Metrology Services Market Size, Share, Development, Growth and Demand Forecast to 2020 By P&S Market Research

The global metrology services market is growing due to development of enhanced metrology services software packages, lack of applicability of existing measuring equipment, growing pressure on global infrastructure and resources, and lack of trained machine operators. Additionally, the increasing adoption of CAD/CAM and international quality standards in metrology services is also supporting the growth of the global market. The developing outsourcing trend for dimensional check in medical sector and development of the market in emerging economies are two of the major factors, providing ample growth opportunities for the global metrology services market. Moreover, the increased demand to capture large volumes of 3-D data for modeling and analysis, and increased adherence to international quality standards in end-user industries of metrology services are supporting the growth of the global market. The high possibility of changes in the growth potential and trend of the regional market, and absence of a universal system are some of the factors restraining the growth of the global market.

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Among the various regions, North America led the global market in 2014 and is also expected to maintain its dominance during the forecast period. This is due to increasing demand of metrology services in the aerospace and industrial applications in the region. The Asia-Pacific market is expected to grow with the highest rate in the coming years, due to the growing automotive industry and other end user industries, such as manufacturing and medical in the region.

Among the various products, the optical digitizer and scanners segment led the global market in 2014, due to greater accuracy and precision offered these devices, in comparison to the coordinate measuring machines segment. Among all the optical digitizer and scanners, the 3D laser scanners segment is expected to grow with the highest rate in the coming years, due to their ability to contribute in calculating complex geometries with accuracy and touch probe technology. The laser trackers segment is expected to grow with the considerable rate in the coming years, due to their high-speed of operation and enhanced accuracy.

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Among the various applications of metrology services, the industrial segment is expected to grow with the highest rate in the coming years. This is due to the technological developments and increased level of precision in components. Moreover, the increased usage of metrology services in crucial operations, such as mechanical design, inspection, and quality control is also supporting the high growth rate of industrial segment. Among the various applications of metrology services, the automotive segment led the global market in 2014 and is also expected to dominate during the forecast period.

Some of the competitors in the global market are Nikon Metrology NV, Renishaw PLC, FARO Technologies Inc., Carl Zeiss AG, Trescal SA, and Hexagon AB.

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