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Growing Quality Requirement In Industrial Products To Drive The Global Metrology Market

Market Research Future (MRFR) will be publishing a cooked research report on the “Global Metrology Market” that contains the information from 2020 to 2027. 


MRFR recognizes the following companies as the key players in the global Metrology market: 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), and KLA Corporation (US)


Market Highlights


The global Metrology market is projected to be valued at USD 16,533.3 Million by the end of 2027, registering a CAGR of 6.4% during the forecast period.


Metrology is the framework that guarantees these measurements are consistent, comparable, and accurate, resulting in measurement confidence at a certain level (usually by quoting a measurement uncertainty). When these traits are linked to measurement, it eliminates waste, permits commerce, allows infrastructure to work, improves technology, the economy to thrive, stimulates global cooperation, collaboration, and trade, and assures our health, safety, and quality of life.


In the 3D metrology market, the automotive industry is the largest end-user category. Automobile manufacturers are attempting to automate inspection and integrate metrology data with their product lifecycle management, statistical process control, and supply chain management systems. The automotive industry is predicted to benefit from this integration with metrology by lowering ramp-up times and enhancing the performance of automobiles, trucks, and other vehicles. Large volume inspection and tracking, aircraft component measuring, precise robot drilling, and engine turbine blade inspection are all examples of 3D Metrology supported manufacturing in the aerospace sector.


Further, nanometrology plays a critical role in the development of nanomaterials and devices with great accuracy and reliability (nanomanufacturing). It comprises measures of length or size (where dimensions are often provided in nanometers and measurement uncertainty is frequently less than 1nm), as well as force, mass, electrical, and other attributes. Nanometrology is concerned with two basic issues: exact measurement of nanometer-scale sizes and adapting or inventing new ways to define attributes as a function of size. The development of ways to characterize sizes based on the evaluation of properties and to compare sizes measured using diverse methods is a direct result of this. Due to these benefits the nano metrology devices and their need has been boosted in recent times and will create new growth areas to explore the metrology market.


Access full report @ https://www.marketresearchfuture.com/reports/metrology-market-1064


COVID-19 Impact Analysis


Covid-19 has infected the Global Value Chain hub wherein China plays an important role in providing raw materials, assembly of products, and final dispatch. The major decline in the export from China includes textile raw material, garments and clothing accessories, mechanical and electrical products, automatic data processing systems, central processing units, electrical equipment, and automobiles. Due of the imposed lockdowns, workforce and labor planning issues arose. Because of their capacity to meet the needs of this pandemic, manufacturers are focusing on Tier 1 suppliers to mitigate risks. Many businesses concentrated on inventory management and policy restrictions.


Segment Analysis


By offering, the metrology market has been segmented hardware, software, and services.


The global metrology market, based on product, has been segmented into coordinate measuring machine (CMM), optical digitizers and scanners (ODS), video measuring machine (VMM), industrial computed tomography, and others. The coordinate measuring machine (CMM) segment accounted for the largest market share in 2020 and is estimated to register a CAGR of 41.4% during the review period


The global metrology market, based on end user, has been segmented into scientific & research, industrial, and others. The industrial segment accounted for the largest market share of 65.0% in 2020, with a market value of USD 7,042.8 million; it is expected to register the highest CAGR of 6.6% during the forecast period. The scientific research segment was the second-largest market in 2020, valued at USD 2,762.3 million; it is projected to exhibit a CAGR of 6.5%.


Key Findings of the Study:



  • The global metrology market is projected to reach a value of USD 16,533.3 million by 2027, with a CAGR of around 6.4% during the forecast period from 2021 to 2027.

  • Asia Pacific accounted for the largest market share in 2020; this is due to the expanding automobile and manufacturing plants. In addition, the market is growing due to ongoing technological improvements by enterprises in the region.

  • Europe is expected to be second-largest market in 2020 The scanning probe image processor (SPIP) is widely used as the principal routine instrument for the analysis of surface topography measurements on the micro and nanoscale at the German national metrology institution PTB thereby contributing towards the demand for metrology market.

  • Due to the growth of the automotive sector, North America dominated the metrology market in 2020 and is expected to continue over the study period.

  • CMM or 3D scanners fetching real-time data and measuring changes in a product occurred over a time period are the key opportunities in this market.

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Companies Covered 15
Pages 110
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