Metrology Software Market Analysis, Segments, Growth and Value Chain 2014-2020

Metrology is a field of science which involves study of all practical and theoretical aspects of measurements. With the rising sophistication and growing demand for metrology services from different industries, automation has become key criteria to achieve desired levels of efficiency and accuracy. Thus, software solutions used for achieving automation have become critical to ensure metrology devices/equipment perform with utmost efficacy. These metrology software solutions affect the ways through which users interact with measurement systems required in a manufacturing processes. It includes monitoring, controlling, displaying and reporting every part of the measuring process. It also includes understanding and analysis of measurements, surface defect analysis and performance review solutions. Metrology software is recognized for its high accuracy, design flexibility and hardware independent features allowing software support for multiple hardware combinations. Additionally, its capability to integrate several functions within a single unit helps to minimize the size and space requirements of the measuring equipment.

Metrology software is useful in a number of applications that include evaluation and measurement of positional and structure tolerances. Since past three decades, industries have been shifting towards computer aided measurement systems for improvement in quality of the products. Moreover, through accurate measurements, it is possible to reduce the wastage of resources such as fuel, energy and time in manufacturing of a product. Core industries such as automotive, electrical, pharmaceutical, and aviation find extensive use of metrology software. Electrical industry relies on the metrology software for accurate measurement of the electrical components due to growing concerns regarding safety and reliability of these components. In pharmaceutical industry, due to stringent government regulations, metrology software finds use to ensure accuracy in proportion of chemical compounds.

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With emerging trend of precise engineering in instrumentation, the shift towards development of advanced metrology software witnessed a massive boost. This led to the improvement of ground breaking solutions in metrology, delivering accurate results. The next generation metrology software solutions are highly perceptive, fully featured, easy to use and customizable. As the manufacturing industry moves towards complete automation, healthy demand for metrology software is expected in near future. Growing industries such as automobile and aviation that heavily depend upon measurement systems are expected to be major drivers of metrology software market. In addition, international standardization of metrology, which decides upon common issues such as how often each quantity should be measured and what instrument technology be used to measure the same, is another driver for metrology software. Other factors driving growth opportunities of metrology solutions include the increasing application of software in the manufacturing of various parts and products in industries such as biomedical, textile, heavy equipment, shipbuilding, electronics, renewable energy, defense, telecommunications, consumer goods and satellite among others.

Geographically, North America and Europe are pioneers in adoption of metrology software solutions due to extensive growth in automobile industry. Asia-Pacific region, however, is expected to show high growth rate in metrology market due to increasing industries in this region. . Furthermore, the aerospace companies in North America and Europe are expanding their manufacturing units in Asia-Pacific region owing to rising demand and low cost of operation in this region. This is expected to maintain high growth rate of metrology software in near future.

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Some of the leading vendors of the metrology software include AICON 3D Systems GmbH, 3D Systems Corporation, Carl Zeiss Industrial Metrology, ., Hexagon Metrology Inc., Image Metrology A/S, New River Kinematics Inc., Innovative Metrology Solutions, Konica Minolta Sensing Inc., Kotem Technologies Inc., Metrologic Group SA, Micro-Vu Corporation, Nikon Metrology Inc., Optical Gaging Products, Renishaw Plc, , Rudolph Technologies Inc., Verisurf Software Inc. and others.

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