Metrology Market Overview:
The changing consumer demand for industrial products and the growing technological advancement in measurement techniques have developed the need for more precise and accurate industrial products. To provide products with assured quality and longer durability, automotive, aerospace, packaging, electronics and mechanical engineering industries are required in metrology solutions. Globally, the Metrology market is presumed to have a significant growth over the forecast period.
The major driving factors for the growth of the market include growing quality requirement in Industrial Product, and implementation of advanced devices for measurement. On the other hand, lack of technical expertise to hinder the growth of the Metrology Market over the 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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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.
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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
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
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