Global Metrology Services Market By Product (Coordinate Measuring Machines, Optical Digitizers and Scanners), Application (Automotive, Aerospace, Industrial, Power Generation, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Metrology Services Market
Global metrology services market is set to witness a substantial CAGR of 7.25% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Growing demand for finished goods and increasing popularity of metrology services from industrial and power generation applications are the factor for the growth of this market.
Market Definition: Global Metrology Services Market
Metrology services are the service which is offered to the industries for the purpose of measurement. Different hardware and software used for the accurate and high quality result. Portable coordinate measuring machines, light scanners, laser trackers and other are some of the common hardware that is used. It helps the organization to improve their productivity without affecting the requirement of the resource. They are widely used in application such as aerospace, industrial, automotive, power generation and others.
- Increasing security and safety concern will drive the growth of this market
- Rising popularity of connected cars among population will also propel the market growth
- Rising demand for electric, hybrid and luxury vehicles among population also accelerates the market growth
- Growing mechanization in agriculture sector acts as a driving factor
- Complexity associated with the intensification in design will restrict the market growth
- Rising risk of data breaches and cyber-attacks also hampers the growth of this market
Segmentation: Global Metrology Services Market
- Coordinate Measuring Machines
- Gantry Machines
- Bridge Machines
- Articulated Arm Machines
- Horizontal Arm Machines
- Optical Digitizers and Scanners
- 3D Laser Scanners
- White Light Scanners
- Laser Trackers
- Power Generation
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In July 2019, Automated Precision, Inc announced that they have acquired Exact Laser Measurements, Inc so that they can expand their process control metrology automation products in the automotive industry. This will help them to strengthen their position in the market and with new technology will expand their metrology services so that they can provide better services to their customers
- In February 2019, ZEISS Industrial Quality Solutions announced that they have opened their new facility for metrology services at Los Angeles so that they can provide project management, training, services and support. This will help them to meet the need of the customer by providing them different types of the software training
Global metrology services market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of metrology services market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Major Market Competitors/Players
Few of the major competitors currently working in the global metrology services market are Hexagon AB, Carl Zeiss AG, Renishaw plc, Nikon Metrology Inc., Quality Vision International, Optical Metrology Services Ltd, Perceptron, Inc., Intertek Group plc, Dimensional Metrology Services., Marand Precision, Verus Precision Ltd, CREAFORM, East Coast Metrology, LLC, Metalock Engineering Group, Metrology Services, Inc., Rice Lake Weighing System, Roberts Metrology Services, Precision Optical, Covalent Metrology Services, Greywall, Inc, Apex Alabama among others.
Research Methodology: Global Metrology Services Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved