The latest research study by IMARC Group, “Metrology Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on global metrology services market. The global metrology services market reached a value of US$ 718.08 Million in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 1,019.19 Million by 2027, exhibiting a CAGR of 5.80% during 2022-2027.
Metrology Services Industry Outlook:
Metrology services represent the scientific field concerned with the study of measurements commonly used by manufacturing industries to standardize machinery. They involve calibrating, testing, and weight opening as the major procedures performed through optical digitizers, coordinate measurement machines (CMM), and laser scanners. Metrology services assist in performing three-dimensional (3D) color scanning, providing precise measurement of customized components, inspecting computer-aided designs (CADs), and examining multiple products with higher accuracy. As a result, these techniques find widespread applications across various sectors, such as industrial, aerospace, automotive, power generation, etc.
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The escalating need for effective product measuring solutions to evaluate the geometrical properties of assemblies while ensuring item quality and design accuracy at low-operational expenses is primarily driving the metrology services market. Besides this, the rising utilization of these techniques in aerospace and automotive industries to mass manufacture identical automobile components, including rotators, motors, and other sophisticated equipment, is further augmenting the market growth.
Moreover, the introduction of several cloud-enabled software packages, such as laser scanning technology, geometric dimensioning, multisensory and robotic metrology services, is also catalyzing the global market. Apart from this, the incorporation of the industrial internet of things (IIoT) and computer-aided manufacturing (CAM) solutions for optimizing the production process and mitigating item defects is acting as another significant growth-inducing factor.
Furthermore, the growing popularity of production automation in the manufacturing sector and the rising collaborations amongst key players to engineer high-performance techniques are expected to bolster the metrology services market in the coming years.
|Metrology Services Market Report Scope|
|Market size value in 2021||US$ 718.08 Million|
|Market forecast in 2027||US$ 1,019.19 Million|
|Growth Rate||CAGR of 5.80% from 2022 to 2027|
|Base year for estimation||2021|
|Report coverage||Revenue forecast, company ranking, competitive landscape, growth factors, and trends|
|Market Dynamics||Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,|
|Customization preview||If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.|
Key Market Segmentation:
The report has segmented the global metrology services market on the basis of product, application and region.
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:
- Power Generation
Breakup by Geography:
- 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
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List of Key Companies Covered in this Market Report:
The major players in the market are 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 and SGS S.A.
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About IMARC Group:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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