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Metrology Service Trends and Forecast
The future of the global metrology service market looks promising with opportunities in the automotive, aerospace, power generation, and industrial markets. The global metrology service market is expected to reach an estimated $2.2 billion by 2030 with a CAGR of 6.1% from 2024 to 2030. The major drivers for this market are growing demand for reverse engineering and digitization across diverse sectors, rising emphasis on quality assurance and adherence to regulatory standards, and advancements in metrology technologies, such as, evolution of methods like 3D scanning and non-contact optical metrology.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Metrology Service by Segment
The study includes a forecast for the global metrology service by type, end use industry, and region.
Metrology Service Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Coordinate Measuring Machines (CMM)
• Optical Digitizers and Scanners (ODS)
Metrology Service Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Aerospace
• Automotive
• Power Generation
• Industrial
• Others
Metrology Service Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Metrology Service Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies metrology service companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the metrology service companies profiled in this report include-
• KLA Corporation
• Hexagon
• Jenoptik
• SGS Group
• Intertek Group
• Renishaw
• Carl Zeiss
• Sasco Metrology Services
• Faro Technologies
• Metrologic Group
Metrology Service Market Insights
Lucintel forecasts that coordinate measuring machines (CMM) will remain the higher growing segment over the forecast period due to capability of coordinate measuring machine (CMM) to deliver comprehensive measurements encompassing position, dimensions, and surface characteristics within a unified systems.
Within this market, aerospace will remain the largest segment over the forecast period due to widespread adoption of innovative solutions, such as 3D measurement solutions, portable CMMs, robot-mounted optical CMM scanners, cloud-based software applications, and dimensional metrology services.
North America will remain the highest growing region over the forecast period due to existence of substantial quantity of advanced manufacturing firms, including those in the aerospace and automotive sectors, as well as, rising demand for electric and hybrid vehicles among consumers in the region.
Features of the Global Metrology Service Market
Market Size Estimates: Metrology service market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Metrology service market size by type, end use industry, and region in terms of value ($B).
Regional Analysis: Metrology service market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, end use industries, and regions for the metrology service market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the metrology service market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the metrology service market size?
Answer: The global metrology service market is expected to reach an estimated $2.2 billion by 2030.
Q.2 What is the growth forecast for metrology service market?
Answer: The global metrology service market is expected to grow with a CAGR of 6.1% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the metrology service market?
Answer: The major drivers for this market are growing demand for reverse engineering and digitization across diverse sectors, rising emphasis on quality assurance and adherence to regulatory standards, and advancements in metrology technologies, such as, evolution of methods like 3d scanning and non-contact optical metrology.
Q4. What are the major segments for metrology service market?
Answer: The future of the metrology service market looks promising with opportunities in the automotive, aerospace, power generation, and industrial markets.
Q5. Who are the key metrology service market companies?
Answer: Some of the key metrology service companies are as follows:
• KLA Corporation
• Hexagon
• Jenoptik
• SGS Group
• Intertek Group
• Renishaw
• Carl Zeiss
• Sasco Metrology Services
• Faro Technologies
• Metrologic Group
Q6. Which metrology service market segment will be the largest in future?
Answer: Lucintel forecasts that coordinate measuring machines (CMM) will remain the higher growing segment over the forecast period due to capability of coordinate measuring machine (CMM) to deliver comprehensive measurements encompassing position, dimensions, and surface characteristics within a unified systems.
Q7. In metrology service market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the highest growing region over the forecast perioddue to existence of substantial quantity of advanced manufacturing firms, including those in the aerospace and automotive sectors, as well as, rising demand for electric and hybrid vehicles among consumers in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the metrology service market by type (coordinate measuring machines (CMM) and optical digitizers and scanners (ODS)), end use industry (aerospace, automotive, power generation, industrial, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Metrology Service Market, Metrology Service Market Size, Metrology Service Market Growth, Metrology Service Market Analysis, Metrology Service Market Report, Metrology Service Market Share, Metrology Service Market Trends, Metrology Service Market Forecast, Metrology Service Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Metrology Service Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Metrology Service Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Metrology Service Market by Type
3.3.1: Coordinate Measuring Machines (CMM)
3.3.2: Optical Digitizers and Scanners (ODS)
3.4: Global Metrology Service Market by End Use Industry
3.4.1: Aerospace
3.4.2: Automotive
3.4.3: Power Generation
3.4.4: Industrial
3.4.5: Others
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Metrology Service Market by Region
4.2: North American Metrology Service Market
4.2.2: North American Metrology Service Market by End Use Industry: Aerospace, Automotive, Power Generation, Industrial, and Others
4.3: European Metrology Service Market
4.3.1: European Metrology Service Market by Type: Coordinate Measuring Machines (CMM) and Optical Digitizers and Scanners (ODS)
4.3.2: European Metrology Service Market by End Use Industry: Aerospace, Automotive, Power Generation, Industrial, and Others
4.4: APAC Metrology Service Market
4.4.1: APAC Metrology Service Market by Type: Coordinate Measuring Machines (CMM) and Optical Digitizers and Scanners (ODS)
4.4.2: APAC Metrology Service Market by End Use Industry: Aerospace, Automotive, Power Generation, Industrial, and Others
4.5: ROW Metrology Service Market
4.5.1: ROW Metrology Service Market by Type: Coordinate Measuring Machines (CMM) and Optical Digitizers and Scanners (ODS)
4.5.2: ROW Metrology Service Market by End Use Industry: Aerospace, Automotive, Power Generation, Industrial, and Others
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Metrology Services Market by Type
6.1.2: Growth Opportunities for the Global Metrology Services Market by End Use Industry
6.1.3: Growth Opportunities for the Global Metrology Services Market by Region
6.2: Emerging Trends in the Global Metrology Service Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Metrology Service Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Metrology Service Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: KLA Corporation
7.2: Hexagon
7.3: Jenoptik
7.4: SGS Group
7.5: Intertek Group
7.6: Renishaw
7.7: Carl Zeiss
7.8: Sasco Metrology Services
7.9: Faro Technologies
7.10: Metrologic Group
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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