Metrology Market – Global Industry Analysis and Forecast (2024-2030)

Metrology Market was worth US$ 10.29 Bn in 2023 and total revenue is expected to grow at a rate of 6.8 % CAGR from 2024 to 2030, reaching almost US$ 16.31 Bn in 2030.
Metrology Market Overview:

The science of measurement is known as metrology. It establishes a shared concept of units and is crucial in connecting human activities. The term metrology is used to describe the process of enforcing, validating, and verifying predetermined traceability, accuracy, and reliability criteria. These variables are significant because they influence measurement validity. Because these criteria can differ greatly, the government and the relevant authorities have imposed them. As a result, these standards are validated and evaluated in calibration laboratories against a recognized quality system. Industrial metrology is used to assure the proper operation of instruments used in a wide range of businesses. It also guarantees that measurement instruments are adequate, including their maintenance, quality control, and proper calibration.