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The Metrology Services Market size was valued at USD 771.3 Million in 2023 and is expected to reach USD 1292.07 Million by 2032 and grow at a CAGR of 5.9% over the forecast period 2024-2032.
Metrology is a branch of science dealing with measuring. Metrology services are measurement-related services supplied by various service providers to various industrial sectors. These services assist firms in improving their manufacturing processes by allowing for extensive examination and measurement of each component involved. Several metrology devices can be used separately or as a combined system in the production process for quality control and inspection, product quality optimization, 3D measurement, and reverse engineering, among other things.
Key industrial players include and integrate modern metrology equipment relevant to the demand and engage an industry specialist to administer the system, lowering total production costs in the long term. The advancement of software-led process automation and portable metrology equipment for industry-specific bespoke services has accelerated market expansion. The requirement for high precision and fewer tolerance limitations in the automotive, aerospace, medical, electronics, and other industrial sectors is expected to drive demand for computer-aided manufacturing (CAM) and computer-aided design (CAD) procedures.
KEY DRIVERS:
Concerns about safety and security are growing.
Adoption of linked automobile systems is increasing.
Rising interest in premium, hybrid, and electric cars.
RESTRAINTS:
Increase in design complexity.
Data breaches and cyber assaults are becoming more common.
OPPORTUNITY:
Population acceptance of linked vehicles is growing.
The surge in demand from developing economies will generate even more opportunities.
The COVID-19 epidemic is having a severe impact on the worldwide metrology business. The epidemic has prompted firms in a variety of industries to refocus their consumer reach and rethink their engagement strategy. Robotics is rapidly being used in advanced metrology services. To tackle existing and upcoming measurement issues in the automotive and energy industries, companies are now relying on onsite engineering and equipment services. As a result of the post-pandemic environment, end-use industries have made certain game-changing movements, consequently widening the avenues of the metrology services industry. The growing use of autonomous robots in production allows for real-time measurement data processing. This allows for simple measurement in measurement labs and periodic quality testing.
The CMM product sector is expected to expand throughout the projected period. The capacity of CMMs to offer positional, dimensional, and surface measurement in a single system is projected to be the primary driving force in this category. Furthermore, CMM enables exact object measurement for testing, assembling, design, profiling, and reverse engineering of components. The high demand for CMM calibration, machine installation, and retrofitting is likely to drive market development throughout the forecast period.
Over the forecast period, the Optical Digitizer and Scanner (ODS) sector is expected to grow. Laser scanners can capture whole geometry for inspection and engineering uses. They provide great precision as well as increased speed in real-time operation. Surface analysis, gas turbine blade and automotive component inspection, automotive design and style, and powertrain components are expected to propel the industry at a rapid rate throughout the projected period.
Over the projection period, the aerospace industry is predicted to grow. The development of 3D measurement systems, portable CMMs, robot-mounted optical CMM scanners, cloud-based software application platforms, and dimensional metrology services has resulted in the widespread expansion of metrology services. The automotive application category is predicted to develop moderately during the forecast period due to technological advances in autos resulting in higher component precision. To ensure passenger safety, comfort, and happiness, every seat, door, panel, and component in a car must be precisely aligned. The requirement for tolerance measurement to examine and assess machine alignment is also boosting the demand for metrology services. Furthermore, the usage of portable coordinate measurement systems, laser trackers, and portable coordinate measuring arms for 3D inspection of panels and assembled body panels measurement, jig inspection, robotic equipment adjustment, and hinge line alignment necessitates the requirement.
North America led the worldwide market in 2023 and is likely to retain its dominance during the forecast period. This is due to the region's growing need for metrology services in aerospace and industrial applications. Because of the region's developing automotive sector and other end-user industries, such as manufacturing and medical, the Asia-Pacific market is predicted to grow at the fastest rate in the future years.
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The major key players are KLA Corporation, Hexagon AB, Jenoptik, SGS Group, Intertek Group Plc., Renishaw PLC, Carl Zeiss AG, Sasco Metrology Services, Faro Technologies, Metrologic Group & Other Players.
| Report Attributes | Details |
| Market Size in 2023 | US$ 774.3 Mn |
| Market Size by 2032 | US$ 1292.07 Mn |
| CAGR | CAGR of 5.9% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (CMM (Gantry Machines, Bridge Machines, Articulated Arm Machines, Horizontal Arm Machines) and ODS (3D Laser Scanners, White Light Scanners, Laser Trackers)) • By Application (Automotive, Aerospace, Industrial, Power Generation, and Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | KLA Corporation, Hexagon AB, Jenoptik, SGS Group, Intertek Group Plc., Renishaw PLC, Carl Zeiss AG, Sasco Metrology Services, Faro Technologies, Metrologic Group |
| Key Drivers | • Concerns about safety and security are growing. • Adoption of linked automobile systems is increasing. |
| Opportunities | • Population acceptance of linked vehicles is growing. • The surge in demand from developing economies will generate even more opportunities. |
Ans: - The Metrology Services Market size was valued at USD 771.3 Mn in 2023.
Ans: - The Metrology Services Market is growing at a CAGR of 5.9% over the forecast period 2024-2032.
Ans: - The Asia-Pacific market is predicted to grow at the fastest rate in the future years.
Ans. The primary growth tactics of Metrology Services market participants include merger and acquisition, business expansion, and product launch.
Ans: - The study includes a comprehensive analysis of Metrology Services Market trends, as well as present and future market forecasts. DROC analysis, as well as impact analysis for the projected period. Porter's five forces analysis aids in the study of buyer and supplier potential as well as the competitive landscape etc.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Metrology Services Market Segmentation, by Product
8.1 CMM
8.1.1 Gantry Machines
8.1.2 Bridge Machines
8.1.3 Articulated Arm Machines
8.1.4 Horizontal Arm Machines
8.2 ODS
8.2.1 3D Laser Scanners
8.2.2 White Light Scanners
8.2.3 Laser Trackers
9. Metrology Services Market, by Application
9.1 Automotive
9.2 Aerospace
9.3 Industrial
9.4 Power Generation
9.5 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
11. Company Profiles
11.1 KLA Corporation
11.1.1 Financial
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Hexagon AB
11.3 Jenoptik
11.4 SGS Group
11.5 Intertek Group Plc.
11.6 Renishaw PLC
11.7 Carl Zeiss AG
11.8 Sasco Metrology Services
11.9 Faro Technologies
11.10 Metrologic Group
12. Competitive Landscape
12.1 Competitive Benchmarking
12.2 Market Share Analysis
12.3 Recent Developments
13. Conclusion
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On The Basis of Product:
On The Basis of Application:
Automotive
Aerospace
Industrial
Power Generation
Others
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REGIONAL COVERAGE:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of the Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
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Additional countries in any of the regions
Company Information
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