Metrology Services Market Overview & Strategy Framework To 2014 - 2025

In terms of application, the metrology services industry can be categorized into aerospace, automotive, industrial, power generation, and others. The automotive segment is expected to witness significant growth over the forecast period owing to the rising focus on safety and comfort. The growing adoption of laser trackers, portable coordinate measurement systems for three-dimensional (3D) inspection in automobile manufacturing facilities is driving the segment’s growth. In addition, rising demand for luxury and fuel-efficient vehicles will drive the segment’s growth over the forecast period.

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Regional segmentation includes Europe, North America, Asia Pacific, and the Rest of the World (RoW). Asia Pacific is expected to witness the highest CAGR over the forecast period owing to the growth of industrialization and urbanization in developing economies including India and China. China is expected to be the leading producer of steel, chemical, iron, food, and transportation equipment. Thereby, an increasing number of manufacturing facilities is driving demand for metrology services in the country. In addition, the growth of the aerospace and defense industry is expected to impel the demand for technologically advanced measuring techniques. Aircraft manufacturers are focusing more on interiors to reflect luxury and lifestyle as never before. Rising focus on the safety of passengers through high-precision measurement of aircraft components will drive regional market growth.

Some of the key players in the metrology services market are Renishaw PLC, Hexagon AB, Nikon Metrology NV, Carl Zeiss Corporation; and Trescal SA. Companies are following business strategies such as new product launches and target marketing to expand their product portfolio. In addition, companies are also looking for mergers and acquisitions to gain a competitive edge. For instance, Zeiss Industrial Quality Solutions has recently acquired GOM. The merger is aimed to expand the applications and capabilities of optical digitization systems. It will strengthen the leading technological position of Zeiss in the market. In addition, a combination of existing solutions and products along with joint innovations will create new business opportunities for the company in the coming years.

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