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Industrial Metrology Market Research Growth by Manufacturers, Regions, Type and Application, Forecast Analysis to 2025
Press release from: Data Bridge Market Research
Global Industrial Metrology Market, By Offering (Hardware, Software, Services, Solutions), By Equipment (Coordinate Measuring Machine, Measuring Instruments, Automated Optical Inspection, Optical Digitizer & Scanner, 2D Equipment, X-Ray & Computed Tomography), By Application, By End User, By Geography (North America, Asia-Pacific, Europe, South America, Middle East & Africa)– Industry Trends and Forecast to 2025
Global Industrial Metrology Market accounted for USD 9.0 billion in 2017 and is projected to grow at a CAGR of 6.50% during the forecast period of 2018 to 2025. The upcoming market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Major Market Drivers and Restraints:
Rising demand for assessment facilities from the precision manufacturing industry
Growing concentration towards quality control
Acceptance of cloud services to assimilate the metrological data
Drawbacks of traditional measurement devices with respect to find out different manufacturing related issues
Lack of skilled personnel
Increased in the set up cost for metrology facility
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The global industrial metrology market is segmented based on offering, equipment, application, end user and geographical segments.
Based on offering, the market is segmented into hardware, software, services and solutions. Services are sub segmented into after-sales services and measurement services.
The global industrial metrology market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors:
Some of the major players in global industrial metrology market are:-
FARO Technologies, Inc.,
jlm advanced technical services Inc.,
Precision Products and Cairnhill Metrology
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Key Questions Answered in Global Industrial Metrology Market Report:-
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