DUBLIN, Nov. 14, 2022 /PRNewswire/ — The “Metrology Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” report has been added to ResearchAndMarkets.com’s offering.
The global metrology services market reached a value of US$ 718.08 Million in 2021. Looking forward, the publisher expects the market to reach a value of US$ 1,019.19 Million by 2027, exhibiting a CAGR of 6.01% during 2021-2027.
Metrology Services Market Trends:
The widespread adoption of metrology services across various industrial verticals can be attributed to the increasing need for effective product measuring solutions to evaluate the geometrical properties of assemblies while ensuring design accuracy and item quality at low-operational expenses. Additionally, the significant expansion in the automotive and aerospace sectors has facilitated the extensive utilization of metrology services for mass manufacturing identical automobile components, including motors, rotators and other sophisticated equipment, which is acting as another growth-inducing factor.
In line with this, the large-scale integration of the Industrial Internet of Things (IIoT) and computer-aided manufacturing (CAM) solutions for optimizing the production process and mitigating item defects are contributing to the market growth. Moreover, the introduction of several cloud-enabled metrology software packages, such as geometric dimensioning, laser scanning technology, and multisensory and robotic metrology, are supporting the market growth.
Other factors, including the escalating demand for production automation in the manufacturing sector, continuous investments by governmental bodies to strengthen industrial infrastructure, and strategic collaborations amongst key players to engineer high-performance metrology services, are creating a positive outlook for the market.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global metrology services market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
- Coordinate Measuring Machines (CMM)
- Gantry Machines
- Bridge Machines
- Articulated Arm Machines
- Horizontal Arm Machines
- Optical Digitizers and Scanners (ODS)
- 3D Laser Scanners
- White Light Scanners
- Laser Trackers
Breakup by Application:
- Automotive
- Aerospace
- Industrial
- Power Generation
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Key Questions Answered in This Report:
- How has the global metrology services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global metrology services market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global metrology services market and who are the key players?
- What is the degree of competition in the industry?
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Metrology Services Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Companies Mentioned
- Carl Zeiss AG
- Creaform Inc. (AMETEK Inc.)
- FARO Technologies
- Hexagon AB
- Intertek Group plc
- Jenoptik AG
- KLA Corporation
- Metrologic Group (Sandvik AB)
- Nikon Corporation
- Renishaw plc
- SGS S.A.
For more information about this report visit https://www.researchandmarkets.com/r/46jqvk
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Research and Markets
Laura Wood, Senior Manager
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SOURCE Research and Markets
