Measuring Robots Industry Report 2024, Featuring Profiles of 35 Key Players Including ABB, API, Canonical Robots, CMO-SYS, Hexagon, Hilti, Metrologic Group Services, Trimble Construction and Wiest

Market Overview - The global market for Measuring Robots was valued at approximately US $1.3 Billion in 2023 and is projected to reach US$ 4 Billion by 2030, with a compound annual growth rate (CAGR) of 17.4% from 2023 to 2030 [1][6]. Market Drivers - Increasing demand for automation in manufacturing and quality control processes is a primary driver, aimed at enhancing precision and reducing operational costs [2]. - The complexity of modern products, especially in aerospace and automotive sectors, necessitates advanced metrology solutions, driving the adoption of measuring robots [2][3]. - The rise of Industry 4.0 and smart manufacturing initiatives has led to greater integration of measuring robots with IoT and digital technologies, creating new market opportunities [2]. Consumer and Regulatory Influences - Consumer demand for high-quality products and stringent regulatory standards for product safety and performance are significant factors propelling market growth [3]. - Continuous investment in research and development by leading robotics companies is accelerating the adoption of automated measurement solutions [3]. Segment Insights - The Automotive End-Use segment is expected to reach US $1.5 Billion by 2030, growing at a CAGR of 18.8% [4]. - The Electronics & Semiconductor End-Use segment is projected to grow at a CAGR of 17.6% during the analysis period [4]. Regional Analysis - The U.S. market for measuring robots is estimated at$ 342.1 Million in 2023, while China is forecasted to grow at a CAGR of 16.2% to reach $604.8 Million by 2030 [4]. - Growth trends are also noted in other key regions, including Japan, Canada, Germany, and the Asia-Pacific [4]. Technological Advancements - Advances in AI and machine learning are enhancing measurement accuracy, while improved sensor technologies strengthen the business case for measuring robots [5]. - Innovations in 3D laser scanning technology are accelerating demand for measuring robots [5]. - The convergence of robotics with augmented reality (AR) and virtual reality (VR) is creating new measurement capabilities [5]. Competitive Landscape - Key players in the measuring robots market include ABB Ltd., Automated Precision Inc (API), Canonical Robots, and others [8]. - The report provides comprehensive market data, including annual sales and forecasts, as well as detailed insights into key markets globally [7].