Market Overview:
The global metrology services market size reached US$ 812.1 Million in 2023. Looking forward, IMARC Group expects the market to reach US$ 1,264.2 Million by 2032, exhibiting a growth rate (CAGR) of 4.9% during 2024-2032.
Report Attribute
|
Key Statistics
|
Base Year
|
2023
|
Forecast Years
|
2024-2032
|
Historical Years
|
2018-2023
|
Market Size in 2023 |
US$ 812.1 Million |
Market Forecast in 2032 |
US$ 1,264.2 Million |
Market Growth Rate (2024-2032) |
4.9% |
Metrology services refer to the scientific field concerned with the study of measurements generally used by manufacturing industries to standardize machinery. They operate on the principle of measurement uncertainty, which represents an expression of the statistical dispersion. Metrology services involve testing, calibrating, and weight opening as the main procedures performed through coordinate measurement machines (CMM), optical digitizers, and laser scanners. These devices assist in providing precise measurement of customized components, performing three-dimensional (3D) color scanning, inspecting computer-aided designs (CADs), and examining multiple products with higher accuracy. Consequently, metrology services are extensively used across several sectors to analyze the product material, surface and grain sizing.
Metrology Services Market Trends:
The widespread adoption of metrology services across various industrial verticals can be attributed to the increasing need for effective product measuring solutions to evaluate the geometrical properties of assemblies while ensuring design accuracy and item quality at low-operational expenses. Additionally, the significant expansion in the automotive and aerospace sectors has facilitated the extensive utilization of metrology services for mass manufacturing identical automobile components, including motors, rotators and other sophisticated equipment, which is acting as another growth-inducing factor. In line with this, the large-scale integration of the Industrial Internet of Things (IIoT) and computer-aided manufacturing (CAM) solutions for optimizing the production process and mitigating item defects are contributing to the market growth. Moreover, the introduction of several cloud-enabled metrology software packages, such as geometric dimensioning, laser scanning technology, and multisensory and robotic metrology, are supporting the market growth. Other factors, including the escalating demand for production automation in the manufacturing sector, continuous investments by governmental bodies to strengthen industrial infrastructure, and strategic collaborations amongst key players to engineer high-performance metrology services, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global metrology services market report, along with forecasts at the global, regional and country level from 2024-2032. Our report has categorized the market based on product and application.
Breakup by Product:
- Coordinate Measuring Machines (CMM)
- Gantry Machines
- Bridge Machines
- Articulated Arm Machines
- Horizontal Arm Machines
- Optical Digitizers and Scanners (ODS)
- 3D Laser Scanners
- White Light Scanners
- Laser Trackers
Breakup by Application:
- Automotive
- Aerospace
- Industrial
- Power Generation
- Others
Breakup by Region:
- North America
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Carl Zeiss AG, Creaform Inc. (AMETEK Inc.), FARO Technologies, Hexagon AB, Intertek Group plc, Jenoptik AG, KLA Corporation, Metrologic Group (Sandvik AB), Nikon Corporation, Renishaw plc and SGS S.A.
Report Coverage:
Report Features |
Details |
Base Year of the Analysis |
2023 |
Historical Period |
2018-2023 |
Forecast Period |
2024-2032 |
Units |
US$ Million |
Segment Coverage |
Product, Application, Region |
Region Covered |
Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered |
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered |
Carl Zeiss AG, Creaform Inc. (AMETEK Inc.), FARO Technologies, Hexagon AB, Intertek Group plc, Jenoptik AG, KLA Corporation, Metrologic Group (Sandvik AB), Nikon Corporation, Renishaw plc and SGS S.A. |
Customization Scope |
10% Free Customization |
Report Price and Purchase Option |
Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899 |
Post-Sale Analyst Support |
10-12 Weeks |
Delivery Format |
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Questions Answered in This Report:
- How has the global metrology services market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global metrology services market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global metrology services market and who are the key players?
- What is the degree of competition in the industry?