Report Thumbnail
Product Code BW091340347EEW
Published Date 2023/1/25
English200 PagesGlobal

Global Metrology Services Market Size study & Forecast, by Product (CMM, ODS) by Application (Automotive, Aerospace, Industrial, Power Generation, Others) and Regional Analysis, 2022-2029Automotive_Mobility Market


Report Thumbnail
Product Code BW091340347EEW◆The Jan 2026 edition is also likely available. We will check with the publisher immediately.
Published Date 2023/1/25
English 200 PagesGlobal

Global Metrology Services Market Size study & Forecast, by Product (CMM, ODS) by Application (Automotive, Aerospace, Industrial, Power Generation, Others) and Regional Analysis, 2022-2029Automotive_Mobility Market



Abstract


Summary

Global Metrology Services Market is valued approximately USD 772.16 million in 2021 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2022-2029. The services that are supplied to industries for measurement purposes are known as metrology services. They are widely utilised in applications including industrial, aerospace, automotive, power generation, and others, and they assist the company in increasing production without compromising the need for resources. Increased consumer demand for luxury, electric, and hybrid vehicles as well as increased mechanization in the agricultural sector are among the key reasons propelling the market for metrology services. These trends are also vital in accelerating market expansion. Additionally, during the forecasted period, a surge in demand from emerging economies would further open up new potential for the market for metrology services. According to the Statista automotive market is recovering slowly and in 2022 the market would lift up to USD 2.95 trillion from USD 2.71 trillion in 2020. Along with this, according to the same source, in 2030, 58 million new self-driving cars are anticipated to be added to the worldwide, which would directly increase the adoption of metrology services. Additionally, around 26% of all new car sales are anticipated to be electric vehicles. The use of metrology services is increasing in automotive sector which is driving the growth for the market over the forecast period. However, the high cost of Metrology Services stifles market growth throughout the forecast period of 2022-2029. The key regions considered for the Global Metrology Services Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. In 2021, North America dominated the market, and it is anticipated that it would do so again throughout the projection period. Europe followed the North American continent closely. Europe is home to a sizable number of automobile manufacturers. A huge growth in the local aerospace and defense industry is predicted to make Asia Pacific the fastest-growing area throughout the forecast period. The metrology services market in Asia Pacific is anticipated to be driven by industrial and power generation applications. The power generation sector uses 3D scanner-based metrology services for a variety of purposes. Major market player included in this report are: Hexagon AB Carl Zeiss AG Renishaw plc Nikon Metrology Inc. Quality Vision International Optical Metrology Services Ltd Perceptron, Inc. Intertek Group plc Dimensional Metrology Services. Marand Precision Recent Developments in the Market:  Renishaw and Verisurf Software Inc. agreed to terms in November 2021. This Agreement governs the synchronisation of Renishaw CMM software by Verisurf Software Inc.  FARO Technologies bought HoloBuilder, Inc. in June 2021. Through this acquisition, HoloBuilder, Inc. can provide FARO with its industry-leading photogrammetry-based 3D platform, enabling hardware-independent image collection, registration, and viewing for the rapidly expanding digital twin market. Global Metrology Services Market Report Scope: Historical Data 2019-2020-2021 Base Year for Estimation 2021 Forecast period 2022-2029 Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends Segments Covered Product, Application, Region Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope* The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study. The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below: By Product: Coordinate-measuring machine (CMM) Operating Deflection Shape (ODS) By Application: Automotive Aerospace Industrial Power Generation Others By Region: North America U.S. Canada Europe UK Germany France Spain Italy ROE Asia Pacific China India Japan Australia South Korea RoAPAC Latin America Brazil Mexico Rest of the World

Table of Contents

  • 1 Executive Summary

    • 1.1 Market Snapshot
    • 1.2 Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Million)
      • 1.2.1 Metrology Services Market, by Region, 2019-2029 (USD Million)
      • 1.2.2 Metrology Services Market, by Product, 2019-2029 (USD Million)
      • 1.2.3 Metrology Services Market, by Application, 2019-2029 (USD Million)
    • 1.3 Key Trends
    • 1.4 Estimation Methodology
    • 1.5 Research Assumption
  • 2 Global Metrology Services Market Definition and Scope

    • 2.1 Objective of the Study
    • 2.2 Market Definition & Scope
      • 2.2.1 Scope of the Study
      • 2.2.2 Industry Evolution
    • 2.3 Years Considered for the Study
    • 2.4 Currency Conversion Rates
  • 3 Global Metrology Services Market Dynamics

    • 3.1 Metrology Services Market Impact Analysis (2019-2029)
      • 3.1.1 Market Drivers
        • 3.1.1.1 Increasing demand for cars
        • 3.1.1.2 Growing agricultural sector
      • 3.1.2 Market Challenges
        • 3.1.2.1 High Cost of Metrology Services
      • 3.1.3 Market Opportunities
        • 3.1.3.1 Technological advancement in metrology services
  • 4 Global Metrology Services Market Industry Analysis

    • 4.1 Porter’s 5 Force Model
      • 4.1.1 Bargaining Power of Suppliers
      • 4.1.2 Bargaining Power of Buyers
      • 4.1.3 Threat of New Entrants
      • 4.1.4 Threat of Substitutes
      • 4.1.5 Competitive Rivalry
    • 4.2 Futuristic Approach to Porter’s 5 Force Model (2019-2029)
    • 4.3 PEST Analysis
      • 4.3.1 Political
      • 4.3.2 Economical
      • 4.3.3 Social
      • 4.3.4 Technological
    • 4.4 Investment Adoption Model
    • 4.5 Analyst Recommendation & Conclusion
    • 4.6 Top investment opportunity
    • 4.7 Top winning strategies
  • 5 Risk Assessment: COVID-19 Impact

    • 5.1 Assessment of the overall impact of COVID-19 on the industry
    • 5.2 Pre COVID-19 and post COVID-19 Market scenario
  • 6 Global Metrology Services Market, by Product

    • 6.1 Market Snapshot
    • 6.2 Global Metrology Services Market by Product, Performance - Potential Analysis
    • 6.3 Global Metrology Services Market Estimates & Forecasts by Product 2019-2029 (USD Million)
    • 6.4 Metrology Services Market, Sub Segment Analysis
      • 6.4.1 Coordinate-measuring machine (CMM)
      • 6.4.2 Operating Deflection Shape (ODS)
  • 7 Global Metrology Services Market, by Application

    • 7.1 Market Snapshot
    • 7.2 Global Metrology Services Market by Application, Performance - Potential Analysis
    • 7.3 Global Metrology Services Market Estimates & Forecasts by Application 2019-2029 (USD Million)
    • 7.4 Metrology Services Market, Sub Segment Analysis
      • 7.4.1 Automotive
      • 7.4.2 Aerospace
      • 7.4.3 Industrial
      • 7.4.4 Power Generation
      • 7.4.5 Others
  • 8 Global Metrology Services Market, Regional Analysis

    • 8.1 Metrology Services Market, Regional Market Snapshot
    • 8.2 North America Metrology Services Market
      • 8.2.1 U.S. Metrology Services Market
        • 8.2.1.1 Product breakdown estimates & forecasts, 2019-2029
        • 8.2.1.2 Application breakdown estimates & forecasts, 2019-2029
      • 8.2.2 Canada Metrology Services Market
    • 8.3 Europe Metrology Services Market Snapshot
      • 8.3.1 U.K. Metrology Services Market
      • 8.3.2 Germany Metrology Services Market
      • 8.3.3 France Metrology Services Market
      • 8.3.4 Spain Metrology Services Market
      • 8.3.5 Italy Metrology Services Market
      • 8.3.6 Rest of Europe Metrology Services Market
    • 8.4 Asia-Pacific Metrology Services Market Snapshot
      • 8.4.1 China Metrology Services Market
      • 8.4.2 India Metrology Services Market
      • 8.4.3 Japan Metrology Services Market
      • 8.4.4 Australia Metrology Services Market
      • 8.4.5 South Korea Metrology Services Market
      • 8.4.6 Rest of Asia Pacific Metrology Services Market
    • 8.5 Latin America Metrology Services Market Snapshot
      • 8.5.1 Brazil Metrology Services Market
      • 8.5.2 Mexico Metrology Services Market
    • 8.6 Rest of The World Metrology Services Market
  • 9 Competitive Intelligence

    • 9.1 Top Market Strategies
    • 9.2 Company Profiles
      • 9.2.1 Hexagon AB
        • 9.2.1.1 Key Information
        • 9.2.1.2 Overview
        • 9.2.1.3 Financial (Subject to Data Availability)
        • 9.2.1.4 Product Summary
        • 9.2.1.5 Recent Developments
      • 9.2.2 Carl Zeiss AG
      • 9.2.3 Renishaw plc
      • 9.2.4 Nikon Metrology Inc
      • 9.2.5 Quality Vision International
      • 9.2.6 Optical Metrology Services Ltd
      • 9.2.7 Perceptron, Inc
      • 9.2.8 Intertek Group plc
      • 9.2.9 Dimensional Metrology Services
      • 9.2.10 Marand Precision
  • 10 Research Process

    • 10.1 Research Process
      • 10.1.1 Data Mining
      • 10.1.2 Analysis
      • 10.1.3 Market Estimation
      • 10.1.4 Validation
      • 10.1.5 Publishing
    • 10.2 Research Attributes
    • 10.3 Research Assumption
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