Metrology Services Market by Product (CMM & ODS), Application, Segment Analysis and Forecast To 2025 | Grand View Research, Inc.

November 28 19:38 2019
Metrology Services Market by Product (CMM & ODS), Application, Segment Analysis and Forecast To 2025 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to report published by Grand View Research, The global metrology services market size was valued at USD 652.0 million in 2018 and is anticipated to expand at a CAGR of 5.9% over the forecast period.

The global metrology services market size is expected to reach USD 939.3 million by 2025, at a CAGR of 5.9% over the forecast period, according to a study conducted by Grand View Research, Inc. Increasing adherence to international quality standards in end-use industries and the need for the development of technologically advanced metrology software packages are expected to drive the growth. Moreover, steady growth in the local markets and surge in the aerospace and defense industries across emerging economies, such as China, India, Japan, Russia, Brazil, and South Korea is also anticipated to fuel the demand for metrology services.

Coordinate Measuring Machine (CMM) product provides precise measurement of the object for testing, assembling, design, profiling, and reverse engineering of parts. Therefore, increasing demand for services such as calibration, machine installation, and retrofitting offered by CMM is expected to drive the growth. Increasing demand for metrology services from different applications such as manufacturing, automotive, and power generation among others is projcted to continue driving the market growth over the forecast period.

Metrology services play a vital role across different industrial applications ranging from mining and heavy industrial production, fabrication, refineries, and material analysis. These services are primarily used for crack and failure analysis, grain sizing, cast iron modulatory and flake analysis, and surface analysis application. Different laser scanners are used in this industrial metrology services for precision measurement of a customized component, 3D CAD for inspection of molds and assemblies, laser tracker and large volume scanning for high accuracy, and better quality product output.

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U.S. metrology services market size, by product, 2015 - 2025 (USD Million)

Further key findings from the study suggest:

  • North America ODS segment is expected to reach USD 183.6 million, at a CAGR of 5.7% by 2025. These services are explicitly used for reverse engineering operations in the manufacturing sector
  • In Germany, the CMM segment is expected to reach USD 45.9 million by 2025, owing to increasing demand for services such as calibration, machine installation, and retrofitting, across various manufacturing industries
  • The Asia Pacific automotive metrological services market is expected to reach USD 67.6 million by 2025, attributed to the increasing number of automotive component manufacturing facilities in the region

Grand View Research has segmented the global metrology services market on the basis of product, application, and region:

Metrology Services Product Outlook (Revenue, USD Million, 2015 – 2025)

  • CMM
    • Gantry Machine
    • Bridge Machine
    • Articulated Arm Machine
    • Horizontal Arm Machine
  • ODS
    • 3D Laser Scanner
    • White Light Scanner
    • Laser Tracker

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Global metrology services market share, by application, 2018 (%)

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Key Topics Covered 

Chapter 1 Methodology and Scope
                   1.1 Information Procurement
                   1.2 Purchased Database
                       1.2.1 GVR’s internal database
                   1.3 Research Methodology
                   1.4 Geographic Scope & Assumptions
                   1.5 Region/Country Wise Market Calculation
                       1.5.1 Region /country wise market: Base estimates
                       1.5.2 Region/country market: CAGR calculation
                   1.6 Region-based Segment Share Calculation
                   1.7 List of Primary Sources
                   1.8 List of Secondary Sources
                   1.9 List of Abbreviations
Chapter 2 Executive Summary
Chapter 3 Market Definitions
                   3.1 Market Segmentation
Chapter 4 Industry Outlook
                   4.1 Market Snapshot
                   4.2 Global Metrology Services Market Trends
                   4.3 Global Metrology Services Market
                       4.3.1 Product segment trends
                       4.3.2 Application segment trends
                       4.3.3 Sales Channel segment trends
                       4.3.4 Region segment trends
                   4.4 Value Chain Analysis
                       4.4.1 Who Supplies Whom, 2018
                   4.5 Market Variable Analysis
                       4.5.1 Market driver analysis
                           4.5.1.1 Rising safety and security concerns
                           4.5.1.2 Increasing adoption of connected car systems
                           4.5.1.3 Growing demand for luxury, hybrid, and electric vehicles
                       4.5.2 Market restraint analysis
                           4.5.2.1 Intensification in design complexity
                           4.5.2.2 Increasing risk for data breaches and cyber attacks
                   4.6 Penetration and Growth Prospect Mapping
                   4.7 Metrology Services Market Key Company Analysis, 2018
                   4.8 Business Environment Analysis Tool
                       4.8.1 Metrology Services market: PEST analysis
                       4.8.2 Metrology Services market: PORTERS analysis

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About Grand View Research

Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.

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