Metrology Services Market By End-Use Application (Industrial Manufacturing, Automotive, Electronics and Electrical, Aerospace, Energy and Power, and Other End-use Applications), By Product (Coordinate Measuring Machines (Articulated Arm Machines, Gantry Machines, Bridge Machines, and Horizontal Arm Machines), and Optical Digitizers and Scanners (3D Laser Scanners and Trackers, and White Light Scanners)) - Growth, Share, Opportunities, Competitive Analysis, and Forecast 2016 - 2023

The resurgence in the industrial sector post economic slowdown coupled with the growing trend towards automated manufacturing units is instrumental in driving demand for metrology solutions and services. Furthermore, advancements in measurement technologies and mounting preference for portable metrology solutions have further fueled market momentum. These factors are expected to contribute towards a compounded annual growth rate (CAGR) of 7.9% during the forecast period 2016 – 2023. However, issues such as lack of product differentiation and the requisite expertise to efficiently operate metrology solutions may pose moderate challenge to the growth prospects over the forecast period. The global metrology services market  is expected to expand at a CAGR of 7.9% from 2016 to 2023, exceeding US$ 985.0 Mn by 2023. 

Metrology Services Market

Report Scope

This report analyzes the global metrology services market in terms of product type, end-use application, and geography. On the basis of product type, the market is segmented into Coordinate Measuring Machines (CMM) and Optical Digitizers and Scanners (ODS). Similarly, on the basis of end-use application, the market for metrology services is further classified into industrial manufacturing, automotive, electrical and electronics, aerospace, and energy and power among others. The geographical distribution of the global metrology services market considered in this study encompasses regional markets such as North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Metrology Services Market

1.1    Report Description

Purpose of the Report

The purpose of this strategic research study titled “Global Metrology Services Market - Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” is to offer industry investors, company executives, and industry participants with in-depth insights to enable them make informed strategic decisions related to the opportunities in the global metrology industry.

Target Audience

  • Industry Investors
  • Metrology Solution Providers
  • Distributors
  • End-users

USP and Key Offerings

The report titled “Global Metrology services Market- Growth, Share, Opportunities, and Competitive Analysis, 2016 – 2023” offers strategic insights into the global metrology services market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on applications, product type, and cross-sectional study across different geographies. In order to help strategic decision makers, the report also includes competitive profiling of the leading metrology services providers their SCOT (Strength, Challenges, Opportunities, and Weaknesses) analysis, market positioning, and key developments. Other in-depth analysis provided in the report includes:

  • Current and future market trends to justify the forthcoming attractive markets within the metrology services market
  • Market fuelers, market impediments, and their impact on the market growth
  • In-depth competitive environment analysis
  • Value Chain Analysis
  • Historic Market Figures (2012 and 2013)
  • SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global metrology services market, offering market size and estimates for the period from 2014 to 2023, keeping in mind the above mentioned factors.

Growing end-use consumption owing to ever rising population has put pressure on manufacturers to supply quality turn-key products in shorter lead times. Metrology services help manufacturers to enhance and improve manufacturing processes by allowing minute measurements and inspection of every element involved. Thus, metrology solutions are increasingly finding adoption across varied industry verticals. On the basis of end-use application, the global metrology services market is categorized into following segments:

  • Industrial Manufacturing
  • Automotive
  • Aerospace
  • Energy and Power
  • Electronics and Electrical
  • Other End-use Applications (Healthcare, etc.)

The contribution of these applications to the global metrology services market in 2015 and 2023 is as shown in the figure below

Metrology Services Market

As of 2015, the global metrology services market was led by the industrial manufacturing segment. The segment accounted for over 28% of the global metrology services market revenue in the same year and is expected to exhibit robust growth during the forecast period. The growing trend towards complete automation in manufacturing facilities bodes well for market growth in this segment.  The automotive was the second largest end-use application market, which accounts for around one-fourth of the global market revenue. The market for automotive metrology services is expected to be driven by growing demand and production of automobiles across the globe.

On the basis of geography, the global metrology services market is segmented into following regions and countries.

  • North America
    • U.S.
    • Canada
  • Europe
    • United Kingdom
    • France
    • Germany
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Rest of Asia Pacific
  • Rest of the World
    • Latin America
    • Middle East and Africa

The contribution of these regions (North America, Europe, Asia Pacific, and RoW) to the global metrology services market in 2015 is as shown in the figure below 

Metrology Services Market

In the base year of 2015, Asia Pacific was the largest metrology services market in terms of revenue. The region is also poised to exhibit strong growth during the forecast period led by demand from India and China. The dominance and anticipated growth in the region can be majorly credited to growing demand for high-precision components in multiple industries including automotive, semiconductors and power generation among others. The trend is expected to continue and the region is poised to retain its leading position throughout the forecast period 2016 – 2023. The demand for metrology solutions and services in the region is also attributed to increasing automation of industrial manufacturing units.

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Published Date:  Jul 2016
Category:  Semiconductor & Electronics
Report ID:   57969
Report Format:   PDF
Pages:   120
Rating:    4.5 (70)
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