Press release
Metrology Services Market | Global Industry Outlook, 2031
The global metrology market is negatively affected by the COVID-19 pandemic. The pandemic has compelled various businesses across industries to realign their customer reach and reformulate their relationship strategies. Advanced metrology services are increasingly harnessing the potential of robotics. Companies are also leaning on providing onsite engineering and equipment services to meet the current and emerging measurement challenges in automotive and energy sectors.View Our Report @ https://www.transparencymarketresearch.com/metrology-services-market.html
The post-pandemic world has, thus, led to some of the game-changing moves by end-use industries, thereby expanding the avenues of the metrology services market. The increasing adoption of automated robots in manufacturing offers real-time measurement data analysis. This permits easy measuring in measurement labs and frequent quality testing.
In addition, top players are aiming at offering customized services to meet the engineering needs of equipment used in these industries. Growing array of advances sensor technologies and significant prospect of IoT will chart new territories of growth for the metrology services market post-COVID-19 world. The demand for repair services is one of the favorable trends. Prominent service providers are keen on leveraging their state-of-the-art inspection laboratories to meet end-user demand in the market.
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Metrology services are measurement services offered by service providers to various end-use industries such as automotive, aerospace, manufacturing, and power generation, among others. The global metrology services market is expected to grow at a rapid pace during the forecast period due to rise in applications in various end-use industries. These services are beneficial in increasing the efficiency by optimizing productivity without affecting the resource requirements. Different types of metrology products are being used independently or as an integrated system for quality control and inspection, 3D measurement, product quality optimization, reverse engineering, etc. during the manufacturing process.
High precision equipment pose a significant challenge to manufacturers to keep their inventory at par due to their high costs. This has given rise to service industry, where third party vendors offer measurement services to the manufacturers.
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Coordinated measuring machines (CMM) and optical digitizers and scanners (ODS) are the products used in the metrology services. The market for CMM is expected to experience lucrative growth opportunities in the upcoming years. ODS provides more precision for the measurement of difficult geometries with touch probe accuracy. Among all the ODS products, the demand for 3D laser scanners is highest due to its high accuracy and better preciseness. Rise in industrialization in Asia Pacific in the past few years, significantly contributing to the expansion of the metrology services market. The rapidly booming automotive industry in Asia Pacific is the largest contributor to the global metrology services market.
Metrology services comprise a wide gamut of monitoring, inspection, and engineering services to a wide range of process industries, including energy, power generation, and automotive. The energy industry is one of the application areas with steadily growing revenue streams for the metrology services market. The business proposition driving the demand for such services are numerous.
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Optimizing asset or resource lifetime, overall cost reduction in processes, and efficient inspection and control of processes are some of the key benefits. A case in point is the rise in demand for such services in the energy industry to enable energy companies comply with stringent regional regulations and international project norms. The growing adoption of protocols of preventative maintenance in the renewable energy sector is a key trend spurring the growth potential for providers in the metrology services market.
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