Metrology Market Overview
Growing focus on quality control in various industries, rising demand for automobiles in developing countries and developing big data analytics market have been driving the global industrial metrology market.
However, the high cost of setting up a metrology establishment and lacking the experience challenged for effectual handling of metrological systems might hamper the overall growth at a global level.
| Report Metric | Details |
| Market size available for years | 2023–2030 |
| Base year considered | 2023 |
| Forecast period | 2024–2030 |
| Forecast unit | Value (USD Million) |
| Segments covered | Type, Product, End User, and Region |
| Regions covered | North America (the U.S. and Canada), Europe (UK, Germany, France, Italy, Spain, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, Australia, South East Asia, Rest of Asia Pacific), Latin America and the Middle East and Africa (Brazil, Saudi Arabia, UAE, Rest of LAMEA) |
| Companies covered | Carl Zeiss AG, Mitutoyo Corporation, Nikon Corporation, Renishaw PLC, Perceptron, Inc., Faro Technologies, Pantac Metrology, Exact metrology Inc., Jenoptik AG, Automated Precision , JLM Advanced Technical Services, Precision Products, CARMAR ACCURACY, Pollen Metrology Cairnhill Metrology. |
The covid-19 Impact on Metrology Market:
Like several different industries, COVID-19 badly knocked the electronic and semiconductor trade. This new event has compact nearly 230 countries in exactly a couple of weeks, leading to the forced conclusion of producing and transportation activities at intervals and across the countries. This has directly affected the expansion of the sector. It's calculable that COVID-19 to depart over USD thirty billion impacts on the physics and semiconductor trade. The arena is majorly affected thanks to transport restrictions on major physics and semiconductor staple suppliers. However, the rising want for semiconductors in many industries can supply fast market recovery over the longer-term amount.
Metrology Market Segment Overview
By Type, Scientific Metrology segment accounted major market share in forecast period. This segment market growth is improved product usability, adoption of new technologies.
By Product, This segment is anticipated to be driven by CMM's capability to deliver point, dimensional, and surface mensuration in a very single system. Furthermore, CMM permits for precise object mensuration for testing, assembly, design, profiling, and reverse engineering of elements. Over the forecast amount, high demand for CMM's standardization, machine installation, and retrofitting services is anticipated to propel market growth. Its speedy enlargement will be attributed to its great accuracy in length measurement, speed, and backbone for numerous applications. These devices are used in automotive metrology, styling, and scientific discipline applications in pilot plants. Great-temperature resistance, metrology for difficult-to-scan surfaces, high precision, and fast knowledge flow are just a couple of of the benefits.
By Application, Automotive segment accounted major market share in forecast period. Because of technical developments in automobiles leading to higher component precision, the automotive application category is foretold to rise somewhat over the forecast amount.
Market Analysis, Insights and Forecast – By Type
· Industrial Metrology
· Scientific Metrology
· Other
Market Analysis, Insights and Forecast – By Product
· Coordinate Measuring Machine (CMM)
· Optical Digitizers and Scanners (ODS)
· Other
Market Analysis, Insights and Forecast – By Application
· Automotive
· Aerospace
· Energy & Aerospace
· Manufacturing and Consumer Electronics
Metrology Market Regional Overview
Region-wise, in terms of regions, North America diode the market in 2018 and is anticipated to do thus once more within the next years. Europe kept a constant watch on the North American continent. Europe is home to a colossal number of automobile manufacturers. Metrology services commonly usually utilised within the industry for review during a pilot plant for vehicle assembly so as to avoid quality problems throughout new vehicle production.
Metrology Market, By Geography
· North America (US & Canada)
· Europe (UK, Germany, France, Italy, Spain, & Rest of Europe)
· Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific)
· LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Metrology Market Competitor overview
Some key developments and strategies adopted by manufacturers in the Metrology are highlighted below.
· In 2020, Nikon Corporation developed a new CNC video measuring system that gives unparalleled accuracy, repeatability, and dependability. Additionally referred to as an optical coordinate activity machine, the NEXIV VMZ-S3020 is perfect for automated during a applications in an exceedingly line, as its high speed permits the real-time feedback of measured results to optimize a manufacturing method.
Metrology Market, Key Players
· Applied Materials, Inc.
· Att Metrology Services
· Automated Precision, Inc.
· Cairnhill Metrology Pte., Ltd.
· Carl Zeiss AG
· Carmar Accuracy Co., Ltd.
· Creaform, Inc.
· FARO Technologies, Inc.
· GOM GmbH
· Hexagon AB
· Jenoptik AG
· Jlm Advanced Technical Services, Inc.
· KLA-Tencor
· Nikon Metrology NV
· Perceptron, Inc.
· Pollen Metrology SAS
· Precision Products Inc.
· Renishaw PLC
· Trimet Group
Frequently Asked Questions (FAQ) :
Q1. What is the total CAGR expected to be recorded for the Metrology market during the forecast period?
Metrology market is expected to record a CAGR of ~6.9% during the forecast period.
Q2. Which segment is projected to hold the largest share in the Metrology Market?
Automotive segment is projected to hold the largest share in the Metrology Market.
Q3. What are the driving factors for the Metrology market?
Increasing demand from industrial and power generation applications is anticipated to enhance the expansion. The rising demand for finished product in addition to technological advancements is anticipated to enhance the growth of the Metrology market progressively.
Q4. Which Segments are covered in the Metrology market report?
Type, Product, End User, and Region, these segments are covered in the Metrology market report.
Q5. Which are the prominent players offering Metrology?
Carl Zeiss AG, Mitutoyo Corporation, Nikon Corporation, Renishaw PLC, Perceptron, Inc., Faro Technologies, Pantac Metrology, Exact metrology Inc., Jenoptik AG, Automated Precision , JLM Advanced Technical Services, Precision Products, CARMAR ACCURACY, Pollen Metrology Cairnhill Metrology.
1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
- 3.1. Market Drivers
- 3.2. Market Restraints
- 3.3. Market Opportunities
4. Key Insights
- 4.1. Key Emerging Trends – For Major Countries
- 4.2. Latest Technological Advancement
- 4.3. Regulatory Landscape
- 4.4. Industry SWOT Analysis
- 4.5. Porters Five Forces Analysis
5. Global Metrology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 5.1. Key Findings / Summary
- 5.2. Market Analysis, Insights and Forecast – By Type
- 5.2.1. Industrial Metrology
- 5.2.2. Scientific Metrology
- 5.2.3. Other
- 5.3. Market Analysis, Insights and Forecast – By Product
- 5.3.1. Coordinate Measuring Machine (CMM)
- 5.3.2. Optical Digitizers and Scanners (ODS)
- 5.3.3. Other
- 5.4. Market Analysis, Insights and Forecast – By Application
- 5.4.1. Automotive
- 5.4.2. Aerospace
- 5.4.3. Energy & Aerospace
- 5.4.4. Manufacturing and Consumer Electronics
- 5.5. Market Analysis, Insights and Forecast – By Region
- 5.5.1. North America
- 5.5.2. Europe
- 5.5.3. Asia Pacific
- 5.5.4. Latin America, Middle East, and Africa
6. North America Metrology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 6.1. Key Findings / Summary
- 6.2. Market Analysis, Insights and Forecast – By Type
- 6.2.1. Industrial Metrology
- 6.2.2. Scientific Metrology
- 6.2.3. Other
- 6.3. Market Analysis, Insights and Forecast – By Product
- 6.3.1. Coordinate Measuring Machine (CMM)
- 6.3.2. Optical Digitizers and Scanners (ODS)
- 6.3.3. Other
- 6.4. Market Analysis, Insights and Forecast – By Application
- 6.4.1. Automotive
- 6.4.2. Aerospace
- 6.4.3. Energy & Aerospace
- 6.4.4. Manufacturing and Consumer Electronics
- 6.5. Market Analysis, Insights and Forecast – By Country
- 6.5.1. U.S.
- 6.5.2. Canada
7. Europe Metrology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 7.1. Key Findings / Summary
- 7.2. Market Analysis, Insights and Forecast – By Type
- 7.2.1. Industrial Metrology
- 7.2.2. Scientific Metrology
- 7.2.3. Other
- 7.3. Market Analysis, Insights and Forecast – By Product
- 7.3.1. Coordinate Measuring Machine (CMM)
- 7.3.2. Optical Digitizers and Scanners (ODS)
- 7.3.3. Other
- 7.4. Market Analysis, Insights and Forecast – By Application
- 7.4.1. Automotive
- 7.4.2. Aerospace
- 7.4.3. Energy & Aerospace
- 7.4.4. Manufacturing and Consumer Electronics
- 7.5. Market Analysis, Insights and Forecast – By Country
- 7.5.1. UK
- 7.5.2. Germany
- 7.5.3. France
- 7.5.4. Italy
- 7.5.5. Spain
- 7.5.6. Russia
- 7.5.7. Rest of Europe
8. Asia Pacific Metrology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 8.1. Key Findings / Summary
- 8.2. Market Analysis, Insights and Forecast – By Type
- 8.2.1. Industrial Metrology
- 8.2.2. Scientific Metrology
- 8.2.3. Other
- 8.3. Market Analysis, Insights and Forecast – By Product
- 8.3.1. Coordinate Measuring Machine (CMM)
- 8.3.2. Optical Digitizers and Scanners (ODS)
- 8.3.3. Other
- 8.4. Market Analysis, Insights and Forecast – By Application
- 8.4.1. Automotive
- 8.4.2. Aerospace
- 8.4.3. Energy & Aerospace
- 8.4.4. Manufacturing and Consumer Electronics
- 8.5. Market Analysis, Insights and Forecast – By Country
- 8.5.1. China
- 8.5.2. India
- 8.5.3. Japan
- 8.5.4. Australia
- 8.5.5. South East Asia
- 8.5.6. Rest of Asia Pacific
9. Latin America, Middle East, and Africa Metrology Market Analysis (USD Billion), Insights and Forecast, 2020-2027
- 9.1. Key Findings / Summary
- 9.2. Market Analysis, Insights and Forecast – By Type
- 9.2.1. Industrial Metrology
- 9.2.2. Scientific Metrology
- 9.2.3. Other
- 9.3. Market Analysis, Insights and Forecast – By Product
- 9.3.1. Coordinate Measuring Machine (CMM)
- 9.3.2. Optical Digitizers and Scanners (ODS)
- 9.3.3. Other
- 9.4. Market Analysis, Insights and Forecast – By Application
- 9.4.1. Automotive
- 9.4.2. Aerospace
- 9.4.3. Energy & Aerospace
- 9.4.4. Manufacturing and Consumer Electronics
- 9.5. Market Analysis, Insights and Forecast – By Country
- 9.5.1. Brazil
- 9.5.2. Saudi Arabia
- 9.5.3. UAE
- 9.5.4. Rest of LAMEA
10. Competitive Analysis
- 10.1. Company Market Share Analysis, 2018
- 10.2. Key Industry Developments
- 10.3. Company Profile
- 10.4. Carl Zeiss AG
- 10.4.1. Business Overview
- 10.4.2. Segment 1 & Service Offering
- 10.4.3. Overall Revenue
- 10.4.4. Geographic Presence
- 10.4.5. Recent Development
- 10.5. Mitutoyo Corporation
- 10.6. Nikon Corporation
- 10.7. Renishaw PLC
- 10.8. Perceptron, Inc.
- 10.9. Faro Technologies
- 10.10. Pantac Metrology
- 10.11. Exact metrology Inc.
- 10.12. Jenoptik AG
- 10.13. Automated Precision
- 10.14. JLM Advanced Technical Services
- 10.15. Precision Products
- 10.16. CARMAR ACCURACY
- 10.17. Pollen Metrology
Data Library Research are conducted by industry experts who offer insight on industry structure, market segmentations technology assessment and competitive landscape (CL), and penetration, as well as on emerging trends. Their analysis is based on primary interviews (~ 80%) and secondary research (~ 20%) as well as years of professional expertise in their respective industries. Adding to this, by analysing historical trends and current market positions, our analysts predict where the market will be headed for the next five years. Furthermore, the varying trends of segment & categories geographically presented are also studied and the estimated based on the primary & secondary research.
In this particular report from the supply side Data Library Research has conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and SOFT) of the companies that active & prominent as well as the midsized organization
FIGURE 1: DLR RESEARH PROCESS
Extensive primary research was conducted to gain a deeper insight of the market and industry performance. The analysis is based on both primary and secondary research as well as years of professional expertise in the respective industries.
In addition to analysing current and historical trends, our analysts predict where the market is headed over the next five years.
It varies by segment for these categories geographically presented in the list of market tables. Speaking about this particular report we have conducted primary surveys (interviews) with the key level executives (VP, CEO’s, Marketing Director, Business Development Manager and many more) of the major players active in the market.
Secondary ResearchSecondary research was mainly used to collect and identify information useful for the extensive, technical, market-oriented, and Friend’s study of the Global Extra Neutral Alcohol. It was also used to obtain key information about major players, market classification and segmentation according to the industry trends, geographical markets, and developments related to the market and technology perspectives. For this study, analysts have gathered information from various credible sources, such as annual reports, sec filings, journals, white papers, SOFT presentations, and company web sites.
Market Size EstimationBoth, top-down and bottom-up approaches were used to estimate and validate the size of the Global market and to estimate the size of various other dependent submarkets in the overall Extra Neutral Alcohol. The key players in the market were identified through secondary research and their market contributions in the respective geographies were determined through primary and secondary research.
Forecast Model
