Page 24 - MACHINE TOOLS WORLD - September 2021

INDUSTRY FOCUS METROLOGY SECTION

Industry 4.0 technologies. Such technolo- In the year 2020, a report stated that Germany is likely to grow at approximately
gies, including modern metrology, help in the metrology industry was projected to 6.4 per cent CAGR while the rest of the
detecting defects in materials and resolve reach a revised size of US$22.3 billion by European market will reach US$3.9 billion
them at an early stage. Moreover, they also 2027, growing at a CAGR of 7.9 per cent by the year 2027.
make the systems and processes trans- over the analysis period 2020-2027. One Looking at the global services scenario,
parent and fulfil the expectations of the of the segments analysed in the report is it is likely that USA, Canada, Japan, China
customer. hardware, which is estimated to grow at and Europe will drive the 8.9 per cent
The design and fabrication of smart sen- a 7.3 per cent CAGR and reach US$10.2 CAGR estimated for this segment. This
sors have thus emerged as a leading focus billion by the end of 2027. An early market cluster, which accounted for a total
area for researchers in recent times. Along analysis of the commercial implications of market size of US$2.1 billion in 2020, will
with advancements it has become a basic the pandemic and the following economic reach a projected size of US$3.9 billion by
need to have more and more accurate crisis, it is found that growth in the the close of the analysis period.
and precise measurements that lead to software segment has been revised to 8.1 China will continue to be among the
reliable and robust design of smart sen- per cent CAGR for the next seven years fastest growing market in this. With
sors. At present, sensors are being used to 2027. This segment currently accounts countries like Australia, India, and South
to record and analyse data from the most for a 32.5 per cent share of the global 3D Korea, the Asia-Pacific market is forecast
hostile and challenging circumstances like Metrology market. to reach US$2.6 billion by the year 2027.
biomedical measurements, space applica- In 2020, the U.S. accounted for over According to the Technology and Meas-
tions, meteorology applications, physical 29.6 per cent of the global market, while urement Foresighting magazine, in the
and chemical metrology, electrical and China is expected to grow at a 7.4 per cent 2030s metrology will have three primary
electronic measurements. Specifically, CAGR during the period of 2020-2027. priorities:
• Metrology will complement a digitally
enabled global measurement infrastruc-
ture
• Metrology will enhance understanding
of complex systems
• Metrology will add assurance to decision
making

Observers feel that in the days to come
there will be more flexible measuring
software (communication with multiple
systems) that can be programmed with
a user-friendly interface. At present,
measuring systems that are able to
acquire and process massive amount of
sensors help in monitoring the conditions The 3D Metrology market in the U.S. data through high accuracy contactless
of the machines, devices or structures in was estimated at US$3.9 billion in the year measuring systems.
which they are integrated. Despite the 2020. The country currently accounts for a Metrology systems will evolve that
existence of integrated sensor networks, a 29.57 per cent share in the global market. can be integrated into multidisciplinary
wireless sensor network has a long-term The world’s second largest economy, communication networks. Decision
potential as well as importance and can be China, is expected to reach a market size making and data evaluation systems will
made responsible for enhanced through- of US$3.9 billion in the year 2027 growing get better. Real-time measuring systems
put based on the collected data. However, at a CAGR of 7.4 per cent through 2027. for various gdl (100 per cent production
wireless sensor networks still face several Among the other noteworthy geographic control) and new measuring techniques
conceptual and optimisation problems like markets are Japan and Canada, each and technologies will be developed.
tracking, deployment and reliability-related forecast to grow at 7.4 per cent and 6.4
issues. Generally, wireless sensors are per cent respectively over the 2020-2027 Arijit Nag is a freelance journalist who writes
deployed in a harsh environment. period. Among the European countries, on the economy and current affairs.

20 MACHINE TOOLS WORLD SEPTEMBER 2021 www.mtwmag.com