Metrology Market Overview and Analysis:
The industrial metrology market is currently valued at USD 11.2 billion in the year 2023 and is expected to register a CAGR of 6.0% during the forecast period, 2024-2031.
Metrology is the scientific discipline dedicated to the study of measurement, encompassing both theoretical principles and practical applications. It involves the establishment and maintenance of precise measurement standards, calibration of instruments to ensure accuracy, and the development of advanced tools and technologies for measurement purposes.
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