Global Metrology Services Market Size is estimated to expand rapidly in coming years, at a CAGR of 4.8 % from 2018 to 2025. In 2017, the global market valuation was USD 0.57 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. The major growth of this industry is anticipated to increase demand from industrial and energy generation operating systems. Increasing demand for manufactured goods combined with technological advances is anticipated to boost development. Businesses such as automotive, electronics and power generation involve high precision and low threshold parts. In addition, rising global performance requirements for accuracy leadership around the entire industry domain is causing a requirement for metrology tools and services. Moreover, the development of software-led process automation and cloud-enabled metrology software packages are expected to drive the market in the forecast period. Geographically, Asia Pacific region is expected to be the highest growing region in the global market of metrology services.

Global Market Growth Opportunities (Revenue, Growth) By 2017-2025

This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global metrology services market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global metrology services market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.

Segment Analysis

By Product Insights: On the basis of product, global metrology services market has been segmented into CMM and ODS. Among which CMM segment is expected to be the highest growing segment in the global market of metrology services. CMM's capacity to provide positional, dimensional and surface measurement in a continuous scheme is anticipated to be the main driving factor for this section. Moreover, CMM segment provides modules for testing, assembling and design of the parts. The section of Optical Digitizer and Scanner (ODS) is expected to grow at a moderate CAGR over the corresponding period. Laser scanners are capable of capturing complete geometry for inspection and design purposes. They give high precision and enhanced velocity in a real-time procedure.

By Application Insights: On the basis of Application, global metrology services market has been segmented into automotive, aerospace, industrial, power generation, and others. Among which aerospace segment is expected to grow at a higher rate in forecast period. The development of 3D measurement solutions enhanced designing and cloud-based software application platform has driven the growth of metrology services. The segment of automotive applications is anticipated to see moderate development over the market growth due to advances in automobiles arising in enhanced part accuracy. 

Regional Analysis

The metrology services market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players. In terms of region, Asia Pacific region is expected to witness high growth in the market in the forecast period owing to increasing development in the national aerospace and defense sector. Agricultural and electricity generation applications are anticipated to boost the Asia Pacific process control services market. Presence of key players in the emerging countries such as China, India, and Japan are expected to drive the global market in the forecast period.

North America is expected to witness high growth in an upcoming time span. In North America, metrology services are used in different power generation procedures such as shafts, turbines, scroll case geometry and assembly, and other applications. Europe is anticipated to dominate the global metrology services market over the projected period. There are a big number of automotive manufacturers in Europe. Metrology services are most often used for examination in a pilot plant for car assembly in the automotive industry to prevent quality problems when the new car is manufactured.

Global Metrology Services Market Size, Share Analysis by Region 2017

Global Metrology Services Market Study Objective

1. To forecast the market size of the metrology services market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.

2. Market analysis and forecast of metrology services market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.

3. To analyze and elaborate significant factors that will have a major impact on the growth of metrology services market, such as drivers, restraints, challenges, and opportunities.

4. The regional analysis of metrology services market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.

5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.

6. To provide detailed analysis of competitive and strategic developments in the metrology services market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.

Key Players Landscape

Danish Micro Engineering A/S, Renishaw PLC., Hexagon A, Nikon Inc., Carl Zeiss Corporation, and FARO Technologies Inc. are some of the key players in the market of metrology services. In addition, the players are adopting the launch of fresh brands and a few other approaches such as profile marketing in order to obtain a competitive advantage and a higher market presence.

Global Metrology Services Market Study Report Offer You!

The global metrology services market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.