Industry 4.0 is making inroads into several industrial sectors, creating massive demand for measurement and inspection technologies offering superior reliability precision, and stability. There has been a quantum leap in growth of the global industrial landscape, resulting in higher demands for high-quality precision measuring tools for reduced turnaround time and costs. Rising end user focus on quality-orientated operations as a key to high competitiveness is fuelling investments in the precision measuring tools market. Sensing the importance of a synchronized production as an essential aspect in optimal productivity, operators of manufacturing industries are willing to spend on better-than-the-rest precision measuring tools more than ever before.