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Metrology Services Market Growth Analysis, Demand and Development Research Report to 2025

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Viraj Patil

The global Metrology Services Market is estimated to witness a healthy CAGR during the forecast period, according to a report available on Million Insights. Metrology refers to scientific high precision way of measuring geometrical properties of assemblies and components being produced by manufacturing facilities. Technologically advanced machines are used to perform accurate measurement of the object for assembling, testing, profiling, design, and reverse engineering of components.

Rising demand for design accuracy and product quality among manufacturing companies to control operational cost is anticipated to propel metrology services market growth. High quality finished goods are going to reduce possibilities to product recall, which will eventually reduce additional operational expenses for manufacturers. Advent of portable metrology equipment and software-based process automation is also expected to impel market growth. Moreover, increasing use of cloud enabled metrology software packages such as point cloud, on-machine, geometric dimensioning will drive the metrology services industry over the forecast period.

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Manufacturing companies are investing in R&D to develop innovative products that can perform according to quality standards being adopting by end-use industries. For instance, in May 2019, API launched portable arm coordinate measuring machine (PCMM). The arm’s features include internal counterbalance for operator’s comfort and automatic detection of tactile probe diameter. In addition, this 7-axis arm includes blue laser scanner to perform accurate, fast, and flexible scanning of complex components. It offers a scanning speed of 600,000 points per second and laser line width of 200mm.

 

Metrology Services Product Outlook (Revenue, USD Million, 2015 - 2025)

  • CMM
  • Gantry Machine
  • Bridge Machine
  • Articulated Arm Machine
  • Horizontal Arm Machine
  • ODS
  • 3D Laser Scanner
  • White Light Scanner
  • Laser Tracker

 

Metrology Services Application Outlook (Revenue, USD Million, 2015 - 2025)

  • Automotive
  • Aerospace
  • Industrial
  • Power Generation
  • Others

 

Some of the key players in metrology services market are Renishaw PLC, Hexagon AB, Nikon Metrology NV, Carl Zeiss Corporation; and Trescal SA. Companies are following business strategies such as new product launch and target marketing to expand their product portfolio. In addition, companies are also looking for mergers and acquisitions to gain competitive edge. For instance, Zeiss Industrial Quality Solutions has recently acquired GOM. The merger is aimed to expand applications and capabilities of optical digitization systems. It will strengthen the leading technological position of Zeiss in the market. In addition, combination of existing solutions and products along with joint innovations will create new business opportunities for the company in coming years.

 

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Regional segmentation includes Europe, North America, Asia Pacific, and Rest of World (RoW). Asia Pacific is expected to witness highest CAGR over the forecast period owing to growth of industrialization and urbanization in developing economies including India and China. China is expected to be the leading producer of steel, chemical, iron, food, and transportation equipment. Thereby, increasing number of manufacturing facilities is driving demand for metrology services in the country. In addition, growth of aerospace and defense industry is expected to impel demand for technologically advanced measuring techniques. Aircraft manufacturers are focusing more on interiors to reflect luxury and lifestyle as never before. Rising focus on safety of passengers through high-precision measurement of aircraft components will drive regional market growth.

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