology software vendors. The study recognized the following areas of growth and opportunity:

Online metrology solutions: Provide real-time quality control through online metrology equipment and advanced software.

Closed loop quality control system: Provide a closed-loop architecture to enable data collection and processing for manufacturing and decision making.

Additive manufacturing (AM): Focus on lightening individual components to drive AM as industries strive to meet sustainability goals.

Integrate AI and ML: Reducing product design cycle time and part tolerancing can be achieved through AI engines powered by metrology data.

The report indicates that existing companies offering product lifecycle management (PLM) solutions will be looking to acquire conventional inspection software companies in the near future and also notes the trend towards machine or machine inspection. line.
metrology paving the way for smarter optical or multi-sensor metrology solutions.

For more information: www.frost.com

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