Market of Metrology Services is driven by Adoption of CAD/CAM in Industries

2024-11-07 10:27:37 News & Society

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In the last couple of years, there has been an increasing need for more accurate and reliable measurements, not only in the domains of national and international trade and manufacturing but also in sectors such as environment protection, human health and safety, communication, and across diverse fields of engineering and science. The enhanced need for a universal, comparable, and traceable measurement standard in different realms of society has emerged as a significant factor driving the demand for metrology services across the globe.

Full Report Description of Metrology Services Market is available at :
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Metrology has found increased applications across different industry verticals and is witnessing dynamic shifts in growth trends. It helps manufacturers to increase their efficiency by optimizing productivity without significantly affecting the resource requirements. Different metrology products can be used independently or as integrated systems for functions such as measurement (3D), quality control or inspection, reverse engineering, product quality optimization, or to minimize need of reworks, and reduce scrap/waste generation during the manufacturing process. However, considering the high cost of such precision equipments, it becomes financially challenging for manufacturers to be able to keep their inventory at par with technological developments resulting in new product introduction in the market. This has given rise to service sector, wherein third party vendors are outsourced the instrumentation and measurement section. The metrology services market is broadly categorized into product segments such as coordinate measuring machines (CMM) and optical digitizers and scanners (ODS).

According to expert research analysts, the fastest growing product in the global metrology services market is ODS. This segment is expected to grow at a CAGR of 8.9% to reach a valuation of US$435.8 million by 2018. In 2012, 3D laser scanners accounted for 35.1% of the overall metrology services market due to growing usage of precise measurements and touch probe technology. Furthermore, analysts also predict that coordinate measuring machines will grow at a CAGR of 7.2% in the forecast period.

The report gives an insight into the competitive landscape of the global metrology services market by profiling some of the crucial players. The ones profiled in this report are Renishaw Plc, Hexagon AB, Optical Gaging Products, Inc., Carl Zeiss Corporation, Trescal SA, Nikon Metrology Inc., Danish Micro Engineering A/S, Optical Metrological Services, and FARO Technologies, Inc. The report dedicates a chapter to profiles of these companies, highlighting their financial overview, investment plans, list of services, and their research and development activities.

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Various segments and sub-segments of the global metrology services market are:

Market segments by product type

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

Market segments by applications

> Automotive
> Aerospace
> Industrial
> Power generation
> Others (medical and electronics)

Market segments by geography

> North America
> Europe
> Asia-Pacific
> Rest of the world (Latin America, Middle East and Africa)

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