The global Metrology Services Market is projected to reach USD 1.08 billion by 2025 and will expand at a CAGR of 7.3% during the forecast period, owing to the heavy demand of these services by the end-users. Software-led process automation and portable metrology equipment for industry-specific tailored services have witnessed tremendous development and have added thrust to the market’s growth. Thanks to the Computer Aided Manufacturing (CAM) and Computer Aided Designed (CAD) based processes who have been constantly demanding for aerospace, fewer tolerance limits for automotive, electronics, medical and high accuracy, which is anticipated to the fuel the demand for metrology services.
There is a rise in the demand for precise measurement of components and parts from automotive, power generation and electronics. The significance in different industrial applications such as fabrication, heavy industrial production, manufacturing and refineries is high, which is steadily leading the metrology services to foresee massive growth. Furthermore, there are some other applications like flake analysis, surface analysis, crack & failure analysis and grains sizing are anticipated to hype the expansion of metrology services.
Some of the prominent key players operating in the metrology services market are Hexagon AB, Carl Zeiss Corporation, FARO Technologies Inc., Trescal, Danish Micro Engineering A/S, Nikon Inc. and Renishaw PLC. All the key participants have started involving mergers & acquisitions, collaborations, and joint ventures to augment the growth of the market proficiently. This is leading the metrology services market to manufacture an innovative product that will attract new consumers and investors, for them to continue the domination.
Trescal is very much inclined towards the innovation in the field of metrology and calibration, wherein the European Metrology Program for Innovation and Research (EMPIR) and European Metrology Research Program (EMRP) plays a vital role. In 2018, Trescal developed an instrumented mechanical tool in the field of aeronautics in partnership with the leading industries. This technical division is a manifold and a successful incorporation, credits to the data management and measurement techniques.
Geographically, Europe is dominating the growth of the metrology services owing to the presence of a large number of automotive manufacturers as they are mostly used in this industry for inspection in a pilot plant to assemble the vehicles and evade quality issues at the time of new vehicle production. Additionally, for physical evaluation prototypes and elimination of the expensive specialized verification tooling, 3D laser scanner technology is used to assemble the automotive components virtually. Along with this, Asia Pacific is estimated to be the fastest growing region over the forecast period due to the power generation and industrial application that are expected to boost the growth of metrology services in this region.
Metrology Services Product Outlook (Revenue, USD Million, 2014 - 2025)
• Coordinate Measuring Machine (CMM)
• Gantry Machine
• Bridge Machine
• Articulated Arm Machine
• Horizontal Arm Machine
• Optical Digitizer and Scanner (ODS)
• 3D Laser Scanner
• White Light Scanner
• Laser Tracker
Metrology Services Application Outlook (Revenue, USD Million, 2014 - 2025)
• Power Generation
Metrology Services Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U. K.
• Asia Pacific
• South Korea
• Latin America
• Middle East & Africa
Research Support Specialist, USA