Metrology Services Market Size 2022, Top Companies Analysis, Share, Trends, Business Model and Forecast by 2027

The latest research study "Metrology Services Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" by IMARC Group, finds that 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.

COVID-19 Impact on Market: (Positive Impact)

As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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Industry Definition and Application:

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.

Global Metrology Services Market Trends and Drivers:

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.

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Global Metrology Services Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these top key players include:

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.

The report has segmented the market on the basis of region, product and application.

Breakup by Product:
• Coordinate Measuring Machines (CMM)
o Gantry Machines
o Bridge Machines
o Articulated Arm Machines
o Horizontal Arm Machines
• Optical Digitizers and Scanners (ODS)
o 3D Laser Scanners
o White Light Scanners
o 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

If you want latest primary and secondary data (2022-2027) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:
• Market Performance (2016-2021)
• Market Outlook (2022- 2027)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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