Robot-based metrology market to reach $396.2M by 2026, Frost & Sullivan
by CM Staff
The consulting firm says changes in automated manufacturing has led to a "paradigm shift" away from manual metrology solutions to automated metrology solutions.
Robot arm 3D. (CNW Newswire)
SAN ANTONIO — Frost & Sullivan’s recent analysis suggests that the global robot-based metrology market will reach $396.2 million by 2026.
The consulting firm says changes in automated manufacturing has led to a “paradigm shift” away from manual metrology solutions to automated metrology solutions.
Further to this, the integration of inspections into shop-floor processes has brought a need to perform measurements without human intervention to minimize errors and reduce the time required for inspections.
A combination of these and other factors help explain the market’s compound annual growth rate of 15.8 per cent.
“With Industry 4.0, automated manufacturing is evolving and further paving the way for automated measurements,” said Shruti Bapusaheb Yewale, industrial research analyst at Frost & Sullivan, in a statement.
“Additionally, it will be critical for industries to integrate measurement and closed-loop control with automated manufacturing processes in the next five years.”
For robot-based metrology system providers with an interest in capitalizing on the growth opportunities, Frost & Sullivan recommends the following steps:
- Work closely with automobile manufacturers to enable product innovation and ensure safety and manufacturing standards compliance.
- Develop systems that allow factory simulation to stay in sync with the physical space to realize end-to-end factory visibility.
- Invest in expanding their product portfolio with advanced software capabilities.
