Metrology Software Market Size

Metrology Software Market Analysis

The Metrology Software Market size is estimated at USD 1.43 billion in 2024, and is expected to reach USD 1.43 billion by 2029, growing at a CAGR of 0.08% 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.
• 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.
• With the outbreak of 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. On the other hand, the market was hampered due to limited manufacturing activities carried out due to covid lockdown.