Metrology Market Growth Drivers, Business Challenges & Development Trends 2030

 


Market Overview:

The metrology market was valued at USD 607.9 million in 2016, and it is expected to grow at a higher CAGR of 6.82% in the global market to account for a higher market share value of approximately USD 1255.5 million by the end of the forecasted period.

A measuring science supported by optical digitizers and scanners and a coordinated measuring machine (CMM) is called metrology. It provides various convenience services in the industrial sector like repairing, retrofitting, calibration, machine installation, and others. Owing to the quick measurement technique (ODS), optical digitizers and scanners are growing very rapidly in the global market.

Since CMM provides high precision, it is largely used by manufacturers as a traditional measurement technique. This mechanical system is also used to measure the physical characteristics of a final assembled product, medical equipment, a machine tool, and a component. It can be manually controlled.

Get a FREE Sample PDF@  https://www.marketresearchfuture.com/sample_request/1064

Competitive Landscape:

Hexagon (Sweden),ZEISS Global (Germany), Bird (US), Solayl SAS (France), Telemark (US), Hiden Analytical Ltd (UK), PLASMA SENSORS (US), TEGAM Inc. (US), MKS Instruments (US), INFICON (Switzerland), ARIS Technology (US), Accurate (India), Vision Engineering Ltd (UK), FARO (US), Keyence Corporation (Japan), Nikon Corporation (Japan), Mitutoyo America Corporation (Japan), Jenoptik (Sweden),Renishaw (UK),KLA Corporation (US)

Market Segmentation:

The metrology market has been divided all across the globe based on the type, product, end-users, and region.

Based on the Type

The metrology market has been divided all across the globe based on type into scientific metrology type, industrial metrology type, other metrology types.

Based on the Product

The metrology market has been divided all across the globe based on the product into optical digitizers and scanners (ODS) product type, Coordinate measuring machine (CMM) product type, and other metrology product types.

Based on the End-Users

The metrology market has been divided all across the globe based on the end-users into the consumer electronics industry, manufacturing industry, energy and power industry, aerospace industry, automotive industry, and other industries as well.

Based on the Region

The metrology market has been divided all across the globe based on the region into the North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.

Buy Now report with Industry Analysis@ https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1064

Industry News:

In June 2019, a new version, 3.9 CMM-Manager has been launched by Nikon Metrology as it provides a faster speed of approximately 20 times in importing data. Also, it has improved CAD display and 3D scenes. It has additional ISO GD&T.

In April 2019, expansion of business was observed in Romania by Hexagon Manufacturing Intelligence. It helps in operating measurement software applications by providing training rooms and a demonstration center.

Enquire for Discount@ https://www.marketresearchfuture.com/check-discount/1064

Regional Analysis:

The metrology market has been divided all across the globe based on the region into North American region, European region, Asia-Pacific region, Latin American region, and the Middle East and African region.

The largest market share in the metrology market in the global market is held by the European region, owing to the presence of an effective network-based infrastructure that helps in catering to the increasing and changing demand of various consumers and end-user industries. In 2016, the European region held approximately 32% of the market share value and hence dominated the global market.

The second-largest market share in the metrology market in the global market is held by the North American region owing to increasing demand for metrology products in various defense and aerospace industries and automobile industries. Moreover, the presence of various major key players like Exact metrology Inc. (US), Faro Technologies (US), and others in this region also drives the market demand towards the North American region.

Being the fastest-growing region, the third-largest market share in the metrology market in the global market is held by the Asia-Pacific region owing to the presence of various countries like Australia, New Zealand, Japan, Australia, India, and China. Moreover, the establishment of various medium-sized enterprises also drives the market demand.

Comments

Post a Comment

Popular posts from this blog

Smart Lighting Market Revenue Driving Factors and Growth Opportunities, 2030

Image
  Overview The smart lighting market is anticipated to grow by US$25 Billion by 2023 rapidly growing at a CAGR of 27% during the forecast period 2017 to 2023. The global smart lighting market is driven by growing demand for smart homes around the world and rise in the construction projects. These factors have helped shape the smart lighting market and are expected to boost the growth. Companies in the smart lighting market could also face challenges such as lack of awareness and weak supply chain in some countries. The details covered in the smart lighting market report cover all the aspects of the industry. Analysts studying the smart lighting market have also shared growth projections in the report and have suggested smart lighting market players to plan business strategies accordingly. Get a FREE Sample PDF@ https://www.marketresearchfuture.com/sample_request/960 Competitive Landscape The smart lighting market is supported by emergence of connected devices across differ...
Read more

3D XPoint Technology Market Report Overview, Demand, Industry Trends, Key Players Analysis and Forecast Research 2027

  Market Overview As per the global 3D XPoint Technology Market Report is projected to achieve estimated growth of $5 billion with a CAGR rate of 13.7%. Since storage solutions are the maker of the IT market future, the demand for innovative storage technology is growing significantly. The 3D XPoint Technology system is a crossover memory innovation that best provides for blaze memory. Its plan structure is speedier and more inflexible. Due to its exceptional memory storing capacity, its demand is growing all over the globe. 3D XPoint Technology enables the storage system to save data because of non-volatile memory capacity even when the electricity is gone. This technology is better than any other memory storage system for durability, speed, and performance. Moreover, this memory technology can work without requiring any transistors; therefore, the pricing of 3D XPoint is very economical. The 3D XPoint is the type of storage solution that involves both RAM and flash memory. Its th...
Read more

Humidity Sensor Market Growth Rate Research Report by Forecast 2025

  Market Research Future published a research report on “Humidity Sensor Market Research Report- Forecast 2025” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2025. Market Analysis  As per the analysis by Market Research Future Reports (MRFR), the global humidity sensor market is estimated to attain a market value of USD 1551.4 million by 2025, expanding with a CAGR of 6.30% during the review period. The outbreak of COVID-19 has affected the global humidity sensor market. The increasing adoption of humidity sensors in industrial processes and the rising demand for smart home devices is likely to propel the market expansion. The increasing adoption of wireless moisture sensors for climate regulation in greenhouse farming is likely the most crucial factor in driving market expansion. They are used in several industries, like printing, textile, and food processing. These sensors are being adopted at a higher pace in sectors like textile, beverage, and healthcar...
Read more