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The latest report by IMARC, titled “ MetrologyServicesMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast20 23-2028
” the global metrology services market size reached US$ 769.1 Million in 2022.
Metrology services refer to a scientific field that encompasses the study of measuring instruments used by manufacturers to standardize their equipment. As part of these services, weights and measures are tested, calibrated, and opened, as well as adjusted to meet prescribed tolerances as necessary. In addition to this, metrology also involves the determination of future measurements based on theoretical models and experiments since measurement uncertainties indicate statistical dispersion. Coordinate measurement machines (CMMs), optical digitizers, and laser scanners are some of the most common metrology service machines used for measuring customized components. These devices are utilized for inspecting computer-aided designs (CADs) in three dimensions (3D), analyzing product material, surface, and grain size, and performing three-dimensional (3D) color scanning.
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The global market is majorly driven by the growing adoption of measurement accuracy, design precision and product quality in numerous end-use sectors. This can be attributed to the escalating demand for geometrical precision of assemblies at minimal operational costs in the production process. In addition to this, the emerging trend of factory automation and Industry 4.0 is providing an impetus to the market. Moreover, considerable expansion in the automotive industry resulting in mass production of automobile components and devices are creating lucrative opportunities in the market. Besides this, the advent of precision-aligned advanced driver assistance systems (ADAS), vehicle infotainment panel, and seat and door for supporting passenger safety and comfort is also leading to a higher uptake of metrology services across the sector. The market is further propelled by the rising penetration of the Industrial Internet of Things (IloT), machine learning (ML), and multisensory robotics in various industrial applications. Apart from this, continual technological developments in the supply chain management of the electrical and electronics industry are propelling the demand for metrology services. Some of the other factors contributing to the market include the emergence of cloud-based metrology software packages, growing government investments to facilitate enhanced industrial infrastructure, considerable growth in the aerospace and defense industry, numerous mergers and acquisitions (M&As), collaborations, and research and development (R&D) activities conducted by the key players. On account of the aforementioned factors, the market is anticipated to reach a value of US$ 1,078.6 Million by 2028, exhibiting a CAGR of 5.6% during 2023-2028.
Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProduct:
• Coordinate Measuring Machines (CMM)
• Gantry Machines
• Bridge Machines
• Articulated Arm Machines
• Horizontal Arm Machines
• Optical Digitizers and Scanners (ODS)
• 3D Laser Scanners
• White Light Scanners
• Laser Trackers
BreakupbyApplication:
• Automotive
• Aerospace
• Industrial
• Power Generation
• Others
BreakupbyRegion:
• 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
CompetitiveLandscapewithKeyPlayers:
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
• SGS S.A.
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