Metrology Market 2019 Global Competitors Strategy, Size, Regional Study, Business Trends and Industry Profit Growth by Forecast to 2027
Global Metrology Market Information, by Type (Industrial, Scientific, Legal), by End-user (Manufacturing, Automotive, Aerospace, Consumer products, Heavy industry) and is expected to grow at 6.82% CAGR (2016-2027)
Pune, India – July 10, 2019 /MarketersMedia/ —
Metrology Market Overview:
Metrology deals with the scientific study of measurements with respect to the industry standards and various units of parameters. The evolving measurement techniques integrated with rapid technological advancement is supplementing the demand of accurate and reliable metrology products. Market Research Future (MRFR) has recently availed a report providing comprehension and perception of the current trends of the global metrology market.
The use of technically advanced devices for measurement is also one of the key factor driving the metrology market.The study reveals that emerging high tech robots serviceable in automation, energy harvesting, and semiconductor wafer inspection is also responsible for the positive growth of metrology market. Apart from it lack of skilled labour to operate precision equipment such as CMM is restraining the metrology market. Also, the poor utility value of implemented machines is aiding the market growth of metrology measurements.
The Metrology Market is growing rapidly over 6.82% of CAGR and is expected to reach at USD 1255.5 million by the end of forecast period.
Major Key Players:
Some of the major players in Global Metrology Market include Hexagon AB (Sweden), Carl Zeiss (Germany), Mitutoyo Corporation (U.S), Nikon metrology (Belgium), Renishaw (U.K.), Metrology Software Product Ltd. (U.K.), Pantec Metrology (Germany), Perceptron Inc.(U.S.), 3D Digital Corporation (U.S.) and Faro Technologies (U.S.). among others, are profiled in MRFR Analysis and are at the forefront of competition in the global Metrology market.
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Industry News:
April 2018, Nikon Metrology declared that ASF Metrology is intending to acquire Nikon Metrology’s coordinate measuring machines (CMM) business. Once the acquisition is done, all CMM production, development, sales and service activities, including the CAMIO software, will be transferred to ASF Metrology, Even after the acquisition Nikon Metrology is expected to serve a number of selected accounts as part of a strategic marketing partnership where both companies is presumed promote each other’s products and services.
March 2018, Metrology software products ltd (MSP) has revealed their new product, AutoClock at MACH 2018. The AutoClock allows fully automate the probe calibration process which offers fast, accurate and automated tool axis setting. The product also provides the probe to complete the automatic calibration process without any manual work.
Metrology Market Segmentation:
Segmentation by Type: Industrial metrology, scientific metrology and legal metrology among others
Segmentation by Product: CMM (coordinate measuring machine), optical digitizers, 3D scanners and Laser tracker
Segmentation by End-user: Aerospace, automotive, consumer electronics, industrial, and energy & power
Segmentation by application platform: Android Platform, iOS Platform, and others
Segmentation by Region: North America, Europe, Asia Pacific, and the Rest of the World.
Metrology Market Regional Analysis:
Geographically, the Metrology market are categorized into four regions namely North America, Europe, Asia Pacific, and Rest of the World.
North America is presumed to have significant growth in the Metrology market. The U.S. and Canada are leading countries in the region. The market growth is due to presence of large number of companies involved in Metrology Market. Europe is also expected to have a substantial growth in the market.
The market growth is attributed to the countries such as Germany, U.K, and France are increasingly adopting latest 3D scanning technologies to improve product quality and efficiency across various industries. Asia Pacific is expected to be the fastest growing region in the market. China, India, Japan are the leading countries due to increased investment in industries such as aerospace & defense, automotive, architecture & construction, medical, electronics, energy & power, and heavy machinery which requires numerous types of metrology instruments to maintain product quality
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Table of Contents
1 Introduction 9
1.1 Definition 9
1.2 Scope of the Study 9
1.2.1 Research Objective 9
1.2.2 Assumption 10
1.2.3 Limitation 10
1.3 Market Structure 10
2 Research Methodologies 11
2.1 Research Process 11
2.2 Primary Research 12
2.3 Secondary Research 12
2.4 Market Size Estimation 12
2.5 Forecast Model 13
Continued…..
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